Cryptotrading Mastery with Sean Vengan Cryptocurrency Trading
I really like the base that Litecoin appears to be forming and from a TA point of view
we are looking at a nice "Cup & Handle" pattern forming.
The chart has similarities to Ethereum and for both Ethereum and Litecoin, I am a buyer. At this stage, we don';'t know when it will show some life but interestingly while others (eg Ripple) sold off, Litecoin held its price, that in my trading experience is a positive signal.
We are already in a trade with Litecoin but this is another opportunity both as an Investor and as a Speculator. I suggest giving the trade some wiggle room to breathe whilst it finds its way (you decide on stop losses based on your risk management and capital).
Hope that helps.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.tradingview.com/chart/LTCUSD/QRBKK1WC-LITECOIN-ANYONE-FOR-TEA-CUP-HANDLE-PATTERN-current56-22Oct17/
Is Ethereum also exhibiting this pattern?
Please check my posts