Greetings everyone
and welcome to a technical analysis, which will not be about Bitcoin, but about its "lighter" version. Before continue, I would like to have your attention on the possible correction of the two top coins. Ethereum seems to have a correction, is it went from $415 to $400. The daily chart has a weakened bullish momentum, and the four-hour chart is bearish. On the other hand, Bitcoin (with an increased market share, at 61,70%) is looking bullish, and in a very strong way. So, the correction eventually will come, and one major resistance level is $13,950. Keep an eye on, and be prepared.
LTC/USD
Litecoin is trading at $58 - from $42 last month - and it has $2.5 billion daily volume. There is a possibility for the most accurate, high chance pattern to be formed, and this is non-other from the cup&handle pattern. It started at the beginning of September and now we can see if the "handle" will be created.
The four-hour chart is bearish, but the daily one, is looking better, so there is a chance of the pattern to be formed. Keep an eye on this. It could be very profitable, but we must wait to confirm it.
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