LTC/BTC Potential Cup and Handle by jumps

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· @jumps · (edited)
$2.20
LTC/BTC Potential Cup and Handle
[![download (10).png](https://cdn.steemitimages.com/DQmRaXkYCyTz9a6ucf5amj9uF2Mu4V6JSzfA9tLu7AdZmQy/download%20(10).png)](https://www.tradingview.com/x/QhkvPizq/)

On 1 day chart. if Cup and handle is formed. i expect a huge break out above resistance line around 0.0185 satoshi if it do broke out that resistance.mean while i expect a minor consolidation from each resistance/support by fibonacci retracement . 

Vertical line is a date for Ltc halvening day 

This chart could be invalidated once the ltc/btc made a significant lower low (0.011 satoshi) or manage to consolidating below recent trendline . 

[![cupandhandle (1).jpg](https://cdn.steemitimages.com/DQmVyBediBVycMW8nf3yJkGyy8uiBXUk8waUyhqajxGQkCM/cupandhandle%20(1).jpg)](https://blog.tradesmartonline.in/cup-handle-chart-pattern-in-share-market/)


for Indicators:
DMI : DMI+ is rising while DMI- is decreasing and DMX is rising along side with DMI+. good bullish movement is expected for this asset.
Dominance : Compared with LTC, ETH and XRP.. LTC is currently dominate these 2 biggest market cap. bullish for LTC for now
Macd : Macd line keep rising above 0 line/ bullish territories and buy histogram is still keep building up currently
MFI : show a little bit divergence as it's on oversold area while i expect a minor pull back. it's still in bullish area 


[![download (9).png](https://cdn.steemitimages.com/DQmRMAfR12joEnwkUkz463EXxrVZV5yMgtQMQx5MkC2Luwx/download%20(9).png)](https://www.tradingview.com/x/IT2hBxxs/)


please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.

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created2019-06-10 19:49:45
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