LTCBTC Cup and Handle aiming at 0.00600

Litecoin (LTCUSD) has been greatly overperforming against Bitcoin (BTCUSD) since June 13 and last week even broke above the Lower Highs trend-line that has been holding since the April 2019 Highs.

This rally is coming after the completion of a technical Cup and Handle (C&H) pattern, after breaking above the 1D MA50 (blue trend-line) and having the 1D MA200 (orange trend-line) as Support since late August.

Technically, the pattern targets the 2.0 Fibonacci extension, which is just above 0.00600.



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