LITECOIN, ANYONE FOR TEA? CUP & HANDLE PATTERN current56 22Oct17 https://www.cryptotradingmastery.com/

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.

Author: Sean Vengan, 10+ Years Professional Trader and Trading Educator

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