LTC/BTC. The "Cup and handle" pattern. The coin price will rise to 0.018 BTC.

Hello, gentlemen.

On LiteCoin formed pattern, which is called "a Cup with handle." More precisely, it was formed a few days ago and is now committed to its completion.
This is the name of the pattern was due to the fact that the rate of the financial asset draws on the stock chart like a Cup picture

Exchange Bitfinex, timeframe 3 days.

This pattern is known for the fact that it makes it possible to calculate the approximate price to which the market of a financial asset aspires.

It is calculated elementary. Of the price of the upper (0.0125 BTC) cups subtract the price of the base (0.007 BTC). Thus, we obtain the depth of the Cup (h=0.0055). The resulting number (0.0055) is added to the top of the Cup (0.0125). Get 0.018 BTC - this is the price to which the market is now seeking. I want to note that h in this growth may be corrected, but this trend is not affected.

P.S. let me remind you Once again that the timeframe of this chart is 3 days. After the correction of prices in the area 0.018 CHD, I expect continued growth.

Good luck!

The @upvoteinvest team

A formal disclaimer
Some of the posts might contain our opinion on trading strategies based on our technical and fundamental knowledge. However, please, invest at your own risk. We can’t be held responsible for any losses.