LTC breakout iminentSome of this I got from MPC, but LTC is in a bullish cup and handle formation right now. It has been trading extremely tightly for the last few candles now wanting to break out of either of the thick black resistance lines, but recently the yellow line has kept it closer to the resistance line as a strong support and is the bottom of the handle formation. It's continually narrowing, so a breakout is iminent, most likely will be to the upside.
This whole pattern is trading within a flag, so support isn't too far below us, levels at 226, 211, and 197 (rounded to nearest 1). Targets for a break to the upside would be 250, 275, and 300, most of which are psychological. The first 2 targets will probably get blown past because of the LCC fork, so dumb people just wanting their forked coins. I genuinely hope it's not a scam for everyone's sake, but I also hope it is a scam for LTC's sake, and crypto's sake. A big scam like that will turn SO many people away from cryptocurrencies, and hinder everything. Buy LTC because it's LTC, not for free crap. And because a rally is also likely :)
When I say buy, do at your own risk. Im not responsible for your losses, just your gains :) jk. Have fun and be safe :)
