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Litecoin braces for a 100% liftoff following cup and handle breakout
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ambcrypto.comLitecoin projected a 100% upswing following a cup and handle breakout. A move above the Golden Fibonacci Zone would set LTC on course to a breakout target at $360 and another possible 50% surge at the upper sloping trendline.
However, LTC might need to deal with a near-term correction before the projected rally as its daily RSI was at overbought levels. At the time of writing, LTC traded at $251.7, up by 20% over the last 24 hours.
Source: LTC/USD, TradingView
Litecoin was expected to continue its scintillating run after breaking north of its cup and handle pattern. Based on the highest peak within the ‘handle’ and lowest point in the ‘cup’, LTC indicated a 54% surge at a target of $360, slightly above the 78.6% Fibonacci level.
However, a
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