LTC has broken the 0.02 BTC price point (briefly, for now), and it also broke out from its cup with handle pattern.
A target price for LTC may be somewhere between 0.026 BTC and 0.027 BTC. However, it may take a a week or two for that price point to materialize. Re-evaluate the trade as times goes on and decide whether or not to take a profit earlier.
The target price calculation is based on the distance between the support and resistance levels (the two blue lines below) of the cup, which is almost 0.01 BTC, added to the handle breakout point, which is around 0.017 BTC. That gives us a target price slightly below 0.027 BTC.
An alternative method to calculate the target price is to look at the Fibonacci level 161%, which results in a price slightly above 0.026.
Vote, comment, and resteem if you'd like me to keep you updated on the latest cryptocurrency buying opportunities. Follow me 