"Jack's Trading Classroom: Potential Cup and Handle Pattern on LTCPERP"

Currently, we are looking at the 4-hour candlestick chart of LTCPERP, where Litecoin is behaving similarly to Bitcoin, showing a potential cup and handle pattern. The price is currently consolidating within the handle range. If the price breaks above the handle's high point (93.42) in the future, there are three potential profit-taking zones above.

Currently, we are looking at the four-hour candlestick chart of LTCPERP, and the chart shows a potential cup and handle pattern similar to Bitcoin. The price is currently consolidating within the handle range. If the price breaks above the handle's high point at 93.42, there are three potential profit-taking areas above.

The first profit-taking target is in the Fibonacci sequence resistance zone 127.2-138.2101.32-104.52.

The second profit-taking target is determined by the Fibonacci retracement at 5078.90. If the high point at 10093.42 is breached, the price could potentially rise to the Fibonacci sequence 150107.93.

The third profit-taking target is based on the cup and handle pattern breaking above the handle's high point. By measuring the distance from the cup's low point to the handle's high point and setting a 1:1 price target, it can be placed at the Fibonacci sequence 200122.47.

Remember that this layout strategy is based on entering the market with a double bottom pattern on the right side. It is advisable to enter upon a breakout to avoid early entry and additional risks.

In recent days, the digital currency market has experienced significant volatility. It is recommended for operators to strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, please consider carefully, as cryptocurrency trading may pose risks to your capital.

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