If you have a position in LTC, this should excite you! LTC is charting a strong ascending triangle, signaling that it is poised to make another bullish run upward. You can see that a strong price support has been formed over the past week in the $330-$340 range. You can also see a tightening of the price fluctuations, another sign that a breakout is imminent.
If you regret missing out the last major leap in LTC value last week, this may be your shot at redemption. Especially with money flowing out of BTC today, look for the breakout to begin in the next 1-3 days. If LTC can break $400 by Christmas, hold on for a slight emotional pull pullback before vaulting to $500 by New Years.
*Please note that this is for entertainment purposes only, and should not be viewed as financial advice. Do your own research before investing in anything, cryptocurrency or otherwise.
You still expecting a bullish breakout? it seems we lost 330-320 support levels!
Paper_is_Poverty
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@abardini, That flash crash was because of Coinbase adding Bitcoin Cash to the exchange, and tons of money flooded out of the other currencies temporarily. I believe over the next 12 hours, we will see the price rise back into the $350 range, and if LTC can break through $380, I believe it will start the next bull run. The trend looks solid right now, even after that panic last hour.
BardiniCapital
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@MatthewBraly, alrighty thanks for the reply. I didnt think it was because of bitcoin cash. I didnt even think about that. I assumed we would see a increase because of the new currency added then a decrease after the hype was over.