I like what I see in your Chart! I also did some Charting today and it looks very similar to what I came up with myself...I see Ho, Ho, Ho, "Merry Christmas $400 LTC"!!!
Sometimes you just gotta stick your neck out there! (LTC Volumes are crazy High) Forecast is$3000 LTC late 2018. ; ) Just look at the logorithmics and be Conservative about it...that price may go higher than that....
bapprill
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I agree. +1.
This pattern appears to be another sideways channel that LTC is well-known for. I wouldn't be surprised to see a break to the upside, given the increased volume of this consolidation, though.
iknoxred2012
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...this Crypto-Coin-Market, is definitely not the "Normal," M.O. when it comes to currency trading. Although, I am only an (armchair Market-tracking-Junkie); I would be very interesting to see if this going into an "S-Curve," or continues to step up and step up and step up again: going sideways, after each step?!?!
bapprill
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@iknoxred2012, Oh, I don't at all think the crypto-market is at all normal. I only assert that Litecoin in particular is known for these long periods of moving sideways.
Sometimes you just gotta stick your neck out there! (LTC Volumes are crazy High) Forecast is$3000 LTC late 2018. ; ) Just look at the logorithmics and be Conservative about it...that price may go higher than that....