GeorgeChart

LTC/USD Uncertainty Day

COINBASE:LTCUSD   Litecoin / Dollar
We've seen some decent consolidation over the past two days after the latest spike in the 280-285 range which has been nice opportunity for day traders. FWIW, this range is near the 12/12/17 .5 Fib line. The question is...is it FOMO new money or big money building for the next spike. Triangle has formed from Friday top and support level , and seeing a little upward movement in a few of the well known alts...especially LEND. Late night sell off (based on US time) dropped line below the triangle, and volume is low. Possible short term buy opportunity in 277-278 range if you're day trading, but be careful. If the consolidation is FOMO, the whales could take LTC down big time. If the consolidation is big money, we could see a breakout towards the Dec 12th .382 Fib line around 300.
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