LxBx

LTC/Dollar - Don't see any strong signals

BITSTAMP:LTCUSD   Litecoin / Dollar
Just some thoughts.
Looks like a weak symmetrical triangle, but no strong indicator to verify a major change in the price.
The highs and lows within the triage aren't even touching the trend lines . A lot of small cycles.
Further more volume is low. Until there is a spike in volume I think current trend will continue.
Cash inflow has tapered off. If there is a spike in price, I don't think it would last too long, given the current state.

Open to hear what others think and would appreciate the feedback.

Thanks,

LxBx
Good analysis, we just broke the triangle downwards..

Balas
LTC is tied to the hip with BTC. Basically same triangle on BTC but I can't imagine the volume being weak on BTC... So where ever BTC goes LTC will be following close behind... Up or down is the question at this point since there seems to be little indication which way it will break.
Balas
Everyone still on Holiday for Christmas? :P It might be a dead week in volume till next year, unless people want to trade during the holidays.
+1 Balas
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