ronfkingswanson
Short

LTC rally getting cornered, accelerating hits on 21.6 support

BTCE:LTCUSD   Litecoin / Dollar
138 4 2
like skipping a rock on the lake...
Thanks for your charts and working hard, and thinking hard about LTC, here are my thoughts out to January 1st. I look forward to your projections.

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CryptoCoinSolutions CryptoCoinSolutions
Ah, here's the link to my chart, which is not necessarily a response to yours, or a contradiction, just something to discuss. Please see my comments about this chart, and the coin and its character, on this chart:
LTC/USD Projection for 01-01-2014
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well it seems that last hump went flat, turned into consolidation, and we're having a small breakout. At least we know where the floor is ;-)
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I see the potential for Litecoin to enter a new channel, above the $16-$17 channel we broke out of. The new channel, perhaps a series of bull channels to take us back up a bit, might be a sideways trading at $18-$20, and a series of rallies out of channels like this, each one demonstrating lines of support, just higher than the other, as we see rallies and breakouts out of these channels to finally reach a temporary reversal high of $26 to $29, I've see this happen in Litecoin just after it bottomed from the April, first S-Curve rally.
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