BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
theres small pattern thats forming but I dont know if it means anything or not maybe you guys can give some insight. Seems like LTC likes to form a bullish rectangle and then quickly shoot up and then move sideways, currently we are in the sideways movement for the second time and starting to form another rectangle . What do you guys think??
Comment: nevermind this was stupid
Can we expect 400 usd or more by Christmas?
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zhraan vnpatra2
@vnpatra2, I don't know if it'll happen by Christmas or by Sunday but I am very optimistic it'll reach that number regardless of how long it takes. 100 usd increase is going to consolidate and stay stagnant for a while but once things cool down and all the ADD buyers that are trying to find "the next bitcoin" stop moving their money around so much, LTC should make some steady gains.
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it looks clearer on the 1hr, but yeh i agree
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The context of the first 2 consolidation patterns are that they occured at all time highs. The 3rd one is different because its occurring after a support level was breached. It could theoretically break either way, but the difference is on the 3rd one, there is overhead supply.
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zhraan docfresh
@docfresh, Thanks for the insight dude, didn't catch that
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