$2,425 is strong resistance and not a "buy" at this point in time. I would like to see Bitcoin Cash trade above $2,425 for at least a day on strong volume. Once it does this, I would be a buyer. Otherwise, it is dead money.
ETH held strong during the cryto selloff these past two weeks. This means most people are "HODLing". I believe that Ethereum will outperform Bitcoin and LiteCoin in 2018. I would buy at any chance when it drops.
$BTC is in an ugly downward pattern. Key support of $14,000 (+/- $500) was broken on strong volume. I did not pick up the fact that support level kept getting tested which usually means the support level will be broken.
Next support is around $11,700. Stay away for now. Bitcoin has a strong downward trend. We will need to see what January brings us once all...
LiteCoin has been trading in a tight range as shown on the chart. Volume has been very low for two main reasons: 1) Its the holidays so many traders are on "vacation"; and 2) money has moved away from this Crypto. LiteCoin will continue to trade in this range until after the New Year. It is difficult to see where this will go but if it breaks the resistance...
