Litecoin: Price Consolidation is a Good Thing!

Price is consolidating the in recent days on litecoin.   We are going to look at the daily and weekly charts to see why this is actually a very good thing for longer-term upside.
Daily Point of View

Looking at the daily chart we can see ltc is now consolidating at the 108-110 area.  The level that was a prior resistance.  This price action is constructive as essentially price is forming a bit of a stair step pattern (though the price moves did pullback some first)
Only the daily chart it does not look like price is extended and most bulls are probably thinking,

About the author: TIMM Trader
Uniting Experts & Novices for Mutual Profit!

Add your Scripsio!

Join Scripsio and write what you write!
Be a part of the Scripsio community. Share what you have written.

Comments

No comments yet