This is on a 1month data range.
Following yesterday's test of the ceiling, we can observe a new base has been sate (the grey line) as well as a short term ceiling (the upper grey line) causing a channel pattern. The trend seems to be pointing out another test of the ceiling, and if the trend has enough momentum it will be able to cross its and maintain its new positions with a new all-time high of 200$. This move, if successful will be enough to bring LiteCoin to the 200$ mark by tomorrow.
In case the trend fails and is not able to break over the ceiling the price could plummet to 155$ and in the worst-case scenario (based on the overall longer-term trend depicted in the chart as the upper and lower purple lines) the price could drop to a price level of 125$-120$
Interesting stuff!!!
(THIS IS NOT A FINANCIAL ADVISE NOR TRADE ADVISE, I AM NOT A FINANCIAL ADVISOR NOR HOLD ANY TITLES AND LICENSES THAT WOULD SAY OTHERWISE; THAT WOULD CERTIFY MY EXPERTISE. I AM JUST A GUY LOOKING AT PRICE CHARTS, I AM NOT GUARANTEEING THE PRICE WILL FOLLOW MY PREDICTION OR ANYTHING, DO NOT TRADE BASED ON MY POST. YOU NEED TO DO DUE DILIGENCE WHEN INVESTING. THIS IS NOT A BUY, SELL OR HOLD RECOMMENDATION.)
As always: "Past performances do not guarantee future returns"
Following yesterday's test of the ceiling, we can observe a new base has been sate (the grey line) as well as a short term ceiling (the upper grey line) causing a channel pattern. The trend seems to be pointing out another test of the ceiling, and if the trend has enough momentum it will be able to cross its and maintain its new positions with a new all-time high of 200$. This move, if successful will be enough to bring LiteCoin to the 200$ mark by tomorrow.
In case the trend fails and is not able to break over the ceiling the price could plummet to 155$ and in the worst-case scenario (based on the overall longer-term trend depicted in the chart as the upper and lower purple lines) the price could drop to a price level of 125$-120$
Interesting stuff!!!
(THIS IS NOT A FINANCIAL ADVISE NOR TRADE ADVISE, I AM NOT A FINANCIAL ADVISOR NOR HOLD ANY TITLES AND LICENSES THAT WOULD SAY OTHERWISE; THAT WOULD CERTIFY MY EXPERTISE. I AM JUST A GUY LOOKING AT PRICE CHARTS, I AM NOT GUARANTEEING THE PRICE WILL FOLLOW MY PREDICTION OR ANYTHING, DO NOT TRADE BASED ON MY POST. YOU NEED TO DO DUE DILIGENCE WHEN INVESTING. THIS IS NOT A BUY, SELL OR HOLD RECOMMENDATION.)
As always: "Past performances do not guarantee future returns"
