Is LTC going to errupt out of its triangle consolidation and shoot up in price soon?

in cryptocurrency •  7 years ago 

Is LTC going to errupt out of its triangle consolidation and shoot up in price soon?

Article by : Rapta

I am in no way an expert trader but I mine Litecoin so I have some interest in its success, so I read about the subject as any person in my position should. Lately a lot of the talk has been about Litecoin's triangle consolidation. I understand this to mean that the price is dialing in and the currency becomes less volatile. I've been watching the LTC market like a hawk and I've noticed that price of LTC hasn't fluctuated very much (except for when the fake news about Korea banning Crypto shook the market). However, today I noticed that today its starting to trend up again. It could be good things. We've seen LTC reach $350+ hopefully people see the lite and this ball starts to roll. Hopefully not just wishful thinking XD

cryptocurrency litecoin ltc blockchain crypto
7 years ago by

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      ·  7 years ago 

    Not yet, the recent 400%+ gains in the past 6 weeks will take some time further to consolidate. Expect some range-bound trading. Note how the gain in the past hour, as impressive as it might look, is within the descending triangle, ie it is continuing to correct.

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