LTCUSD

[ICEXch]

LTCUSD. A growing trend and a disturbing one - "head with shoulders".

Litecoin is fairly confidently consolidated over $ 240 after a breakthrough from the $ 100 mark at the beginning of the month.
The holders of long positions were seriously worried only on one ocassion:
During the Christmas sale last Friday, indicators collapsed to a $ 170 mark. However, by the closing of the day, they returned above $ 240.
So technically, the picture is still good for holders of this cryptocurrency.
The only concern at the moment, is the figure formed on the daily chart - "head with shoulders".
Usually such a configuration on the chart is signaling a reversal trend and threatens a fall from the height of the head, to the original November positions - $ 100 for litecoin.
The signal for the implementation of this scenario will be the closing of the day below $ 230.
But at the moment, its not happening
 
Recommendation: buy.

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[blue_id69]

he get what he deserve, you know right LTC is like silver verison of btc and allready in crypto market since 2011 2012 i guess. and im sure it will keep grow like any other currency as long as we believe in it

[De_nis]

I think that LTC is one of the fundamental classical crypto currency, so it will always be in price. Another question - the degree of its volatility, I will buy about $ 150, which I hope will see in mid-January.
Regards Denis

[panghae]

Wait for the breakout when it shows the head and shoulder it will be a good timing to buy.