The price of Litecoin, and Ethereum moves in fractals. Will the growth end of the week?
Source:still continues to trade in a narrow horizontal channel between the lines 3400 and 3500 dollars, while major cryptocurrencies like too are experiencing a distinct lack of volatility. And although in recent years the market situation was relatively quiet, many analysts say the imminent increase in altcoins, the main trigger which will be the formation of a new fractal in the long term.
theWhat happens with Ethereum and Litecoin
Today's third of the capitalization of the bitcoin is trading at 103 dollars. For the past day its value fell nearly 4 percent. Note that to date, the Ethereum still held above $ 100, which is a very positive sign for the bulls.
In a recent tweet popular cryptanalyst Luke Martin explained why Ethereum has the potential for rapid growth in the near future.
Today, I noticed an interesting fractal on one of the timeframes of the schedule of Ethereum. Will be fun to follow its formation. I would not open a trading deal with the fractals, but they can serve as a starting point for good trading opportunities. And yet I still have to wait for the final confirmation of my strategy on a chart.
fractal/pattern that caught my eye today scrolling through timeframes. Will be fun to track it's progress.
*fractals aren't something I would base a trade on but they can make for a nice guide. still need a setup or confluence with my current approach.
— Luke Martin (@VentureCoinist)
But things can go not quite right. The cryptocurrency was able to grow from 30 to 35 dollars last week, but it is still below its monthly peak, installed in the region of 40 dollars. However, many experts are suggesting a bullish trend for LTC/USD after an anonymous transaction.
Their opinions do not agree capturador under the name Hsaka. According to him, the fractals on the chart coins is talking about its imminent fall. If his strategy does work, trading pair LTC/BTC could go back to a downtrend.
F R A C T A L
Same repeating pattern as the previous top, albeit on a smaller scale.
— Hsaka (@HsakaTrades)
Even more promising coins for trading can be found in our .
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