LTC has broken it's down channel and has moved up like a champ. IMO, LTC is what's driving the other 2 up for a short term move with the forking news and the prospect of litepay. It appears that if LTC can break through this short term resistance in this $215 area that we will be moving to the $250 area next. (Could be higher, not much resistance up here besides round numbers at $250 and 300)
This should come really damn close to corresponding with time and price on BTC and ETH. The litecoin fork is suppose to happen around the 18th. 4 days for a push up, people collect the Litecoin Cash and then it reverts back down. ETH and BTC should be hitting major resistance points at the same time LTC SHOULD (key word should, but we don't know) be topping at the point, but we gotta see what it does!
The big if in all of this, is what it does over the next 4 days. I would look for more upward mobility on news and the trend break outs. Once that fork happens look for a strong pull back to the $200 area if not deeper. Be cautious, don't go in heavy with these plays by any means!
My 2 cents, happy trading.
-Sherem
This should come really damn close to corresponding with time and price on BTC and ETH. The litecoin fork is suppose to happen around the 18th. 4 days for a push up, people collect the Litecoin Cash and then it reverts back down. ETH and BTC should be hitting major resistance points at the same time LTC SHOULD (key word should, but we don't know) be topping at the point, but we gotta see what it does!
The big if in all of this, is what it does over the next 4 days. I would look for more upward mobility on news and the trend break outs. Once that fork happens look for a strong pull back to the $200 area if not deeper. Be cautious, don't go in heavy with these plays by any means!
My 2 cents, happy trading.
-Sherem