As usual, life curved today. My bathrooms flooded from a clogged drain pipe leading from the house to the sewer. The good news is I rent. The bad news is it is Christmas Day. My landlord does not wish to pay holiday rates to hire a plumber today. I'm easy, so we agreed to begin the process tomorrow.
Lacking other insightful information to post, here is a 4 hour chart for Litecoin. This is a good example of price consolidation (I think).
We will watch and see which direction the price moves when this flag pattern breaks.
I expect this kind of price action to progress for the next few days. Soon, the traders will want to jump in at the slightest hint of market direction. I expect a move higher... For those of us who hold crypto currency, let's hope my guess is correct.
I enjoy guessing at future price actions when I have no plans to make decisions on the basis of my guesses. I have a few Litecoin that I am holding. I may sell some for profit if the price goes above $500. Today, that seems further in the future than I can guess. Then again, it could happen very soon. Crypyo's are like that these days.
Here is today's beauty.
