Looking at Litecoin, a short term trading range is developing. This range has formed over the past week.
I am not experienced enough to predict how long this pattern will continue.
The chart below is a four hour chart. I have added the pitchfork colors to illustrate the trading channel.
The range seems to center around $260. Highs have been just over $280. Lows have been in the $230's. Short term traders use these type of tools to trigger their buys and sells.
Steem is in a similar pattern with a center around the $3.00 mark. Similar highs have been around $3.50 with similar lows around $2.50.
My interest is looking at percentage volatility. Litecoin is moving around 8% off the center. Steem is also moving in a larger percentage range but not significant to me.
My calculations are rough, but I see no advantage to transferring value within my portfolio. My guess is that Steem has a stronger possibility of percentage change in the very short term.
Here is today's beauty.
