Same pattern as the 450 USD spike. Let's see what happens. I could image that it goes this way.
It will resolve today if we retrace or go to test the upper trendline again (159,6$).
My Oppinion: If we cross Red in OBV and go over 216,63 we're going to be short term bullish. If we are crossing the green line in OBV we're going to be bearish again.
I compared the first bubble (using old MTGOX Data) and included it into the current chart. Red displays the time neeced till we hit the lowest point after a bubble. Green says how much time was needed till we hit the local maximum twice after the low of the bubble(so called double bottom). blue-gray shows the time needed till we recovered completely and went past...
i will leave it here as there was no new charts for the last two months. looks like that the hype of litecoin did have an end and for now it is one of the undervalued coins, i think. The only thing i am sure of is that the ltc/btc ratio will be once again in the 0.048 region. Probably in one or two years. I originally followed the chart by ronfkingswanson, but it...
As referred from maggie. Here is the general trend on a logarithmic scale for Bitcoin. I expect no more news from Bitcoin this year.
Looks like as there will not much happen this year. In my oppinion it's still possible that we will hit the 274 USDs once again.
Hitting the lower Channel soon. Probably a good buy now.