Fractals May Give Traders Guidance as to Where Ethereum (ETH) and Litecoin (LTC) are Heading Next

As Bitcoin continues to trade within its recently established range between $3,400 and $3,500, the markets have been trading sideways, with major cryptocurrencies like Ethereum (ETH) trading flat, as other cryptocurrencies, like Litecoin (LTC), have seen some relatively large price gains.Martin importantly noted that fractal patterns are not necessarily the best trading signal, but rather act as a roadmap that can give investors and traders alike insight into which direction a cryptocurrency may begin to move.Litecoin has seen some decent gains over the past week, surging from lows of $30 to highs of $35 before settling at its current price of $34.24. Although LTC has seen some positive price action over the past week, it is still down significantly from its monthly highs of over $40.If this fractal proves to be true, it is likely that the drop will not be quite as large as Litecoin’s January dip, as the current fractal is much smaller than that seen last month.

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