Long

LTCEUR: If you're already long, there is pending upside

Updated

To join this move, if you were looking to buy now, it is a bit late. The daily chart gave a signal, but there is always risk that the miners decide to remove hashrate and that would decrease the Segwit signaling %. To activate it, the hashrate signaling it has to be 75%, it's now around 70%, which got people excited. There is no guarantee miners don't go and make this drop, since it's as easy as flicking a switch...

If you're long and in profit, trail stops giving the market some margin of error. Don't buy now if you missed it. There are always new trades. Timing is key gentlemen.

Cheers,

Ivan Labrie.

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Note

Market is down, after I reccomended banking profits or at least taking the original investment out.

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I ruined the uptrend...

haha.

On a more serious note, it was good to bank some there. You can always watch how it develops from here onwards to rejoin or even reverse your position if needed.

There are some fundamental news for btc and ltc, miners' are definitely a risk currently. Influence of a too large group of miners (many from China) working with developers in the shadows, not something I wanna be part of. Both in BTC and LTC...as I have thought all along, a centralized mining cartel, with access to proprietary hardware that no one else can get, is unfair, and a source of risk.

How can a descentralized coin, be so centralized in regards to mining? And the miners carry influence on decision making...not good, not good at all. GPU is fair, and ensures a fair distribution, anyone can get a GPU, that doesn't differ from the GPU I can get. With ASIC mining, this becomes irrelevant, some guy with more resources will be ahead of the game always, and their interests will matter more than the others' because of their mining power. There goes Satoshi's idea...down the drain.

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Until May 11th, likely to remain sideways/down.

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Practically a 2x move from the moment I posted, perfectly topping at my target...

IvanLabrie

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