Litecoin is a very strong buy at these levels.
I have been watching for a while to see if it will go lower and break support and it hasn't.
Now that we have also approached 0.01 BTC, we are at a global support level on the LTCBTC pair.
Also, it had 3 pushes downwards, and it is now consolidating and making a decision, and I can't really picture a 4th downward push.
I did predict a drop to low 50s, but I am not seeing that now.
Bitcoin is also struggling to break 50% dominance, which gives more clues to invest in alts now.
Good luck, my calls are a bit better than 50% if you see my previous history. I could still be wrong though.
Not financial advice!
I have been watching for a while to see if it will go lower and break support and it hasn't.
Now that we have also approached 0.01 BTC, we are at a global support level on the LTCBTC pair.
Also, it had 3 pushes downwards, and it is now consolidating and making a decision, and I can't really picture a 4th downward push.
I did predict a drop to low 50s, but I am not seeing that now.
Bitcoin is also struggling to break 50% dominance, which gives more clues to invest in alts now.
Good luck, my calls are a bit better than 50% if you see my previous history. I could still be wrong though.
Not financial advice!
Note
Hello, I am not interested in losing money or others to lose money based on my calls, this idea is risky but I bought some here and am holding.
The candle went through the trend line after posting this, so I am not as confident as I was, but I will still hold. I scaled in here for a long position.
Note
Hmm, fighting at support trend line.
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That previous picture is from a different chart where the TL is different:Note
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I posted this idea at 76.6, I'll try to come up with a figure to abandon ship if things don't work out.Note
The idea on when to sell at a loss. If it goes to 68 support and bounces back to 72 and gets rejected again, might be a good idea to throw this away.Note
Hmm..
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Trade closed: stop reached
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Looking back, this was a pretty stupid call, if I was bearish on Ethereum, surely LTC would drop with it though. Well, entry at 76, it is now about 60. I am holding onto the 76 buys.Note
I am currently down 20 * 20 from 76 to 56. I am a bit biased on LTC maybe because I am very long term bullish on this.Note
Hope this gets back to 76 so anyone who took my advice breaks even. GL all.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.