Altcurrency
LSK BREAKDOWNScouting for an entry zone. Overall market volume of The Dao KRAKEN:DAOXBT has now surpassed LSK POLONIEX:LSKBTC . Further weakness in price and volume can be expected until #BTC market cools off. Until #Kraken release #LSK trading, expect #Poloniex to control price direction for the time being. Waiting for entry in the 50K zone to catch a dip.
Bears, watch out!Pretty clear path ahead now that 33.41 level is broken (orange line; the long term decline trend since the start of the month)
Perhaps a little retracement at 38.06 level due to the previous high before making a new high for this month.
I do expect 42~46 CNY to be the peak of this rally and it'll make a pretty good shorting opportunity.
Long term LTC perspectiveYes its a crap coin, its a shit coin, its not an innovative coin but will history repeat?
It seems too cheap to resist at the moment, and Litecoin have tanked through the fall of Bitcoin from 540 to 500 at a stable price of $4.8. When you get 90% of people agreeing that something is dying, that's when you get in for a hefty profit and you know its in the capitulation & despair stage where many have lost money from the strong sell off (weak hands).
The advantage of LTC over DRK, NXT and other counterpart is with the support by most major exchanges and the general acceptance...
