litecoin shortStrong litecoin overbought, is okay, price might go higher. Short with enough margin, in a week see you down the ground litecoin.
Litecoinbitcoin
LTC setup next few days, will I get rekt? O_oRight now LTC is in a pretty interesting place. With Segregated Witness support at the strongest its ever been, 82%, it looks like it might be implemented on LTC within the next month.
So, with this in mind, I think LTC looks good over the next few weeks. However, I think a correction still needs to happen, as I feel the price is still a bit inflated from the last pump. In my opinion, the price might head up to the top of the triangle, at around 0.0098 BTC, and then find resistance, sending it down to about 0.0085 BTC. At this point, I think another strong bull run is coming.
Plans:
I've bought in half at 0.0094 BTC, I don't plan to short that, in case the price doesn't correct and keeps heading upwards. I plan to buy in the other half should LTC correct to 0.0085 BTC, and hold that for a while and see how SegWit affects price.
GLHF will be posting updates
