atomantic

atomantic Updated 

If China does ban bitcoin exchanges, this will only make Bitcoin more powerful in the future. In the short term, this rumor is a misdirection to keep the falling price of bitcoin going up and down at selected intervals while it completes the full correction down toward ~$2700

atomantic

we are now heading back down a downward channel that has broken the long-term up-trend. Watch LTCBTC and BTCUSD to confirm movements. Bitcoin did a dead-cat bounce on the shorts, LTC did the same. I still think Bitcoin is going to see < $3K soon, which will likely pull LTC down with it. I'm still long-term bullish. Once this downtrend shakes out the weak, we'll...

atomantic Updated 

I'm always holding long, but I've finished a round of long hold closes (still holding some for higher targets).

atomantic Updated 

at this point, there is no ceiling holding litecoin down. From here, we could see a rise like we did when ETH suddenly broke up beyond $100. HODL.

atomantic Updated 

looks ripe for another quick shot upward

atomantic

Amidst the chaos, hype curves, pumps and dumps, Litecoin continues to be the most stable crypto with a solid uptrend. Expecting good things on the horizon. It's still been following along somewhat with Bitcoin corrections but holding its ground above the floor the whole time. Also, the Smart Crypto Vault is on the litecoin roadmap, which will enable smart...

atomantic

A really vague line drawing of where I'm expecting things to go. Two possibilities. Either we bounce off the floor and head right up, or we break through the floor and get eaten by whales as we re-emerge onto the same upward trajectory. As I've said before, Litecoin is too low for me to sell at this point. Too risky to try to make profit with a sell->rebuy and...

atomantic Updated 

Continuing to follow the patten in my last view, which is holding up nicely: I'm looking at a bounce back down from 40-43 area to 34 before we either go green or purple. Either way, I'm buying the dips. I've found that I'm more stressed when I'm holding fewer Litecoin (even when my total cash value is higher). I'm down over the last week but happy about it...

atomantic Updated 

certainly much of crypto is still heavily bound to $BTC as the main currency for shifting/hedging between alts--and $BTC is due for a massive correction (combined with the FUD around August 1st). However, FUD for August is also driving fervor for $LTC. I'm aiming for $LTC long, but I've got crash catching orders just in case we drop to $34. Tonight, I see a...

atomantic Updated 

Everyone has a different idea of where the moon is on the map. My litecoin moon is pretty far from here, but if we push through the 56-57 area, we are entering analysis breaking territory (there is no map to where it will go). As always, litecoin likes to push and keep pushing beyond where everyone expected it might go. This should lead to a nice correction, but...

atomantic Updated 

Just having some fun in response to the "LiteCoin in the Final wave" post. I think it is always a good idea to step back and look at the big picture. Keep in mind that Litecoin has had this boom in large part because it's tied very strongly to Bitcoin charts, and bitcoin has also rocketed from 1200->2600 in the same timeframe. If Litecoin goes down, Bitcoin and...

atomantic Updated 

you know the drill, I'm not a financial/investment advisor. This chart doesn't tell you what to do, but explores some options in the near term. Again, I'm long-term bullish on $LTC (long-term for me is 10 years). In the short-term (next few days), we are looking at a high probability of falling further down into the correction dirt (at least I think so). Great...

atomantic Updated 

what goes up (fast) must come down. I'm still long-term bullish on LTC so I hesitate to sell, but I'm making strategic moves around these points. There's still a half-million $USD buy wall at $26.58, lingering like some big money that knows something. The GDAX order book has the same volume from here to $50 as it has for here to $30. It's a healthy V shape, but...

atomantic Updated 

I'm still long on $LTC but I'm looking at this new ceiling and it's a strong force to be reckoned with. Let's see if it breaks overnight. This upward triangle could be a move into a new era or it could be the corrective bounce back after the hype. If we last > $40 for the next 2 days, this is it, we are in new territory. But if we follow this ceiling, we are...

atomantic Updated 

We have take-off. I'm prepared for our favorite trading pattern--this could end up being a buy-the-rumor-sell-the-news, or we could take off into a new baseline. Here's the cynical view. Optimistic view is hard to say but we could be entering into a new era for Litecoin. If in doubt, #HODL and come back next year--you'll be way happier not to stress about the...

atomantic Updated 

Bitstamp announced that $LTC support is "scheduled for Monday": twitter.com Since they are based in London, I'm taking it that Monday in UTC+1 is the planned release day. Assuming the release goes as planned, sometime in the next 23 hours, we should hear from Bitstamp. Litecoin has a strong future. I have a pile I'm holding until triple digits and then another...

atomantic Updated 

Litecoin is going bananas, and rightly so. Hilarious to see the twitter trends shift from "let's short this useless copy of bitcoin" to "this is going to be > $100 by year end" and "Litecoin should be 25% the value of bitcoin" (probably true statements) But remember, vertical movement is a physics test. Corrections will occur--but when? This is my theory so...

atomantic Updated 

Buying the dips. The floor held for 2 bounces so far. It may bounce down off $27.85 back to $26 before the bitstamp rollout (I'm predicting today). tipping jars: ETH: 0xAA33bAe03131f3aa36e1de3e4bD53583c41F8d64 LTC: LeMkJv1Xoxnt2YvRgKkNZZJRgZYgGzcSyv BTC: 1CWDM7dYLoBwJyf2kbGANAmuySwFWC2NZu Litecoin Theme Song (Pinball Wizard): www.youtube.com Theme-song...