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JJMa
Sep 22, 2021 6:46 AM

LTC, Litecoin, a.k.a Chicken...Deep Value Play Monthly Long

Litecoin / BitcoinBinance

Description

Not going all in, but in fairly deep now. May add to this position as we go down further. Just looking at the chart, not using "indicators other than RSI" problem is that BTC.D (dominance) is tracking higher, and will probably go higher rather than lower in the near term. Not looking to double my satoshis or anything crazy, but 10-20% gain, 1st target 0.004500 from current levels. I would say near 0.0029-0.003200 would be next major buy level if we get there on the downturn.

Trade closed manually

Dumped the position, waited a bit, and bought back my bitcoin after a small market dump. Cannot afford this one right now, irl.
Comments
EhhEhhRon
Keep a close eye on it. It's starting to rattle around. Lower time frame is showing increased volatility.
Komazo
Good job!
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