koryu
Long

Chance for LTC Bubble

BTCE:LTCBTC   Litecoin / Bitcoin
566 4 6
Watching bullish Breakout on daily LTC chart today. Moving averages have stacked and first log down trendline is broken up. It's not confirmed yet but there is a chance for a LTC bubble in the making, Keep an eye on moving averages going up. First target should be 0.009 after that there is another trendline and Ichimoku cloud to break after that there should not be too much resistance anymore.

After Mike Hearn's bitcoin             exit, several altcoins have performed pretty good (eth, xem             , dash, xmr, even doge f.e.), Either its just pump and dump or people are going to diversify cryptos in higher amounts as before.

There are more bubble canditates showing similar bullish chart patterns, f.e. also see XMR
Also watching NXT which shows similar signals.

Be aware that btc             could go down meanwhile reducing profits.
Trade active: Rally initiated. :-)
staying long here but expect resistance at ma200
Trade active: bought more during the dip

Related Ideas



weekly breakout :-)
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soon(tm) :-/
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golden cross for ltccny ahead
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entered long today LTC
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