UnknownUnicorn121770

LTCBTC Moon or doom

Long
BITFINEX:LTCBTC   Litecoin / Bitcoin
LTCBTC setting itself up for price compression until end of March '18. I'm bullish on LTC due to high adoption, so i've added a 50% position and will be adding another 50% if price moves towards the ascending triangle support.

Happy HODLing.
Comment:
www.litepay.us/ release 26th of Feb: buy the rumour, sell the release/news. Will be closing half my position close to ATH

Comment:
The bull has awaken.

Breakout of intraday bear channel resistance, through the resistance of the rising wedge and the longer intraday resistance around 0.21X. WOW!

I think the only negative at the moment for reaching 0.33 is the volume: it's higher on the 4H, but not at a level where we feel fully confident.

I will be watching volume more closely.

Comment:
LTCBTC had nice upside risk. A scam fork LCC is adding volatility, potentially causing LTCBTC to reach the ~0.033 area before the hard fork.

It doesn't really matter anymore that the broken resistance is now support, because of these idiots buying LTC for LCC. I hope they come out on the losing end, what a shit show. No, i don't want wealth at all costs. If i wanted that i'de buy sweatshop products in 3rd world countries and sell them for a high margin in the West.

I'm going to short my balls off once that block is almost mined.

Fucking tools.

Comment:
I'm still watching LTCBTC (and LTCUSD) from the sidelines, currently eyeing an entry in LTCUSD around $161 or lower level and also looking at LTCBTC for a potential neckline and right shoulder confirmation around the marked area, before i'll show interest in LTC again.

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