Evermore
Short

LTC to Goblin Town?

BITSTAMP:LTCBTC   Litecoin / Bitcoin
Context : The great LTCBTC sine wave rested on support (0.01 BTC ) in May-June 2017, before above highs of 0.02 in July. August saw LTCBTC trending downwards to touch on the 0.01 BTC support again before returning to around 0.018 BTC .

In September, LTCBTC has been trending downwards - and we may see this downwards trend continue back towards the support zone around 0.01 BTC , before a potential reversal - back to 0.018, or even as high as 0.02 BTC .

An appropriate trading strategy could be to buy in at around 0.01 BTC and take profits at 0.018 BTC or 0.02 BTC .

*Special thanks to @Faboose for inspiring this idea's title :)
TP zones worked out, 7 months later anyway :)
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Evermore some_guy
@some_guy, Mhm we're back there again :D
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BTC will be following it soon enough. I can see plenty of buying opportunities in the not so distant future.
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Evermore mooneymoonman
@mooneymoonman, agreed - just looking at current BTC price action, that seems to be the case!
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@Evermore, the market is so fickle atm, lots of red on the Bittrex charts, not a good start to the week.
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