Alright, measured move similar to the pump we saw in earlier 2015, both are up into structure resistance... time to start taking profit, or shorting, if you have the ability... and the balls. A return to 0.007 would be in order if this were to top in this range.
0.017xx would be the short area if it gets there, right at the top of the channel.
Quite extended here. I think the end is near. Unless we just dissolve into complete degeneracy and rally to new ATH's. Then I'll be left without words lol, but many others will be happy.
IMO holding further than this is just gambling.
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LTCBTC hit top target on the nose on BTC-e. That was the short zone.
LTCCNY is at a very interesting level with this pitchfork.
I think altcoin doom is near.
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BTC-e just officially hit exactly the top of the trendline between the last two major peaks... it's a weak trendline because only two confirmations, but still worthy to pay attention to.
uh, where's the USD chart? cause that's where the real story is.
StephenBishop
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This assumes that all things are equal, which we know they are not, since ltc's fundamental structure has changed. But I wouldn't bet against you. Stops definitely a must.
erelerel
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poor people..
erelerel
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@erelerel, whoever like this chart ever heard about what is segwit? lightning network? mast? confidential transactions?
Noobincrypt
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stop this lowstrife. You lost your edge on dash. This is going to moon so hard its going to put your spacesuit to shame.
Flair-ON
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considering the evolution of both Bitcoin and Litecoin have been quite erratic in the last 2 year, can we compare the 2 and make conclusions? Maybe better to check the LTC/USD chart ..? just an idea
FelipeCaldas
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Altcoin doom is near... Hummm
lowstrife
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@FelipeCaldas, I think altcoin market share will return to 70% maybe 75% before this is all over. It's currently at ~55%.
@lowstrife, I think you mean *bitcoin dominance? I agree, but litecoin has had some huge developments, this does not seem like the old pump for a few weeks than 1-2 years of downtrend. Litecoin can still grow in an alt-coin shrinking pie, it was late to the party. Should be interesting to see how it plays out. IMO while its a very oversold market, the weekly and daily still say we are going much higher, this can go as high as .028-.05 before slowing down, not saying it will, but it certainly could. LTC/USD looks like its clearly going for 30-32, if that goes a test of ath's up next.