LTC setup next few days, will I get rekt? O_o
Right now LTC is in a pretty interesting place. With Segregated Witness support at the strongest its ever been, 82%, it looks like it might be implemented on LTC within the next month.
So, with this in mind, I think LTC looks good over the next few weeks. However, I think a correction still needs to happen, as I feel the price is still a bit inflated from the last pump. In my opinion, the price might head up to the top of the triangle, at around 0.0098 BTC, and then find resistance, sending it down to about 0.0085 BTC. At this point, I think another strong bull run is coming.
Plans:
I've bought in half at 0.0094 BTC, I don't plan to short that, in case the price doesn't correct and keeps heading upwards. I plan to buy in the other half should LTC correct to 0.0085 BTC, and hold that for a while and see how SegWit affects price.
GLHF will be posting updates
So, with this in mind, I think LTC looks good over the next few weeks. However, I think a correction still needs to happen, as I feel the price is still a bit inflated from the last pump. In my opinion, the price might head up to the top of the triangle, at around 0.0098 BTC, and then find resistance, sending it down to about 0.0085 BTC. At this point, I think another strong bull run is coming.
Plans:
I've bought in half at 0.0094 BTC, I don't plan to short that, in case the price doesn't correct and keeps heading upwards. I plan to buy in the other half should LTC correct to 0.0085 BTC, and hold that for a while and see how SegWit affects price.
GLHF will be posting updates
Was a bit premature with the last bounce, however it did happen in the end. Adjusted the chart accordingly. SegWit is now at 73%, so IMo the price will head down to just below 0.009BTC, at which point support should kick in, sending the price upwards. Have to wait and see how SegWit support is doing then as well.