ETH ETH ETH! Meanwhile...

BTCE:LTCBTC   Litecoin / Bitcoin
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Meanwhile...see what's happening in LTC. I don't know if ETH has topped out or not, but let's assume for a second it's going to .05 and making new all time highs. LTC has the potential to go from .00885 to .03 or higher. Now ask yourself, which has a better risk/reward ratio at this moment in time, this might be a great time to sell your eth for ltc. Most people are also unaware that there is an LTC dev roadmap for scaling on the way, this will only add fuel to the fire that has already started.
Comment: Maybe a bit more downside over the next few days/week as eth fomo's for another leg up (last?) on the coinbase news coupled with the fact that btc is looking weak, if so just another opportunity to scoop up more. Position safe unless we had a close underneath the 61 fib at around .0814 or so. Really depends on bitcoin here.
Comment: Looking like eth has topped out, also charlie lee just confirmed ltc will be added to coinbase eventually. Looking real strong here, not much of a dip during what is starting to look like yet another btc fake out/shake out. Moon is in sight, very much dependent on btc, but looks good.
Comment: Strong resistance at .009...btc looking weak at the moment. Watching closely to see how this week closes tn, it will give clues. Also, ltc/cny testing 26 right now, if that falls its not a good sign for the short term. Sold some of my ltc at .0089--just a good risk/reward play, stop is a close above .09, still very confident in my main assumption that ultimately the moon is abound, if there is a big drop first thats okay with me and a good chance to increase my coin count, a few of ltc's past pumps have been preceded by big shake outs.
Comment: Took a small loss and got back in at around .00895 on the ltc/cny bullish break out.
Comment: .09 shattered and going for 6th week in a row closing the green, 1 month chart could not be more bullish, I can see the moon in site, its glorious.

Also, if China has sparked ltc bubbles in the past and loves to speculate in it, and they are buying btc b/c of the yuan devaluation, the same logic can be applied to ltc
Comment: Very ugly close to this 1d and 3d candle...and looking like the same to close out the week barring a big rally tomorrow. Im out, will get back in when things look okay, wouldn't surprise me if the ratio needs to go down before up as btc goes to the moon as it has in the past.
Comment: Ugly close to the weekly candle but 50% fib line has held for now. Still 2 more days to close out the month...if we bounce here then it looks like the moon is still in sight.
Comment: I got back in in the .0086x's...just bounced a bit into the .0087x's...looking good but the ratio rised from a dip in btc while ltc/cny remained stable, would like to see the ratio rise from a rally in ltc/cny to confirm things are still bullish. If it can break 33-34 cny then it should start to fly.
Comment: Full retrace, but still not over yet, see the weeks preceding the bubble in 13' where price action went up then came back down then back up for the real move to form a big W. I think that is what is happening here, but ltc/btc needs to rally over the next day or two before the 3d closes very bearish, and then potetntially the 1 week. Its at .0075 at the time of writing. LTC/CNY has been teetering on a break out for the last day or two, lets see if we get it, at 34.85 cny at the time of writing.
It looks like LTC ratio go to 0,007
btc_joe AndreyDrogal
While the last few days have looked bearish, i'm still not convinced this isn't just a pullback/trap before more up, in terms of the ratio, it kissed the 61 fib line and bounced a bit. Until that breaks the bullish picture is still alive, I will be watching closely to see how we close out this week and begin next week in terms of price action, that will be a big hint as to whether this is just a retrace or we need to have a good amount of more down first before it can rise. Thanks for your comment.
It seems too beautiful to being true ))))
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