For various reasons, I recommend shorting LTC / staying out entirely until its almost to the levels needed to see a large bounce again. All the big gains in LTCBTC history have came at the end of a big plummet into the abyss, and we are on the verge of a new one now. This is healthy for LTC in the long run, assuming it maintains the bounce tred-line it's had since December.
Note that this is LTCBTC, not LTCUSD. What that means, is that we can have the value of LTC decrease in its relation to Bitcoin, but does not necessarily mean it will decrease TOO MUCH in USD value.
Understanding its BTC relationship can fall, we can assume 2 things:
1) BTC is going up extremely fast in the near future and the future of LTC is fine, as it historically follows BTC
2) LTC is going to fall of the map of relevance in the realm of crypto
I'm biased pro-LTC, so my thinking is to trust option #1 until that lower bounce line is broken.
Note that this is LTCBTC, not LTCUSD. What that means, is that we can have the value of LTC decrease in its relation to Bitcoin, but does not necessarily mean it will decrease TOO MUCH in USD value.
Understanding its BTC relationship can fall, we can assume 2 things:
1) BTC is going up extremely fast in the near future and the future of LTC is fine, as it historically follows BTC
2) LTC is going to fall of the map of relevance in the realm of crypto
I'm biased pro-LTC, so my thinking is to trust option #1 until that lower bounce line is broken.
Eric Thies