Few more hours, looking good. Broken into a new fib channel, and MACD looks strong. Exit target 0.014 BTC
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IT'S HAPPENING - EVERYBODY WANTS LTC. First few SW blocks signalled, lolololol
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Might be met with resistance here tho, according to trend lines.
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Broken the trend line. MACD still looks good. Overall looks strong, target still 0.014.
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Shorted at 0.011, might be way too early but I wasn't keen to hang around. Entry 0.00895, exit 0.011, trade profit 23%.
Might get back in later if it dips, but for now, just taking profit. Greed is bad.
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Was a good short at 0.011, price heading down now for some reason. Not sure why, everyone still signalling. think LTC was overbought during hype, anyways, was a good short.
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Was a NOOB move to get out earlier, the short was good for a while but support rekt me :< anyways, Im back in LONG.
1. MACD looks strong AF 2. SegWit has yet to ACTUALLY implement 3. 50 MA just crossed 200 day, this is bullish
Conclusion, HODL your fucking LTC, I'm back in at 0.0114. GLHF
~Callum~
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Side note: Always go with your original idea. Don't be a pussy. Looking at my first chart, I regret getting out earlier and had to pay a bit more to get back in. Anyways, target still 0.014
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WHAT SORCERY IS THIS
just gonna hodl
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This could be a likely scenario. Seems we are retracing where we came from - symmetrically. Could go down to 0.0105 before we really take off. Will be an interesting evening.
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Seems unable to break this green resistance channel, all the way up, regardless of SegWit. Guessing this is because there are a LOT of bagholders from earlier pumps and even from years ago when LTC was over $40. Anyways, still think we're on the way down to 0.0105-106 before we head up.
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It's now or never, really testing dat resistance
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Good morning, just woke up and LTC looking good.
Target still 0.014, ETA 24hrs
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It's resisting exponential growth lines, come on bulls.
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Could start to see a reversal here. Those are reversal candles
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We've bounced. Onward and upward to 0.014. MACD pulling back nicely too
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^ IMO, BitCoin's growth is slowing the LTC price growth
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^ I'm out at 0.012, might get back in later if it dips to 0.014. Taking profits, too lazy to wait around again. Let's see if I end up regretting it again lel.
Entry 2: 0.0114 Exit 2: 0.012 Second trade profit 5%
Total: ~28% so far
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^ Nice short at 0.012, just got back in at 0.0116. Starting to bounce back.
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Looking to bounce of 50 moving average and the green support channel. Overall bullish.
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THE COMEBACK
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Might take quick exit at 0.012
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Held through the night, still slightly profitable, but gonna keep holding. LTC been consolidating today, really testing the resistance trend line, might be loaded for another pop within the next 8-12 hrs.
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^ After a bit of consolidation, we broke out into the green channel again. However, it now seems to be acting as resistance, like before.
Not to worry though, SegWit will be locked in, in the next 15 hours. I'm expecting this to do big things for the price.
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^ Some weird shit happening here now, but in 20 mins, SegWit is officially locked in. Doesn't seem to be any anticipation of this in the price, but maybe there will be some excitement afterwards.
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^ 5 mins to go. A wild reversal candle has appeared
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LTC used SegWit, it's super effective!
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^This is really weird... I still think that because of BTC's massive price spike recently, attributed to BitFinex not allowing fiat withdrawals for now, it could be really slowing down the growth of LTCBTC.
LTC's market cap has grown significantly over the past few days, however, the price hasn't done the same, because everyone is pumping up the price of BTC, in attempt to buy BTC so they can get their money out of BFX.
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^ What the actual fuck. Great time to get some cheap LTC I guess...
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^ Bounced off of support, perhaps we can fulfill the 2nd orange arrow.
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^ If we fail to break this descending trend, I'm probably gonna get out in the next few days/hours at 0.012