ibankbitcoins

WHEN IS LTC GOING TO HIT A TOP? I BELIEVE WE ARE CLOSE

OKCOIN:LTCCNY   Litecoin / Chinese Yuan
I am not good at picking tops. I don't usually try to call it because I don't trade it. However, I believe we are close to a short term top. Sentiment is euphoric on LTC             right now. So euphoric that this forum's discussion have been derailed by LTC             in the last two days. Top traders on LTC             futs are at 66% or higher, that is unheard of in BTC land.

http://ibankbitcoins.com/sites/default/files/users/user1/2015-07-09_chart.png

In addition, BTC hasn't made new high while LTC             climbed and climbed the last few days. The two should go in tandem. I am just pointing out the mountain of evidence that price can't be supported forever. Market can be irrational longer than you can be solvent. Just like that trader who got margin called on the chart.


ChartArt
a year ago
Awesome!

I just logged into Tradingview, because I want to draw a chart telling the same. The exuberance in the price structure is beyond being healthy at this point.
Reply
ChartArt ChartArt
a year ago
Here is my own bearish chart:

Litecoin peaking this week


Litecoin peaking this week
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kosai19 PRO
11 months ago
Really nice call!
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