ocon442
Long

Litecoin bout' to get a whole lot lighter

COINBASE:LTCEUR   LTC/EUR
sell order for €164 - Buy order €119.5 if the sell order executes.

Rumour has it Mount Gox trustee has 166k bitcoin to sell (market sell)

my pants will be full of litecoin when it hits €1k

cheers to charlie lee & an early retirement

Comment: possible scenario for the next week (looking at the 2h chart)


Comment: I've closed my position - Cash ready for different possibilities - I'll wait for the market to decide what happens (1D chart)

Comment: Well LitePay was a bit of a disaster but Ltc mooned w/o it and Abra news is much more significant for this coin imo.

Where is the bottom?
We look to be on the final wave down from the start of this channel.

It's very hard to predict the bottom bottom however using some of the elliot wave fundamentals (see graph) I will be setting up buy limits ranging from €92-€100 - as always btc will dictact

What does everything else think? I've seen a some very different takes - hope we get a titanic reversal in the coming months


Comment: are the bull strong enough to break out of this channel - I really hope so!


Comment: Looks like we might need a reset before we go another leg up resistance at €139

think we'll bounce at 130 mark or break through to lower support this time?
Reply
ocon442 max69
@max69, Really depends on whether BTC can hold at the 61.8% retracement ($8000-$8150) that would be probably mean a low of €129 LTC ....if you're buying might be a good idea to scale in just incase support fails



Reply
max69 ocon442
@ocon442, yeh, i've placed orders at 129.6 and then keeping some if it drops through. thanks for the reply
Reply
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