The price action on LTC/USD looks entirely too bullish to change sentiment here. If however this drops below $40 that might change things depending on other market conditions. It may however simply be the last buying opportunity before LTC/USD takes off. This is a difficult place for investors to decide to hold and go or should they decide to sell they may end up regretting selling to ultimately chase LTC/USD higher.
Comments
georgcantor
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I'm holding about 50% of the total I'm willing to invest. The other 50% are on buy orders from 34-38.6. If It falls I expect a strong recovery in the next 12 hours but tomorrow could be as unstable as yesterday thus the overall correction by the end of the week may be between 30-35. We still don't actually know if tomorrow will bring lightning as well as LTC/USD, which might be a disappointment that could force a large dump.
FranciscoSales
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@georgcantor, apparently LN is not coming tomorrow.. Bitstamp tweeted it.. I am afraid we might see a big dump after a rise tomorrow..