ukmartyn
Long

LTC Madness may continue longer than you think

BTCE:LTCUSD   Litecoin / Dollar
71 0 1
I find it hard to believe I'm saying this given the current inflated values of LTC             , but according to my analysis we're in a minuette (magenta) wave iii             of a subminor wave iii             (orange) of a minor wave 3 (blue).
Therefore the price may yet have some way to go over the medium term. However, the magenta iii             wave looks about ready to end so a small retrace is about to come in.
Calling it is very dangerous especially when shorting on futures , so buying the dip may be more sensible (I know! ). Bear in mind any (magenta) wave v could be short before a more significant iv wave (orange retrace).

Please check price action and other indicators, and come to your own conclusions before trading, no guarantees here (otherwise I'd be on a beach somewhere). Most importantly be careful out there, there is potential to lose money very quickly in this market.

I just thought I would add this, which makes this market very scary indeed!
https://blog.bitmex.com/chinese-promoter-pumping-litecoin-via-ponzi-scheme/
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