Here is a forecast of possible scenarios on how LTC might behave over the next 10 days.
For now I am long and looking to take my profits around 450$, I might chose to top up in case it breaks through and moves towards the support level around ~250.
I find it difficult to believe that it will be able to break through ~200 but if that is the case I will not add to the position and stay in for the long haul with my current position.
taking forever. Slow, no volume, tracking BTC like white on rice.
KristianMortensen
⋅
@studMuffin, We just saw more than 300% gains on LTC on our positions in Litecoins in less than a month, I think it will be a while will you see BTC do a 50% gain.
StuddMuffin
⋅
@KristianMortensen, My point was that LTC isn't going to go up until the market is confident that BTC is either stable or still in a bull market. Unless LTC manages to decouple from BTC, which it likely won't any time soon.