I am expecting one leg down still, but LTC looks to me ready to buy on the long term. There is a triangle forming on the larger timeframes and in my opinon is an asset way oversold with actual fundamentals to be used. I will not go leveraged instead i will buy on spot market.
If in the coming weeks, ltc does not reach this point, i will reasses. If in the coming weeks, ltc crosses the 17 stop loss limit, i will reasses. (Note that will mean that the triangle did not play out).
This is not a trading strategy, rather, this is actual investing for 1 to 2 years.
quite interesting pair, I have it marked up as well
BeniGo
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@transparent-fx, Yep, I still think there will be another leg down, if there's not, i will not buy it. Markets are going crazy and I think people are going crazy buying now and the asset is not even moving, when all those fake walls are finished, i think we will have another 20-30% sell off, that's where I will buy it.