The Crypto Nasdaq Link

BTCE:LTCUSD   Litecoin / U.S. Dollar
156 0
Tuesday is independence day in the US and the markets will be closed. Studies have shown a strong upsurge in the reopening of the markets making the purchase of stocks favourable prior to closing.

Crypto currency markets in general have shown a strong trend in line with the Nasdaq making this phenomenon applicable to cryptocurrencies. LTC has not experienced the scaling problems of ETH making it somewhat safer, especially if there is more good news on lightning.

If the downtrend continues notable fibonacci retracements that could prove to be good pivot points prior to the reopening of markets on Wednesday could prove to be a very good time to buy and a profitable day trade.

I do not recommend long term investment currently in cryptocurrencies as we are evidently in a bubble that is coming towards the fourth and last cycle. Trade/invest wisely.

BTC donation wallet: 1a6dtV9BQrZW3DhBvijqJ4PYujeN9gUHq
LTC donation wallet: LYpQpvyig2FYNh6Kyg4eZBEADXTmKm4Pmp
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