Lot of people bullish on cryptos - and LTC - in particular. My base case bearish scenario outlined here. Much lower prices to come which will be an excellent long entry point. We patiently wait for these prices to layer in our long position.
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Tracking thesis nicely. Ugly looking chart.
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Nailed it. Should be coming into a bottom in the next month or two.
@tendency, patience. Just don't be sidelined.... I could message you sooner then later to tell you how wrong you "were" but what good would that do?
tendency
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@Achieveaholics, this could get alot uglier still. i definitely am still on the sidelines until the dust settles and we have a pattern that confirms upside.
@tendency, the Terra Luna crowd LOL! LTC won't go to zero and perfectly fine waiting another year or two and still DCA'ing. Bids filled at $57. Got a shit load more LTC. Just adapting to the situation. Still got a shit load more LTC than you. Not worried at all, better than waiting 10-20 years in the stock market. Only 1-2 years in crypto.
BigBuxTrading
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I’m personally not to sure about your evaluation… too low of a drop… market is very broad now with a wider acceptance and understanding…. I’d love to buy up LTC at $50 a coin (I’m in at a base of $66 with my original purchases in 2017) but I’m not sure if we’ll go there again…. $135 would be a low in my opinion…. But then again, who the hell really knows, right?….Best of luck!
tendency
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@sdubyag, It's happened before and I expect the same until proven wrong. My guess this time is we bottom ~80 or so. Thanks for comment.