Charlie Lee, your neighbours told you about the upcoming halving and the possibility to pump your account by a nice X10 at least You listened their advices and now... here we are... again The halving won't only divide the miner reward by 2 but a lot of crypto investors accounts as well
Sorry for publishing this a bit late, I didn't take that trade and forgot to set the alerts on LTCUSD on the daily chart (dump top author telling his audience about opportunities after it happened...)
LTCUSD looks quite bearish now. We broke the blue supertrend (last week) and the moving average (2 weeks ago)
I would wait for a solid confirmation before buying back and running with the ponzi again
Best Dave
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Time to pay attention Re bullish above 114-ish if we close in daily above the SMA 20 weekly - then it will change its color and be displayed in green If that happens, protect the position quickly as the overall structure is not 100% bullish yet SMA20 weekly pointing downwards is a bearish signal but a LONG trade well managed can be tempted once in any case
@kxa5111, I don't even know what litecoin does. I'm only a chart guy :)
i8myapl
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Litecoin... not necessarily the rightcoin...
Daveatt
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@i8myapl, not the rightcoin to hold, but the rightcoin to trade. It could drop to 0 USD or go to the MOON, I'll trade it either way without biais :)
cybernetwork
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Fundamentals wise, I do see a continuing future for LTC for the far longer future, it being a BTC-like crypto that Satoshi probably doesn't hold a stupid amount of atm -- just in case Satoshi == Solotshi that is.
However, yeah the chart looks weak still IMO:
Using my LIVIDITIUM dynamic bands and FUSIONGAPS oscillator:
However, that seems to be the case for most shitcoins atm, even if they may pump a little on the shorter time frames.
Nice volatility atm indeed -- too bad I'm still mostly paper trading or making < $100 trades (risking <$10 with proper stops, etc) just to learn and for testing and improving my own set of scripts that I'm developing atm as a hobby.
cybernetwork
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BearPivot triggered in my LIVIDITIUM dynamic channel/levels.
Bearish momentum reversal signal triggered in my FUSIONGAPS oscillator.
Bearish Ichicloud still rather thick ahead..
Even more further downside, even if there's a short-term pump to retest the Ichicloud, at 66.9 USD which is also where the 1st StdevBand of my Fast Aeondrift (stoplimit selector is at)?