After faking a move to the downside and margin calling everyone and their mother down, it's highly likely that we see a strong uptrend emerge from this zone.
You can see my reccomended entries on chart.
As many know, I'm running a trading group, sharing signals for Bitcoin and Litecoin traders, mostly focusing on the over at okcoin.com, but also covering Bitfinex, , BTC-E and okcoin.cn spot trades. (mostly long term)
I'm running the group with my associate, a great intraday trader from China. We cover the Bitcoin and Litecoin markets 24/7/365 and have great accuracy and performance in our signals, as well as live screen sharing of intraday trading sessions.
We've recently shared a monthly entry to go long BTCCNY at 2310, which is paying off spectacularly so far.
Feel free to message if interested in the group, and remember to risk between 1 and 5% per trade.
This signal right here has great potential, so don't hesitate on taking it!
And btw, by not nearly as much (on btc-e and Finex). I would say this shows strength, as we were down 4% to BTC's 8%. There are fundamental reasons LTC may be decoupling from big brother BTC, not least of them being the clogged block issue in BTC. A switchover from one to the other may be about to happen.