ronfkingswanson
Long

LTC repeating bullish steps, could jump once more before newyear

BTCE:LTCUSD   Litecoin / U.S. Dollar
112 4 2
many projecting one more bull rally, this is how I would see it happening for LTC. In fact, LTC could lead the rally again.
It's not a bull rally.. it's a pump.
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I'm speaking more to the effective price rising (bullish), than to the fundamentals or sentiment. Of course those are pretty nice pumps. But if price is higher now than week or two ago, that's a good enough reason to have been long.
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flibbr ronfkingswanson
$50 -> $15 I wouldn't call bullish. Price going up is because of pumps. It only went $1.5 to $50 because of hype pump by people who missed the btc train.
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50->15 only bearish (in other words, short it) if you bought up high. To someone entering near that bottom, this is a perfectly bullish run (e.g. - go long). Don't confuse a period of profitable trading with a universal judgement on the nature of Litecoin itself. You're confusing the two just on the semantics of the word "bullish"
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