AbdorhmanThi
Long

LItecoin: Possible Pathways

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Litecoin is still very bullish . The overall market trend of Litecoin has never been bearish . Trend is your friend. Here are some possible trade opportunity I see. It can also be long term add position. What are your thoughts?

Trade with care.

Comments

LTC is very bullish on its own, but being held back by bearishness on BTC and the overall market. The BTC movement is inevitably going to dictate where LTC goes.
+1 Reply
some_guy Box1515
@Box1515, except when it doesnt
Reply
Box1515 some_guy
@some_guy, but it did as it almost always does. LTC (and most other coins) turned bearish when everyone was panicking that the BTC futures were going to result in a price crash. Once BTC started moving sideways instead of down, LTC (and the other alts) resumed upward movement. We're in the clear again at least until the 13th. The first futures contract closes on the 13th and not sure what impact that will have on market sentiment. Maybe none at this point. Anyway, I think LTC will correct now and then break back towards $300. The chicken isn't done flying just yet.
+1 Reply
some_guy Box1515
@Box1515, theyre of course completely intertwined, im not arguing that....was astounding what happened today is all!
Reply
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