Litecoin found support along this 3-year long uptrend, which I know you can’t see in this little timeframe chart, but it is drawn form 2017 and it’s still valid. Right now, LTC is fighting to hold above this trend and $48 monthly support. If it doesn’t, then the price is going to drop back down to the start of the uptrend that brought this entire move together, $41.77 ($42). This is the scenario that I see playing out and buy orders along the bottom there $42 is definitely the right play to make here. Along with you guys I want to FOMO into these coins just as bad as you to make some Easy Loot, but you need to stay patient as patience is the key to successful trading. The market moves money from the hands of the impatient to the patient.
As always please do your own research, I am not a financial advisor.
I saw the $42 level also. Maths from eth and btc correlation says 41. But whatever. There are a lot more eyes and ears now, so I think this channel will hold. If it dips to that whatever. All I know is that I am going to be in the green in November. September 2017 the same date implies this is the level (46.72) to buy before it appreciated, so I have gone off that to play on the safe side and so I don't miss out. I have one more buy order at 44. Target 0.0121 ltcbtc or $118-157 exponential stagger sells. glhf
kyer
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@SteveMartin86, I like the way you think. Definitely will all be in the green in Nov-Dec early 2021 I see the charts going up up then, but now i'm just trying to give you guys the best entry points to maximize your gains
kyer
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@SteveMartin86, definitely the calm before the storm right now... train is leaving the station soon