LTC Should Settle At $16 After All Is Said and Done Short

Litecoin / DollarBitfinex

Description

⋅ Sep 10, 2018 1:50 PM

Title says it all - with nonsense calls by some novice longs as high as $500 "by years end" this name could trap some long traders with bounces along the way - buyer beware #trading #crypto #fintech

Comment

⋅ Sep 11, 2018 9:11 PM

Headed in the right direction DOWN. See you at $16 eventually.

Comment

⋅ Dec 5, 2018 8:16 PM

As we said see you at $16 - exactly where no one thought it could go

Chart Patterns

Comments

nmercy

⋅ Sep 10, 2018 2:03 PM

Was starting to get a little concerned when everything bounced last week... but looks like that was just another pump and dump bounce.

NewYork888

⋅ Sep 10, 2018 4:09 PM

@nmercy, Exactly

SaeidKarimzadeh

⋅ Sep 18, 2018 9:43 AM

@london55555, Yeah i pretty much started to believe it all when litecoin dropped from 150 to 90 ish. I then realized that you guys have been right all along and when u look at the charts they speak for themselves.
a Sharpe drop to 1200-1300 would be a perfect time to buy on bitcoin. I dont think the price would stay at 1200range for long I'm not very sure on etherum but if bitcoin would drop 5x from now then so should ether and it should end up anywhere in 25-50 usd area I suppose.
from these levels and liteoin around 16 usd as well prices should see a Sharpe increase which is why waiting for the right price is the only profitable way to trade and make a profit.

NewYork888

⋅ Sep 19, 2018 2:23 PM

@SaeidKarimzadeh, Agree 100% but 99% of all traders do not have that patience that's why the all go flat broke. Thank you for the comment. Good luck.

nmercy

⋅ Sep 19, 2018 2:51 PM

@london55555, It has been hard not buying the dips on the way down... old habits.

NewYork888

⋅ Sep 19, 2018 8:21 PM

@nmercy, That's exactly why 99% of all traders go flat broke - no patience.

InvestingScope

⋅ Sep 11, 2018 10:08 AM

Solid long term approach. Our immediate TP is 49.508, 33.195 (September 15, 2017 low), but on a 1W basis the Lower Low potential for Litecoin is far greater extending as low as 33.195:

nickhalden1

⋅ Sep 10, 2018 4:26 PM

Really nice idea and comment, bro! I also really liked Dude's idea on Bitcoin today. You should check it out and see what you think!

phil155

⋅ Sep 10, 2018 3:52 PM

You have been very consistent on this precise amount and also expecting BC to drop to 1350 or so (I may be off on that) but are you expecting the crypto market to bottom and then bounce or just fade away ?

NewYork888

⋅ Sep 10, 2018 8:37 PM

@phil155, Bottom with only a few if that winners left standing - if i had to guess id say BTC and ETH Thank you for the comment.