SatoshiCoorsLite
Long

Just give it some time!

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The Litecoin charts are looking relatively good and I have a target of $1,000 halfway through the summer. If the market isn't manipulated by a Mt.Gox or massive sell, we should see a major trend reversal IF, and this is a big IF, we hold the $115-$120 support line. If we hold and the bulls can push us out of this mess, we are golden and poised to break out.
Comment: By the way we also have a head and shoulders over there on the charts. Just FYI. Might be relevant but who knows.

Comments

Mt Gox... massive market manipulation... Mt Gox clowns adding much uncertainty to the crypto markets. Good strategy though, sell in chunks, drive price down, panic sellers drive the price down even more, then just do a mass rebuy at a discount. This is the most likely scenario IMO.
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@i8myapl, true! There are reports that they are colluding with the Bank of Japan to buy cheap Crypto
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We seem to be holding my support level. Hopefully the bears don't push us below it.
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