LastBattle

Potential second breakout for Litecoin..

BTCE:LTCUSD   Litecoin / Dollar
We had a potential breakout for Litecoin previously, with a retracement of less than 20%. We should have another rally above $7.4 but was failed due to the declining BTC price causing a sell pressure on LTC.
As of now needs to overcome this falling channel before it can breakout above $7 to $7.1 again.

* StochRSI is swinging to the bullish side.
* Relative Momentum Index is picking up
* RSI is bullish

Good chance that we 'might' see it within the next few hours since we are pretty close to the $6.805 support* unless that breaks too.
Closed a few short position on BTCe.... gathering some at 6.2 - 6.35 for the dead cat bounce back.
Reduced my losses at BTCChina by 30% now...

now, fingers crossed and wait *** :)
Reply
LastBattle PRO LastBattle
LOL... totally got out of LTC now via stop loss.
Its going to 5ish..
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HerSerenity LastBattle
It's already been there, got some coins for 32.xx (gotta check again what average was). Probably gonna be despair-sold down to 31 then up.. hopefully huh.
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HerSerenity HerSerenity
835.135 LTC at 33.1552, call me wolf of okcoin!
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snapshot


Still holding...
+1 Reply
HerSerenity LastBattle
If 3 double bottoms don't help the fourth won't do the job either :P especially with BTC dropping and the LTCBTC cycle still having 2 days to go (down?).
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LastBattle PRO HerSerenity
Yeah... LTC is strongly tied to BTC.
If it goes below 6.7 I will probably do a stop loss already...
+1 Reply
LastBattle PRO HerSerenity
Lol crap, this panic is happening way too sudden without any negative. I can hardly sell 8k LTC in BTCChina with this orderbook without dumping it below 30 CNY.

I'm holding back from selling now... panic buy in a few hours.
+1 Reply
HerSerenity LastBattle
Right now last resort at 41.20: cycle lines for LTC and BTC positive, 2 outer Schiffs reached, bottom of downtrend channel.. only a madman would stop here :D
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LastBattle PRO HerSerenity
snapshot


Nice, we bounced off the bottom support.
I'll keep looking out for this one :)
+1 Reply
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