Bee_a_Trader

I've been accumulating LTC since $52, and now I see this. :)

Long
BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Note: This is not any financial advice, and I urge you all to DYOR before taking financial decisions.
If you are a risk averse person, but still think you want to put money, go with an amount you are absolutely okay to lose.



I'll keep this post extremely short...

Litecoin made an impulsive move up after the Paypal news got announced. I kind of FOMOed in around 50-54, and averaged around 52.
Kept buying every dip and now I think it is really paying off :)

This monthly (/weekly zoomed out) pattern looks like a textbook style Adam and Eve double bottom pattern. you may see steep corrections on smaller timeframes, so it's better to look at the bigger picture and utilize those dips as buying opportunities in a bull market.

A close above 140 on the High Time Frame (HTF), at least on the weekly will be a confirmatory buy signal.

For me, I'll keep on buying in small quantities

See you in 2021 ;)

Comments

LTC looks Promising! I got in around the same time! The 50s - low 60s. Love the chart!! Keep up the great work!
+3 Reply
nice catch
+2 Reply
@max69, Agree!
+1 Reply
I kept my purchases small as i dont know how to do the taxes anymore.
+1 Reply
Appreciate it..!
+1 Reply
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