IvanLabrie
Short

LTCUSD: Downtrend detected

BTCE:LTCUSD   Litecoin / Dollar
736 10 16
Litecoin has a daily downtrend signal present, which might evolve into a larger decline if it crosses under the highest volume node on chart.

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Ivan Labrie
Trade active
Order cancelled: We have a buy signal today in BTCUSD.
LTCUSD might follow suit or go sideways.
I'm surprised its still above 3 dollars. Need a heavy sell off in btc to push thru ltc support.
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It won't take long.
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You expecting 2 dollars to be the bottom? Be a good buy position. or you see it going back to 1.5 area?
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There's low liquidity in LTC, BTC has already started to fall.
Now, we have to determine if this isn't a fakeout to stop weak longs.
I'm short for the time being but risk free.
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MrKalash IvanLabrie
Hmm, might have been a fakeout.
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We have a buy signal today in BTCUSD.
LTCUSD might follow suit or go sideways.
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Galvin IvanLabrie
Targetting around 4.1 bfx if btc continues to trend up. This was around how high it went on the original ltc breakout from 3 dollars.
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Galvin Galvin
4.1 may still hit if btc keeps making new highs. Hard to say. Unless I'm way off on targetting 4.1.
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I wouldn't know, there's big resistance above. It's falling like a house of cards now.
Better get out I think.
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Somebody on BTC-E is buying up a ton of coins in 63 coin lots.
+1 Reply
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