IvanLabrie
Short

LTCUSD: Downtrend detected

BTCE:LTCUSD   Litecoin / Dollar
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.
Somebody on BTC-E is buying up a ton of coins in 63 coin lots.
+1 Reply
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.
Reply
MrKalash IvanLabrie
Hmm, might have been a fakeout.
Reply
We have a buy signal today in BTCUSD.
LTCUSD might follow suit or go sideways.
Reply
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.
Reply
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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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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