LTC looking good on the USD pair, not so much on the BTC pairing. Making higher lows, halvening happens in about 6 hours. Think we should see growth here from the USD pair. If BTC nukes LTC will probably follow. So be careful. Looks good to me though to clear 100+, depending on what Bitcoin does. Also should be a nice long term HODL if you prefer.
Disclaimer: I am not a financial advisor, and this is not financial advise
Trade closed manually
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Exited trade above $97, BTC showing uncertainty. May swing a lower entry for LTC. If this post reaches 10 likes I will update with my re-entry
I think we will see a major dump on the halving.. Buy on the rumor sell on the news. Buy zones 75-85.. , then will consolidate and price action could if tops the 50ma, move around 101, then 105.
peakindicator
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@trademaster1969, dump already happened, look at the history of halvings.. But ya I will also consider scalping above $100
trademaster1969
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@peakindicator, yeah the history is hype before halving, flat, dump on halving day and nice upside after consolidation.
trademaster1969
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@peakindicator, still looking.... a blister pop of 5% today meh, LTC is falling bearish in a descending triangle sub 70s.
peakindicator
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@trademaster1969, all depends on what BTC does ... Made a nice little profit on that scalp yesterday, but ya I'm back in USD waiting for better entry right now
trademaster1969
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@peakindicator, all depends on the API lame fomenting that is done to BTC by bots via API which alters the price action up or down. Basically, there is about 60 BTC per exchange split between the buy and sell side which hold the price in either direction and make the charts as they want them. All computer-generated until regulated.
peakindicator
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@trademaster1969, I believe it... Probably CW and his minions lol