After following LTC since $2.50 it is really amazing to see how far it and crypto in general has come! To me LTC is a reflection of huge part of my growth and understanding of this scene no matter the intense conjecture that gets thrown around.
Here we have a repeating pattern along a very strong upward trend line, the next stage was marked by the initial impulse candle, this volume here is important for substantiating long positions, which i would recommend adding too once we reach the global trend line again as long as we head sideways supported by the current fib, hence stops below the trend.
Noting the life cycle of LTC from $2.50 to currently $297 is many orders of magnitude greater obviously. To me this means that accumulation at low points and long term holds of up to 6 months+ is a comfortable way to manage LTC trades. There is many opportunities with LTC in the short term also but this is just from my experience as my retrospect kills me, wishing I knew then what I know now.
All together I think LTC has an amazing future with my current longest term target set at $600 USD and ultimately beyond, if poor BCH can be a multi thousand dollar coin then (manipulation or not) then litecoin can certainly take that position ultimately as well. Trade safe and make your own solid decisions based on many different sources of information! If you find a common denominator then your on the right path! Good luck <3
Here we have a repeating pattern along a very strong upward trend line, the next stage was marked by the initial impulse candle, this volume here is important for substantiating long positions, which i would recommend adding too once we reach the global trend line again as long as we head sideways supported by the current fib, hence stops below the trend.
Noting the life cycle of LTC from $2.50 to currently $297 is many orders of magnitude greater obviously. To me this means that accumulation at low points and long term holds of up to 6 months+ is a comfortable way to manage LTC trades. There is many opportunities with LTC in the short term also but this is just from my experience as my retrospect kills me, wishing I knew then what I know now.
All together I think LTC has an amazing future with my current longest term target set at $600 USD and ultimately beyond, if poor BCH can be a multi thousand dollar coin then (manipulation or not) then litecoin can certainly take that position ultimately as well. Trade safe and make your own solid decisions based on many different sources of information! If you find a common denominator then your on the right path! Good luck <3
Trade active:
Well would you look at that! LTC don care about btc XD
Comment:
Feels like we are just chilling out rn, but ltc has held its value very well against btc the past few days. When we do head upwards I think the long term determines $420 as a high resistance area and will be moving the majority of my stack by then to once again re enter on the cool off.