Litecoin Time to Buy

POLONIEX:LTCUSDT   Litecoin / Tether USD
The market drops to SMA100 and the support zone which is formed by 55.00 and 50.00 levels. It's good correction of the previous upward movement. In spite of all indicators confirm downward movement, it's possible to buy in order to build long positions. Pending orders should be placed above 55.00 level. Stop orders can be below 47.00 level. The main thing in such trading - follow money management strategy. Don't invest all money in 1 trade. Have free money for buying on lower levels. If the market breaks below SMA100, the next support zone will be near 36.00 level.
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If I followed your advice I would have gotten stopped by the dip.

When should I sell it?
+1 Reply
@CanSanal, now, i guess
CanSanal ScipiodelCampo
@ScipiodelCampo, i'm waiting to 60 :D
going to 36. Just when you think it cant go any lower.......it will!
I'm sorry Dlavrov, but LTC gave a full bearish confirmation and should not be suggested as a buy for a long while.

Perfect opportunity to buy cheap coins, thank you China!
@jbotos, Don't forget to thank Jamie Dimon of JP Morgan as he bashed bitcoin on tv and called it a scam.
jbotos drsguy437
@drsguy437, that guy is a classic dip shit
@jbotos, Agreed but I am sure JP Morgan and Goldman are loading up on this decline as they know the next move isn't too far away. Just go on tv and "spook" the weak hands into selling for their own benefit. It's their game and they play it well.
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