LitecoinShort
LTC More of the same
Updated
Honestly it is a scary time. I am in an all FIAT position at this point.
If you notice by my chart, it looks like we are about to have a death cross of the 55 and 100 EMA. Yes, everyone is saying the same thing, doom. But here is the reality, this is a market where one can get in for a long term position. Just imagine having 1000 FIAT to buy LTC at $100, $80 or $50.
I am happy with whatever direction LTC takes because I know, long term, I will get my investment back and then some.
Remember, I am not a professional, and you manage your own risk.
If you notice by my chart, it looks like we are about to have a death cross of the 55 and 100 EMA. Yes, everyone is saying the same thing, doom. But here is the reality, this is a market where one can get in for a long term position. Just imagine having 1000 FIAT to buy LTC at $100, $80 or $50.
I am happy with whatever direction LTC takes because I know, long term, I will get my investment back and then some.
Remember, I am not a professional, and you manage your own risk.
Note
On the 4HR there is bullish divergence on the RSI and Volume. I have been shorting but seeing this tells me something is afoot. Seem to be consolidating for a push some way.Note
The 55 and 100 EMA have crossed. Now, I know that we are experiencing some nice movement but we need to get all the way to the 180-175 mark. Lots of resistance along the way and BTC has to perform also. I got in on the 110 mark with the intent of just playing some swings but it has luckily been much more! My stop loss is 120 USD so I am pretty comfortable to let this move play out.Regardless of where it goes you can make FIAT or LTC at any level!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.