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!
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