My View of LTC
Updated
This is my view of Litecoin. From what I see it has been for the most part trading in an upward channel, I could see this continuing over the next couple of months,
giving traders buying opportunities near the lower trend line and selling opportunities near the upper trend line. I have not really been trading Litecoin, I am in it more for the long-term (min. 1 to 2 years) so
I mostly just buy on any dips, I did, however, sell a large portion of my position when LTC spiked up over $90 and have been rebuilding my position ever since.
giving traders buying opportunities near the lower trend line and selling opportunities near the upper trend line. I have not really been trading Litecoin, I am in it more for the long-term (min. 1 to 2 years) so
I mostly just buy on any dips, I did, however, sell a large portion of my position when LTC spiked up over $90 and have been rebuilding my position ever since.
Note
Litecoin is now testing the upper trendline, the next 24 to 48 hours will tell if it breaks out or fails and drops back into the channel.
Note
Litecoin has now broken out of the channel with power. Time will tell if it is up, up and away from here or if LTC will at some point return to the channel.
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