The Daily Show: LTC (D)
Updated
Long time no see. Honestly, LTC confused the heck out of me. It dropped to the 141.10. This did not surprise me , but the price action after that confused me a little and made me think it would drop to the 130's. Well it did not.
At this point in time it does not look like this is the moon. I do think it is the start of some massive move later.
I personally think playing the lower time-frames is risky. You can definitely lose some of your LTC or USD.
I am still of the mindset that more upside is in the future, but just how much? I think the 160's is highly likely. With my dream being the 180's.
Overall, I am not sure if the bottom is truly in yet for LTC. We might need another dip down to get the markets back in sync. If I do see the dip occurring I will have my plan laid out to maximize my return as we may not see these lows again.
At this point in time it does not look like this is the moon. I do think it is the start of some massive move later.
I personally think playing the lower time-frames is risky. You can definitely lose some of your LTC or USD.
I am still of the mindset that more upside is in the future, but just how much? I think the 160's is highly likely. With my dream being the 180's.
Overall, I am not sure if the bottom is truly in yet for LTC. We might need another dip down to get the markets back in sync. If I do see the dip occurring I will have my plan laid out to maximize my return as we may not see these lows again.
Note
Well, now it is a decision time. I do not want the dip to happen in the 160's. I would rather it go to 180+ (would love 200) and then we retrace to the 120's and thus making the 3rd lower higher.But just a caveat crypto loves to give and loves to taketh away.... We could still see it drop sub 100.... and great lamentation will occur. But from this a new bull market will begin and lambo tricycles for everyone!!!
Note
Well it made its decision. I was stopped out at 144 so now I am waiting to see if it to the 137-127 area.
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