Litecoin is goin’ up, and many people are ecstatic. Congratulations to all LTC holders on realizing gains on your investment. I know with how this coin dumps during downswings that it hasn’t been easy. To those who had strong hands, you earned your money.
I believe that when investing, fundamentals are everything. You start with a bed of fundamentals and then technicals are the next step.
When day trading, fundamentals matter pretty much not at all. It's all about what's going up and what's going down, and people chase these gains to various degrees of success (or lack thereof).
So, which path to follow comes down to whether or not you’re here to play the pump and dodge the dump, or here to invest in Litecoin.
Right now, the pump is starting to look over extended and it may have some pull back in store for it. That being said, it does look like it has room to move upwards and we may see a visit to the top of the yearly channel, and perhaps even beyond.
Check out Yours (in my signature) for more.
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This is a key level in the trade structure, but has come very quickly.
Update #1 to trade structure on Yours (In my signature)
Update #2 on Yours. Starting to wonder if we've run out of momentum before $200.
Happy trading Litecoin friends!
$235+ or death... hmmm...
Looks like there's more room to go, but it's a bit of a dangerous situation.
Is generally not bullish. I am anticipating a dump. That being said, it's been very bullish and I am a relatively cautious trader.
I feel stoch and momentum are showing reversal, and immediate price action is also a small double top.
I prefer to take profit and manage risk more tightly. But there are various approaches that count as good.
Taking profit is required here though, in my opinion.
Right now it's looking like it may stall out here.
Be weary of retracements.
This extended period over 300, in my experience, is often whales keeping the price up so that they can use time to form their inventory sells and their short sells.
That being said, bulls gonna bull and it may merely retrace. Again, I warn that Litecoin is a coin that's often subject to violent corrections.
It's also due for pullback.
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No offense to LTC enthusiasts but it's pumping because of Finex and Coinbase and Charlie Lee is just a complete cockroach.
It's evidenced in what you say too.
Maybe a children's books, since you posts are full of pictures and fantasy stories allready.