At least, during the next 2 weeks. We are holding longs, and looking to add to profit from the longer term uptrend in this pair. Litecoin has many interesting features currently, and is poised to rally to $223 within the next few months. I plan on holding and adding on dips when viable, to further maximize profit potential of the trend.
Best of luck,
Ivan Labrie.
手動結束交易
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To be safe I am closing all crypto trades. I don't mind if I'm wrong but I feel this is the top in the whole cryptocurrency space for a while. I will reasess to reenter when safe, for now, sitting in a big pile o' cash. See you around folks.
@danirosen80, hey Dan. I started buying back gradually. There's a Target at $223 too, let's see if we get it ;)
Saludos
svensko
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@IvanLabrie, thank you. Your 70 USD target makes sense to me. But how did you get to the 223 USD target?
IvanLabrie
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@svensko, quarterly charts from btce data. Ltcbtc*btcusd
awhussain21
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@IvanLabrie, Interested to hear what you expect to happen next, it seems we are in limbo with LTC holding steady in the £35 area..
Im hearing that we could see a rise to £43 mark then for it to drop again before it raises back up to the £70 mark.
IvanLabrie
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@awhussain21, it already rallied, it can drop very soon, too many bulls...they might have to be shaken out before moving higher. Too many people lured by Bitstamp adding it now, together with fear of BTC apparent risks.
My guess is we will see a 'sell the news' event after Stamp adds it.
toylo
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Hey when you sell, which coin are you holding? usdt?
IvanLabrie
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@toylo, I cash out to other investments, and hold some cash at exchanges.
toylo
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@IvanLabrie, do you think its bad to hold usdt? if so why?
IvanLabrie
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@toylo, I am not entirely sure, but it seems alright as any other exchange would. So, risk whatever you feel comfortable risking at say kraken or poloniex, with them.