Long term view:
*snip*
Support 250$, resistance 285-310 & 355-365
EDIT: It can go down to 245, stoploss 244$ - the whale is out, embrace...
The whale was already out a few hours ago. But the moment the insane OKCoin pump began, the buywalls were back - creating a strong visual support for the rise. Don't pay too much attention to the order book. It is the failed pumps since last summer that makes me sceptical - I want to see 320 to be convinced, TBTP agrees with this too with another PoV. |
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Long term view:  Support 250$, resistance 285-310 & 355-365 EDIT: It can go down to 245, stoploss 244$ - the whale is out, embrace... |
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Crazy day! LTC support (5$) holds for now. BTC support 272$, major support 252$  |
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Regarding Litecoin, now we see what the term "the halving is already priced in" really means.
When is the halving date? |
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Slug breakout   |
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Insane LTC rally. I will enter now a small position and all in if we break 12-12.5. My target is 400 and maybe 2000... BTCe:  Bitfinex:  TPTB I will answer you when I drink some coffee  |
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LTC resistance at 7.5$ seems to work so far
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Interesting thread. I'm not much for chart analysis, but something tells me that Bitcoin is about to make a big move, and if you are too impatient right now, you might get suckered into a big LTC pump and dump in the meantime. We'll see I guess.
It is EXTREMELY risky to trade LTC now, I agree. I will enter for a scalp at 7.5 up to 10-12. But if it goes 12.5 I will go all fuckin in with a stoploss always 3 boxes below the current top (live PnF) Klee, you see now? That's why I asked to observe LTC. IF I'm right, it seems BTC will shortly follow... Let's see!  I watch many alts with PnF, especially xmr, xrp, str & nxt - I plan to offer a service and that's why I don't want to give everything in this thread (there are a lot of details I am not sharing here guys, I hope you understand) but as a use case for people to understand PnF, LTC is perfect. So I will cover it too! |
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The popping of the Chinese stock market bubble, should be serving as a great example of what can happen with bubbles to all Chinese investors. For that matter, it should be influencing investors around the world as bubble popping stories are commonplace.
I think most of the LTC investors (in amount of money invested, not in number) know that it is a bubble and are consciously gambling.
Yeah, always use stoploss with this shit... |
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LTC Past $7 (in Yuan at least). End of bubble is near.
I expected the crash to happen yesterday, but It wouldn't surprise me if it even goes up today and even tomorrow. Maybe it won't happen soon. Maybe a big part of BTC whales are fed up with BTC's centralisation and are pouring a shitload of funds, switching to LTC... Thats something that could be true. There are so many reasons that could be behind the LTC Spike that it's hard to predict what the real reason is. Halving, better Risk Reward for Chinese FOMO (easier to double from 5 to 10 than 500 to 1000), BTC laundering, etc Yes indeed, putting it like that does make investing in LTC more attractive then BTC. Interesting thread. I'm not much for chart analysis, but something tells me that Bitcoin is about to make a big move, and if you are too impatient right now, you might get suckered into a big LTC pump and dump in the meantime. We'll see I guess.
It is EXTREMELY risky to trade LTC now, I agree. I will enter for a scalp at 7.5 up to 10-12. But if it goes 12.5 I will go all fuckin in with a stoploss always 3 boxes below the current top (live PnF) |
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Interesting thread. I'm not much for chart analysis, but something tells me that Bitcoin is about to make a big move, and if you are too impatient right now, you might get suckered into a big LTC pump and dump in the meantime. We'll see I guess.
It is EXTREMELY risky to trade LTC now, I agree. I will enter for a scalp at 7.5 up to 10-12. But if it goes 12.5 I will go all fuckin in with a stoploss always 3 boxes below the current top (live PnF) |
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LTC Past $7 (in Yuan at least). End of bubble is near.
I expected the crash to happen yesterday, but It wouldn't surprise me if it even goes up today and even tomorrow. Maybe it won't happen soon. Maybe a big part of BTC whales are fed up with BTC's centralisation and are pouring a shitload of funds, switching to LTC... Thats something that could be true. There are so many reasons that could be behind the LTC Spike that it's hard to predict what the real reason is. Halving, better Risk Reward for Chinese FOMO (easier to double from 5 to 10 than 500 to 1000), BTC laundering, etc |
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BTCe cleared some resistances too:  Seems we gonna test 10-12. Cmon BTC you fuckin slug! |
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LTC Past $7 (in Yuan at least). End of bubble is near.
I expected the crash to happen yesterday, but It wouldn't surprise me if it even goes up today and even tomorrow. Maybe it won't happen soon. Maybe a big part of BTC whales are fed up with BTC's centralisation and are pouring a shitload of funds, switching to LTC... |
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First resistance block broken at Bitfinex!  BTCe is pushing:  |
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