Litecoin trade. LTC to $24

[guy_wonderful]

LTC SHORT
Looks like LTC wants to go bit down in price.

Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22


SIMPLE FX prices.

[Coffee2015]

It seems that 24usd is too much.
LTC may go lower within coming days but I dont think it will that low

[guy_wonderful]

I'm still ready to short at any time.
at evening will analyze market more.

[nasqar]

I am not sure if LTC may go lower that much.
I am planning to buy more if it s falling, I rather found it quite no significant proce movement.
It moved 1 usd higher, not really sure if it ll jump, waiting for more clue

[zoose]

Interesting theory, I'll have to keep an eye on that and check in with you if it does drop.

[guy_wonderful]

Reaching lvl

[guy_wonderful]

bitcoin could also fall a lot. quite risky to hold both. if you still hold bitcoin, at 3870 where it's last bastion before moving to , techicaly, 1700-1800, (i would hold all above ,and dropped under 3870.)

[guy_wonderful]

LTC SHORT
Looks like LTC wants to go bit down in price.

Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22


SIMPLE FX prices.

Approaching the levels.
Probably, will be able to short market soon. Important levels haven't changed. It's still important to break those lvls. (green square)

[pereira4]

LTC SHORT
Looks like LTC wants to go bit down in price.

Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22


SIMPLE FX prices.

Approaching the levels.
Probably, will be able to short market soon. Important levels haven't changed. It's still important to break those lvls. (green square)

Good call. Other traders on tradinvview agree with the short. Im not shorting because I generally never short (crypto markets are too crazy, anything can change and you can lose a lot of money) but if everything goes as normal it should keep going lower.

The only good fundamentals I see for LTC right now is the testing of atomic swaps with other coins, not sure if that can generate enough bull pressure to stop this.

[BTCmax24]

It's worth noting that the sharp recovery from last Friday's low of $33.56 ran out of steam around the downward sloping 50-SMA, where prices have now formed a lower high.

The relative strength index (RSI) remains bearish. The rally from $33.56 lacked substance/buying pressure, as suggested by the decline in the average true range (ATR) – a volatility indicator that reveals the degree of interest or disinterest in a move.

A bearish reversal with an increase in ATR shows strong selling pressure. The ATR is showing signs of life, which means the sell-off in litecoin could gather pace.

The price chart also shows a bearish crossover (short-term moving average cuts long-term moving average from above) between 50-SMA and 200-SMA.

View

Litecoin is likely to test 200-SMA support of $33.52 in the short-run.

[bazar111]

Never suppose it to a perspective coin

[guy_wonderful]

Looks like worst time comes for litecoin

[Raul Lopez]

When would be a good moment to buy? Thank you

[saidlik]

When would be a good moment to buy? Thank you

I would wait for a little correction. I would guess around 200 dollars. IF you want it easyier...just wait until BTC bull run ends and then buy litecoin.

[Tstar]

Looks like worst time comes for litecoin

Do you really think that LTC will go under 180?
I already made few profitable trades in last 24 hours, selling at 18mBTC, buying at 14.2mBTC and selling at 15.3mBTC. But now I'm just waiting.

[guy_wonderful]

I cannot find any good reason why to invest into lite but just highly pumped shitcoin in my opinion.
real price could be about 10-15 bucks per one. Everything higher - too expensive.

[Ch1bi]

I'm no expert, but i highly doubt Litecoin is going to $24. Sure the price is dropping some from it's high, but when was the last time you've seen Litecoin that cheap?

[btctube]

I cannot find any good reason why to invest into lite but just highly pumped shitcoin in my opinion.
real price could be about 10-15 bucks per one. Everything higher - too expensive.

I can understand you want it drop though, just imagine how much it had grown in just weeks and if you haven't rise that train, its definitely a good reason to beg everyone to drop it so you can jump in. You can buy at $250 if it goes that low. $250 is a good entry price, shut up if you want to show how grateful you are.

[Bessta]

I dont think ltc would drop that low either. It will stabilizest $200 is my guess right now  and $24 will not likely to happen.

[guy_wonderful]

I cannot find any good reason why to invest into lite but just highly pumped shitcoin in my opinion.
real price could be about 10-15 bucks per one. Everything higher - too expensive.

I can understand you want it drop though, just imagine how much it had grown in just weeks and if you haven't rise that train, its definitely a good reason to beg everyone to drop it so you can jump in. You can buy at $250 if it goes that low. $250 is a good entry price, shut up if you want to show how grateful you are.

Please tell the reason why to buy it.

Reality is that there is no such that reason at all.
therefore drop for 70% even 80 % in a period of a day is very real.
Therefore, I stay away from this shitacoinita. It is good coin to go short though.