I'm reminded of Scottie on Start Trek, always saying 'She's going to blow!', and Captain Kirk saying, "Hold, Scottie, Hold!".
Hi all, I'm new here and appreciating all the contributions I see. Can't comment until I contribute, but have a question rather than answers.
So, with Asian scares (Korea and China), I am wondering if the expected jump in LTC will happen now, or if it will drop below a threshold that will have LTC running with new resistance lines for a while?
I'm in a holding pattern, but if I want to buy with the little cash I have left, is now a good time or is the drop still happening?
i think we are seeing a dead cat bounce right now, i expect 180 to hold for a little while late tonight (EST) and then when korea and china wake up, it will sell off again down to at least 150ish, possibly dropping down to even the $110 mark. Thats when the flood of bulls will file in, and we will see a moderate spring, I dont take the approach that everyone says that it will Moon and run back up to ATH. I think that's a long way away unless we see some big news come out. I think for now we may see it come back to $180 from the bottom, then quickly back to $200. i dont know...it's based on other analysts on here i have found to be reliable and wise.
cprime
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@cprime, and my current buy limit order is set for $155, we will see if it gets there. im now very stingy with LTC. I've lost on several trades as i have either let FUD and FOMO take over like a loser. Now, Im not getting burned anymore. I like LTC long term and feel like it really could be a currency, unlike BTC (even as a store of value).
Baj1
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@cprime, $155... hope not to see it so low, I'll probably have bought by then.
cprime
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@Baj1, no sweat. you will still make out long term this is an incredible opportunity!!!
Artesp
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Without any good news for LTC, I don't see why it will not dip to ~150 ~160 range by 12 am - 1am 1/17/18 EST. The good news would be the Amazon adoption, and that is just a rumor. The other rumor, related to the Amazon deal, is that it will happen in February. I expect BTC and LTC to hit the low resistance bottoms predicted by the experts. I was holding yesterday, but today, I said: f#* it I'll ride this correction and see if I can profit from it. Not a recommended strategy for those that bought LTC or BTC high, because you could end with less cash at hand and with no coins, if you miss the floor. In my case I'm still positive, so with cash in hand and waiting for the bottom lows is still appealing. I expect to see a mild rise during the day hours (EST) and a dip again after 10:30pm (EST). Set your candlestick view to 1 day and watch the RSI signal and volume closely, to stay away from the minute to minute drama.
Disclaimer: I'm just a regular dude sharing my views. I'm not a pro trader giving advise.
Baj1
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@Artesp, Good advice to avoid the min. to min. drama. Like @cprime I would like to think that the long hold with LTC is a safe bet as a key currency, but I also think this slide could really slow down growth unless the turn-around happens soon. Holding a bit of cash and think I'll hold a while longer. Thanks!
NickPadovani
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I'm seeing it as a LTC sale :) That's just me though haha, I ain't shit