justsomeguy
做多

LTC: Keep calm and hold

COINBASE:LTCUSD   莱特币/美元
Everyone seems to be freaking out about how LTC isn't rising in parity with BTC             . Quite frankly? If you're interested in fiat value then that concern massively premature.

This is the triangle I drew 6 days ago. Looks like we're still within the expected bounds. LTC may drop again -- potentially all the way down to 52.80 -- but if it does then it'll come back up until we break out of the pattern. That might be in a few days, or it might be in a few weeks. Either way, we'll see resolution by November 4th.

Suggested trades (do so at your own risk):
Stop loss: $49. If it breaks this watch out.
Buy 1: $53.50
Buy 2: $52.75
Sell 1: If we bounce off of $63.15 (intersection of trend line and middle of channel) then temporarily sell at $62 and rebuy a few bucks lower.
Sell 2: If we break $63.15 and hold over it then next resistance is at $64.50
Sell 3: If we break $64.50 and hold the next stop is around $74.
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