Litecoin -- Strong Buy

Litecoin is a very strong buy at these levels.

I have been watching for a while to see if it will go lower and break support and it hasn't.

Now that we have also approached 0.01 BTC, we are at a global support level on the LTCBTC pair.

Also, it had 3 pushes downwards, and it is now consolidating and making a decision, and I can't really picture a 4th downward push.

I did predict a drop to low 50s, but I am not seeing that now.

Bitcoin is also struggling to break 50% dominance, which gives more clues to invest in alts now.

Good luck, my calls are a bit better than 50% if you see my previous history. I could still be wrong though.

Not financial advice!

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Hello, I am not interested in losing money or others to lose money based on my calls, this idea is risky but I bought some here and am holding.

The candle went through the trend line after posting this, so I am not as confident as I was, but I will still hold. I scaled in here for a long position.

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Hmm, fighting at support trend line.

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That previous picture is from a different chart where the TL is different:

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I posted this idea at 76.6, I'll try to come up with a figure to abandon ship if things don't work out.

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The idea on when to sell at a loss. If it goes to 68 support and bounces back to 72 and gets rejected again, might be a good idea to throw this away.

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Hmm..

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Trade closed: stop reached

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Looking back, this was a pretty stupid call, if I was bearish on Ethereum, surely LTC would drop with it though. Well, entry at 76, it is now about 60. I am holding onto the 76 buys.

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I am currently down 20 * 20 from 76 to 56. I am a bit biased on LTC maybe because I am very long term bullish on this.

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Hope this gets back to 76 so anyone who took my advice breaks even. GL all.