if ltc breaks the 200ma AND bitcoin dose not dump but only goes up or sideways then i see no reason for the price to not go to 60usd, historically a concise break above the 200ma has always resulted in a pump to or just bellow the top logarithmic resistance line.
ltc has also recently been outpacing btc by a large margin, and with news of a LTC testnet launch for the privacy update, with the full release as little as 3 months away, which would make LTC compete with monero, Moneros price has been exploding with it increasing 100% in the last 6 months i suspect because major dark net markets only accept monero now, now if litecoin's (which is available on every exchange) privacy update works maybe major dark net markets start accepting it more then there will be natural demand meaning people buying at very high prices like with monero. overall getting a bank loan and buying litecoins then holding has never looked so promising.
ltc has also recently been outpacing btc by a large margin, and with news of a LTC testnet launch for the privacy update, with the full release as little as 3 months away, which would make LTC compete with monero, Moneros price has been exploding with it increasing 100% in the last 6 months i suspect because major dark net markets only accept monero now, now if litecoin's (which is available on every exchange) privacy update works maybe major dark net markets start accepting it more then there will be natural demand meaning people buying at very high prices like with monero. overall getting a bank loan and buying litecoins then holding has never looked so promising.
Comment:
i sold now thursday, at $56.35 +77.44% profits. probably will see $60 but i play it safe.
Comment:
i sold at the exact local high to the pennys. i am happy with a 2% sale and put in another traid, low leverage.
Comment:
sold again for 14.2% increase.