20x short Litecoin with 90% of my net worth
Almost all-in on this bet. 90% of my net worth is currently in a 20x short litecoin position (includes extra margin to move the margin call down). Originally opened this position at $10,98 and kept adding to it the more hopeless and manipulative Litecoin became. My average open is at $10,15, so I am currently already in massive profit.
However, I expect this to go sub $7 soon. The litecoin rally is obviously dead. Sentiment is gone, segwit signaling went down, and the anti-segwit group is, despite being small, very powerful.
I do not see any reason for LTC to continue to go up. Most of the manipulative players already dumped at the top, and there is no way the current downtrend can or will be reversed. This Litecoin rally lasted only one week, making it the shortest in this dying coin's history. I expect the next rally to be in 2019, when LTC halves again.
The dump is going to be epic.
However, I expect this to go sub $7 soon. The litecoin rally is obviously dead. Sentiment is gone, segwit signaling went down, and the anti-segwit group is, despite being small, very powerful.
I do not see any reason for LTC to continue to go up. Most of the manipulative players already dumped at the top, and there is no way the current downtrend can or will be reversed. This Litecoin rally lasted only one week, making it the shortest in this dying coin's history. I expect the next rally to be in 2019, when LTC halves again.
The dump is going to be epic.
To everyone from in my trading club, which is 1 person beside me, CONGRATULATIONS. You followed my advice to go almost all in, 20x long, and made a lot of money. You are hereby also removed from the trading club.
The fee for entrance to the trading club has ten folded. Anyone wishing to enter now, the one-time fee is 250 LTC.
Good luck trading all!