hey thanks for your charts & analysis.. I bought at 350$.. What would u suggest? Should I sell it off or wait? Do you think it will touch 350 in the next few days for me to break even?
TimDeleeuw
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Stop below 140? That's way too far, getting out if the double bottom at 200 fails. Then buy back at 150 with stop loss under 140 support.
jkw
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@TimDeleeuw, You think it'll still fall that hard?
TimDeleeuw
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@jkw, no, just anticipating with moving stop losses, you never know. Still consider LTC coupled with BTC. If BTC tests 9000 in jan 2018 (trendline since nov 2017), LTC will test 150. Could be wrong tho.
VasilyTrader
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@TimDeleeuw, I would have 105 for stop to hedge position as mush as I can
jkw
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What do you think the bottom will be? Where we are at now $240? or do you think you could have another dip before consolidating support?? Thanks :)
VasilyTrader
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@jkw, for now 150 looks like our final low
However, I think that Asian markets will add volumes so we can probably see 110-120