hoschnok
Panjang

LTC outperforming BTC

BITSTAMP:LTCUSD   Litecoin / Dollar
4827 9 24
Apart from the TA

With coinbase being the top #1 app on iphone and new people coming in, the price of LTC keeps rising. While technology wise there is not much of an advantage, the price has a big psychological influence. Accessibility is the highest, because of coinbase. This is why LTC currently has advantage over better technologies like Dash. I would like to remind you, that there is a lot of FOMO going on right now and people are greedy as fuck. They will go for whichever coin gives the most return. If only 10% of BTC             marketcap would flow into LTC, wthis would result in several hundred percentage price increase.

Technical

We see that LTC bounced from 160 Level to 0.5 FIB. We went under the EMA and RSI cooled down. Currently we are overextended on both these indicators. Next psychological barrier is 200 and same retrace would bounce to last ATH             at 160. From there we enter our long until 240 (+50%) with stop loss at 130 (-20%) which is a nice 1:2.5 trade opportunity.
Komen: Created Orders at 170/165/160 so the average is within the buy zone.
Komen: resistance crushed. I will increase buy orders accordingly to 0.5 FIB currently at the 30 EMA at 170/175/180$. As you can tell from the description I am bullish on LTC and am looking for an entry. Nevertheless it is really overbought right now.
Perdagangan ditutup secara manual: No correction whatsoever. This is FOMO-Land. 50% in one day is just too overextended. Getting in right now involves a lot of risk. Looking for other opportunities.
Jeez
Balas
how long for drop what u think?
Balas
hoschnok tutanhamon888
@tutanhamon888, hard to say with all the fomo going on. I am watching from the sidelane at the moment. waiting for better opportunities.
Balas
Following. Interested in a entry aswell.
Balas
resistance broke, yeah
Balas
ArthurOliveira ArthurOliveira
@ArthurOliveira, Without retracing, what now?
Balas
hi @hoschnok. thanks for the ta. how do you divide the moving orders of 170/165/160 if you have 100 usd. 35/35/30? thanks
Balas
nice job!
Balas
Couldn't agree with more, my friend. Thanks for this. Keep it up!
Balas
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