LTC outperforming BTC

BITSTAMP:LTCUSD   Litecoin / Dollar
Dilihat 4828 kali
4828 9
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.


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.
Dagangan 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.
how long for drop what u think?
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.
Following. Interested in a entry aswell.
resistance broke, yeah
ArthurOliveira ArthurOliveira
@ArthurOliveira, Without retracing, what now?
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
nice job!
Couldn't agree with more, my friend. Thanks for this. Keep it up!
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