Hope everybody is doing fine. Litecoin is not offering us currently a trading opportunity but we are still looking for more upside. If the market gives us a good structure in the orange arrow we will be buying the pullback. But as of for right now, we don’t like trading it. (DON’T TRY SELLING THE MARKET) The market is still long and we favor only the long side.
I don't think LTC has enough juice for any upward movement right now. It seems to be following the same pattern lately. Shoot up ~$3, come down ~$2. A few weeks later it repeats. Still one of my fav coins though for its relative stability.
secrets2trade
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@guppy_, Hey, yes we are also expecting a short term decline in the orange arrow before the next potential move higher.