Hello traders, Here I have checked the 4H chart The price has had a correction move, after a long time peaceful, I predicted in my previous analysis and we got the price action!
this coin is becoming exhausting lmao, with everyone saying that it'll start moving up soon but it just doesnt. I won't sell no matter what but theres just so much false hope
Timothie_Roggers
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@zhraan, I know, I wouldnt describe it as exhausting because it is certainly going to do us proud in the long run. it is definitely boring however, but nobody invests in LTC for a rollercoaster.
cprime
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@zhraan, i agree. ive held out hope because i like the coin, but while ive been holding out for it...other alts have rose to prominance that I also like and will likely shift over to....right after the moonshot everyone is predicting with LTC. ha! (I'm ultimately looking for $345-$360 range for my real TP range. )
cctwb61
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@cprime, Is that just a price you picked or do you have any indication that it could head that way sooner than later?
cprime
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@cctwb61, Just based on predictions on here and my own charts i've privately worked up...but I am *in no means* someone to give advice on trading it. been in crypto since september #totalNoob
xleratehighlander
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@zhraan, You know with a long break in between, there is usually a very big rise. I don't mind waiting for this ancient coin. Usually waves that are so close to each other give you a much smaller gain. The period in between is very long so the gain should be around the 400ish to 500 levels... Remember, don't hold after that, sell sell sell, the 300's will be the new norm...
@AntiqueSoul, I have no doubt 1000 but not on the next rise, but it may be possible by the end of the year after two more rise and fall.
I'm betting on 400ish to sell and maybe rebuy back in around 300ish levels.
cctwb61
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@xleratehighlander, I have about an average price of 270.00 right now. With this dip (hopefully thats what is) would you buy now?
xleratehighlander
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@cctwb61, I think it is due for a rise very soon, but if falls below 220, it will dive down to the last support line which is 160... 160 is from December... If it falls below 220 wait until it lands around 160 - 180 to buy... Although 220 is a good price to buy if that line doesn't break.. Just keep your eyes peeled.
Also set up ladder buying. Never dump all your money into one point of buy: Let me explain
Say you want to buy 10 litecoin (Ladder buying)
1) buy 4 litecoin at current level,
2) buy 2 more litecoin at 275
3) Buy 2 more litecoin at 310 (295 is the last resistant) so 310 means it is sling shot toward 400
4) Buy 2 more at 180 price level
Set this in your limit buy so it can be automatic.
This way you have a safety net at 180 but you will catch everything going up if it takes off, if it doesn't you don't have to worry about buying it all at 260 level and see it drop because really you only spend 4 coins... This is the smarter way to buy, the ladder method.