I've been watching LTC all night and have scene numerous occasions where it reacted overly bullish. Now that we've broken from our pitchfork channel, I'm changing my projection of LTC to skip the .382 and go straight for the .286 at $226. Then falling back to .5 to compete the structure. My reasoning is because tonight LTC dipped hard and fast to .618, checked it then bounce back to .5, almost like it was in a rush to check off all the boxes of retracement, but it did all this inside the channel, so it doesn't count towards the greater structure. I'd also add that the new high of $232 should have been $228 by FIB extension, so we're already bullishly over buying this coin. This action in turn explains the big bump at the .286 level instead of .382
I bought in tonight at $215 (.618). Considered selling at $221 (.382) and buying back at $208 (.786), but based on the stats I listed above, I'd rather just hold my good buy and sleep in peace tonight. With LTC, always play on the offensive side of the coin.
If you're looking for a good buy in opportunity consider $217 (.5) before rolling the dice on $208 (.786)
I bought in tonight at $215 (.618). Considered selling at $221 (.382) and buying back at $208 (.786), but based on the stats I listed above, I'd rather just hold my good buy and sleep in peace tonight. With LTC, always play on the offensive side of the coin.
If you're looking for a good buy in opportunity consider $217 (.5) before rolling the dice on $208 (.786)
Komen:
Wow, LTC reacted even more bullish then expect going all the way to 0 and back to .382 Basically what I said above up even another step. Also an important chart to watch is LTCBTC, I believe BTC has taken over control now for the next week. See my chart