A really vague line drawing of where I'm expecting things to go. Two possibilities. Either we bounce off the floor and head right up, or we break through the floor and get eaten by whales as we re-emerge onto the same upward trajectory.
As I've said before, Litecoin is too low for me to sell at this point. Too risky to try to make profit with a sell->rebuy and get caught with fewer coins when we go back up.
As usual, I've got buy orders all the way down. We still haven't broken through the long-term floor. If we do, it will fall sharp and whales will keep it afloat. I don't see this realistically falling < $38 unless bitcoin tanks big time, which could happen when the markets reopen and people shuffle their BTC back into Alts--one of those rebalances will be $LTC so we'll see how tightly LTC is coupled with BTC on the LTC/BTC chart (which is also deliciously low at this point).
New exchange coming in Oct, with revenue share for coin holders: wcex.co/?ref=eT3Hup...
As I've said before, Litecoin is too low for me to sell at this point. Too risky to try to make profit with a sell->rebuy and get caught with fewer coins when we go back up.
As usual, I've got buy orders all the way down. We still haven't broken through the long-term floor. If we do, it will fall sharp and whales will keep it afloat. I don't see this realistically falling < $38 unless bitcoin tanks big time, which could happen when the markets reopen and people shuffle their BTC back into Alts--one of those rebalances will be $LTC so we'll see how tightly LTC is coupled with BTC on the LTC/BTC chart (which is also deliciously low at this point).
New exchange coming in Oct, with revenue share for coin holders: wcex.co/?ref=eT3Hup...