elastik
Long

LTCUSD BREAKOUT?

BITSTAMP:LTCUSD   Litecoin / Dollar
Looks like we are experiencing another LTC USD breakout. I'm thinking that it goes from low $70's to low $80's on the next leg up. After that, possibly even higher to test new high. I wonder how much higher it will shoot past $99 if it does.
Sadly, we've had another weak break that got knocked down quickly. When we do resume the trip up though, we're going to hit some bag holders in the low $80s that will be tough to break through (all those people that thought they were buying a pullback from $98).
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I wonder how many people sold only to buy back on a show of strength?
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Box1515 elastik
@elastik, guilty. My brain says "NO!" but sometimes the FUDsters get in my head (even though I know better).
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elastik Box1515
@Box1515, I've made the same mistakes. I try to be more patient when buying so I can sell faster if that makes sense.
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