Litecoin bounce has completed, one of the top performing coins in my portfolio in the last 24 hours. I just bought another 50% more for my portfolio from coinbase and holding in Litecoin for the night. Let's get these rallies started!
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On track. Bullish flag breakout completed. Elevator doors are closed.
Trade geschlossen: Stop wurde erreicht
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Well that broke off.. thanks bitcoin!
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I decided to re-up on this one. I took my funds from BTC and from NEO and put those into LTC, along with my LTC from yesterday. The drop off wasn't that bad, and BTC actually fell more than LTC during the last 24 hours.
Recalculated on the 4h chart and I see the following target, just under $200.
The reason is because I see the 4h chart shows a bullish flag and we are likely just completing this flag. Monday morning could bring good or bad news, but Litepay is on the way this week, so I'm holding Litecoin.
I'll also say that I've rarely held litecoin more than a few hours since 2013/2014 when I lost a significant amount of funds from Litecoin. Back then it went from about $30 to $3 and I've pretty much sworn off Litecoin since then. However, I see good things happening with it lately, so my confidence is restored and I'm willing to take the risk on this one. I'm hoping to see +30% within the week, but would be nice to see within the next 2-3 days.
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No where is safe.. except maybe the declining USD.. or the risky USDT.. hmm...
LTC won`t move without BTC... You better watch BTC...
Ramco35
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Almost 19 hours..Followers do you still believe his targets:)) Still do not see past analysis? You all still wait and loose your coins if you believe this gey..
Tin.Foil
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@Ramozotti5069, then why are you following me? Just a troll or you actually know I'm right.
i8myapl
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What's a good re-entry point?
Tin.Foil
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@i8myapl, yesterday? Or you mean after we top out at $200?
i8myapl
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@tin.Foil, No, I mean if I want to get in, buy some coins... Wait a little for a drop, or go in now?
i8myapl
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Elevator doors are closed? Does that mean we're going up from here?
UnknownUnicorn995432
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SEC and CFTC hearing is tomorrow buddy.
Now is not the time to take risks. LTC moves with BTC. USDT and Bitfinex issues are not to be taken lightly.
Tin.Foil
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@doctorkesh, I hear you.. What do you suggest? HODL? Hold what? Declining USD? Avoid USDT as that may fall apart tomorrow. Avoid Bitfinex (thankfully I've stayed away from them)?
UnknownUnicorn995432
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@tin.Foil, buddy, that's the issue which i mentioned in another post somewhere else. All exchanges which are handling USDT are at risk.
Bittrex is hence introducing USD pairs. Polo and Binance will be affected as well.
The reason why big exchanges avoided trading directly with USD pairs was because they would have had to abide by financial regulation laws. They could do two things 1. Stop serving US customers (like Bitfinex) or 2. use USDT and remove USD pairs.
Now if USDT falls, which I think may not happen considering this market crash may have resulted in very high trading volumes over the past two months, bitfinex should have sold their holdings and also would have made a lot of money via commission since the 6th of December to 'balance is books'; but let's say if it falls, then prices will go down at other exchanges where USDT is not being sold. An arb will be created as a result... people will move away from USDT and try to buy the fastest moving cryptos to get their money out of the exchange... now '"withdrawal limits'' come into play. Movement will not be easy either at that time.
This is of course all theoretical. It might not happen at all.
People who have been in this market would have anticipated this risk, would have moved out to other exchanges by now. I know as I did. Currently on GDAX and Bitstmap.