Coin Telegraph
GOOD EVENING STEEMIT!
What a day to be a Litecoin holder!
$100 Litecoin!
...Well $98 Litecoin.
...And for just a second.
...But we'll leave those in subscript because $100 LITECOIN sounds too good not to say.
As a trader, I do find the psychological aspect of a round number amazing. Human beings like round numbers and take notice of them in markets as a result. There is no greater example of this phenomenon than how the price of Litecoin reacted to the $100 level.
Well if you're a follower of mine either here or over on Twitter, you'd know I've been bullish Litecoin for a while now. I just hope you managed to catch the train as it was leaving. You had plenty of opportunity!
Let's take a look at the charts, starting with the daily below:
LTC/USD Daily
If you weren't a crpyto believer then you'd be forgiven for looking at that Litecoin daily chart and calling it a bubble haha!
But with price already pulling back $20 or so, we don't have to call it a bubble because we're seeing a healthy pullback here.
Don't be upset with this pullback, smile :)
LTC/USD 15 Minute
As for the intraday chart, if it wasn't a Saturday and I was actually on the ball, this was a nice short.
Higher time frame resistance holds at the $100 and then here are 2 entries as price pulls back to short term previous support turned resistance.
Crypto offering textbook technical trading setups once again.
I just know that gramps is up there looking down on us, proud as punch.
We bought Litecoin gramps. We bought that Litecoin.
Peace!
Related @forexbrokr CHART ART Blogs
CHART ART: LAST CALL FOR LITECOIN ON PLATFORM 1. ALL ABOARD!
Instagram: @forexbrokr
Website: www.forexbrokr.com
I do see the pullback today as a good sign. What do you believe is driving this new surge in litecoin price? From what i have seen it looks to be more USD entering the litecoin arena than bitcoin, that makes wonder is are people buy litecoin as crypto intro training wheels because its cheap and therefore realitivly low risk at lower investment amounts? Or are there some other factors at play here?
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Two factors - lightning network test completed and China considering banning new ICOs as protection against fraud. Next level please. Keep working Charlie.
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First off, thank you for your reply, where are you getting your info, how do you track things like china ico regulation and network testing. I ask because im new to crypto and still developing my data sources? Thanks
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China is banning new ICO's
Go to boxmining account here or on YouTube, he has a great break in it his last few videos
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Check this out!
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The key is to connect with crypto experts. Twitter/Steem searches help. As soon as any significant news hits, they will tweet/steem about it. How you interpret that news is down to time spent in the game. Follow Charlie Lee on social networks. Follow Crypto Hedge. Bitmeister. These guys know their stuff. You can never absorb enough opinions so subscribe to lots of Bitcoin/Altcoin news channels. Charlie Lee is an essential watch as he often talks about news to come and how that will impact the market or the 'use value' of such news. Understanding how the vision is coming together is essential. Researching many opinions makes one better informed. Hope you enjoy your research and your Crypto experience.
https://www.youtube.com/channel/UCJkRmbRv5sk9sTL1kZYeUnA
https://www.youtube.com/user/BaltimoreHourly
https://steemit.com/@bitcoinmeister
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China has banned all ICO's
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Thanks for the vids and chat @ygriffiny and @geneeverett.
Quality comment content is a nice change from the spam I usually deal with :)
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Not anymore
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Healthy pullback ;)
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Bit let's keep in mind litecoin is not the future of cryptos. It's not as safe as bitcoin. Honestly this was a clear pump in Korea
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But it's faster and easier to use as a currency.
There is a place for Litecoin alongside Bitcoin, there is no question.
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Agreed!
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Crappp! Unbelievable rally man... You got my vote plus a resteem ;]
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Thanks mate. Hope you got on board for some of it!
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THE LITES, THE LITES..................I can see THE LITES, KaBOOM !!!
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Head toward the Lite!
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It`s almost like Bitcoin but faster. I like it and I am optimistic it will increase more :)
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Litecoin is not a viable option to replace bitcoin
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It's not about replacing bitcoin. They can coexist.
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Maybe.
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This is one advantage :)
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Have you seen what is coming for litecoin? Check the litecoin roadmap, it is getting very exciting so yes I do believe we are breaking the $100 mark this year and maybe even the $150
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I have, and I share your excitement!
Always trying to manage my expectations, but I'm definitely holding my investment coins while continuing to trade around these levels on margin.
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I am one of those still studying while watching my friends buy yachts, lol Still, so much to learn.Just found you and I am now following you to study
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How are they buying yachts ? Cashing out ? They will regret selling
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Sorry, only a play of words, meaning the are getting wealthy. They move money often and ride many waves. they are day traders.
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Thank you mate, I hope you can get some value from my stream.
As a day trader, I just focus on finding a higher time frame level and then trading around that. Always the same pattern.
Keep it simple stupid :)
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perfectly said, my friend
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The lite coin rocketing up while its fork the flashcoin is going down.
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Forks stink...
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Its going down now, at $77
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Yeah, the big psychological level was always going to see profit takers step in.
All just a healthy pullback for mine.
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Indeed - was an awesome day... $116 at one point.
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It never hit $116.00 do u mean in Canadian dollars ?
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Whoops - yes in Canadian Dollars.
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Haha I have these weird confusing conversations with friends in Australia where I talk in terms of USD because I'm a chartist and they talk in terms of AUD.
I understand where you're coming from ;)
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On what exchange? Bithumb?
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Coinbase
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I am confused. When was this, it only went up to 98.28
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Maybe they mean Canadian $ ? Haha was never that level in usd
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Yeah I only saw the same price as @ashaman.
Well it doesn't really matter now we've pulled back :) (healthily)
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yeah i really like litecoin. always have, i love it for fast transfers for a start but this price jump, even better! ;)
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It's got some serious potential to become the go to crypto for fast, easy payments.
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Still a newbie to the coin world but you write about it like a story teller not boring with figures. And that meme is cool. Nice one
@arizonawise
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Cheers mate!
Why does making money have to be boring? ;)
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When they fill the whole post with figures and chat. Hope to start trading soon
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Excellent to hear.
Send me a DM to @forexbrokr on Twitter and I'll give you a hand getting set up if you need.
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Ok..
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Forex broker? So you went in crypto platform? :D I think it's more productive for brokers, cuz changes in currency are too high
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A market is a market ;)
If it's moving, I'll trade it!
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Lol, sold analysis and humor my friend! Had just been holding my LTC strong since the spring. After this rip, will keep an eye open to add on the pullback. Low 60's area on the daily (if we get that far).
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I don't want to get down there, but that is a juicy level to be adding to our holdings if we do.
This pullback just looks healthy. After hitting that psych level, it was always going to see some profit taking.
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Yeah, profit taking once touching that level was basically a given :-)
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I can't wait to see the Litecoin rally that will happen after this pullback! I bet we will pass the $100 mark by next weekend or so!
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Maybe not that quickly. Let's just let markets take the breather that they need for now :)
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✅✅✅ Upvoted 👌👌👌
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You upvoted your comment saying you upvoted me...
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Good post
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Sure.
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Good points in this article. Thanks for bringing this to our attention. I do believe most coins are currently overrated. But the future lies in blockchain. An interesting website I found: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. See: https://www.coincheckup.com/coins/Litecoin#analysis To see the: Litecoin Research report
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Now this is some quality spam...
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Jog on x2.
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