Looks like a quick Sell High/Buy Low opportunity while LTC finds support.
If you were to sell 100 LTC at 0.0208 BTC/LTC you would net 2.0748 BTC after fees
If you set a buy back at 0.020275 BTC per LTC you will net 2 free LTC from this trade, or 2% profit
It looks to me that this trend should continue until we reach the price point of yesterdays resistance ($57.5 USD), at that point it could shoot either up or down ( im guessing it will go to $65 USD next cuz LTC demand is going way up!!!)
You could also buy in now at 0.01989 (100 LTC for 1.99397150 BTC ) and then set your sell at 0.0208 ( yields 2.0748 BTC) for a quicker 3.5% profit from the trade
Happy Trading!!
UPDATE 1
LTC price looks to have temporarily bottomed at 0.01963 BTC, just under the bottom line i drew on the chart above, could be heading up now, changed my sell point to 0.020875 BTC, im going to go to bed now and hopefully when I wake up the price is less than 0.02087 and my coins have sold and i have 2.08228125 BTC in my bittres wallet!!!
Cheers, will update this post or make a part deuce in the AM!!
Oh yeah
Trading is fun when it comes to profit
Happy trading
Happy steeming @orangeshasta
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Thanks for sharing actual trades; seems like no one likes to do that
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yea, i plan on posting my trades as they happen or before hand, i've been killing it lately and figured why not spread the wealth. I have a shiftpay card linked to my LTC card on Coinbase so a lot of the trades are going to be LTC related, but will broadcast most trades even if not LTC related.
I also mine LTC
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thanks for following, i made a great call yesterday right before it hit $57, make sure to read my posts and lmk how it works for you!!!
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Nice trading tips. I will try with some small quantity.
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id say trade with at least 10 LTC, its a nice round number you can use to measure your gains, and its large enough that you'd make 0.2 LTC on the trade, anything smaller and the gains don't really outweigh the risks imho
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This post received a 1.9% upvote from @randowhale thanks to @orangeshasta! For more information, click here!
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