COMMENT
The volume started picking up since may and the price made only a slightly higher low compared to the last years all time low (ofc if we ignore the #whatafak candle), which makes me think there is near to no downwards potential.
Easier to show what I expect in the comming few weeks then to write about it:
Expecting some good resistance at the 0.0077-0.008 levels and a test before it breaks and goes higher.
IMHO LTC is a coin with a perspective future. It is at the top of the marketcap for a very long time holding in there strong.
An good investment for the future in my opinion.
RE: $LTC/BTC Poloniex Technical Analysis Sept 09, 2016.
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$LTC/BTC Poloniex Technical Analysis Sept 09, 2016.
Great analysis mate. I'm half tempted to grab a little bit to hodl , I haven't touched litecoin for aages now but I miss the little chikun .
Heres my chart for litecoin 1w on polo - added a few indicators like bbands, stoch rsi, momentum and pivots.
linky
I've included a potential position if we assume an eventual pump back to the pivot point / resistance and put a stop loss at the bottom of the bands.
This works out to risk/reward ratio of 9.48 , a potential loss of 15% or a potential gain of 155%
Niice.
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I am expecting a rise in LTC as soon as CoinBase announces its official integration.
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