LiteCoin (LTC) Mid-Day Update: Like BTC; LTC Return is Beating Apple, AMZN, Tesla & Nvidia and will Continue to do so!!
SUMMARY
Does this very healthy and nice and pleasant correction have you down? Do you feel blue? DON'T!
A $100k in BTC put in during 2011 would now be $3.7 Bil. What do you think it'll be in 5 more years? We are getting a near lifetime buying opportunity being handed to us on a platter and the fear, the panic, the sell, sell, sell mentality is suffocating....but a very good indicator for me to use in that the bottom is near!
Here is Litecoin (LTC/USD) showing the bigger picture of waves and pattern. Are we near the bottom? Hmm, we should be. IF this is a WXYXZ wave, the Z is the last remaining and so close to the apex too!
A closer up showing the myriad of subwaves. So many abc markings! Should the bottom be near? I believe the bottom is close. For this, the bottom support line MUST HOLD! Any decisive breach of the bottom line triggers a new count. Even if the bottom line is breached, is it the end of the world? NO! Would I still buy below it? I'd cast my ladders.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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This selloff has been painful all the way around. Litecoin has been my go-to coin for transactions. Much preferred over Bitcoin. Sad to see it pull back so hard.
25 @ $275
60 @ $225
112 @ $178
175 @ $140
Only one last ladder buy to hit;
500 LTC @ $100
I wish I had so much cash to invest ... Good laddering though.
You will have much if you invest in LTC now.
It's killing me to sell off lots of stocks that are down by 50% to buy my crypto's before the worlds Greatest Wealth Gain Ever!
The next 3 years is unbelievable to imagine how high Crypto's go.
$25,000 LTC by end of 2018
You've invested some cash dude !
I am prepared to buy another 1000 LTC @ $50 if it drops that low?
I see corrections as blessings.
dang thats a rough ladder at 275......
Not so bad because of my ladder down buying with increased amounts.
Cost average is $174.25
Bad day today every hour lost 200usd
I feel for you. I look at the chart free falling and still some people buy in! they must have a big gut but I feel sorry for newbies who believed things will turn ok soon and invested their hard earned money. The hearing on USTD on 4th of Feb might turn out to be another blood bath. it could seriously push BTC to below 5K... so let's be careful everyone.
Whats happening on 4th of feb...please?
Keep cash just in case ... and HODL, will go up anyway before june.
might be better off on the sidelines until this crap clears
Clif High is all about Litecoin too. Litecoin will be pumped from all angles.
Coinbase+any other exchanges. Charlie Lee. A plethora of other communities and marketplaces using LTC.
TA doesn't always result in outcome, but trends are good to analyze.
Clif High: Litecoin 1/5 of bitcoin and useful for smart contracts. Clif High uses a linguistic data to forecast. Very different approach but complimentary, imo.
I do not understand how everyone think this is a bad day. It is an opportunity day! We just jump back in the past and we can correct our mistakes. Do not hesitate to use this opportunity!
Exactly, when you are looking at a chart and thinking "I wish i could have bought that down there" , this is a time machine that lets you do that!
that was definitely a learning experience and I myself am suffering from too much FOMO about a month ago. BUT I have learned a lot since and I'm planning to learn more. Damn you Ripple ! ;)
Well, the people who bought LTC at $300 a few weeks ago and have no more cash are feeling pretty crappy right now, as half their investment has disappeared. I understand it should go back up, but those people could have twice as much now, and that is killing them!
Still better than the people that bought SPR at 2.8 xD
Damn dude! Ouch!
;)
yep... same with RDD.. bought in 2.2 after haejin's up prediction. but anyway such is life. let's take this black humour and have some laughing time. it will make the day better at least and hopefully coins bounce up soon.
I feel really bad for newcomers to this market. The corrections have to happen. How else will we learn that crypto is not get rich quick scheme.
Believing in this new technology is the key to success:)
guess anything is better than a Bitconnect or something like that.
yea dude we are using the shit version of a time machine right now.
Don't complain when the cryptomarket starts picking up in a couple months and you didn't buy the dip.
Reminds me of one of my favorite jokes. "I'm a time traveler! I travel one second, per second. And, only in the forward direction." :)
Anyone hodling? I know I am!
hodling and BTFD here on the east coast!!!
The hodl force is strong in this one!
Kudos for calling it bearish at 11k. You hit the mark saying the bearish trend would continue to below 9k. If it bottoms out around this price you would have hit your call.
Double bounce at 11k?
Hodl or buy more if you guys have fiat to spend. 👌🏾👌🏾
Loving the optimism! Feeling the pain....