We start to see bullish signals in altcoins now, lagging $BTCUSD's advance, which confirmed a long term trend during July/August.
Upside here is very good, and reward to risk is like 22 to 1. That said, I much prefer $Bitcoin exposure personally, given the fundamentals of $LTC being inferior in my opinion. That said, altcoins can have sharp moves, where they briefly outperform $BTCUSD, so it is of paramount importance to watch the $LTCBTC ratio for a signal to buy (or sell) to ride these moves when viable.
If you're an $LTC investor, hodl, cause it will go a lot higher. Probably peaking before $BTCUSD, if I had to guess...But at least likely to not go down until $BTCUSD tops by 1st half of 2022.
Cheers,
Ivan Labrie.
Upside here is very good, and reward to risk is like 22 to 1. That said, I much prefer $Bitcoin exposure personally, given the fundamentals of $LTC being inferior in my opinion. That said, altcoins can have sharp moves, where they briefly outperform $BTCUSD, so it is of paramount importance to watch the $LTCBTC ratio for a signal to buy (or sell) to ride these moves when viable.
If you're an $LTC investor, hodl, cause it will go a lot higher. Probably peaking before $BTCUSD, if I had to guess...But at least likely to not go down until $BTCUSD tops by 1st half of 2022.
Cheers,
Ivan Labrie.
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This dip is a long term buy opportunity. Last: 71.89
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So far so good.
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On track, $365 next, shortly...then can hit $535.
Long term target is doable certainly, perhaps much sooner than the estimated time.
Long term target is doable certainly, perhaps much sooner than the estimated time.
Trade closed manually:
Targets hit short term but looks like this one topped prematurely.
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