#Litecoin #LTC is headed back to $60 USD with #Bitcoin Gold Fork

29 Eyl 2017

Litecoin is looking bullish to reach past $60 mark again when the market spiked ($62) after the crash to $36 with the closure of the Chinese exchanges. Bitcoin is stabilizing above $4000 USD with the upcoming friendly fork of Bitcoin Gold -0.30% so Litecoin is looking to hold above $50. Look to swing trade between $52 and $56. First wave of Chinese exchanges are closing this weekend so I am looking to increase my positions. BTCCNY only accounts for 2% of trading volume now so I am not expecting for it to drop below $50, but I am prepared to increase my long term position if it does. Market looks bullish for steady climb with good price action -2.97% . I have purchased Litecoins below $46 before the pump to $98 and have sold all of it during at $60 and $72 resistance levels. I have been scalping trading it as it was coming down and made gains on it by buying at $65 and selling at $78 ($82 was resistance level before crash). I got stuck with some positions purchased at $60, but been steadily picking up around $50 and double downed at $46 - $48 for long term hold. I sold the LTC purchased at $60 and $50 range at $52 before it dropped below $46. I have now re-entered the Litecoin market to make some gains to increase my BTC position to get more of the free BTG. Sorry for not publishing this earlier as I had only uploaded to Twitter.

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