Everyone seems to be freaking out about how LTC isn't rising in parity with BTC. Quite frankly? If you're interested in fiat value then that concern massively premature.
This is the triangle I drew 6 days ago. Looks like we're still within the expected bounds. LTC may drop again -- potentially all the way down to 52.80 -- but if it does then it'll come back up until we break out of the pattern. That might be in a few days, or it might be in a few weeks. Either way, we'll see resolution by November 4th.
Suggested trades (do so at your own risk):
Stop loss: $49. If it breaks this watch out.
Buy 1: $53.50
Buy 2: $52.75
Sell 1: If we bounce off of $63.15 (intersection of trend line and middle of channel) then temporarily sell at $62 and rebuy a few bucks lower.
Sell 2: If we break $63.15 and hold over it then next resistance is at $64.50
Sell 3: If we break $64.50 and hold the next stop is around $74.
This is the triangle I drew 6 days ago. Looks like we're still within the expected bounds. LTC may drop again -- potentially all the way down to 52.80 -- but if it does then it'll come back up until we break out of the pattern. That might be in a few days, or it might be in a few weeks. Either way, we'll see resolution by November 4th.
Suggested trades (do so at your own risk):
Stop loss: $49. If it breaks this watch out.
Buy 1: $53.50
Buy 2: $52.75
Sell 1: If we bounce off of $63.15 (intersection of trend line and middle of channel) then temporarily sell at $62 and rebuy a few bucks lower.
Sell 2: If we break $63.15 and hold over it then next resistance is at $64.50
Sell 3: If we break $64.50 and hold the next stop is around $74.