Here's the chart for Litecoin. I've been watching this intensely now that I'm holding a 65 of them. I was mildly relieved when we passed out of the lower resistance line, pretty glad when we got out of the higher resistance line. Very pleased now that we're zooming up. I'm hoping this is a leading indicator for the some of the other major coins.
BTC
Sorry that my chart is a little busy. I think we did an impulse up out of the bottom at 6k. We hit the resistance line and crashed back to 7800. We went back to the resistance line, and crashed back one more time to the support. Now we're at the far right side of the neck line, which is an easier place to breach. Nature finds a way. So, I imagine many whales are waiting with anxiety for this to resolve too. Looks like 12-24 more hours and we could have our answer. Based on LTC exploding I'm a little more confidant that we are seeing the first of a major rebounding impulse. It just looks shitty and weak because BTC had two major resistance lines close by that were surpressing it down.
The head and shoulders still isn't confirmed so if you like sleeping at night then you may not want to invest until BTC goes back up to 8100 or more and stays above the neckline for 4-24hrs. If you're a little loco you could toss in now and gamble that the true recovery has started and we're not going down one more lower low.
My bet that I already made is that 2 days from now BTC goes nearly vertical and bounce off the upper projections around 10600.
ETH
Eth holders are in roughly the same bag as the BTC folks. We're out of the first resistance line, we're out of the second, but still haven't resolved the head and shoulders. Again, folks are gonna sleep better if they toss money in after price exceeds the neckline of the head and shoulders and stays there for 4-24hrs before investing. It took LTC a few days to pop even after it cleared so you may not miss the chance for the pop while also not risking a fortune betting before a confirmation.
Taken together
This market seems to move as a big machine together. Money comes in and sloshes back and forth between the alts and the mains. It's hard to just look at one coin and figure out what the market is going to do. When I look I think there's a solid chance we're like a recently divorced person... time to rebound!!! LTC gives me hope that I made the right call buying when I did. Hopefully it pans out well for others that cash in over the next few days and here's hoping we're not in for another lower low.
Due Diligence
Lots of people put out price stuff these days. Hard not to when the it's clearly a path to success on Steem. I recently added in a lot of cash from a 401k so I'm watching this stuff like a hawk mostly to ensure I don't lose it and wake up dead from my wife. Anyway, make your own financial decisions and keep this as one data point for your own due diligence.
I pity the fool that takes my inexperienced ramblings at trading as solid investor advice.
Today was Litecoin's Valentine's Day present to me! It really does love me!!!
As the main coins rise, so will steem and SBD which is what I'm hoping happens moreso than an increase in BTC or Litecoin. I hope for your sake that you're right on Litecoin because that is a lot to have in it if it happens to drop more. Good luck my dude!
Fingers-crossed that everything will rise!
pump? did You read news? https://coinnews.zd.fr/let-there-be-lite-litecoin-game-changer-litepay-to-be-released-february-26/
I believe that moves in LTC could be due to litecoin cash hard fork. I haven’t read much about this but it makes sense for existing crypto money to flow into a coin with an up and co big hardfork, just for the ‘free’ money!
Right now Zclassic is pumping, check it out, they are ramping up before the Bitcoin Private hard fork
Litepay annouced, this is why.
I remember making a post for lovejuice in the past and it was entirely lucrative.. Not sure how many goes I have at it, but I'm going to submit something again soon.
This is very promising indeed.
I hope LTC will go above $250 and BTC to more than $14k very soon.
Ltc is still going up. I need to go change my underwear now...
nice bitcoin post my steemit friend
Nice information, i hope LTC keep Mooning . Follow @forster202 .
Nice1
I'm hearing a Litecoin Cash is expected soon!! Have you heard this?
Thanks for sharing this great information I appreciate crypto.. carry on..
I think taxing crypto only when you sell back into fiat has a problem, which is many people don't cash out into fiat. I can just leave it as USD or USDT or any currency on an Exchange, I can even privately sell my bitcoin into cash or goods and services. This negates taxes from BOTH parties which isn't fair to a normal tax payer.
In Australia, everyone with an income should pay tax, otherwise they can claim income benefits for people who don't make much money or make none. It isn't fair on normal tax payers to be supporting people with income but aren't taxed on it. Plus, tax helps keep the country running.
However, taxing crypto while you're buying/selling is dumb considering the volatility of crypto. This just isn't practical nor fair, as it benefits hodlers and fucks with day traders.
I think the best way is to be taxed when you BUY crypto into fiat AND taxed when you sell crypto back into fiat. This may be unpopular but I think it gets rid of all the problems I mentioned above.
Taxation is theft. Governments are corrupt. Giving them anything or encouraging money to go through them at all is a bad idea. Complaining there isn't enough taxes is absurd. I should be able to transact with you without the threat of someone else saying "give me a piece of that transaction or go to jail."
You are absolutely right @aggroed
I think we are headed up slowly, gaining traction now thanks for your thoughts
Let's hope litecoin keeps going up. I have one of those. That's all I have beside steem.
are you larping in that photo?
Yes, pretty much. It was one of my outfits for when I was in the Society for Creative Anachronism.
This post has received gratitude of 11.23 % from @appreciator thanks to: @aggroed.
Yep never put it all in one basket.
My Steem basket is looking a little full!!!
Hope there is a huge pump
the moonlit night is very attaktive moment..it looks beutifull..nice potograpi..
See how LTC looks like on newbium. It would have been pretty easy to pickup if I would have been on my computer when that happened but I just got back from the gym.
http://newbium.com/
See how LTC looks like on newbium. It would have been pretty easy to pickup if I would have been on my computer when that happened but I just got back from the gym.
http://newbium.com/
read it..(about Litepay) https://cryptodaily.co.uk/2018/02/lets-look-at-litecoins-litepay/
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Volume has jumped like 200% over the last hour with the rise. That seems like a good thing to me. @aggroed
I know that Litecoin is getting ready to take off! With the release of Litepay scheduled on February 26 and Litepal which could rival PayPal itself, Litecoin is going to be on the rise, Litecoin has already risen from 160$ (Feb 13, 2018) to 183$ (Feb 14, 2018), and I hope it will keep on rising (Since it's the game of cryptos, nothing can be sure of). On the long run, LiteCoin LTC wll hit, maybe ~500$ by mid Q2 in my opinion.
thanks for info man, anyway.. i vote you as my witness!!
Excelente articulo!!!, considerando este punto de vista a mi parecer el BTC estará operando de forma lateral esta semana en el rango 8000$- 9000$ en resistencia, estare al pendiente del desarrollo del precio en estas 24h y comparto lo observado
Good work..
Hi
Follow us and vote for witnesses for @mrs.roy or send 0.001SBD with post link in mamo we give you #upvote and #resteem your post to get more upvotes.
Even with experienced ramblings I still hold some skepticism, as many different sources from New York Times to Forbes predict different outcomes for each crypto currency.
I think litecoin is surely going to go up and up with a great deal.And about BTC I'm not sure about BTC, and yeah about taxation, I think there should be no taxation on crypto. Aren't the other taxes on property etc enough, the fucking governments are trying to steal money on behalf of the taxes and filling their own bellies with our money. It's so unfortunate that we can do nothing about it. @aggroed
I am a holder of LTC also....I have somewhere around 70 tokens also.
I am glad to see the breakout. Overall, I am a big believer in Charlie Lee. Even though he sold out, I believe his intentions are pure. Hopefully, we see follow through in the pricing action. It sure has been a rough couple of months.
I actually think BTC will run fairly soon. I am not sure how things are progressing with the lightning network but I think that could really give that token a shot in the arm.
In general, I see tokens going up from here...we might sideways trade for a while but the worst is over...we are not going to see another big leg down.
I think so too. But who knows. BTC could bounce off, but some of the other coins are making it look less likely.
I would say it all depends on your holding pattern whether long term or short term.
The rebound cycle is getting ready to start for the crypto world.
Excellent post. It does look like uptrend from here :)
i guess, money is flowing into cryptos nowadays.
Litepay will be officially announce this month. The pump is cause by FOMO virus in my opinion. I hope LTC will pump to a new ATH.
Not so! Marvel at the wisdom of Dr. Aggroed and his masterful financial advice, no mater how speculative it may be. @ironshield
Hi dear.. Good analysis.. I think all crypties will go up soon.. Hope i ll get some of them one day
65, nice bag. HODL on my fellow foot soldier.
Thanks for the overview and info.
Holding tight now for 6 straight hours of healthy trade activity. I'd enjoy seeing a little more volume but it will come. A rise and hold above 9,100 BTC will be encouraging.
Good call on the LTC!
All cryptos are looking very bullish in the near term. Bitcoin will follow ltc. However, I would expect litecoin to take the lead on this run.
Check at LTC/BTC and you will see a clear bull flag already confirmed pointing out to a +400% target.
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Everything is pumping now! I am excited!
LTC is pumping because of some positive news around the market and I believe in coming days it will be impactful for LTC.
I'm glad to see it going back up :-)
Interesting article! Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!
Boom, Litecoin breakout! and all is good in the world again. Good to hear you’re also pretty deep in a position.
Haha I love that you’re more scared of what your wife will do to you, than actually losing money 😂. They don’t say haply wife, happy life for nothing!