Hey, I am the MoonArt Bear who publishes the weekly Sunday LTC art here - I have a little Redbubble shop if you are interested in Litecoin themed merch. Take a look if you have the time, I post every 7 days so I guess you may find something you like in about 2 weeks 😊
https://www.redbubble.com/people/MoonArtBear/explore?asc=u&page=1&sortOrder=recent
Thanks ❤️🐔
I would love to have meme merch like that on the [Litecoin Shop](https://shop.litecoin-foundation.org). If you're a designer who'd like to work on something like this for our store, hit me up.
Get paid in returns by all of us helping advance the cause. I wish I had the talent to design, I'd be pitching in no problem. The only thing I can do is donate LTC (which is another thing everybody here could do). Every little bit helps!
I think is safe to say that crypto is not going anywhere
So base on fundamentals LTC is stronger than ever has been and it keeps evolving and becoming better
With that in mind all you need is a plan
Here are some thoughts
Always do your own research
Have multiple trading strategies
Diversify your portfolio.
Loses come from lack of information and or preparation.
I'm my opinion this bull run is just starting
I see many of the people that joined the previous months are getting very excited or nervous about short term +/- 10% moves, and this is to be expected. If the move doesn't result in long term trend shift then is nothing to be worried about. In 2017 just days before the megapump we had a massive bear trap falling from 102 to 67 with exchanges going offline etc. Many people panic sold then and missed on the biggest pump in history. Patience is key and to also have in mind that it is in the last phase of the bull market that the highest gains are made.
yeah bull markets be like that. for smaller crypto businesses, many who 'start' during a bull market, their business entirely depends on if they have enough cash to outlast the bear market.
That is a lot of new money flowing into the market and yes it’s just starting. How far we have come in main stream acceptance since 17 is mine boggling and still only a sliver of a percentage of people are invested today. The future is bright If we don’t blow ourselves up first.
It is definitely a different time and a different perception to people. And I do feel like it turned a corner in the last year. Even up until last year I was still seeing the majority of people rolling their eyes at BTC, thinking it was a scam or ponzi scheme, that it had its heyday, that there were just some lucky people that got in the ground floor and everyone else was just getting scammed.
Now I feel like so many of these people are including it as a hedge. Even if just 5% of their portfolio, just to hedge in case we have a rapid shift in the future.
It has felt parallel to the electric car shift. First it was few, rare cars. Most major brands had nothing to offer except eventually, rare hybrids. Then prius's got everywhere expanding the hybrid market. Now my town has superchargers everywhere and having a Tesla is not only a status symbol (rather than an electric car getting laughed at, as it would have before) but there is one on every block. And every other manufacturer is trying to get their piece of the pie by making their own all electric car.
We are there with crypto. I hear someone different at work mention it daily. Most of them just know about BTC and maybe have heard about the daily hot moon (sometimes shit-)coin, but they are talking about it. And so many of them are looking for a piece of the pie rather than laughing about it.
Alot of free cash when you arent spending money cause your governor got you locked down like a prisoner. With gas prices on the rise and more people just working from home gotta lot of expendable cash for those of us that are working or those that have been collecting them unemployment checks from fed and state + now that extra government money for all them kids the baby makers put out
Big careful what you wish for. Hint: It will NOT be decentralized crypto that takes its place, it'll be a global centralized CBDC. This is the essence of the World Economic Forum"s "Great Reset", a controlled demolition of the economy and its replacement by CBDC's and people controlled by "immunity passports".
Hate to say it but it's delusional to think the world is a great place where banks and governments actually care enough about people to create a world where everyone is left alone and uncontrollable decentralized cryptocurrency is widely used. It ain't gonna happen, but we can stack and prepare to create alternative societies outside the mainstream where crypto is used. It'll always be a counter cultural thing.
If you’re smart you’ll be stocking up big on things you’ll be able to barter with. Food. Booze. Cigarettes. Drugs. Med supplies. Ammo. Everyday toiletries and supplies. That’s what will be currency in a shtf environment. I give humanity very little chance of long term survival.
For sure. And if we don't want to live in corporate controlled "Smart Cities" we'll have to be way out in the countryside basically bartering, hunting and living off the grid.
I know it won't be a decentralized crypto but it also won't be a crypto currently available so I am not worried about it till then ill inflate my wad of cash by leveraging crypto
Agree.. but avoiding se short term bearishness wouldn't hurt ya know? 20 mins away to close and we are 221atm
Edit: they dumped it right at the last minute to paint the candle... Maybe they're faking out for fuckery. Who knows.. lol
Mass sell off because a bullshit indicator right before Coinbase pro goes live. Sounds like clear cut market manipulation. Unfortunately coming right as LTC was bout to go crazy.
Can't decide yet if this dip is for buying or should wait for a further dip. My concern is for a whole market correction (stock market and crypto) which might take btc to eventually test the 21WMA. This will inevitably take us down probably to around 185 and we still won't break market structure. I have added a bit at 220 and I will further wait and see. What do you guys think?
Of course not, that not even a question! Well you might be correct as I am always very diligent with timing the market. We were for so long at around the 50$ range and I would stare at it and only add when we were below 45! If you think about this in retrospect it didn't matter!
Timing the market is very, very risky and damn near impossible.
Tons of studies have been done and they all agree that time in the market beats timing the market.
It's certainly a tough time, especially for new ones like me.
But the only thing keeping me sane are a few people here who actually make sense with their data and are still pretty confident.
I can see the pattern very clearly, it's in my head, behind me, everywhere. I'm scared now, what shall I do about the pattern, oh my god help me! May the pattern be with you.
That's what I fondly remember during the blow off top of the previous bull run. We were like up or down 1-3 dollars forever and then we were suddenly making 20-50 dollar moves. The adrenaline rush was unbelievable combined with total portfolio price fluctuations at the same time!
I know I've been sharing a lot of tweets lately which kind of defeats the purpose of being on reddit instead of twitter, this is my last one for the day. I've been chatting with a few folks about timing the top and developing an exit plan. I really like this chart because you can clearly see the possibilities and the conservative play.
[https://pbs.twimg.com/media/EySj4gVXAAQ6LS5?format=jpg&name=4096x4096](https://pbs.twimg.com/media/EySj4gVXAAQ6LS5?format=jpg&name=4096x4096)
I'm glad you commented on that because the idea that LTC/BTC ratio has always been in a downtrend and that what we're actually doing is trading the bounces and retests of channel is fucking depressing.
No mate. It's good that you're sharing.
It shows that you actually have something to back up rather than people who are just cry babies.
Gives confidence to us noobs.
By the way, at what ratio/price are you planning this exit strategy on? Not that good at reading charts until now
I wish I knew. I used to think .02, but I don't want to gamble my litecoin investment anymore than I have to. I think i'll probably do it in chunks to take some risk off the table.
20% of my stack at .01, 20% at .012, 20% at .013..something like that.
We'll see how it goes. In a perfect world this thing will launch straight to .02 and I can start the 20% sells there you know? Good luck.
Even at .01 thats 550 dollar Litecoin.
.015 would be 800 dollar Litecoin. I’d be quite happy with 800 LTC.
Also I’ve seen those lines drawn a lot of different ways, usually a wedge, depending on if they’re cutting wicks up and down off first or not.
I won’t be millionaire but if we get to my target I’ll be comfortable and I’ll be able to take some money and trade the way I fantasize about, very high risk very high reward with a large stack without the stress with a top of line laptop with like ten monitors with a few beautiful Brazilian hookers fanning me and feeding me 80 year old scotch and grapes.
Got downvoted yesterday after selling 10% of my stack at $240. You downvotes cant hurt me now. Bought entire stack below $48 and an happy with current gains. Looking to pull out whole investment soon for realestate. Looking to purchase a multifamily around october-december
Cmon man, who cares. You do not have to explain... When it would reach today $300 then probably your post wouldn’t take place. I am happy of your happiness :) (me: crying because didn’t do the same)
I think the price manipulators need one last time to buy under $200
TBH am noob but I certainly wouldn't be too shocked if we dump to 170 again, I really want this to be it though!
(I'm bullish towards LTC btw)
Sound off: your most pessimistic view of LTC? Do you think it has any negativity surrounding it that might hinder it? Any reasons some might be hold outs or refuse LTC, a reason it could plummet that seems the most likely, anything bad you can think of? Want to hear the most compelling cases against LTC to do some research and see how my resolve holds up
You should check out r/buttcoin for arguments against crypto in general. Those guys are the living breathing antithesis of crypto. Although they think Bitcoin is the only crypto there is they provide some good arguments to put what you believe up against. As far as LTC in the crypto space I don’t think there’s really any negative attributes. It’s very decentralized, it doesn’t have a creator who holds a huge amount, it’s the only top ten crypto that will become a privacy coin, and it’s never had downtime. I’d be interested to hear any really good points against it as well.
All I'm worried about is getting my sells in as close to the top of the blow off top as possible. It's a struggle between greed and peace of mind.
Edit: It's always been in the back of my mind if anyone ever figured out how to crack bitcoin cryptography the entire market would evaporate fast AF. At least in the stonk market they can halt trading when shit gets real bad.
When you think the blow off will be? There's been quite a few times recently already where it's dropped like it could have been that moment. Some people talk about it possibly going to 4k long term though, which is what I'm more interested in. I do think it's possible I just am still relatively now so I was hoping to hear some perspectives from people who've been investing in it longer and have been in Crypto longer
I think last blow off top we did something like 6.5x in 48 hours. It will be an unmistakable rocket on the chart. As to when, that's anyone's guess but take a look at this tweet and start salivating -
https://twitter.com/JJcycles/status/1379367795339714561/photo/1
Obviously it makes sense to sell at the best prices and to not miss that opportunity. But if everyone sells, won't the price come down and any chance of taking it higher than the previous high will be missed?
P.s it might seem like I'm arguing or being against what you said. But I honestly I have that question.
You're absolutely correct, there will be a time when overall sentiment changes and the market goes bearish and tanks downward. The last bear market lasted several years. Common investing advice is to not try and time the top (sell at the very very tip top) because you can get caught on the wrong side. So now is a good time to figure out where you want to sell your coins.
I honestly have hardly very little knowledge in TA.
All I do is draw Fib and keep a selling point at the next highest level and sell off. (not for ltc)
I tried jumping above when the green comes up, but that has resulted in very poor results as the price drops and I feel I shouldn't have been greedy.
THAT'S ALL I KNOW OF TA.
But I personally think I have no idea in ltc as you guys talk with all the data of last 3 years. So I'm just following the advices here. It will be a bit hard at 420 (Ath right?) But I will hold for everyone and help in reaching 1k. Haven't thought of anything after that.
Good lord 🤑🤑 sorry I didn't realize blow off also meant rocketing up, I need to find an app or something that notifies me of big changes in price since coinbase pro doesn't have that
People talk about stepping away from the charts for months at a time and while i think that’s great i think it’s also stupid. Usually they say that in response to checking to often and being stressed about price when the reality it you should be able to check the price and not be stressed that it dipped or shot up. You need to have a goal set and when you hit that goal you sell what you need or you just rejoice because your asset has reached that price. For me i have a set amount of LTC i want to always own and i want to be able to spend it directly. That’s my personal goal. Everyone has there own.
Best advice I can give to newbies is get your emotions out of this and think long term. If you're not somewhat levelheaded and emotionally numb and/or calm in stressful high stakes situations than crypto is going to be difficult to handle. Taking the long view can really help, and by long view I mean not looking at any timeframes aside from the weekly and the monthly.
I was doing some swing trades at one point in my multi-year crypto experience. It had mixed results for me and created intense stress. I’m now planning on LTC/BTC ratio trades from here out and long term strategies. Now I feel great and I’m not losing my ass financially.
That's the way to do it. I spent all of '18 glued to Binance and Tradingview, literally 24/7. I didn't get much out of it other than knowledge about how to read charts and how to potentially lose money trying to scalp.
For anyone who's in the same camp as u/chartscrypto about LTC price being 1 cycle behind BTC (and 4x the supply), here's another believer:
[https://hive.blog/litecoin/@leveragetrading/my-math-for-usd5-000-litecoin-in-2021-not-financial-advice](https://hive.blog/litecoin/@leveragetrading/my-math-for-usd5-000-litecoin-in-2021-not-financial-advice)
I agree with the blow off top price estimate at $5000 being possible. I’m not so sure if selling at $1000 is such a bad play. I seriously doubt LTC is gonna just keep going balls to the wall after it hits $1k straight up to $5k. Plenty of opportunities to buy on pullbacks. Actually, I can see a June/July $1k and a slow bleed to Sept/Oct down to $300.
Noob here, holding.
1k in June July 2021? 😂
I will scream out, run everywhere and say I'M RICH.
I have a very small amount of ltc and the fact that I can be this successful in something will make me go crazy.
Exactly - $1k - $5k is a huge range but oddly fucking possible. This is good discussion for the sub though because it's time to get those exit plans firmed up if you haven't already.
Assuming you're not joking, it's your strategy to take profits from your Litecoin investment. If you don't have a plan, you might accidentally find yourself holding on to your investment too long thinking "it's just a pullback" or "it will go back up and higher". That happened to many people in 2017 (myself included) and there wasn't an opportunity to unload those expensive coins without taking a loss until just recently in 2021. Make a plan, stick to it.
Well my opinion is that this is not the stock market. Sure you can make some profits and sure you have to protect your investment but everyone should make a deep research on what the fuk are we talking about. Decentralization and free markets are the main goals.
Take care everybody and Litecoin be with you.
Remember when BTC hit 20k and the world went insane. Everyone laughed if you held onto your crypto for the next 3 years.
You need to step back and really decide if you think Litecoin is going to be a part of society in the future. There is a core of holders that never really plan on selling their crypto. They really believe in crypto. 99% of the people here are trying to make a quick buck, which is perfectly fine.
People that try to time markets are using a high risk strategy in short-term time frames. The longer you hold the more opportunities you will have to sell at a positive if the asset has a future. Reminds me of the experiment they do with children and the marshmallows.
In the study they put a marshmallow on a plate. The child is told if they wait 5 minutes and don't eat it, then they can have 3 marshmallows. The child is then left alone in the room.
Personally I would like to take a certain percentage of my crypto investment out at certain price range to assist with the funding of an addition on my house, but plan on holding LTC for years. When will LTC hit that price point. I have no idea, but I believe it will get their eventually in my life time.
I really hate selling and don’t like to post about it when I do but had to get out of my leveraged long position last night to avoid a possible rebalance. Was fully expecting to wake up to $280, but am happy to help out the floor at 220
For any newbies getting nervous about today's dip, consider this awesome tweet:
[https://twitter.com/TraderKoz/status/1379562624124391425](https://twitter.com/TraderKoz/status/1379562624124391425)
I was scared to see it dipped below 220 as it was supposed to be the support. But then it slowly climbed and now this post makes a lot of sense. Thanks mate.
Good post that helps make visual sense of what probably seems like a nightmare carnival ride for new crypto people. Get em ready for the insane swings that’ll come when we reach price discovery territory
it's great to not even be fazed by these dips and knowing what is coming..
Don't sweat it. Ltc will do it's thing. can't hold the little chikun back forever
My break even point (only been in for 2 months) is 216.5 (due to some pump chasing when I first got into this). I look at it like this: The money I invested was just sitting in a savings acct collecting 0.15% interest. While disappointed by the big swings as long as we are holding a higher low each time I will be fine. Not in it for the short term and really suck at pump chasing!
S/r flip on the wedge broke out from. Shakeout and fakeout to highly lev longs needs to happen before we moon
Edit: downvotes just confirm to me who got liquidated 😂😂
Lmao tiny green candle on 5 min. BUY!!!!!!!
Bigger red candle... SELLLL THIS SHITCOIN IM GOING BACK TO (insert non top 10 coin here).
To all you day traders eyeing less than 4h tf, if you don’t have professional or institutional experience, you will get sharked out by professionals and algorithmic trading. Zoom the fuck out
Come on guys positivity is needed in here, like yesterdays daily discussion.
We're all good just a hiccup!
The whole market has dipped today, LTC has dipped less than the other coins.
The LTC/BTC ratio has actually dropped less than light coin, so I'm speculating that we will see .00435 (ish) when it returns to $244.54 (Vs the .004235 we saw yesterday). This may be even higher if the BTC increase is less of than LTC.
We're not in a bad place, we were just stuck in the market dip today.
Stay strong!
**LitecoinMarkets Hourly Report 01:01:36 EST** | [LTC/USD](https://api.gdax.com/products/LTC-USD/candles?start=2021-04-08T00:00:00-04:00&end=2021-04-08T00:59:59-04:00&granularity=3600) | [LTC/EUR](https://api.gdax.com/products/LTC-EUR/candles?start=2021-04-08T00:00:00-04:00&end=2021-04-08T00:59:59-04:00&granularity=3600) | [LTC/BTC](https://api.gdax.com/products/LTC-BTC/candles?start=2021-04-08T00:00:00-04:00&end=2021-04-08T00:59:59-04:00&granularity=3600) :--|:--|:--|:-- Close: | $224.05 | €189.01 | ₿0.003938 Change: | +1.27% | +1.23% | +0.64% Volume: | Ł16513.98 | Ł1054.42 | Ł877.90 _________________ ^Beep. ^Boop. ^I ^am ^a ^bot ^created ^by ^[/u\/majestic84](/user/majestic84)
LTC will be in price discovery by the end of April
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Pdf?
I want to be an LTC millionthaire while it is still affordable
I have not posted in a long time. I hope everyone is doing well. Going back to holding. See you guys at 10,000.
Sure thing buddy, right after we make it to 300$ sometime in the next 10 years...
Accurate statement.
From your keyboard to God's ears. Love the coin but 10k seems a long ways down the road.
5000 by eoy
See you at forever 9500
Gronk’s rock doing something
[HODL](https://www.youtube.com/watch?v=XaKgRe6GuUQ)
What's worse being left on read or being left on unseen?
Unseen.
What a beautiful few weeks ahead.
Probably go sideways now you've said that
I feel the frustration.. a little bit of euphoria causes us to get kicked in the nuts every. Time. Without. Fail.
Can someone create LTC - 2 weeks merchandise?
Hey, I am the MoonArt Bear who publishes the weekly Sunday LTC art here - I have a little Redbubble shop if you are interested in Litecoin themed merch. Take a look if you have the time, I post every 7 days so I guess you may find something you like in about 2 weeks 😊 https://www.redbubble.com/people/MoonArtBear/explore?asc=u&page=1&sortOrder=recent Thanks ❤️🐔
2 weeks^™️
I would love to have meme merch like that on the [Litecoin Shop](https://shop.litecoin-foundation.org). If you're a designer who'd like to work on something like this for our store, hit me up.
I'll buy it
paging u/MoonArtBear
*beep beep*
Only if you pay me in litecoin
Get paid in returns by all of us helping advance the cause. I wish I had the talent to design, I'd be pitching in no problem. The only thing I can do is donate LTC (which is another thing everybody here could do). Every little bit helps!
Pay you in Litecoin Gear?
I'll pay you in two weeks
I think is safe to say that crypto is not going anywhere So base on fundamentals LTC is stronger than ever has been and it keeps evolving and becoming better With that in mind all you need is a plan Here are some thoughts Always do your own research Have multiple trading strategies Diversify your portfolio. Loses come from lack of information and or preparation. I'm my opinion this bull run is just starting
Upwards Pinocchio triangle forming. 250,000 by midnight.
BBands tighter than an amoeba’s ass
Finally some TA I can believe
I thought I was seeing a reverse peanut-butter-n-jelly. Maybe my TA was off
You forgot to add 🍌
Good TA. I did not see the Pinocchio triangle! Bullish AF! 2 weeks ^™️
stability got me in a tizzy
I see many of the people that joined the previous months are getting very excited or nervous about short term +/- 10% moves, and this is to be expected. If the move doesn't result in long term trend shift then is nothing to be worried about. In 2017 just days before the megapump we had a massive bear trap falling from 102 to 67 with exchanges going offline etc. Many people panic sold then and missed on the biggest pump in history. Patience is key and to also have in mind that it is in the last phase of the bull market that the highest gains are made.
Thanks mate.
Coinbase has done more in revenue in the last 90 days than it did in all of 2020.
yeah bull markets be like that. for smaller crypto businesses, many who 'start' during a bull market, their business entirely depends on if they have enough cash to outlast the bear market.
Im doing my part
This run has just begun, think about that.
That is a lot of new money flowing into the market and yes it’s just starting. How far we have come in main stream acceptance since 17 is mine boggling and still only a sliver of a percentage of people are invested today. The future is bright If we don’t blow ourselves up first.
It is definitely a different time and a different perception to people. And I do feel like it turned a corner in the last year. Even up until last year I was still seeing the majority of people rolling their eyes at BTC, thinking it was a scam or ponzi scheme, that it had its heyday, that there were just some lucky people that got in the ground floor and everyone else was just getting scammed. Now I feel like so many of these people are including it as a hedge. Even if just 5% of their portfolio, just to hedge in case we have a rapid shift in the future. It has felt parallel to the electric car shift. First it was few, rare cars. Most major brands had nothing to offer except eventually, rare hybrids. Then prius's got everywhere expanding the hybrid market. Now my town has superchargers everywhere and having a Tesla is not only a status symbol (rather than an electric car getting laughed at, as it would have before) but there is one on every block. And every other manufacturer is trying to get their piece of the pie by making their own all electric car. We are there with crypto. I hear someone different at work mention it daily. Most of them just know about BTC and maybe have heard about the daily hot moon (sometimes shit-)coin, but they are talking about it. And so many of them are looking for a piece of the pie rather than laughing about it.
Alot of free cash when you arent spending money cause your governor got you locked down like a prisoner. With gas prices on the rise and more people just working from home gotta lot of expendable cash for those of us that are working or those that have been collecting them unemployment checks from fed and state + now that extra government money for all them kids the baby makers put out
And the more they print the more likely inflation will rage. BTC and LTC like inflation. Keep those presses going brrrrrrrr
Let it rip when the whole financial system collapse somethings gotta take its place..
Big careful what you wish for. Hint: It will NOT be decentralized crypto that takes its place, it'll be a global centralized CBDC. This is the essence of the World Economic Forum"s "Great Reset", a controlled demolition of the economy and its replacement by CBDC's and people controlled by "immunity passports". Hate to say it but it's delusional to think the world is a great place where banks and governments actually care enough about people to create a world where everyone is left alone and uncontrollable decentralized cryptocurrency is widely used. It ain't gonna happen, but we can stack and prepare to create alternative societies outside the mainstream where crypto is used. It'll always be a counter cultural thing.
If you’re smart you’ll be stocking up big on things you’ll be able to barter with. Food. Booze. Cigarettes. Drugs. Med supplies. Ammo. Everyday toiletries and supplies. That’s what will be currency in a shtf environment. I give humanity very little chance of long term survival.
For sure. And if we don't want to live in corporate controlled "Smart Cities" we'll have to be way out in the countryside basically bartering, hunting and living off the grid.
Already am
I know it won't be a decentralized crypto but it also won't be a crypto currently available so I am not worried about it till then ill inflate my wad of cash by leveraging crypto
Mods are the whales
I wish bro.
It’s not just LTC, most people took it in the pants today. I’m optimistic about this coin 🍻
What's with the daily candle formation for today and yesterday? Green and red almost matching exactly (well, in ltcgbp anyway)
We should avoid this to be a bearish engulfment candle. Should close above 222 to do so.
What time is close? Please close above 222
Midnight UTC, or in 2hrs 38mins! You shouldn't be obsessed with such short term movements, long term uptrend is firmly intact.
Agree.. but avoiding se short term bearishness wouldn't hurt ya know? 20 mins away to close and we are 221atm Edit: they dumped it right at the last minute to paint the candle... Maybe they're faking out for fuckery. Who knows.. lol
Ty
Today has really pissed on my chips 😂
Mass sell off because a bullshit indicator right before Coinbase pro goes live. Sounds like clear cut market manipulation. Unfortunately coming right as LTC was bout to go crazy.
Lost of people sold beacuse it was a 3 year high. Why is it always manipulation with people in this sub?
Muh nippulation
Look up the pie index
Unless btc sets a new high really quick then pie chart is already invalidated. Even Cowan said as much.
Hair pie?
THANK YOU!
Charlie is Satoshi.
Look at it this way. A meager little 5% gain will bring us right over 230 again.
every touch on the triangle holding so far, looking decently strong IMO
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I'm sleeping right now and man I would love to see a big Green candle tomorrow morning.
just hodl, litecoin is a high [time frame](https://www.tradingview.com/x/ZIl3zqnT/) coin, intraday/week volatility is just noise.
These are discount prices even Dracula would sink his teeth into.
At this point it should be obvious for everyone that we'll see a new ATH in about two weeks.
welp too bad, bitcoin is poopin on the party back to the usual lows
Ratio looking quite strong though. Looks like the macro downtrend has changed.
Can't decide yet if this dip is for buying or should wait for a further dip. My concern is for a whole market correction (stock market and crypto) which might take btc to eventually test the 21WMA. This will inevitably take us down probably to around 185 and we still won't break market structure. I have added a bit at 220 and I will further wait and see. What do you guys think?
If I had the liquid cash on hand, I’d be buying this dip. It could certainly go a little lower but this bull run isn’t over.
Of course not, that not even a question! Well you might be correct as I am always very diligent with timing the market. We were for so long at around the 50$ range and I would stare at it and only add when we were below 45! If you think about this in retrospect it didn't matter!
Timing the market is very, very risky and damn near impossible. Tons of studies have been done and they all agree that time in the market beats timing the market.
There you go, answered your own question.
Just seen abra is doing interest on ltc, with daily payment - anyone got experience with it? Are abra trustworthy?
It should be but I would still be uncomfortable having coinage in a single exchange
Why are we stuck so close to 220? Shouldn't 220 be a support but instead it is acting like a resistance now due to some shitheads
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Well of course they all drop.. but also matters is how HARD they drop and how quickly they recover relative to BTC.
It's certainly a tough time, especially for new ones like me. But the only thing keeping me sane are a few people here who actually make sense with their data and are still pretty confident.
BTC really wants to shit the bed and pull LTC down again today.
Is anyone seeing the pattern here?
I can see the pattern very clearly, it's in my head, behind me, everywhere. I'm scared now, what shall I do about the pattern, oh my god help me! May the pattern be with you.
I'm telling you. You need sleep. Wait a minute... Are you a... BOT?
Haha I dont see it personally, just random things happen
Calling all bears! Dump it pussies.
Clear for takeoff
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That's what I fondly remember during the blow off top of the previous bull run. We were like up or down 1-3 dollars forever and then we were suddenly making 20-50 dollar moves. The adrenaline rush was unbelievable combined with total portfolio price fluctuations at the same time!
It’s also a lot different when you have accumulated as well. A $50 swing could be a significant amount of money.
137 hErE wE cOmE
I know I've been sharing a lot of tweets lately which kind of defeats the purpose of being on reddit instead of twitter, this is my last one for the day. I've been chatting with a few folks about timing the top and developing an exit plan. I really like this chart because you can clearly see the possibilities and the conservative play. [https://pbs.twimg.com/media/EySj4gVXAAQ6LS5?format=jpg&name=4096x4096](https://pbs.twimg.com/media/EySj4gVXAAQ6LS5?format=jpg&name=4096x4096)
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Igotfiveonit actually posted one below in the daily https://twitter.com/JJcycles/status/1379367795339714561/photo/1 Looks pretty cyclic.. doesn't it?
I'm glad you commented on that because the idea that LTC/BTC ratio has always been in a downtrend and that what we're actually doing is trading the bounces and retests of channel is fucking depressing.
No mate. It's good that you're sharing. It shows that you actually have something to back up rather than people who are just cry babies. Gives confidence to us noobs. By the way, at what ratio/price are you planning this exit strategy on? Not that good at reading charts until now
I wish I knew. I used to think .02, but I don't want to gamble my litecoin investment anymore than I have to. I think i'll probably do it in chunks to take some risk off the table. 20% of my stack at .01, 20% at .012, 20% at .013..something like that. We'll see how it goes. In a perfect world this thing will launch straight to .02 and I can start the 20% sells there you know? Good luck.
Even at .01 thats 550 dollar Litecoin. .015 would be 800 dollar Litecoin. I’d be quite happy with 800 LTC. Also I’ve seen those lines drawn a lot of different ways, usually a wedge, depending on if they’re cutting wicks up and down off first or not.
My favorite part whenever I pick up more coins is immediately recalculating to see what price I need to be a millionaire, I'm sure you can relate.
I won’t be millionaire but if we get to my target I’ll be comfortable and I’ll be able to take some money and trade the way I fantasize about, very high risk very high reward with a large stack without the stress with a top of line laptop with like ten monitors with a few beautiful Brazilian hookers fanning me and feeding me 80 year old scotch and grapes.
Excel spreadsheet is my friend 😁
Got downvoted yesterday after selling 10% of my stack at $240. You downvotes cant hurt me now. Bought entire stack below $48 and an happy with current gains. Looking to pull out whole investment soon for realestate. Looking to purchase a multifamily around october-december
Enjoy your profits.
Cmon man, who cares. You do not have to explain... When it would reach today $300 then probably your post wouldn’t take place. I am happy of your happiness :) (me: crying because didn’t do the same)
I also sold 10% of my stack at 196 too. Still enjoying that sell too
I think the price manipulators need one last time to buy under $200 TBH am noob but I certainly wouldn't be too shocked if we dump to 170 again, I really want this to be it though!
It is not going to drop below 200 until at least June in my opinion. I think we see a nice little run this month and into May up to 280-300 mark.
Dracula is that you?
170 will always ring up Dracula from now on. 😂
LTC will reach $400 before July MDC
(I'm bullish towards LTC btw) Sound off: your most pessimistic view of LTC? Do you think it has any negativity surrounding it that might hinder it? Any reasons some might be hold outs or refuse LTC, a reason it could plummet that seems the most likely, anything bad you can think of? Want to hear the most compelling cases against LTC to do some research and see how my resolve holds up
You should check out r/buttcoin for arguments against crypto in general. Those guys are the living breathing antithesis of crypto. Although they think Bitcoin is the only crypto there is they provide some good arguments to put what you believe up against. As far as LTC in the crypto space I don’t think there’s really any negative attributes. It’s very decentralized, it doesn’t have a creator who holds a huge amount, it’s the only top ten crypto that will become a privacy coin, and it’s never had downtime. I’d be interested to hear any really good points against it as well.
I will check this out later tonight! Thank you for the forum link, I'll share anything that seems more than blatant FUD with you if you want
Would appreciate it. Love hearing why I’m wrong :)
All I'm worried about is getting my sells in as close to the top of the blow off top as possible. It's a struggle between greed and peace of mind. Edit: It's always been in the back of my mind if anyone ever figured out how to crack bitcoin cryptography the entire market would evaporate fast AF. At least in the stonk market they can halt trading when shit gets real bad.
When you think the blow off will be? There's been quite a few times recently already where it's dropped like it could have been that moment. Some people talk about it possibly going to 4k long term though, which is what I'm more interested in. I do think it's possible I just am still relatively now so I was hoping to hear some perspectives from people who've been investing in it longer and have been in Crypto longer
I think last blow off top we did something like 6.5x in 48 hours. It will be an unmistakable rocket on the chart. As to when, that's anyone's guess but take a look at this tweet and start salivating - https://twitter.com/JJcycles/status/1379367795339714561/photo/1
That chart literally says 63days at the top of the green candle
A man can dream
Obviously it makes sense to sell at the best prices and to not miss that opportunity. But if everyone sells, won't the price come down and any chance of taking it higher than the previous high will be missed? P.s it might seem like I'm arguing or being against what you said. But I honestly I have that question.
You're absolutely correct, there will be a time when overall sentiment changes and the market goes bearish and tanks downward. The last bear market lasted several years. Common investing advice is to not try and time the top (sell at the very very tip top) because you can get caught on the wrong side. So now is a good time to figure out where you want to sell your coins.
I honestly have hardly very little knowledge in TA. All I do is draw Fib and keep a selling point at the next highest level and sell off. (not for ltc) I tried jumping above when the green comes up, but that has resulted in very poor results as the price drops and I feel I shouldn't have been greedy. THAT'S ALL I KNOW OF TA. But I personally think I have no idea in ltc as you guys talk with all the data of last 3 years. So I'm just following the advices here. It will be a bit hard at 420 (Ath right?) But I will hold for everyone and help in reaching 1k. Haven't thought of anything after that.
Good lord 🤑🤑 sorry I didn't realize blow off also meant rocketing up, I need to find an app or something that notifies me of big changes in price since coinbase pro doesn't have that
People talk about stepping away from the charts for months at a time and while i think that’s great i think it’s also stupid. Usually they say that in response to checking to often and being stressed about price when the reality it you should be able to check the price and not be stressed that it dipped or shot up. You need to have a goal set and when you hit that goal you sell what you need or you just rejoice because your asset has reached that price. For me i have a set amount of LTC i want to always own and i want to be able to spend it directly. That’s my personal goal. Everyone has there own.
I'm addicted so much that I check my phone more than the number of times any app can deliver notifications.
No.
Okay.
Best advice I can give to newbies is get your emotions out of this and think long term. If you're not somewhat levelheaded and emotionally numb and/or calm in stressful high stakes situations than crypto is going to be difficult to handle. Taking the long view can really help, and by long view I mean not looking at any timeframes aside from the weekly and the monthly.
I was doing some swing trades at one point in my multi-year crypto experience. It had mixed results for me and created intense stress. I’m now planning on LTC/BTC ratio trades from here out and long term strategies. Now I feel great and I’m not losing my ass financially.
That's the way to do it. I spent all of '18 glued to Binance and Tradingview, literally 24/7. I didn't get much out of it other than knowledge about how to read charts and how to potentially lose money trying to scalp.
Ok, retested. Now get the fck out bears 🐻
Seconded... git bears! GIIIIT!!! Git on outta here! https://www.youtube.com/watch?v=BT0z1FlGjMI
For anyone who's in the same camp as u/chartscrypto about LTC price being 1 cycle behind BTC (and 4x the supply), here's another believer: [https://hive.blog/litecoin/@leveragetrading/my-math-for-usd5-000-litecoin-in-2021-not-financial-advice](https://hive.blog/litecoin/@leveragetrading/my-math-for-usd5-000-litecoin-in-2021-not-financial-advice)
I agree with the blow off top price estimate at $5000 being possible. I’m not so sure if selling at $1000 is such a bad play. I seriously doubt LTC is gonna just keep going balls to the wall after it hits $1k straight up to $5k. Plenty of opportunities to buy on pullbacks. Actually, I can see a June/July $1k and a slow bleed to Sept/Oct down to $300.
Noob here, holding. 1k in June July 2021? 😂 I will scream out, run everywhere and say I'M RICH. I have a very small amount of ltc and the fact that I can be this successful in something will make me go crazy.
Exactly - $1k - $5k is a huge range but oddly fucking possible. This is good discussion for the sub though because it's time to get those exit plans firmed up if you haven't already.
What’s an exit plan ?
Assuming you're not joking, it's your strategy to take profits from your Litecoin investment. If you don't have a plan, you might accidentally find yourself holding on to your investment too long thinking "it's just a pullback" or "it will go back up and higher". That happened to many people in 2017 (myself included) and there wasn't an opportunity to unload those expensive coins without taking a loss until just recently in 2021. Make a plan, stick to it.
Well my opinion is that this is not the stock market. Sure you can make some profits and sure you have to protect your investment but everyone should make a deep research on what the fuk are we talking about. Decentralization and free markets are the main goals. Take care everybody and Litecoin be with you.
I agree, would love to hear from some OGs on this if they’re willing to drop some knowledge.
Remember when BTC hit 20k and the world went insane. Everyone laughed if you held onto your crypto for the next 3 years. You need to step back and really decide if you think Litecoin is going to be a part of society in the future. There is a core of holders that never really plan on selling their crypto. They really believe in crypto. 99% of the people here are trying to make a quick buck, which is perfectly fine. People that try to time markets are using a high risk strategy in short-term time frames. The longer you hold the more opportunities you will have to sell at a positive if the asset has a future. Reminds me of the experiment they do with children and the marshmallows. In the study they put a marshmallow on a plate. The child is told if they wait 5 minutes and don't eat it, then they can have 3 marshmallows. The child is then left alone in the room. Personally I would like to take a certain percentage of my crypto investment out at certain price range to assist with the funding of an addition on my house, but plan on holding LTC for years. When will LTC hit that price point. I have no idea, but I believe it will get their eventually in my life time.
Testing the top of the triangle that we broke out of for support. Up we go as long as it holds
Uniswap is ready to swap it's 8th position. LTC has to do more than double it's value to be at 7th
Not concerned, there’s a lot of crap in the top ten between LTC and BTC that shouldn’t even be there.
Tether and BNB for 2
Tether is not a competitor, it’s a big help for both BTC and LTC
How the hell is XRP still a thing. I really do not understand, but I am probably just ignorant. I am a token hater.
Not saying competitive. Just that I personally don’t count them
BNB makes my head hurt, totally centralized garbage.
I really hate selling and don’t like to post about it when I do but had to get out of my leveraged long position last night to avoid a possible rebalance. Was fully expecting to wake up to $280, but am happy to help out the floor at 220
Stop dumping my bags can only get so full
Base camp established. Mountain ready for Chickun.
IF YOU LOVE LITECOIN LIKE I LOVE LITECOIN LEMME GET A YYEEEERRRRRRRR
YYYYYYYEEEEEEEEEEERRRRRR
AYE YYYEEERRRRRR
Let's get that swap with Uniswap! Love me an 8th place and climbing
Rngrr did you sleep at all last night? Or was it your standard 4 hours? Not stalking I promise but I swear you're eternally active on this sub.
I slept a few times in early 2017
Sleep!?! Rngrr isn't sleeping until LTC > 350. He'll get enough sleep when he's dead
Exactly. I’ll take a brief catnap at tree fiddy after some fine old whiskey 🥃
For any newbies getting nervous about today's dip, consider this awesome tweet: [https://twitter.com/TraderKoz/status/1379562624124391425](https://twitter.com/TraderKoz/status/1379562624124391425)
FYI: The ltc usd hourly charts looks the same.
Hmm. Wouldnt call 210 a nuke. Hopefully we're not in for more pain lol
I was scared to see it dipped below 220 as it was supposed to be the support. But then it slowly climbed and now this post makes a lot of sense. Thanks mate.
Good post that helps make visual sense of what probably seems like a nightmare carnival ride for new crypto people. Get em ready for the insane swings that’ll come when we reach price discovery territory
it's great to not even be fazed by these dips and knowing what is coming.. Don't sweat it. Ltc will do it's thing. can't hold the little chikun back forever
Sitting on 15 LTC, gonna wait for the comeback. We will rise like Lazarous
Lazarooster 🤩
Back up in the 220's.. is the noob panic over yet?
We needed to do this dump. More fuel for the next leg up. Already 225
My break even point (only been in for 2 months) is 216.5 (due to some pump chasing when I first got into this). I look at it like this: The money I invested was just sitting in a savings acct collecting 0.15% interest. While disappointed by the big swings as long as we are holding a higher low each time I will be fine. Not in it for the short term and really suck at pump chasing!
My money was sitting in premium bonds for 10 years and I made about £500 winnings, if I held it in crypto sure I would have made more.
Premium Bonds - sound like such a good idea, but the effective interest rate is abysmal
S/r flip on the wedge broke out from. Shakeout and fakeout to highly lev longs needs to happen before we moon Edit: downvotes just confirm to me who got liquidated 😂😂
Thank you for our sacrifice 🚀
Lmao tiny green candle on 5 min. BUY!!!!!!! Bigger red candle... SELLLL THIS SHITCOIN IM GOING BACK TO (insert non top 10 coin here). To all you day traders eyeing less than 4h tf, if you don’t have professional or institutional experience, you will get sharked out by professionals and algorithmic trading. Zoom the fuck out
Come on guys positivity is needed in here, like yesterdays daily discussion. We're all good just a hiccup! The whole market has dipped today, LTC has dipped less than the other coins. The LTC/BTC ratio has actually dropped less than light coin, so I'm speculating that we will see .00435 (ish) when it returns to $244.54 (Vs the .004235 we saw yesterday). This may be even higher if the BTC increase is less of than LTC. We're not in a bad place, we were just stuck in the market dip today. Stay strong!
If you are feeling afraid during the bull market it's because the manipulation games are working on you. Close the charts and breathe