Litecoin - Burnt out & needs more fuel - Buy or Sell ?
Let me make this clear. There are no bulls in the Litecoin market because they are not stupid and this is the second time I have made this statement
In my last post, I made it clear it was a great time to buy Litecoin. Little did I know that we would rocket past $130. Now! Before we start talking about going to the moon, we need to realise that there is no fuel left in the tank. The price will need to test the $130 to ensure that buyers are comfortable holding Litecoin's value above $130. No one should be trying to place shorts against this cryptocurrency and with the price above the Bi-Weekly and Monthly VWAP (Blue and Yellow lines) we should all be looking for small pullbacks to buy again.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
Conclusion: Wait for the price to drop below $132 before buying more Litecoin. As the halving is only 54 days away (AOW), you can not go wrong with being bullish with Litecoin and these strong technicals. Remember soon than later the price of Litecoin's halving will be factored in before the event. Stop loss should be positioned below $112.
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
In my last post, I made it clear it was a great time to buy Litecoin. Little did I know that we would rocket past $130. Now! Before we start talking about going to the moon, we need to realise that there is no fuel left in the tank. The price will need to test the $130 to ensure that buyers are comfortable holding Litecoin's value above $130. No one should be trying to place shorts against this cryptocurrency and with the price above the Bi-Weekly and Monthly VWAP (Blue and Yellow lines) we should all be looking for small pullbacks to buy again.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
Conclusion: Wait for the price to drop below $132 before buying more Litecoin. As the halving is only 54 days away (AOW), you can not go wrong with being bullish with Litecoin and these strong technicals. Remember soon than later the price of Litecoin's halving will be factored in before the event. Stop loss should be positioned below $112.
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
