We start to see bullish signals in altcoins now, lagging BTCUSD's advance, which confirmed a long term trend during July/August. Upside here is very good, and reward to risk is like 22 to 1. That said, I much prefer BITCOIN exposure personally, given the fundamentals of LTC being inferior in my opinion. That said, altcoins can have sharp moves, where they briefly outperform BTCUSD, so it is of paramount importance to watch the LTCBTC ratio for a signal to buy (or sell) to ride these moves when viable.
If you're an LTC investor, hodl, cause it will go a lot higher. Probably peaking before BTCUSD, if I had to guess...But at least likely to not go down until BTCUSD tops by 1st half of 2022.
Cheers,
Ivan Labrie.
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This dip is a long term buy opportunity. Last: 71.89
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So far so good.
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On track, $365 next, shortly...then can hit $535. Long term target is doable certainly, perhaps much sooner than the estimated time.
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Targets hit short term but looks like this one topped prematurely.
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