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TIME TO BUY LITECOIN

TIME TO BUY LITECOIN
TIME TO BUY LITECOIN

pTIME TO BUY LITECOIN?p p Bitcoin litecoin cryptocurrencies selling off the last couple weeks what is going on gonna talk about it in this article so stay tuned whats going on guys so I want to make this article everyones been asking me everyones been tweeting me and sending me messages and direct messages and all that stuff I just want to make this article to get it out there and explain what Im doing right now what my plan is for litecoin what my plan is for the overall cryptocurrency play right now and obviously Im no expert by any means but this is what Im doing this is what I see in terms of reading the chart and whats going on with the overall cryptocurrency world right now were selling off theres nothing else I can say other than we are selling off weve had some bad news you know Charlie Lee sold his light coin we had the Bitcoin cash drama a lot of things going on its Christmas and we got New Years coming up and you know it really just seems like the overall market just isnt there you know the volume hasnt been there that people arent buying the dips were just trending lower you know Ill pretty much just bouncing bouncing bouncing lower not in a panic way not like oh this is the end of the world kind of thing but were just training lower because people are just not there the buyers arent there people its hard to really say the exact reason but people arent buying right now obviously its the big whales its the guys a lot of money who moved the market so we need those guys to come back I think were gonna come back in January right now a lot of those whales a lot of those companies are just done for the year you got the Asians who are also done get a lot of the Asian markets a lot of the Asian traders arent there that are trading these markets so right now were just consolidating lower were heading lower right now is it a time to buy I think it is a time to buy I think overall were had a good area to buy now you can see this is the daily chart so we had that high back down the 19th at 380 and we had this kind of just massive selloff this was the whole Bitcoin cash coinbase drama that happened you can see we just crashed and were just kind of trending lower were just trending lower we had this nice dip all the way down here the 140 area it got bought up and sent right back up there to 320 which is a really nice little bounce there but in the last couple days and the last week so we just havent had that balance we havent had the power I thought we were really gonna break out here over the 280 area but we didnt have the volume we didnt have the action so we got stuck there at the 280 here you can see this trend really if you just look at this trend here from that 380 area were just treading lower were just falling that trend now we had this little spike up there was a 320 area I told people to watch out 320 area key area to watch with is 330 resistance there so that was the issue that we had we had this you know overall this trend we needed to really break out at 320 area to get moving back higher in the volume this isnt there so going into Christmas it wasnt good timing its the end of the year people were just theyre not about it right now theyre just theyre not trading and you can see even in the overall stock market kind of the same set up but right now were trending lower and I think its a good time to buy when I say its a good time to buy it doesnt mean that were at a bottom by any means it does not mean that were have found a bottom 100 percent that were gonna keep heading higher from this point but I do think its a good time to be watching to be looking for opportunities to be buying a little bit a little bit a little bit on these dips and thats kind of my goal right now I actually just bought some theyre the 226 area you can see we dip down here to the 223 RA today so Ive got some orders out there 226 area I bought some Im gonna buy some more the 216 area if we get down there and Im gonna buy a bunch more if we break below 200 so anything under 2 I think is a amazing buy at this point so Im gonna be buying as much as I can below 200 I think the end of next year the end of 2018 this could easily be above 1000 and thats not to say we wont have some nice runs up and down along the way but I do see litecoin heading higher Charlie Lee talked about some big news coming the litecoin foundations been talking about some big news theres a lot of rumors circulating theres a lot of things going on I dont think cryptocurrency is done by any means you know going into the end of the year here its just part of it end of the year selloff were pulling back nothing to be scared of if youre long if youre holding you can hold if you want to try to sell right now and try to buy itll tip lower you can do that as well but right now this 200 our area closely you can see previously we dip down there 200 we get all the way to 140 but really that 200 or bounces pretty hard back up there to 320 and I dont think were gonna get that big of a balance right away but I think once the move starts happening once we get back into 2018 the beginning of the year once people really start buying again were gonna have no problem skyrocketing but right now were just Consulting lower its a great time to buy thats the one thing a lot of people dont understand is if youre gonna be buying this stuff youre gonna be buying cryptocurrencies its a good time to be buying when its read dont be buying when its up 100 percent you want to be buying on these kind of setups when its selling off when its bouncing lower good time to be buying this consolidating area we had that previous support there the 250 area but youre holding now we were looking good 250 we broke below 250 today were down there I think low today is at the 220 area so Im kind of watching right now well see like I said if we can dip down a 200 area Ill definitely be buying a lot more there at the 200 and then anything below tomorrow as well so thats my game plan thats my goal the one issue we have right now is Bitcoin so Bitcoin kind of the same exact chart or having issues because light coins come just really following Bitcoin and were not really getting the upside were not getting the pop higher were just going down with Bitcoin so Bitcoin kind of pops up and then litecoin just doesnt really go anywhere and then all of a sudden Bitcoin starts going back down and we started trading down with it so weve got to get that correlation wiped away we got to get some news here gonna get some good news you got the Lightning Network coming you got atomic swaps coming we got new payment processors you got new news coming new websites that are we adding Bitcoin litecoin to their payment processing system in the future so 2018 I think overall 2018 Im really bullish here on like going like I said before Ill say it again I think litecoin can easily be over a thousand dollars here in the next year or so but that does not mean that we wont have some dips along the way this thing could easily crash back down there to the dot 150 area which if it does Ill be loading the truck at that point but I think right now this 200 our area is a good time to be buying obviously dont overextend yourself to the point that you cant pay your mortgage or pay your bills because you bought nothing but litecoin here but I think it is a good safe time to invest a little bit if youre going to look to invest cryptocurrencies time to be buying right now after weve sold off from these highs that 400 high that we recently had is a beautiful upside from here you know bouncing off his torn dollar you getting a 200 or move back up there to the foreign our area cant be that kind of return there so really if youre looking to buy its a good time to buy and thats what Im be doing right here Washingtons 200 our area watching this overall trend if we can breakout above this 250 area I think well start moving up higher and then again from there were watching that 280 area and then that 320 area kind of key areas to watch though to 8320 resistance we got to get above this 250 area to get moving up and get back on the train here to new highsp

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