Good morning Steemit World!
Well I hope you guys took my advice in yesterdays morning report! Yesterday I said that with the massive drop in the price of ETH and LTC that it looked to be a very opportune buying for both of the the coins listed. Bitcoin has also gone up in dollar terms however both ETH and LTC have gone up massive amounts in the past 24 hours alone.
ETH currently sits up $10 from when I posted yesterday and LTC is up a whopping $13!
Ill be watching LTC closely as segwit is to be activated some short 4 hours from now. Will LTC continue to pump up until the activation and then sell off? OR willl LTC pump up through the next target of $49.35?
My guess is that LTC will continue to pump a through the $40 level and then begin to slow down. However if we reach the $50 mark and continue to pump, this thing could go to the moon! Everyone should be watching closely to see how this segwit activation will affect LTC price over the next few days.
I am still thinking that bitcoin should have a LARGE pullback soon once it reaches around the 1850-1900 dollar range so be prepared mentally and financially to sell at a top and buy back at a lower price. Like I have stated before, This is a RISKY play and is not for traders with weak stomachs. OF course buying and holding bitcoin is the SAFEST way to profit in the long run! However if timed correctly, you might be able double or triple the amount of bitcoin in your portfolio in just one trade.
Keep those eyes open today Steemit world!! PLEASE comment with your thoughts and ideas, Upvote,Resteem
-MM
**I AM NOT a financial adviser and I AM NOT giving financial advice! Just MY thoughts on MY trading strategies.