When it comes to Litecoin things are a little different. Are very recent moves need to be taken with a pinch of salt thanks to the big move up to over $40. I was expecting a dip under $40 yesterday and this did come to fruition but patience is needed before one can take ahold of Litecoin with any degree of comfort.
The sanguine amongst us know that the market is all too cyclical, over exuberance is likely to trip up any investors no matter what size!
Today I am BULLISH on Litecoin expecting the price to close out over $42. I am bullish because recent trends have thrown caution to the wind and pushed Litecoin above par. Litcoins following is also very stable and there are a lot of people who pick Litecoin as a favorite - these people are going to want to get re-involved for another ride up at these prices so this should dampen any fall.
If we do see another drop I will be buying below $39.