I predicted a crash down to $7500, and the market has crashed to $7700 three times now. It looks like there could be an imminent breakout to the upside. It's time for me to stop being greedy.
I've started to cost-average buy-in.
5% a day for the next 20 days.
At the same time I have a very aggressive stop-loss buy set. If Litecoin breaks above $60 I'm going to jump in at that level.
In the grand scheme of things it probably doesn't matter what I decide to do here.
I'm honestly expecting Litecoin to easily reach all time highs within 3-9 months. That is the sweet spot for halving events. In my view, penny pinching isn't going to matter much in the long run.
When it really comes down to it I don't even care about Litecoin, I'm just trying to get more Steem and think that Litecoin has better fundamentals in the short-term.
It's also nice to have a hedge placed in a higher market-cap network.
Essentially what I was hoping for was an exact repeat of the previous bear market. Right at the tail-end it dips just a bit more. However, the timelines here are skewed. The Bitcoin
bear market correction lasted a year while this one only lasted the summer. If we are comparing these two events, every week in the current market would have been extended out a full month during the previous one. This implies that we could have easily already smashed against a support that's never going to get broken.