I am not good at picking tops. I don't usually try to call it because I don't trade it. However, I believe we are close to a short term top. Sentiment is euphoric on LTC right now. So euphoric that this forum's discussion have been derailed by LTC in the last two days. Top traders on LTC futs are at 66% or higher, that is unheard of in BTC land.
ibankbitcoins.com/si...2015-07-09_chart.png
In addition, BTC hasn't made new high while LTC climbed and climbed the last few days. The two should go in tandem. I am just pointing out the mountain of evidence that price can't be supported forever. Market can be irrational longer than you can be solvent. Just like that trader who got margin called on the chart.
ibankbitcoins.com/si...2015-07-09_chart.png
In addition, BTC hasn't made new high while LTC climbed and climbed the last few days. The two should go in tandem. I am just pointing out the mountain of evidence that price can't be supported forever. Market can be irrational longer than you can be solvent. Just like that trader who got margin called on the chart.