Litecoin is skyrocketing right now. I bought a few of them at like $28 and I'm thinking in selling them before it reaches a big crash and then buy again at the dip. Based on the recent BTC crashes it looks like BTC, Ethereum and LTC all crashed down at the same time so what i am thinking is that BTC will reach more than $3000 during the following weeks based on the recent crashes and looking at the graphs so I want to probably sell my LTC when Bitcoin starts to reach its peak (When BTC is worth $3,000 - $3,200), and sell it right away and the buy at the dip. Is this a good or horrible strategy? What do you guys think and if you are currently holding a lot of Litecoin what are your plans now?
I would just buy more at the dip. If it goes high enough you might want to consider selling enough to get back your original investment.
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