Thank you for sharing your strategy! I'm curious how this plays out and I wish you best of luck.
I was wondering aren't you worried that Litecoin will just decrease in value in long term? Looking at the zoomed out chart doesn't look great:
https://www.tradingview.com/x/BWhLd8Ra/I have the same long term concern about LTC. Two things pointing towards a possible trend change though are the massive increase in volume on the most recent rally, and the RSI holding above 40 on this last sell-off. And with things turning higher again we're getting some breathing room to see what happens next. I want to see at least a rally up to .02000000. Let's see if we get that and what the market tells us.
That's a general rule:
When everything is going well, every well-known altcoin outperforms bitcoin.
When the situation got reversed, it will be the exact opposite. Bitcoin will still have a decent trading volume/demand but no matter how good was the other alts before, they'll just hibernate themselves till another hype season begins.
Hint: We are in a hype season.