I check Cryptsy at a minimum of 4X daily (8AM, 1PM, 5PM, 8PM). Simply put, if my investment value is up .01 BTC, I trade in full (all or nothing). Otherwise I wait. No emotion, no speculation...just numbers.
As,of now I have 94,000 Dogecoin with a current value of roughly .180 BTC. So I'm down, which sucks. But if and when I see the value of those Dogecoins are worth .210 BTC or roughly 8.5LTC, I'll make a complete swap.
My goal is to climb the ladder from .20 BTC to .50BTC. So far I'm down.
Keep a close eye on LTC. If it slides down to a nice low, maybe below 0.02 or even 0.01, just switch everything up into LTC and then wait patiently. You may be waiting months, but when that shit rallies against BTC, it doesn't fuck about. You could easily see 5x from 0.01 to 0.05, and LTC is a fairly safe hold IMO.
This is great advise, except that I always let my impatience get the best of me. Example: About 3 weeks ago I bought .20 BTC worth of Fedora coin which was about 3.8millions tips. I waited and waited, and was just waiting for that one big day. 3 weeks later I went "screw it" and converted then back to BTC At a small loss. Meanwhile, yesterday Tips went up 151% before coming back down. THIS WAS THE KIND OF DAY I WAS WAITING FOR...but got impatient.
I have 94,000 Dogecoin which have been slowly decreasing in value. My brain says HOLD, because eventually Dogecoin will have a good day. I'll keep a close eye on LTC as you recommend. Thanks.
LTC is also a good one if you have some patience, and you feel that you don't have enough money to effectively buy into BTC. I hold about 70% BTC, 30% LTC. Because of the timing of everything, my LTC has outperform my BTC by far...