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Start with the starter item and some pots. Build in this order and sell starter when you can afford bloodforge to replace it. Make sure auto cancel with Loki’s abilities hence Hydras. Happy killing Loki Mains
Attacker's Blessing
Warrior Tabi
Hydra's Lament
Jotunn's Wrath
Brawler's Beat Stick
Titan's Bane
Bloodforge
Thousand Fold Blade
Healing Potion
Mana Potion
Bloodforge
The Crusher
Rage
Demon Blade
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Went 12-1 then 11-1 just today. The defense is really underrated in the build as well! Try it out and lemme how it goes! You still pretty much two shot squishies so don’t worry. Max the the 1 and 3 and Ult. I’ve had no problems with the damage.
Penetration > Crits on Loki
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I build a bit differently, but here's my arena build:
Warrior tabi
Jotunns wrath
Hydra's lament
Heartseeker
Brawler's beat stick
The crusher
You can replace any of the bottom three items with transcendence (build it first or second if you decide to get it).
I just had two games with my build but remember replaced the last item with Deathbringer or Rage and went 12-1 and 11-1. Arena and Clash
Most Mages, Assassins and hunters are not building
Defense. You can also switch out one of the last items for
a good pen Item like Titans or Jotunn’s if you see the enemy is
building a lot of defense.
I can see a unique, niche situation where a high MS/chase
- Playing with friends who I know can shoulder the main teamfight load, because this build sure as hell won't be able to teamfight (not like the ability one will either). But at least with the ability one, you can ult in, 100-0 a squishy, taking them out of the fight, to give the rest of your team a potential man advantage. This one is unlikely to do that due to not having much non-stack-requiring penetration, and also not often due to not having ANY CDR. Your whole gameplay will be sitting back and waiting for a squishy enemy to get hurt and retreat, or go off on their own way away from the enemy. That very much limits when you can engage properly.
- I would need to very closely monitor enemy ability use.
Loki is very vulnerable to CC and damage, which is why his best strength is getting in, bursting, and getting out. There's not much "bursting" going on in this build, since you're basic attacking, so you'll sometimes be exposed for a longer period of time.
- I could tell early game that the competition was lower level and their awareness sucked.
One thing I'm guessing you (Loki the Speedster) may not be aware of is the concept of diminishing returns with regard to movement speed. You can learn or refresh yourself with The Word of Thoth, section 1.6. In essence, you're blowing way past the soft MS cap, and getting less added MS than you would otherwise expect. HUUUUGE inefficiencies in your current build.Basically, you've taken the concept of chasing people down, and overdone it to the extent that it's hurting the potential this build would otherwise have to deal better damage.
I personally feel that, even in a basic attack/MS focused build, you really do still want CDR. The easiest and most obvious solution there is to get
In terms of dropping items, if I were to try to make this build more effective, I'd drop
I'd also contemplate dropping
I'd thus replace Atalanta's and Warrior Tabi, and rearrange the build order as such:
Hastened Katana + 
Stone Cutting Sword (order as preferred). These 2 items will give you 20% MS, forming your normal MS base. SCS in a basic attack focus will also provide the needed base pen effect to fight those squishies you need to be targeting. You'll also be able to stick to enemies that you do catch retreating or unawares.
Jotunn's Wrath, because you seriously still need to use abilities often.
Heartseeker OR 
Masamune
Rage + 
Deathbringer OR 
Qin's Sais + 
Asi
This is seriously so outside of meta, it's an absolute troll type build...but that's probably what I would do to shore up the weak parts of this build and provide better potential basic attack DPS.I honestly wouldn't know, I've never played crit loki before and I don't intend to anytime in the future.
(Keep in mind, I only suggested the crit in my other comment as an option if going with the basic attack troll build...but my OTHER suggested option, using Qin's, is better)
Loki's basic attack chain, when hitting consecutively, is 1/.5/.5/.5/1.5x damage and swing time.
Now, crits enhance basic attack damage. On that first hit, and say you have
However, you see all those .5s? His 2nd, 3rd, and 4th hits all hit quickly...but they only deal 1/2 the damage of the first hit. IF you crit with any of those, you'll deal...get this...0.5 x 230% = 1.15, or only 15% higher damage than your first hit. That's not BAD, especially since those hits come more quickly...but it's not the consistently powerful crits that a hunter (who has no attack progression, just a steady 1, 1, 1 attack speed) will have.
IF you get a crit on that last hit, it'll be a whopper...but that's a big if, because you're relying on RNG. The 2x crit
All this points again to why Loki is an ability-based god, and the fact he can attack cancel with abilities often is why
His auto attacks on the back of an enemy do bonus damage. Does the bonus damage apply to crits as well? So if I managed to build hydra's and deathbringer, use ult, follow up with an AA cancel, would DB passive+hydra passive +loki passive of auto attack from behind all proc bonus damage?
300% / 150% / 150% / 150% / 450%.
We'd probably have to confirm with testing, but that looks accurate.
But again, the advantages of crit on loki are just outweighed by a full pen build.
Penetration > Crits on
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