LTCBTC - Close to 2016 bottom prior to 2017 bull run
This is only 30% away from 2016 bottom, pre bull run.
Not sure what to make of this really. Did sentiment flee from LTC due to big man Charlie Lee selling the top of his own coin in 2018?
I would buy a small position at the '16 bottom or within 10% of it just to see what happens, it would seem like it had asymmetrical risk-reward, unless it's literally a dying coin. After 5 years in the top ranks I'm not convinced it's quite time for it to shuffle off the mortal coil.
This is one where you need to actually look at the team and the fundamentals and see if there's any hope for a future pump.
Not sure what to make of this really. Did sentiment flee from LTC due to big man Charlie Lee selling the top of his own coin in 2018?
I would buy a small position at the '16 bottom or within 10% of it just to see what happens, it would seem like it had asymmetrical risk-reward, unless it's literally a dying coin. After 5 years in the top ranks I'm not convinced it's quite time for it to shuffle off the mortal coil.
This is one where you need to actually look at the team and the fundamentals and see if there's any hope for a future pump.
Note
Hmm.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.