The recent crash has unfortunately proven to be litecoin's death sentence.
In short:
• Litecoin barely pumped compared to other coins
• Litecoin crashed the hardest
* Litecoin's recovery/bounce has been the weakest
Nobody is buying Litecoin. MimbleWimble has already been priced in, and it in fact caused a crash, showing that MimbleWimble will likely have negative consequences for price.
Probably because the privacy features will lead to (government) measures against the coin, causing it to be delisted and subsequently dumped into oblivion.
Every LTC pump is sold into. LTC is the only major coin 50% below its all-time-high from 2017.
Not only has LTC underperformed (understatement) in cryptosphere, but also compared to pretty much any other asset type, which is extremely unusual for cryptocurrencies.
Furthermore, holding LTC is a major opportunity cost. LTC is now far out of the top 10 marketcap coins and it is very unlikely that it will ever recover.
There is a tiny possibility of LTC rising to $500-$600 based on Elliott Waves Theory, but this pathetic/disappointing rise will be short-lived AND it will be barely above the 2017 high if we adjust for inflation.
The coming days will probably be your last chance to sell LTC above $200.
This coin is dead. Don't be left holding this shitcoin when it inevitably crashes to $0.
In short:
• Litecoin barely pumped compared to other coins
• Litecoin crashed the hardest
* Litecoin's recovery/bounce has been the weakest
Nobody is buying Litecoin. MimbleWimble has already been priced in, and it in fact caused a crash, showing that MimbleWimble will likely have negative consequences for price.
Probably because the privacy features will lead to (government) measures against the coin, causing it to be delisted and subsequently dumped into oblivion.
Every LTC pump is sold into. LTC is the only major coin 50% below its all-time-high from 2017.
Not only has LTC underperformed (understatement) in cryptosphere, but also compared to pretty much any other asset type, which is extremely unusual for cryptocurrencies.
Furthermore, holding LTC is a major opportunity cost. LTC is now far out of the top 10 marketcap coins and it is very unlikely that it will ever recover.
There is a tiny possibility of LTC rising to $500-$600 based on Elliott Waves Theory, but this pathetic/disappointing rise will be short-lived AND it will be barely above the 2017 high if we adjust for inflation.
The coming days will probably be your last chance to sell LTC above $200.
This coin is dead. Don't be left holding this shitcoin when it inevitably crashes to $0.
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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.
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.