Litecoin: A story of boring accumulation
Updated
Litecoin has by far been one of the worst coins this year. I am 100% sure that this will melt faces once this goes off, but not before it has eliminated everyone who lost patience with it. As you can see ever since the crash of March, Litecoin was the first to recover in the following few days which shows that there was more panic and investors jumped first to get hands on dirt cheap Litecoin.
Ever since, we have just been juggling inside that Green Accumulation box. As I see it, any price within this box is golden, and once we break out of it we should eventually visit three targets: $64, $80 and $108. This represents fair value to me. Then we should see another round of boring accumulation or distribution which would enable us to judge what to do with our investment.
Ever since, we have just been juggling inside that Green Accumulation box. As I see it, any price within this box is golden, and once we break out of it we should eventually visit three targets: $64, $80 and $108. This represents fair value to me. Then we should see another round of boring accumulation or distribution which would enable us to judge what to do with our investment.
Note
Did you accumulate?? We are pumping!!!Trade closed: target reached
Target 1 reachedNote
All targets reached. Thanks for playing
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