Litecoin is bullerific today. Merry Christmas HODL, HODL, HODL
Litecoin is bullerific today. Merry Christmas HODL, HODL, HODL (ho, ho, ho)
Max Supply = 84,000,000 LTC
Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Nowadays, Bitcoin is mined by industrial conglomerates mostly in China. Bitcoin is the crypto OG, just saying it's always wise to diversify your portfolio.
Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff of altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee who later became Engineering Director at Coinbase. The Litecoin network went live on October 13, 2011. It was a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.
During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours. In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second. The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. This allows Litecoin to confirm transactions much faster than Bitcoin.
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
tradingview.com/u/growerik/
Max Supply = 84,000,000 LTC
Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Nowadays, Bitcoin is mined by industrial conglomerates mostly in China. Bitcoin is the crypto OG, just saying it's always wise to diversify your portfolio.
Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff of altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee who later became Engineering Director at Coinbase. The Litecoin network went live on October 13, 2011. It was a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.
During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours. In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second. The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. This allows Litecoin to confirm transactions much faster than Bitcoin.
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
tradingview.com/u/growerik/
Trade active
Started a new accumulation on 12/24/20 at 3:17pm ESTBeen adding dca on the dips since then
I'm HODL & DCA
Trade active
Consolidation on the 1hr, I dca’d more:Note
Looks like a cup the past 12hrsNote
Note
Litecoin hit $135 resistance level several times so far today. 5th time the charm for a breakthrough? It keeps bouncing around $128 - $135...Note
Consolidation within an upward trend channel on the 4hr:Trade active
I just bought more dca. Prolly done now just HODL. Goodnight. The Litecoin blockchain is the largest global scrypt based network, operating with 100% uptime since 2011.Note
Nice pop to $138 at 1:30am and woosh shakeout $122 by 7:30am. Lol. That's crypto fer ya. Looks like all crypto spiked & then dropped. I wonder if this has anything to do with Trump letting unemployment expire, yada, yada, not signing covid relief bill / 2021 government budget by midnight? Or simply peeps taking their profits before market open tomorrow...Note
Did some dpa (dollar profit average) just sold some at $137.Note
Minus the very obvious volatility, the median price action the past 44hrs, or (11) 4hr candles, is sideways...Note
1 day candles, 6 month chart:Note
Top 5 market cap crypto 3 month % gain:LTC = green
BTC = blue
ETH = orange
XRP = red
USDT = white
Note
Max supply top 5 market cap:BTC = 21,000,000
LTC = 84,000,000
ETH = 114,013,424
USDT = 21,283,323,926
XRP = 99,990,831,162
Note
Release dates top 5 market cap:BTC 2009
LTC 2011
XRP 2013
ETH 2015
USDT 2015
Note
Litecoin just hit $137 for the third time since yesterday. Sold some more DPA. Now the rest I'll just hold for a long time.Note
Top 6-10 market cap crypto 3 month % gain:ADA = green
BCH = blue
DOT = orange
BNB = red
LINK = white
Note
Max supply top 6-10 market cap:BCH = 21,000,000
BNB = 176,406,561
LINK = 1,000,000,000
DOT = 1,028,177,058
ADA = 45,000,000,000
Note
Top 1-10 market cap value USD$:BTC = 507,447,653,912
ETH = 82,704,601,385
USDT = 20,790,490,984
XRP = 13,411,459,526
LTC = 8,948,977,363
BCH = 6,831,403,525
DOT = 5,241,964,597
ADA = 5,177,695,440
BNB = 5,097,741,210
LINK = 4,923,881,778
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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.