Just Having a FUD Laugh with $LTC
Updated
Just having some fun in response to the "LiteCoin in the Final wave" post. I think it is always a good idea to step back and look at the big picture.
Keep in mind that Litecoin has had this boom in large part because it's tied very strongly to Bitcoin charts, and bitcoin has also rocketed from 1200->2600 in the same timeframe. If Litecoin goes down, Bitcoin and all other crypto will go down too. So if this is the future, short everything ;)
That said, I also have a strong feeling that the US economy is going to hit a low point soon, which would be great for Crypto. On big timelines like this, there are so many rumor, news, technology changes, etc, it's hard to only look at the TA with a straight face.
Also, Litecoin has picked up serious momentum with Charlie Lee leaving Coinbase to focus on the Litecoin foundation, Litecoin being listed on new exchanges and supported by new platforms all the time. Interest is growing and so is regular new money coming into it. This seems an unlikely scenario to me--but what do I know, I've only been doing TA for 4 months.
If in doubt, #HODL and come back next year--you'll be way happier not to stress about the "if" and "when" ;)
Live strong and HODL long.
tipping jars:
ETH: 0xAA33bAe03131f3aa36e1de3e4bD53583c41F8d64
LTC: LeMkJv1Xoxnt2YvRgKkNZZJRgZYgGzcSyv
BTC: 1CWDM7dYLoBwJyf2kbGANAmuySwFWC2NZu
LTC theme music:
youtube.com/watch?v=4AKbUm8GrbM
CRYPTO theme music: youtube.com/watch?v=KYh7PwDo3Iw
Again, I'm not a financial/investment advisor, just having some fun and accumulating some crypto--so make decisions at your own risk :)
Keep in mind that Litecoin has had this boom in large part because it's tied very strongly to Bitcoin charts, and bitcoin has also rocketed from 1200->2600 in the same timeframe. If Litecoin goes down, Bitcoin and all other crypto will go down too. So if this is the future, short everything ;)
That said, I also have a strong feeling that the US economy is going to hit a low point soon, which would be great for Crypto. On big timelines like this, there are so many rumor, news, technology changes, etc, it's hard to only look at the TA with a straight face.
Also, Litecoin has picked up serious momentum with Charlie Lee leaving Coinbase to focus on the Litecoin foundation, Litecoin being listed on new exchanges and supported by new platforms all the time. Interest is growing and so is regular new money coming into it. This seems an unlikely scenario to me--but what do I know, I've only been doing TA for 4 months.
If in doubt, #HODL and come back next year--you'll be way happier not to stress about the "if" and "when" ;)
Live strong and HODL long.
tipping jars:
ETH: 0xAA33bAe03131f3aa36e1de3e4bD53583c41F8d64
LTC: LeMkJv1Xoxnt2YvRgKkNZZJRgZYgGzcSyv
BTC: 1CWDM7dYLoBwJyf2kbGANAmuySwFWC2NZu
LTC theme music: youtube.com/watch?v=4AKbUm8GrbM
CRYPTO theme music: youtube.com/watch?v=KYh7PwDo3Iw
Again, I'm not a financial/investment advisor, just having some fun and accumulating some crypto--so make decisions at your own risk :)
Note
completing the HEAD.LOL.
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