In late 2020, Litecoin hit a low of $41. (In early 2020 the low was $25.)
Litecoin peaked at a high of $413 in May 2021. Let's do the maths for these two lows...
1) From 41 to 413 = 907% total growth. 2) From 25 to 413 = ~1550% total growth.
In mid 2022, Litecoin hit a low of $40. In August 2024, Litecoin hit a low of $49.
➖ From June 2022 through August 2024, we have a 784 days long accumulation phase. Litecoin is preparing for a major bull-market; a major, huge, big, bullish wave.
Litecoin is ready and the accumulation zone is now active. It is a big range, as usual, and soon you will understand why.
We are defining Litecoin's accumulation zone price range as, $40-$65. Or it can be wider: $30-$70.
It is a wide range because growth potential is huge. Crypto is very volatile as the market is still relatively young.
We are looking at a long-term higher low, currently, but this can change. With this higher low in place, it implies a higher high next. A new all-time high in 2025.
Litecoin's ATH potential can go beyond $1,000, which is huge, considering the price at which the project trades now. That would be around 1,600% growth potential or 17X.
Now, smaller projects have higher potential for growth but at the same time, higher risk and volatility. Bigger projects have smaller potential for growth but at the same time, lower risk and better stability; see how that works?
And this is all without leverage... When using margin/leverage, the whole game becomes 5D. Just 2X, which is low risk, can make a huge difference... I will share some lessons on how to approach this market with leveraged trades in the future.
For now: No leverage, no margin = no risk. You are not trading, you are just buying a token, an altcoin, and that's how it goes. The risk is there only if you decide to trade.
Before engaging in more advanced trading, it is very wise to first become successful in spot trading or in the least be aware of the major losses that you will incur while you learn the other system, and you can become addicted along the way. It is not guaranteed that you will learn to win with leveraged trading. It can happen that you become an addict and a loser until you finally quit and that's it. If you can't make money slow, you won't be able to make money fast. If you can't appreciate the small wins, you won't be able to grab the big ones. It is very complex because it is all psychological. An entire volume would be required to explain the psychology of trading successfully.
Anyway, Litecoin is ready.
You know the strategy; buy and hold.
Think of the long-term... Prepare for a nice and long two years wait. We expect/hope that the market will move in one year but we prepare for two.
The only way to lose is to not have a plan or lack patience. If you plan ahead and develop patience; you won.
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