HOW TO TRADE/INVEST Litecoin (LTC)
Updated
READ AND THINK ...
After LTC had up trended to $93.66 on 2-9-2017, Charlie Lee (The creator of LTC) tweeted "Finally china banned bitcoin exchanges (Anonymous source i trust fully) there's only one response JUST HODL!" then he deleted that tweet and the price down trended to $32.98 on 15-9-2017.
After few weeks from China's FUD, LTC up trended to $106.40, $156.99 then up trending to $324 on 12-12-2017. Charlie Lee tweeted on 12-12-2017 "Ok, sorry to spoil the party, but I need to reign in the excitement a bit...Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy!". After that tweet, LTC down trended to $245 on 15-12-2017. The price up trend again from $245 to $370.66 after Charlie Lee had tweeted the show with Oriel Morrison.
The price down trended to $185 on 22-12-2017 after Charlie Lee had tweeted "Why did he sell and donate all his LTC?!" as a first tweet then this tweet "2018 will be a good year for Litecoin!" as a second tweet in the same day on 20-12-2017.
The price was continuing to down trend at $194.18 until Charlie Lee tweeted this "Seeing how people lost trust because I sold makes me more convinced that it was the right move. Litecoin was too centralized and dependent on me. Eventually, for Litecoin to succeed, I need to step away. But I promise I won't do that until I've helped LTC climb back past the ATH." then the price up trend to $307 on 6-1-2018.
The price down trended to $215 then up trending to $270 on 14-1-2017 after Charlie Lee had tweeted "Korea bans Bitcoin FUD is the new China bans Bitcoin FUD." as a first tweet and re-tweeting "Honestly, this would work better as the Litecoin Chikun Bucket @kfc_canada" as a second tweet on 11-1-2017.
At this time, the price is stable a bit below $200 after the down trend had happened to $138 on 17-1-2018.
If we not gets a real upgrade, the price will not move in up trend with a stability price. So, i'm expecting the price will down slowly to $161.89 and $105.19 on Fibonacci Levels. May be the price up trend above $210 with some of Charlie Lee's tweets, but If the price up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price and the new support will be $138 instead of $32.98
Don't build your trade/invest by only Patterns and Technical Analysis in Crypto Market. New investors fall in this trap by listening to fake news and hype.
Hope to you a Good Profit!
After LTC had up trended to $93.66 on 2-9-2017, Charlie Lee (The creator of LTC) tweeted "Finally china banned bitcoin exchanges (Anonymous source i trust fully) there's only one response JUST HODL!" then he deleted that tweet and the price down trended to $32.98 on 15-9-2017.
After few weeks from China's FUD, LTC up trended to $106.40, $156.99 then up trending to $324 on 12-12-2017. Charlie Lee tweeted on 12-12-2017 "Ok, sorry to spoil the party, but I need to reign in the excitement a bit...Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy!". After that tweet, LTC down trended to $245 on 15-12-2017. The price up trend again from $245 to $370.66 after Charlie Lee had tweeted the show with Oriel Morrison.
The price down trended to $185 on 22-12-2017 after Charlie Lee had tweeted "Why did he sell and donate all his LTC?!" as a first tweet then this tweet "2018 will be a good year for Litecoin!" as a second tweet in the same day on 20-12-2017.
The price was continuing to down trend at $194.18 until Charlie Lee tweeted this "Seeing how people lost trust because I sold makes me more convinced that it was the right move. Litecoin was too centralized and dependent on me. Eventually, for Litecoin to succeed, I need to step away. But I promise I won't do that until I've helped LTC climb back past the ATH." then the price up trend to $307 on 6-1-2018.
The price down trended to $215 then up trending to $270 on 14-1-2017 after Charlie Lee had tweeted "Korea bans Bitcoin FUD is the new China bans Bitcoin FUD." as a first tweet and re-tweeting "Honestly, this would work better as the Litecoin Chikun Bucket @kfc_canada" as a second tweet on 11-1-2017.
At this time, the price is stable a bit below $200 after the down trend had happened to $138 on 17-1-2018.
If we not gets a real upgrade, the price will not move in up trend with a stability price. So, i'm expecting the price will down slowly to $161.89 and $105.19 on Fibonacci Levels. May be the price up trend above $210 with some of Charlie Lee's tweets, but If the price up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price and the new support will be $138 instead of $32.98
Don't build your trade/invest by only Patterns and Technical Analysis in Crypto Market. New investors fall in this trap by listening to fake news and hype.
Hope to you a Good Profit!
Trade active
On 20-1-2018The price up trended to $215 with some of Charlie Lee's tweets and down trending again to $164.27.
Target 1
If the price up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price to $400 and the new support will be $138 instead of $32.98
Target 2
If the price down trend below $160, we will see $122.46 and $105.19
Advice: If you can't handle your trade without losing, Don't buy or holding for long term investment.
Hope to you a good profit.
Trade active
On 2-2-2018The price down trend to $107 and bouncing to $175 on 4-2-2018 then down trending again to $107 on 6-2-2018
Today 14-2-2018, the price up trends from $107 on 6-2-2018 to $216.99 after publishing some of charlie's tweets and breaking $200's wall.
TARGET 1 "still pending"
- If LTC up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price to $400 and the new support will be $107 instead of $32.98
TARGET 2
- $122.46 Done!
- If LTC breaks $109.75, we will see $96.25 and $86
Trade closed: target reached
TARGET 2 has reached on 22-6-2018Closed at $84.47
Trade closed: target reached
Finally, LTC found the bottom at $22.54 on 14-12-2018
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.