Litecoin - Will make you a lot of cheese
Everything in crypto is cyclical, that means that alt season is coming back again. How do you get ready for the season? What are some of the best alts to buy? The best thing to do is to load up on high performing alts and one of these is Litecoin. Let's look at it from this perspective; Litecoin has hit $400 and on the next move it will hit $400.00 again and then some. This high performer is at 75% off right now and it looks like it can go lower. I started to load up once it hit $57.00 and will buy my final batch at around $22.00. Why $22? I believe a lot of these coins will try to double bottom and $22 is it for Litecoin. I will not buy anymore unless it hits 22.00 or below. I will instead look into other alts if the powers that be don't come through.
Let's do the math; If you buy $5,000 LTC at $22 that's 227.27 Litecoins and when we hit all-time high again at $400.00 that's $90,000. Nothing in this scenario is impossible. Now, I 100% recommend only playing with the money you have left, or just use a much smaller amount to test out this scenario. Do not put the money you can't afford to lose into this high-risk asset class until you learn more about Technical Analysis and trading in general. In trading there is a rule big banks and investment firms go by; It's called the 90/90/90 rule. Which means that 90% of investors will lose 90% of their money in just 90 days. Remember that everyone is after your money, the smart thing to do is only put it at play when the bottom is in. If you don't catch this bottom, well that's fine because there will be another bottom in just a few weeks.
In the coming weeks, we'll play a little game of "double my money." We'll take a small amount like $500.00 and turn it into $1000.00, that into 2k and so on... All we can lose is $500.00 but the profit we can make is infinite.
Let's do the math; If you buy $5,000 LTC at $22 that's 227.27 Litecoins and when we hit all-time high again at $400.00 that's $90,000. Nothing in this scenario is impossible. Now, I 100% recommend only playing with the money you have left, or just use a much smaller amount to test out this scenario. Do not put the money you can't afford to lose into this high-risk asset class until you learn more about Technical Analysis and trading in general. In trading there is a rule big banks and investment firms go by; It's called the 90/90/90 rule. Which means that 90% of investors will lose 90% of their money in just 90 days. Remember that everyone is after your money, the smart thing to do is only put it at play when the bottom is in. If you don't catch this bottom, well that's fine because there will be another bottom in just a few weeks.
In the coming weeks, we'll play a little game of "double my money." We'll take a small amount like $500.00 and turn it into $1000.00, that into 2k and so on... All we can lose is $500.00 but the profit we can make is infinite.
Related publications
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.