Vertcoin - Pretty Much LitecoinI've done very little research into this coin but I recall it having the same supply and blocktime and characteristics as Litecoin.
Since Litecoin has had its less-than-venerable idiot of a founder, Charlie Lee, depart, I feel like Litecoin is on the way down and coins will come to fill its place on the market.
Vertcoin is a natural since it's pretty much Litecoin.
Ignoring all of that type of nonsense, this is a 3-Day chart and it's in a giant bull flag after a breakout of a huge descending triangle. Willy 21 and stoch are super oversold and I feel another move up is incoming.
This coin is a hell of a buy at a $4 USD equivalent considering Litecoin was trading as high as $400.
Recommend highly taking profits at ~155k Sats, but assuming a break up to the 1.618 uptrace and a stop below the ramp line created by the breakout, we have an absolutely astonishing 29:1 Risk-Reward ratio.
This trade is a longer-term trade. Volume is still low on this coin. As it picks up, expect big moves.
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VERTCOINUSD
Is VTC about to pump to $14? - 140% Gain?Over the last flag runs we've seen a pull back of nearly 35%, this time it's no different. If we pull back up into the $6.38 range we should see nice steady growth over the next week to $14. What do you think?
Vertcoin Looking Good!I really like Vertcoins chart, I like how it has been consolidating after making a move higher. For me, this is a long-term hold.
Vertcoin Long Term PositionVertcoin recently activated segwit, increasing its price. Vertcoin is still expected to go up but the demand will fade out with more and more competitors. However, as they update the technology again and the difficulty target's epoch time, Vertcoin will be expected to continue going up in value. Overall it is medium to high risk with expected conservative returns and positive correlations in a long term holding.
Vertcoin Possible LongVertcoin coming out of the downtrend, as seen in the regression line since its previous highs. The price is stabilizing around fib levels and should be due to break out very soon.
Entry now for long
Expecting a 20%+ Gain until next real sell off
Watch this price closely as it could as always present a bear trap on the triangle pattern. Wait for the volume to be present.
Happy Trading!