LONG: RESILIENCE - LTC Attacking while the market falls
Hi all,
LTC is a great pick up for those who hate downside risk, love upside risk. This has a fantastic up/down risk ratio - for those who don't know about this theory, I highly suggest studying it. Unlike it's other top 10 brothers like XRP which I think has average up/down since its boom (don't get me wrong XRP has fantastic swing trading potential as it has reliable resists and supports)
LTC has a 20-30% downside to it (though even through the crash it hasn't dropped a beat, showing its resilience), while it's upside follows BTC - 200-1000% for those that PATIENTLY hold it. A guesstimate would be a 2:1-10:1 reward/risk ratio. This is not a coin that you hold for quick gains. Also LTC has some fantastic charts showing strong and reliable resistances and supports, so refer to my graph for those if you'd like to swing trade
It's a good time to pick up LTC or long margin it. BTC is having issues, LTC has much potential to be picked up with more exposure and marketing - it is currently a superior version to Bitcoin and the community is absolutely superb. It is a coin that has held up in the test of time, and I believe it will continue for those long holders. I personally have a long margin in it, picked up a significant piece but didn't want to sacrifice my other investments. Due to its low downside risk, getting margin called should be rare.
Margin calling - I personally do NOT trade margin unless my account is at least 90%+ (if not 100%). I treat it as an extension of my current capital. This way I will never be margin called, and I can effectively consider it as my own capital with 2% yearly interest rate.
LTCBTC
LTCBTC
LTC is a great pick up for those who hate downside risk, love upside risk. This has a fantastic up/down risk ratio - for those who don't know about this theory, I highly suggest studying it. Unlike it's other top 10 brothers like XRP which I think has average up/down since its boom (don't get me wrong XRP has fantastic swing trading potential as it has reliable resists and supports)
LTC has a 20-30% downside to it (though even through the crash it hasn't dropped a beat, showing its resilience), while it's upside follows BTC - 200-1000% for those that PATIENTLY hold it. A guesstimate would be a 2:1-10:1 reward/risk ratio. This is not a coin that you hold for quick gains. Also LTC has some fantastic charts showing strong and reliable resistances and supports, so refer to my graph for those if you'd like to swing trade
It's a good time to pick up LTC or long margin it. BTC is having issues, LTC has much potential to be picked up with more exposure and marketing - it is currently a superior version to Bitcoin and the community is absolutely superb. It is a coin that has held up in the test of time, and I believe it will continue for those long holders. I personally have a long margin in it, picked up a significant piece but didn't want to sacrifice my other investments. Due to its low downside risk, getting margin called should be rare.
Margin calling - I personally do NOT trade margin unless my account is at least 90%+ (if not 100%). I treat it as an extension of my current capital. This way I will never be margin called, and I can effectively consider it as my own capital with 2% yearly interest rate.
LTCBTC
LTCBTC
Comment:
Well what do you know...