Monthly accumulation events pushes Grayscale LItecoin up
Someone is accumulating now on a monthly schedule, which has driven Grayscale Litecoin trust up 20%+ today. Prior, this has been a time for some to pull out but that is the worst time to sell IMHO. If you are underwater, and somebody is putting big money in, then again IMHO you should consider adding to your position. Obviously a great deal of risk but at a 20-30x potential upside, that may be worth it.
It is too early yet to tell whether the bump in price will stick or obviously whether we will see a parabolic run up in price. Keep an eye on the remainder of the month.
Not financial advice - do your own research, or seek the advice of a qualified professional. Trade safely. Great success this Fall!
It is too early yet to tell whether the bump in price will stick or obviously whether we will see a parabolic run up in price. Keep an eye on the remainder of the month.
Not financial advice - do your own research, or seek the advice of a qualified professional. Trade safely. Great success this Fall!
Comment:
Ended up over 30% for the day. Again, just one day.
