Date : Since 2013 ( 9 / 10 )
24 H : 42000 BTC ( 9 / 10 )
Available Markets* ( 10 / 10 )
Social Media Rate ( 6 / 10 )
Ranks **7 ( 9 / 10 )
Website ( 6 / 10 )
Type Cryptocurrency ( Silver Bitcoin )
Overall ( 8 /10 )
Charlie Lee said on Dec 17, 2017 at 2.51 pm : 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!
On Dec 2017 at 3.15pm : Not saying it will drop that low, but investors need to be able to withstand that big of a drop . It will shake people out otherwise.
Every pump I've seen has been followed by a bear cycle. The market needs time to consolidate. That's just my experience from 6+ years of watching this space. How low and how long it will be is unclear. But people need to be aware of this possibility.
if you are in crpto less than a year, You have to read https://twitter.com/satoshilite/status/9...
before start to trade / invest it.
Are you looking for a target level to buy? Dont ask me. Listen to Charlie.
I have been in crypto almost 2 year, He has been there almost 6 years!!
Even I respect Charlie's idea, I will start the accumulate my first LTC bag in 2018 from this level. 85 % down from ATH . It is enough for me to start for LTC.
My next buy levels are at $38 and $20.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points