HOW TO TRADE/INVEST Litecoin (LTC)
READ AND THINK ...
After LTC had up trended to $93.66 on 2-9-2017, Charlie Lee (The creator of LTC) tweeted "Finally china banned bitcoin exchanges (Anonymous source i trust fully) there's only one response JUST HODL!" then he deleted that tweet and the price down trended to $32.98 on 15-9-2017.
After few weeks from China's FUD, LTC up trended to $106.40, $156.99 then up trending to $324 on 12-12-2017. Charlie Lee tweeted on 12-12-2017 "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!". After that tweet, LTC down trended to $245 on 15-12-2017. The price up trend again from $245 to $370.66 after Charlie Lee had tweeted the show with Oriel Morrison.
The price down trended to $185 on 22-12-2017 after Charlie Lee had tweeted "Why did he sell and donate all his LTC?!" as a first tweet then this tweet "2018 will be a good year for Litecoin!" as a second tweet in the same day on 20-12-2017.
The price was continuing to down trend at $194.18 until Charlie Lee tweeted this "Seeing how people lost trust because I sold makes me more convinced that it was the right move. Litecoin was too centralized and dependent on me. Eventually, for Litecoin to succeed, I need to step away. But I promise I won't do that until I've helped LTC climb back past the ATH." then the price up trend to $307 on 6-1-2018.
The price down trended to $215 then up trending to $270 on 14-1-2017 after Charlie Lee had tweeted "Korea bans Bitcoin FUD is the new China bans Bitcoin FUD." as a first tweet and re-tweeting "Honestly, this would work better as the Litecoin Chikun Bucket @kfc_canada" as a second tweet on 11-1-2017.
At this time, the price is stable a bit below $200 after the down trend had happened to $138 on 17-1-2018.
If we not gets a real upgrade, the price will not move in up trend with a stability price. So, i'm expecting the price will down slowly to $161.89 and $105.19 on Fibonacci Levels. May be the price up trend above $210 with some of Charlie Lee's tweets, but If the price up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price and the new support will be $138 instead of $32.98
Don't build your trade/invest by only Patterns and Technical Analysis in Crypto Market. New investors fall in this trap by listening to fake news and hype.
Hope to you a Good Profit!
After LTC had up trended to $93.66 on 2-9-2017, Charlie Lee (The creator of LTC) tweeted "Finally china banned bitcoin exchanges (Anonymous source i trust fully) there's only one response JUST HODL!" then he deleted that tweet and the price down trended to $32.98 on 15-9-2017.
After few weeks from China's FUD, LTC up trended to $106.40, $156.99 then up trending to $324 on 12-12-2017. Charlie Lee tweeted on 12-12-2017 "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!". After that tweet, LTC down trended to $245 on 15-12-2017. The price up trend again from $245 to $370.66 after Charlie Lee had tweeted the show with Oriel Morrison.
The price down trended to $185 on 22-12-2017 after Charlie Lee had tweeted "Why did he sell and donate all his LTC?!" as a first tweet then this tweet "2018 will be a good year for Litecoin!" as a second tweet in the same day on 20-12-2017.
The price was continuing to down trend at $194.18 until Charlie Lee tweeted this "Seeing how people lost trust because I sold makes me more convinced that it was the right move. Litecoin was too centralized and dependent on me. Eventually, for Litecoin to succeed, I need to step away. But I promise I won't do that until I've helped LTC climb back past the ATH." then the price up trend to $307 on 6-1-2018.
The price down trended to $215 then up trending to $270 on 14-1-2017 after Charlie Lee had tweeted "Korea bans Bitcoin FUD is the new China bans Bitcoin FUD." as a first tweet and re-tweeting "Honestly, this would work better as the Litecoin Chikun Bucket @kfc_canada" as a second tweet on 11-1-2017.
At this time, the price is stable a bit below $200 after the down trend had happened to $138 on 17-1-2018.
If we not gets a real upgrade, the price will not move in up trend with a stability price. So, i'm expecting the price will down slowly to $161.89 and $105.19 on Fibonacci Levels. May be the price up trend above $210 with some of Charlie Lee's tweets, but If the price up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price and the new support will be $138 instead of $32.98
Don't build your trade/invest by only Patterns and Technical Analysis in Crypto Market. New investors fall in this trap by listening to fake news and hype.
Hope to you a Good Profit!
Trade active:
On 20-1-2018
The price up trended to $215 with some of Charlie Lee's tweets and down trending again to $164.27.
Target 1
If the price up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price to $400 and the new support will be $138 instead of $32.98
Target 2
If the price down trend below $160, we will see $122.46 and $105.19
Advice: If you can't handle your trade without losing, Don't buy or holding for long term investment.
Hope to you a good profit.
The price up trended to $215 with some of Charlie Lee's tweets and down trending again to $164.27.
Target 1
If the price up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price to $400 and the new support will be $138 instead of $32.98
Target 2
If the price down trend below $160, we will see $122.46 and $105.19
Advice: If you can't handle your trade without losing, Don't buy or holding for long term investment.
Hope to you a good profit.
Trade active:
On 2-2-2018
The price down trend to $107 and bouncing to $175 on 4-2-2018 then down trending again to $107 on 6-2-2018
Today 14-2-2018, the price up trends from $107 on 6-2-2018 to $216.99 after publishing some of charlie's tweets and breaking $200's wall.
TARGET 1 "still pending"
- If LTC up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price to $400 and the new support will be $107 instead of $32.98
TARGET 2
- $122.46 Done!
- If LTC breaks $109.75, we will see $96.25 and $86
The price down trend to $107 and bouncing to $175 on 4-2-2018 then down trending again to $107 on 6-2-2018
Today 14-2-2018, the price up trends from $107 on 6-2-2018 to $216.99 after publishing some of charlie's tweets and breaking $200's wall.
TARGET 1 "still pending"
- If LTC up trend to $241.53 without Charlie Lee's tweets (Normal Growth), we will see a new stability price to $400 and the new support will be $107 instead of $32.98
TARGET 2
- $122.46 Done!
- If LTC breaks $109.75, we will see $96.25 and $86
Trade closed: target reached:
TARGET 2 has reached on 22-6-2018
Closed at $84.47
Closed at $84.47
Trade closed: target reached:
Finally, LTC found the bottom at $22.54 on 14-12-2018