I admire Charlie Lee and i think Litecoin has tremendous value. The value of the asset lies in its secure network, liquid market and relationship with Bitcoin. LTC is listed on more exchanges than ETH while being supported by over nine payment processors.
However the rationale for this trade has little to do with the assets true value. My argument would be that the inherent value of the coin is irrelevant because the market is completely irrational and highly volatile. The value therefor lies in taking advantage of the volatility.
-LTCUSDT has a historical habit of making vertical gains directly from its Point of Control POC (price point at which most trade volume takes place). In Q4 of 2017 LTCUSDT increased 600% increase over a one month time frame.
Currently Litecoin is sitting in its long term Point of Control POC. *Please note the current POC is valid when looking at LTCUSDT over the past 3,6,9, 12 & 15 months.
The BEARS could could take the price lower and we SHORT LTCUSDT as a safety measure. The real value however lies in the LONG play. We cannot afford not to be involved when the value of a coin could ascent almost vertically. Details of the LONG play listed on the graph
Have a look this XRPUSDT XRPUSD XRPBTC graph as a perfect example of what you cannot afford to miss out on.
However the rationale for this trade has little to do with the assets true value. My argument would be that the inherent value of the coin is irrelevant because the market is completely irrational and highly volatile. The value therefor lies in taking advantage of the volatility.
-LTCUSDT has a historical habit of making vertical gains directly from its Point of Control POC (price point at which most trade volume takes place). In Q4 of 2017 LTCUSDT increased 600% increase over a one month time frame.
Currently Litecoin is sitting in its long term Point of Control POC. *Please note the current POC is valid when looking at LTCUSDT over the past 3,6,9, 12 & 15 months.
The BEARS could could take the price lower and we SHORT LTCUSDT as a safety measure. The real value however lies in the LONG play. We cannot afford not to be involved when the value of a coin could ascent almost vertically. Details of the LONG play listed on the graph
Have a look this XRPUSDT XRPUSD XRPBTC graph as a perfect example of what you cannot afford to miss out on.