Litecoin: The Party Starts at $145
When market conditions are bullish across one asset class, it's natural for certain assets in that class to outperform others. If the semiconductor class was doing well, you wouldn't expect NVIDIA to be up exactly the same percentage gain as INTEL. When one outperforms the other, the market usually tends to find value in the under performer with the logic being obvious; if there's gold here, there must be gold 5 feet away. Such may be the case for Litecoin in the medium term. Pay attention to under performers. BTC hit 2x its previous all time high, while LTC barely achieved half of its respective all time high. There is no obvious reason why; considering the close relationship between the pair. When the market has turned a blind eye, it's time to create what will be the FOMO train. Only, you're the first on board.
First, LTC needs weekly candle close above its major resistance of ~145 US Dollars. This does depend on Bitcoin's performance, but considering Litecoin's market cap in comparison, we may see much larger percentage gains for Litecoin. The reward/risk is speaking for itself. If you can luckily manage to buy sub $100 LTC, do so. Until then, I think there is still value at these levels while the market is sleeping.
First, LTC needs weekly candle close above its major resistance of ~145 US Dollars. This does depend on Bitcoin's performance, but considering Litecoin's market cap in comparison, we may see much larger percentage gains for Litecoin. The reward/risk is speaking for itself. If you can luckily manage to buy sub $100 LTC, do so. Until then, I think there is still value at these levels while the market is sleeping.
Zlecenie aktywne
Entry taken at $130Uwaga
The party has started.Uwaga
the party continues.
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