I was screaming to buy LTC at $73, becaue there was value. There is still value on LTC. BTC achieved 2x its previous all time high, while litecoin is yet to reach half its respective high of ~ $400. However, that thinking alone won't make you money. LTC is still a value buy for other reasons. Namely, as far as the 4h goes, LTC is holding the 200ema and bullishly engulfing it. We are aware that the Litecoin show depends on bitcoin, which is likely to test $40,000 again. It would be strange if BTC would never test $50,000. Stats on price action show that market participants carry price to round numbers (i.e 05, 1,2,3, 10 etc..). This is stronger at the 09 to 10 area, whereby whenever a security reaches $90, it reaches $100 over 95% of the time. This also occurs in other instances in nature.
While the oppurtunity to buy LTC does not hold a light to the previous oppurtnity at $73, some edge can still be found on this market.
While the oppurtunity to buy LTC does not hold a light to the previous oppurtnity at $73, some edge can still be found on this market.
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Hope everyone is paying attention.