As the litecoin halving nears by and we had a massive run on bitcoin price, I am wondering if this is time to go long on litecoin.
This is what I am doing at the moment.
Long at the current price of 0.010265
Target 0.0135 as shown
Stop Loss just below the lowest point.
This may just be a loss trade as there is no TA to back it up to other than halving nearing and the price of bitcoin may stall for sometimes to cool off....
Price of bitcoin increased very fast.
I was expecting a few more days before the price to reach the high as it did.
Now, we have to see what happens with the price. If the price consolidates, then litecoin might increase in price here.
This is absolutely a very risky trade for me.
Disclaimer
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained here are provided as general market information for educational and entertainment purposes only and do not constitute investment advice. My bullshit statements should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I do not recommend the use of technical analysis or any analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. I have no clue about PAST PERFORMANCE or any INDICATIVE FUTURE RESULTS.
This is what I am doing at the moment.
Long at the current price of 0.010265
Target 0.0135 as shown
Stop Loss just below the lowest point.
This may just be a loss trade as there is no TA to back it up to other than halving nearing and the price of bitcoin may stall for sometimes to cool off....
Price of bitcoin increased very fast.
I was expecting a few more days before the price to reach the high as it did.
Now, we have to see what happens with the price. If the price consolidates, then litecoin might increase in price here.
This is absolutely a very risky trade for me.
Disclaimer
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained here are provided as general market information for educational and entertainment purposes only and do not constitute investment advice. My bullshit statements should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I do not recommend the use of technical analysis or any analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. I have no clue about PAST PERFORMANCE or any INDICATIVE FUTURE RESULTS.
Trade closed: stop reached