History repeats itself, especially in crypto market, as there's not much fundamental support to these assets these days.
We shall be excited, as god gives us a second chance to engage crypto/blockchain revolution at a reasonable price level.
Litecoin halving might bring us the first bull run of 2019, roughly from May or June to July or early August, for the following reasons:
1 Tax season at late March, early April, not only traders (though this year might not be significant), but also miners, stakers will be affected.
2 Litecoin halving in August, but market will react months before that, and will realize profit after that (same as buy the rumor, sell the news).
So get ready for the potential big bull run, and LTCUSD shall be the best trading pair you would like to choose:
Strategy:
1 Wait for or Short after final bounce to the bottom: BTC has not yet reached bottom, so does LTC, I would say 15-20 dollars as reasonable level
2 Long during the bull run and exit when price target 75-80 dollars (4-5x from bottom as history implies, may subject to change) is reached
P.S. 75-80 dollars is a higher resistance zone above 50 dollars (like 6k to BTC), in 2015, LTCUSD price shot through 5 dollars (like 50 dollars to LTC and 6k to BTC today) during the halving bull run, and reached higher resistance zone. Check blow:
We shall be excited, as god gives us a second chance to engage crypto/blockchain revolution at a reasonable price level.
Litecoin halving might bring us the first bull run of 2019, roughly from May or June to July or early August, for the following reasons:
1 Tax season at late March, early April, not only traders (though this year might not be significant), but also miners, stakers will be affected.
2 Litecoin halving in August, but market will react months before that, and will realize profit after that (same as buy the rumor, sell the news).
So get ready for the potential big bull run, and LTCUSD shall be the best trading pair you would like to choose:
Strategy:
1 Wait for or Short after final bounce to the bottom: BTC has not yet reached bottom, so does LTC, I would say 15-20 dollars as reasonable level
2 Long during the bull run and exit when price target 75-80 dollars (4-5x from bottom as history implies, may subject to change) is reached
P.S. 75-80 dollars is a higher resistance zone above 50 dollars (like 6k to BTC), in 2015, LTCUSD price shot through 5 dollars (like 50 dollars to LTC and 6k to BTC today) during the halving bull run, and reached higher resistance zone. Check blow: