It will definitely go higher but, let's do it step by step. Litecoin is setting itself to move up with targets being first $199 and then $283, these are the main targets for this bullish jump.
It will go higher of course but the market tends to fluctuate, never straight down but also never straight up. It advances nicely and then stops, a stop that you sense can last only a few days can result in a correction lasting more than an entire month. When you see this happening, you question yourself, "Why didn't I sell when prices were up?"
And the same pattern repeats; over and over, again and again. Now, Litecoin will produce a new bullish wave. The retrace can last 3 weeks rather than 6 weeks. It can last 12 weeks rather than 6 weeks, I don't know. So, instead of being 100% right or 100% wrong, we can sell portions at each target and just be happy/grateful with the results. Or, we can plan ahead... Focus on maximizing profits because Litecoin is ready to grow, the continuation of the bullish move; the next "leg-up."
» Litecoin Exchange-Traded Fund (LTC ETF).
Do you think this is bullish? Think about Bitcoin's ETFs results. It can be mixed at first, volatility, but the end is always bullish. Strongly bullish. Hyper-bullish. Litecoin is very small compared to Bitcoin. It can be a major boom!
Thanks a lot for your support.
Namaste.
It will go higher of course but the market tends to fluctuate, never straight down but also never straight up. It advances nicely and then stops, a stop that you sense can last only a few days can result in a correction lasting more than an entire month. When you see this happening, you question yourself, "Why didn't I sell when prices were up?"
And the same pattern repeats; over and over, again and again. Now, Litecoin will produce a new bullish wave. The retrace can last 3 weeks rather than 6 weeks. It can last 12 weeks rather than 6 weeks, I don't know. So, instead of being 100% right or 100% wrong, we can sell portions at each target and just be happy/grateful with the results. Or, we can plan ahead... Focus on maximizing profits because Litecoin is ready to grow, the continuation of the bullish move; the next "leg-up."
» Litecoin Exchange-Traded Fund (LTC ETF).
Do you think this is bullish? Think about Bitcoin's ETFs results. It can be mixed at first, volatility, but the end is always bullish. Strongly bullish. Hyper-bullish. Litecoin is very small compared to Bitcoin. It can be a major boom!
Thanks a lot for your support.
Namaste.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.