LTCN should be trading close to 12.0 with underlying LTC at these prices. This represents a 40% upside for LTCN just to catch up. It's way oversold here and there's massive divergence on the Daily MACD. BUY BUY BUY. After that it depends where LTC goes but we've seen before that LTCN can trade at huge premiums when shares are under lockup. Massive opportunity for a quick buck. I entered at 6.90.
Kommentar:
Seems as I was a couple weeks early, but my goal wasn't to time the bottom. I wanted more crypto exposure and was using the arbitrage opportunity as a hedge against a downturn. The NAV is still over 9 dollars, representing a 37% upside from my initial buy. This trade is still very much in play, just don't use leverage or force yourself to liquidate too soon.