Lanmar
Long

Charlie Lee, Founder of Litecoin sold all his LTC. Should you?

COINBASE:LTCUSD   Litecoin / Dollar
For those holding nice profits, don't pay any attention to Charlie Lee's trading activity. The founders of all these coins know just as much or as little as you do on price.

For those interested in crypto for the first time and want a cheap coin (relative to others on Coinbase), see if you could buy some at $300. Sell signal applies to both new entries and old (Not applicable to HODL'ers). I personally am all about rotation, so I see greater returns in other cryptos. I still own some Litecoin, but much less than I did at $340. At $300 -$290 I will look again to see if a rotation back into LTC will be worth it.

Previous analysis:

Kommentar: Sell signals across the board for majority of crypto.
Kommentar: This huge correction was potentially a MAJOR bear trap
What about now?
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He sold his lite coin to avoid any conflict of interest arguments, it had nothing to do with the market anyway.
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Lanmar OliviaScherber
@OliviaScherber, Exactly
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DerrickBerg OliviaScherber
@OliviaScherber, Yeah watch it hit $1,000 in 2018 he will be hurt lol
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Good one Lanmar!!
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aaron655 aaron655
@aaron655, interestingly, the Bitfinex chart is so much different...
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Lanmar aaron655
@aaron655, thx Aaron. Great point on different chart picture.. Although if you look at the structure on bitfinex, you should notice the sell signal is 240, which is about the same as this after its average $10 differential. Bitfinex definitely looks a lot more bearish than this chart, but still shows strong support in the 290s.
+1 Antworten
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