What is the fate of Litecoin now will it go up or down
We have discussed several investments at length; rating from stocks, Forex to bonds. We have seen the Crypto rush of 2017 but what is the fate of Crypto-currencies now.
In this post we look at Litecoin; one of the promising crpto-currencies.
We have discussed several investments at length; rating from stocks, Forex to bonds. We have seen the Crypto rush of 2017 but what is the fate of Crypto-currencies now.
In this post we look at Litecoin; one of the promising crpto-currencies.
Things that could spore Litecoin up
- Litecoin is one of the good crypto-currencies however for a currency to go beyond just being a technology people must begin to use it. Watch out for when people are starting to accept Litecoin and buy it.
- People are afraid to invest in these things because they will crash. Their true value is not known by anybody more so they are worth several times than gold which is more valuable (as it is physical). The fear of market crash has to fade away for these to rise again. watch out for the time when people begin to have faith in Litecoin again.
- The third thing that could spore Litecoin up is upward surge of interest by the buyers. if more people begin to buy the currency the currency will go up as Litecoin did.
Things that could spore LiteCoin Down
- Any form of catastrophe to e-payments such as hacking, servers going down could crash the crpto-world. They are all digital currencies
- Should people for any reason begin to sell crypto suddenly. Such can arise not from real market event but from profit taking and people reacting to news
How should I trade it now?
Should any of these events fail to occur the market will continue to rise and fall based on speculation. In that case you are to trade it as one would trade Foreign Exchange Currencies.
- Litecoin is one of the good crypto-currencies however for a currency to go beyond just being a technology people must begin to use it. Watch out for when people are starting to accept Litecoin and buy it.
- People are afraid to invest in these things because they will crash. Their true value is not known by anybody more so they are worth several times than gold which is more valuable (as it is physical). The fear of market crash has to fade away for these to rise again. watch out for the time when people begin to have faith in Litecoin again.
- The third thing that could spore Litecoin up is upward surge of interest by the buyers. if more people begin to buy the currency the currency will go up as Litecoin did.
Things that could spore LiteCoin Down
- Any form of catastrophe to e-payments such as hacking, servers going down could crash the crpto-world. They are all digital currencies
- Should people for any reason begin to sell crypto suddenly. Such can arise not from real market event but from profit taking and people reacting to news
How should I trade it now?
Should any of these events fail to occur the market will continue to rise and fall based on speculation. In that case you are to trade it as one would trade Foreign Exchange Currencies.
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| use moving averages 24 to trade these currencies right now buy Bitcoin |
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