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RE: LITECOIN (LTC) is Re-Approaching the 0.618 Fibonacci Zone Which Needs to Hold as Support
"Litecoin" has been on a downtrend ever since I started following cryptocurrency. "Litecoin" has been one of the most profound reasons I got interested in altcoins and cryptocurrency. "Ripple" is another reason why I became interested too. However, those 2 coins have not been doing well as of recent and have been on a continual downtrend since there peaks back in late December 2017. So I don't see Litecoin doing a breakout anytime soon but rather a breakdown and a further downtrend.
its a given that alt coins are going to drop..they have been over valued by speculation..Until we get rid of that and the volatility stops then the mainstream won't touch them until there is an economic crash...which is coming....I bought LTC at $23.....
tell me more, which coins are you watching. as i see i must stay away from them 😀
Just keep an eye on the king,"Bitcoin." As long as you have some Bitcoin in your portfolio or own coins that can be exchanged for Bitcoin you should be fine. Remember, cryptocurrency is still in it's infancy. Also invest in interactive coins like Steem that always you to build your portfolio due to involvement with the network. Another coin like that may be Golem who permits you to rent out your computer hardware space for golem coins that can be later traded in for Bitcoin or Fiat at a higher value. Side Note: Exodus wallet supports Golem. Everything else in the cryptocurrency market is way to volatile for my buck!
thanks. but i was more like. every coin that you 'watch' is going down. so i must keep away from the rest of them that you're also watching
Well yea they have gone down compared to the beginning of the year. I am not a day trader or short term investor like it seem you are. If you are a long term investor every coin I mentioned is up 100% from last year price so sorry for the confusion but these coins are excellent long term investments. Sell or stay away if you please. It will not affect the cryptocurrency market and it's annual upward pattern.
i'm in it for money. no deeper and profound reason for investing. i'm weak trader, so i lose now and then, but as you said. in the long run made it at least 100%
Why are you asking @Haejin? He just wants your UPVOTES. He don't care if you make any money on Crypto.
wasnt asking haejin. know who he is and dont like his reviews but the guy commenting was saying that the coins he's watching are dropping. so beware of the guy and of the coins he's watching. he might be jinxed