February will be a deciding month for LTC and Crypto in general. Was comforting to see BTC bounce off 8000.
I remain neutral but I have taken advantage of this dip near support. GLTA
Fundamentals to keep on mind:
- Fed rate hike
- markets preparing to pullback
- Chinese New Year
- Tons of FUD Around the crypto space (media, talking heads, etc)
* My theory: Comaparing to the Dotcom bubble burst (55 trillion) the Crypto market cap is not even close. Also the Dotcom bubble was dominated by wall street when the crypto bubble is predominantly dominated by retail investors and enthusiasts. The FUD being sput by Wall Street can be tactics to get in at a good price while driving out retail (equities has exposed me to these tactics by big money). If you bought near highs I sympthatize for you but myself loaded up on majority of LTC last summer and I have been buying this past week. Things are going to get interesting this month, stand by and be safe!
LTCUSD
I remain neutral but I have taken advantage of this dip near support. GLTA
Fundamentals to keep on mind:
- Fed rate hike
- markets preparing to pullback
- Chinese New Year
- Tons of FUD Around the crypto space (media, talking heads, etc)
* My theory: Comaparing to the Dotcom bubble burst (55 trillion) the Crypto market cap is not even close. Also the Dotcom bubble was dominated by wall street when the crypto bubble is predominantly dominated by retail investors and enthusiasts. The FUD being sput by Wall Street can be tactics to get in at a good price while driving out retail (equities has exposed me to these tactics by big money). If you bought near highs I sympthatize for you but myself loaded up on majority of LTC last summer and I have been buying this past week. Things are going to get interesting this month, stand by and be safe!
LTCUSD