Litecoin

Moon

Show

<p>Litecoin (LTC) has recently been the subject of intense scrutiny. Crypto analyst Tony (@CryptoTony__) recently <a href="https://twitter.com/CryptoTony__/status/1688464745790111744?s=20" target="_blank" rel="noopener noreferrer nofollow">shared </a>his observations on the LTC market, noting a lack of momentum leading into the halving event. Tony is currently out of a position but is closely monitoring the $65.77 level, indicating a potential short sell if the price dips below this threshold.</p> 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh3.googleusercontent.com/jTqksN2Yw3aYvCSf2wIH1Cy0CNpZPhGRDxNhtwXjBW8I_vVeMjUx3Spyy3nrm_zAUIZC6XOMhy5IiHmSvwMw2J2ibF19jtBxzzpxCQiM-LK1GEnmKvp8pNFCYewe41FzDC7vwR2g3EfR3P4lQ-W26L4" alt=""> 
</figure> 
<p>However, Moon Dev (@MoonDevOnYT), a fellow crypto enthusiast, has a different perspective. He emphasizes the inherent uncertainty of the crypto market, cautioning against relying solely on past patterns and market events like ‘halving.’ While these events can sometimes trigger market movements, they are not guaranteed indicators of price hikes or drops.</p> 
<p>Moon Dev also warns about the high risks of short selling, especially in a volatile market like cryptocurrency. Instead, he advocates for trading based on a comprehensive understanding of current market dynamics. He agrees with Tony on the significance of the $65.77 level for LTC, describing it as an “interesting setup.”</p> 
<p>Litecoin is exhibiting bearish sentiment, with a price decrease of 0.42% over the last 24 hours. This downward trend may support Tony’s short-selling strategy if the price falls below $65.77. However, Moon Dev’s cautionary advice about the risks of short selling and the unpredictability of the crypto market should be noticed.</p> 
<figure class="wp-block-image size-large"> <a href="https://coinstats.app/coins/litecoin/" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" width="1024" height="733" src="https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-1024x733.png" alt="" class="wp-image-306996" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-1024x733.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-300x215.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-767x549.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-1536x1100.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-2048x1466.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-210x150.png 210w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-100x72.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-489x350.png 489w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1-788x564.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/download-4-1.png 915w" sizes="(max-width: 1024px) 100vw, 1024px"></a> 
</figure> 
<p>Investors considering short-selling LTC at $65.77 should weigh both perspectives. While short selling can yield significant returns if the price continues to fall, it also carries substantial risk if it unexpectedly rebounds. As Moon Dev suggests, a comprehensive market understanding should guide investment decisions rather than speculation or past patterns.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Unibot: Trading Intelligence that Makes You 7x More Successful! 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Discover the edge in crypto trading with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Unibot" href="https://captainaltcoin.com/go/unibot/" data-shortcode="true">Unibot</a> – a user-friendly Telegram bot that boasts a 35% profitability rate amongst users, seven times higher than the average trader (only 5% of traders are profitable)! <br><br>Experience top-notch features like decentralized copytrading, DEX-based limit orders, and protection against MEV bots. <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Unibot" href="https://captainaltcoin.com/go/unibot/" data-shortcode="true"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Click to connect with Unibot <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"></a>! </p> 
    <p></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<p>In conclusion, the crypto market’s inherent volatility and unpredictability make it a challenging yet exciting arena for investors. Whether to short-sell LTC at $65.77 is a decision that should be made carefully, considering current market dynamics and individual risk tolerance. As always, wise navigation through this labyrinth of possibilities is key to successful trading.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/crypto-analyst-suggests-potential-ltc-short-sell-at-this-level-as-litecoin-price-wavers-following-halving/">Crypto Analyst Suggests Potential LTC Short Sell at This Level as Litecoin Price Wavers Following Halving</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Crypto Analyst Suggests Potential LTC Short Sell at This Level as Litecoin Price Wavers Following Halving

CaptainAltcoin

2023년 8월 7일에 게재된 다른 기사

Visa to Share CBDC Expertise with Azerbaijan Central Bank

Tether CTO Speaks About The Recent USDT FUD: “Some Crypto Companies Fail to Disclose the Source o...

Kava Price Prediction: Can KAVA Coin Make A Comeback Again?

Bitcoin's Volatility, ETF Developments, and Regulatory Battles Shape Crypto's Future

Here's One Exciting Thing About Dogecoin's Growth

New Project Bitcoin Spark Takes Bitcoin And Ethereum And Improves On Both Of Them

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!