Litecoin pumped over 400% during the first halving in the middle of a bear market. This is an updated version of a previous chart with a risk/reward ratio of around 3 to 1. I expect the pump to be less than the first simply because there are more coins above litecoin right now than there was in the last bear market.
Kommentera:
Ok, so if you have followed me thus far. Your up about 40-50% in USD terms and about 30% in bitcoin terms. Take some profits now. This is a bear market and we don't want to be greedy. Litecoins 200day ma is around 47-50 USD so I expect us to fall back down to find support at the .01 bitcoin range or about 30-37 dollar range and hopefully find support before a larger rip later into the future ; ).