Don't see that everyday.
Litecoin has given us three confirmations that the bottom is in and more holders are slowly starting to enter the market. We could still see losses in October, but it's hard to imagine November being a bad month.
The average November return is 76%
I expect this time around to be better than average due to institutional on-ramps, halving hype, a failing economy, and all the other random advancements that have been made. As far as Litecoin is concerned, I expect liquidity to run dry considering the 5-6 month time period after the halving event coincides with a traditional winter pump.
November
I have very high hopes for November 2019, so much so that I believe a lot of people, such as myself, will go onto winner's tilt.
Winner's Tilt
Most people know tilt as getting angry when one loses and that cascades into more bad decisions. Winner's tilt is when you win and you make bad (usually risky) decisions due to the whole easy-come easy-go mindset. Let it ride!
Winner's tilt is just as bad as the 'normal' version. Any outside stimulus capable of leading us astray is going to be a bad thing. I'll be doing my best to keep my hedge ratio at a safe level. So far I'm already doing a bad job. My hedge is 0%, so I sure hope this is the bottom :D
Conclusion
I am so impatient right now.
I can't wait for October to be over.
Perhaps I should do something more productive than just wait around.
Nah!
I think if bitcoin goes on another major run, litecoin will likely outperform it eventually. I am pretty surprised the halving was not more kind to it, a pullback when it actually happened was expected, but we are now months removed, probably time for some relative strength there. :)
https://steemit.com/steemleo/@edicted/analyzing-halvings
What happened to Litecoin is the exact thing that happened to Bitcoin during its last halving. I think Litecoin is on track to repeat history.
Hopefully it ignites a nice altcoin rally across the board as well :)
You love them litecoins. Lol
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yeah i can't get enough
super weird.
You should have that checked out. Ive heard some think Bitcoin is digital gold. You might have the same diagnoses as them. lol.
Bitcoin is digital magic.
True. 😂
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$25 is the target 😏 jk lol
Posted using Partiko iOS
I have some litecoin and I hope you are right.
What time frame are you looking at for a LTC run? November is a good month but do you see it carrying into the new year or a short blip up?
I know you feel that 12 months after halving is the time to look at.
It all depends on how much volatility we see in the market.
If I see big pumps in short time frames I'm going to expect corrections.
I plan on doing some sell averaging in December/January to increase my hedge.
These are the months I'll be looking for big pumps to sell at.
I think there will be a sharp decline in Jan/Feb,
followed by an epic Bitcoin halving FOMO pump in feb/march with a dump in april.
All of these events kind of run into each other so it might become more clear in the moment.
Lets hope this November marks the turnaround!
Ok I bought some. Will blame you if goes further down, didn’t see a disclaimer. :)
It went down :D
What do I owe you?
lol. As soon as I buy they tend to go down. I am not worried. Still see bullish signs.
couldnt agree with you more here bud
have a great day
cheers
Nice post #edicted. Hope you are right. My hopes is I avoid winners tilt.