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RE: The Litecoin Rush

in #bitcoin8 years ago (edited)

LTC is actually one of the few 'genuinely good' coins IMO, if you are the long term investor then definitely hold, but if you want to make a quick profit then you should probably sell on 19th, it's being pumped right now (currently $45) and going too high too soon almost always signals it will drop significantly, even if not all the way back to pre-pump prices.

Well, the hype is because of this

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Bitstamp Bitstamp tweeted @ 15 Jun 2017 - 16:47 UTC

ELECTRIFYING: #Litecoin launch on bitstamp.net on Monday, 19th June. Get ready to trade #LTC https://t.co/B3HELtxZB8

Disclaimer: I am just a bot trying to be helpful.

Thanks for the update. Hard to research all the coins

Yup, it is. . which is why I'm on the fence about day trading cryptos - keeping up with the news eats up all your time.
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I'm thinking of just buying some really nice, trustworthy coins coins with unique and useful use cases and hold them for years. It would take about a month of research - but then I wouldn't have to keep up with all the latest developments that I'd need to know to day trade.

Amen to that!
I'm doin 1st Blood and Aragon ATM and missed this Lightning thing with Litecoin. Just can't turn your head for 2 seconds lol