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Litecoin Halving Opportunity

06/11/2019 09:29

Litecoin Halving Opportunity

 

There is a lot of excitement around the next Litecoin halving event, currently on track to occur in early August.  The lower issuance and inflation rate as a result of the halving has the bulls excited about the prospects for Litecoin to seriously outperform in price. 

Sadly, the smart and easy money in this asset has already been made.  To me, this is yet another example of retail money chasing the headlines and social media chatter.  And as history never fails, I suspect many will buy Litecoin in size near a top and be left holding the bag.

Since finding a low back in December 2018, Litecoin versus the $USD is already up a whopping 450%.

 

 

For the traders and investors who are primarily focused on $USD performance, I do not expect this price rally to end.  In fact, as I expect Bitcoin to outperform the dollar for the coming 2+ years, pretty much all of the majors should outperform the dollar over this same timeframe.   When viewed only from a fiat currency performance, the future gains in Litecoin will not tell the story of underperformance relative to other Cryptocurrencies. 

The question we should be asking is whether Litecoin will be the best vehicle to capture the most gains over the coming Crypto bull market cycle.  I suspect for the intermediate timeframe, into the summer months, that answer is yes.  The buzz around the Litecoin Halving is already a self-fulfilling event and the increasing inflows of retail money is setting up Litecoin for a possible final and explosive run.  Even after the amazing run to date, a further 50-70% upside versus Bitcoin is certainly possible.

 

 

But what about the outlook for beyond the halving event?  Should you HODL your Litecoin?

My response is an unequivocal, NO! 

If Litecoin performs as outlined above and reaches that 0.025 BTC level, then Litecoin will be at levels reached only a handful of times before.  And in each of those occasions, Litecoin then went on to decline by between 70% to 92% versus BTC.  

 

 

I do not expect this time will be different for Litecoin.   I can appreciate that many of you are passionate about Litecoin and are HODL’ers for life.  But knowing what we’ve seen from past performance, the prudent investment decision (if Litecoin > 0.02BTC) will be to sell a majority or all your Litecoin in exchange for Bitcoin.   Doing so will lock in some serious profit, allow you to pick up a considerable amount of Bitcoin for cheap, and if so inclined, allow you to buy back 3 to 5 times more Litecoin in the future.    Investing is about making smart decisions at the right times, I urge you to consider this Litecoin Halving Opportunity. 

 

 


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  • 1

    Thank you Bob ,

    As always...great teachings and knowledge. 

    Submitted 1 week ago by Franklin Reyes
  • 0

    Thanks Bob, that was the confirmation message I needed to read.

    Submitted 1 week ago by Croup
  • 0

    Thanks for the sound analysis Bob. I really enjoy your market perspective and appreciate your educational content.

     

    -A

    A
    Submitted 1 week ago by Landoftheliving
    0

    Thank you all.

    Submitted 1 week ago by Bob Loukas
  • 0

    Great as always Bob.  Bitcoin Live is the membership that just keeps on giving.  

    Submitted 1 week ago by Max
    0

    Thank you,

    Submitted 1 week ago by Bob Loukas
  • 0

    you have a 40% - 50% trading postion active in LTC now ( of your total trading account), if you don't mind giving some appropriate guide as to what percentage should be in LTC as far as you can recommend? Its definitely FOMO from here on in, but with a major BTC correction / pullback (possibly) imminent is it wise to wait for a drop back to 0.015BTC or below? Thanks

    S
    Submitted 1 week ago by Steven hayward
    0

    Getting too late to chase the move.  Also remember postion size is not an absolute number, it's a function of risk.  Where is the stop point and what level of risk will you take at that stop. 

    Submitted 1 week ago by Bob Loukas
  • 0

    I'm up a good chunk on the LTC train currently, after it broke its recent downtrend got in around the .0135 level when ltierally every analyst here seemed to recommend it ( I was a touch late ), and I am happy to keep it until later in the summer if the gains are there. My main concern is preserving profits and actaully taking them before its too late, but as you said in a previous post, I will just move the stop loss up every few % upwards and hope for the best. I will keep this in mind and stand fast until we get above 0.02, and then I can start to FOMO in and bet the house. Right??? ... right?

    Once again, Bitcoin Live paying for itself multiple times.

    Good luck to al my LTC brothers and sisters.

    C
    Submitted 1 week ago by Charis
    0

    Don't worry I will alert you via the Alerts section when i sell.  I will also make it clear where the trailing stop is located.   At some point if it gets above 0.020 I would tighten the trail and/or start taking profits in increments. 

    Submitted 1 week ago by Bob Loukas
    0

    That's great - the trailing stop loss is something that makes sense to me, but I don't want to keep it too tight as I have made that mistake before. I will keep an eye out for your input Bob. Thank you once again. It is a challenge to manage such a successful trade in my position, it is a whole new world for me rather than making a couple % and exiting or limiting loss. This could be bigger and will be over a longer period of time than I am used to, so I will try and follow the right steps.

    C
    Submitted 1 week ago by Charis
  • 0

    Hi Bob what date in August is the halving? 

    Submitted 1 week ago by George Gibson
    0

    https://www.litecoinblockhalf.com/

    Submitted 1 week ago by Bob Loukas
  • 1

    Hey Bob,

    So the 2015 halving: The LTC/BTC ratio peaked on July 9th 2015 while the actual halving (according to the internet) happened on Aug 25 2015... about seven weeks later. 

    Was this classic front running by whales? And could something like this happen again within the next month?

    Would it be wise to load up 90+% of one's LTC on exchanges now with sell orders set?

    Submitted 1 week ago by CajunRoo
    2

    "Would it be wise to load up 90+% of one's LTC on exchanges now with sell orders set?" -   Absolutely!!

    We know the event is coming. Once the tide turns it's a rush for the exists.  It happens before the news, but when exactly we do not know.

    Submitted 1 week ago by Bob Loukas
  • 0

    I've been into LTC/BTC move since 0.0122 price point and I am looking to trade my LTC for BTC as I am trying to grow my BTC position. I was looking to start taking profits around 0.019 but I am wondering if i shouldn't wait for 0.02. How likely are we to get to 0.025? 

    Submitted 1 week ago by Areli Abbey
    0

    Starting to scale out slowly from that level is not a bad idea.  Sure we could look back in a few months and question it.  Other option is to keep raising stops, but then your trailing stops will be well below 0.019 for a while right.   One big selloff and you could be out at a lower price too.

    Submitted 1 week ago by Bob Loukas

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