Litecoin Market Analysis for June 10, 2018
Fellow Steemit Users, it’s always a good day in the crypto-space. Whether markets are up or down, a wise trader can always find a way to turn a profit! Sometimes it is all about finding arbitrage opportunities between various trading platforms, sometimes it is about anticipating a rise after a coin experiences a slump, and sometimes it is just about holding your coins and watching those values tick higher. Whatever your preferred method of trading, we here at Cryptonews 24/7 will strive to provide you with daily analysis of various markets to help you in your quest to acquire more wealth, no matter how much or how little capital you are starting with.
When analyzing cryptocurrencies, it is important to look at historical trends in addition to the current market trends. This expansive analysis can provide you with a better picture of where the market has been, and thus, where it might be trending towards next.
Here is what the 1-Month Chart is looking like:
Here is what the 5-Day Chart is looking like:
Here is what the 1-Day Chart is looking like:
Litecoin appears to be continuing its overall downward slump after experiencing a minor consolidation to the $119 level. Unfortunately, Litecoin value dropped approximately $8 over the past 24 hours, but that could provide some opportunities if the market behaves in a similar manner to how it handled the last precipitous drop. As you can see from the 1-month chart, Litecoin experienced a similar drop at the end of May, before stabilizing for approximately 2 weeks work of minor swings that were perfect for those traders seeking to exploit arbitrage opportunities. We will definitely be keeping our eyes on the markets for upcoming arbitrage opportunities if that trend repeats itself. Of note: if the trend does repeat itself, traders would be prudent to remember that another drop might follow any recovery period within the next two weeks.
We hope that you have found the above information useful, and we wish you the best in all of your endeavors.
Sincerely,
CryptoNews 24/7
Disclaimer: As with all investments, only invest in cryptocurrencies up to an amount of money that you are willing to lose. All information contained in this post is designed to reflect the personal musings of CryptoNews 24/7 and should not be construed to constitute financial or investment advice. We here at CryptoNews 24/7 seek to provide information about the cryptocurrency economy and not to offer investment advice or suggest any course of action. Nothing contained within this post should be construed to be an endorsement of any cryptocurrency or trading platform that is mentioned. Do your own research and contact your financial advisor prior to any investments. Invest at your own risk.
Hi. Just as a tip, you seem to be spamming with comments and even though it might seem like a good way to promote yourself, it's also considered as spam and might get you flagged.
Ok, thank you for the tip. I will alter my approach. I guess it isn't a "might" since you already down-voted me/
I did and I'm glad you noticed it :)
My flags are luckily somewhat small so they work as good ways to point out what flagging is for new users.
I hope you don't mind it too much as you lost around 0.01 cents of payout from the comment but didn't lose rep point or get the comment hidden.
@cryptonews247, please don't follow this guy's example. Most of us think of flagging for anything other than plagiarism as toxic behavior or trolling. apsu can do what he wants, but it shows a lot about his character that he takes pleasure in diminishing someone new's earnings, even if it is only by 1 cent.
Don't worry @wander-lust, I would never follow his lead in this manner. I tend to view people who do things like that (tattle-tale, report for anything other than threatening or toxic behavior, run crying to mommy) in a very negative light and would never seek to emulate them....
Well they say it's a good thing we have plenty of different kinds of people. Sometimes I do doubt that.
Yes, I'm toxic for removing earnings from self-voting a spam-comment.
It shows a lot about anyones character that they're using their limited voting power to upvote their own comments.
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