Serban’s Crypto Picks – Trading Call – $LTC Booking profits, 62% ABS

Litecoin $LTC Having bought LTC around the $200 mark we are now exiting this trade with at least a 50% profit depending on the moment you entered the trade. This is a high marketcap coin and we don’t expect a much higher growth in the next few weeks, so we’ll take out our investment+profits and look for the next trade that can give us a good R/R.

Serban’s Crypto Picks – Update on Litecoin LTC, PT reached but Hold for now

Wednesday • 14 April 2021 • 15:24

Price target now reached, while it is a good level to take some profits we are keeping some LTC for a bit long as there is still potential for further growth.

Serban’s Crypto Picks – Trading Call – BUY Litecoin LTC

Tuesday • 30 March 2021 • 18:36

Litecoin LTC is looking like a good buy below 200$ mark. Expecting it to go to about 270-290 $ where we would take profit. It comes on time with PayPal’s announcement that they’ll accept LTC for payments – If it doesn’t manage to break 220$ (bounces off) then we can take profits there and move to the next coin

Description from Coinmarketcap: Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.

The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.

Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence.

The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a “lite version of Bitcoin,” in that it features many of the same properties as Bitcoin—albeit lighter in weight.