Wow...Litecoin is down 85% off its highs, look at all that value! This must be a great time to buy, right?
Sadly, the perception of discounted value based on the size of an asset's fall is one of the oldest traps in the investing game. And in Litecoin's case, too many are failing to appreciate that at the $50 level, Litecoin is only back to levels seen in Nov. of 2017 -- just six weeks before the final market top.
To read the FULL POST on my Litecoin thinking, please see this blog post> https://bitcoin.live/blog/litecoins-path-is-clear?aid=102
Sadly, the perception of discounted value based on the size of an asset's fall is one of the oldest traps in the investing game. And in Litecoin's case, too many are failing to appreciate that at the $50 level, Litecoin is only back to levels seen in Nov. of 2017 -- just six weeks before the final market top.
To read the FULL POST on my Litecoin thinking, please see this blog post> https://bitcoin.live/blog/litecoins-path-is-clear?aid=102