RE: RE: Analysis of LITECOIN Price
You are viewing a single comment's thread from:

RE: Analysis of LITECOIN Price

Words
284
Reading
2 min
Listen
Play
4y

This is an interesting article, so allow me to drop my comment here.

You say:

Fundamental analysis presents the price features of LITECOIN in the last two months of 2022.

Let me quote you what Fundamental Analysis is:

Fundamental Analysis studies all those factors which have an impact on the stock price of the company in future, such as financial statement, management process, industry, etc. It analyzes the intrinsic value of the firm to identify whether the stock is under-priced or over-priced. source

What you present here is anything but fundamental analysis. In simple words, it has nothing to do with it.

In this article, there was an analysis of LITECOIN price for the month of November and December, 2022

I'm sorry to disappoint you but I see no analysis here. All you did was read the chart and note down what was the price of the asset at different dates. That is not analyses, that's stating the obvious.

it was discovered that despite in the bearish period which affected most asset, LITECOIN still remains unaffected

This is also nonsense if you want me to be precise. Nothing was discovered and LTC is affected.

There was no significant change in the price of LTC during the period as boxplot diagram shows no extreme value despite the period.

image.png
[LTC 1D chart on Tradingview]

If you think there was no significant change in price in these two months, then I guess we're not talking about the same asset. Look at the chart. I market the beginning of November with a yellow arrow.

I hope you're having fun with this analyses though as not many are interested in reading it, which is not a surprise to be honest.

@erikah: This is an | Ecency