In my previous post i said that i believe that Litecoin was going to top off its growth and settle at around 36-37USD. Guess what happened after that post... Litecoin basically rocketed and hitting highs that are insane. Here is why i didn't see this coming, i've been watching pricemovements of all coins (or atleast those of in the top 20 of market cap, and some others) and what i saw was that Litecoin was always around the same value not really a good steady rate of growth. This is why i stopped paying much attention to the news about litecoin and that is how i missed that litecoin is going to be released on 2 new exchanges soon. That means liquidity will get higher, more people are able to buy some litecoin and so on, so basically it's normal that the price goes up in this case, I just missed the news.
Now with stuff like this the market already knows the news before the launch on the new exchanges happens. This is why the price of litecoin is already going up. And most of the time the market is overreacting and putting too much value on the new, which means that a correction could be happening after the launch, so just be aware of that and try to get out in time if you did buy Litecoins.
OTHER NEWS
STRATIS is looking good, to me it looks like it's making a platform, getting ready for the next big launch. I see STRATIS hitting big in the next few weeks, maybe even reaching a market cap of over 2bln USD.
IOTA If i look at the graph of IOTA it looks to me as if the hype is finally over. It's setteling at around a fair value and that's a good thing, Sure if you've invested right after the lauch you've lost a lot on it, and i understand you want to make that money back as fast as possible and you hope for a next big hype on it with hitting insane highs. But to me it looks like it's settling doin, getting ready for a more stable path of growth. That is why i believe it's a good investment to hold for longer term.
I am NOT a financial advisor, this is just my thoughts on the recent movements in the market. So if you’re looking to invest, please do some research yourself and I’m not responsible for any losses that you might make.
PLEASE let me know what you think about this post, I read all comments! Let me know if you found any value in my advice, or if you think that I should go back to just posting photo’s. Upvote and follow for more post, resteems are highly appreciated!
PS: English is not my main language, so sorry for any mistakes
