Litecoin Price Prediction on Halving, August 2023
- Thread starter Suba
- Start date
So now that you have made a profit, you are praying for another setback to happen. And that setback would come with losses for others. That is the beauty of the crypto world.
This is how the whole financial market works, buy cheap and sell high, there is no other way to make money in it, I sold positions at $ 101 and now I have sold at $ 110, now if there are setbacks I will buy again, if not I will keep the LTC that I have left to look for more points of sale.
You are a smart business person though. It is good to be conscious of the market in these crypto world and know when to make your moves. But I pray the setbackss don't happen anytime soon.
- Thread starter
- #25
Currently the price of Litecoin on Coinmarketcap is $ 112.50, ahead of the halving there is a possibility that the price of Litecoin will rise, but we must also consider the possibility before halving that many investors will take profits so the price will fall. So we also have to take advantage of this momentum before July 20th.
There are many people who are taking profits, myself included, since I was invested long before in Litecoin, although I maintain positions, the healthiest thing now for the asset would be a setback to continue rising later.
- Thread starter
- #27
The main problem is that we don't know when the price of Litecoin will peak and turn down, but historically the decline occurred a month before the halving, so we must always be prepared and monitor prices, especially Bitcoin and Litecoin.
Yes, the main fact really is to try to be positioned for such an event, and reduce positions and take profits when we should, because one of the main mistakes is not to make profits in time and get trapped, that's why I sold part of my positions, because I think a pullback is likely to happen soon in LTC due to overbought, and after the halving it will grow again, or so I hope.
Currently the price of Litecoin is more or less around $96, luckily I sold at $105 after all the rise, it was more or less clear that it was going to correct the price a bit, since it was the healthiest thing for the asset, we will see if it continues to drop or gain strength with a view to the halving.
Spot on, there's indeed satisfaction in taking profit, no matter how little it maybe, than waiting to make massive profits and loose out at the end, nothing beats taking little profit irrespective of the amount or volume.
Can you share where you are selling the litecoin, which exchange or platform are you using, and how much quantity of litecoin you are selling to book a profit ? At what levels are you planning to buy LTC again?
I use kraken exchange to sell and exchange, sometimes also faucetpay but mostly kraken, I sell for more than $100 almost always, so the benefits are decent, I'm currently buying since 2 days ago, but in low amounts.
You are really exploring the LTC market very well. And I hope the price of LTC would soon rise again so that you would make more profits. We are expecting a boost in price with the expected halving in August.
Thank you very much, I am trying that, I also expect growth in the price of LTC after the halving, it is necessary to continue accumulating in case said milestone arrives.
