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Good afternoon traders! Let's discuss the cryptocurrency, Litecoin (LTC).
At the moment, LTC has the following advantages:
However, it also has the following disadvantages:
Since for the entire period of its existence Litecoin has decreased by 19%, experts say that it is unlikely to return to its highest value in 2017. But some still believe that in 2020, its value will increase to $ 300, and by 2025 it can reach $ 950. Nevertheless, statistics show that investing in this asset is very risky.
Hence, in accordance with the Stop Hunting strategy, work in a speculative manner to further decrease the asset.
Price Action and Stop Hunting strategies were used to create this trading idea.
Always remember to control the risks.
Good luck!
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