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  • !1!
    LiteCoinFaucet

    I hear the term Bitcoin faucet a lot.  What does it mean?

     
    Maybe i am missing something but why are most stressing so much? Went up about $100 for the day. I would rather it does that everyday of the week than watching it skyrocket just to come down hard again. Even if it climbed $20 a day but does that contantly every day i would be happy. 

    I am going to HODL my LTC for aslong as possible. Chasing quick money sometimes catches up to you and then you loose money instead of making money. 

    I tried that in the beginning and lost almost all my profit by jumping currencies and not knowing what i was doing now i got my chair out with a beer in the hand and enjoying the ride.Maybe i am missing something but why are most stressing so much? Went up about $100 for the day. I would rather it does that everyday of the week than watching it skyrocket just to come down hard again. Even if it climbed $20 a day but does that contantly every day i would be happy. 

    I am going to HODL my LTC for aslong as possible. Chasing quick money sometimes catches up to you and then you loose money instead of making money. 

    I tried that in the beginning and lost almost all my profit by jumping currencies and not knowing what i was doing now i got my chair out with a beer in the hand and enjoying the ride.

    It looks like 200.00 level is good for fixing profit. If so, we should be ready to see a correction movement from this level to one of the possible support zones. The market is overbought on different time frames. RSI is going to reverse in the overbought zone and it will give us a bearish signal. MACD is bullish but if the market stay below 200.00, we'll also get a bearish signal from this indicator. The market made a great upward movement and it must be corrected. We need new buy opportunities in order to join to this strong uptrend on good levels. If the market starts falling, we must be ready to buy based on confirmed reversal signals. The 4H chart gives us 3 reversal zones formed by SMA20, SMA50, SMA100 and support levels. These zones will be able to stop and reverse the falling market. The zone formed by SMA100 and 100.00 support level will be the perfect for buying. From the daily chart this zone is supported by SMA20. It's also a good variant to build long positions on different levels. You can keep the previous long positions and add more trade volume based on new reversal signals. Other variant can be to fix the part of profit from the long positions at 200.00 level and open new trades based on new trading signals. Which variant to use, it depends on your goals and trading plans for this market. 

    A huge number of users only use one exchange since they're new of course. In today's case, they want to buy LTC since it's of course going great, and they do buy when they can... where they can. They might not even look at other exchanges. 

    Anyhow, with Coinbase being unreliable today, it's difficult for arbitrage traders to make money going back and forth between exchanges buying cheaper and trading higher, which evens out exchanges normally. 

    That's the most likely reason for the large price discrepancies, but it will even out by appearing to go down on Coinbase while going up elsewhere.

    Buy LTC now its on sale for a limited time only...

     

     

     

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