Reaching $250 means Litecoin's [LTC] price has to increase by more than 150% from its press time value. As of this writing, the coin
price has to increase by more than 150% from its press time value. As of this writing, the coin changed hands at $80.61.
Reserve Risk has an alias, called the “HODL bank.” For the uninitiated, HODL stands for Hold On to Dear Life. It describes a situation where cryptocurrency investors refrain from selling irrespective of the price movement.With the Reserve Risk, traders can tell if long-term holders are confident in the price or otherwise. If the price is high and confidence is low, it means that the risk-to-reward ratio might not be worth betting on.
Historically, prices hit the peak when the shorter SMA reached the same level as the larger SMA. Evidence of this showed in the last quarter of 2021 when Litecoin’s price dropped from $385 to $136 months later.that the 111-day SMA was at a lower point when compared to the 350-day SMA. This indicates that LTC still has a lot of room to grow before the end of the bull market.
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