​
been holding ltc for years, back when everyone thought it would be the digital silver to btc's gold. The 2017 run was incredible, but the reality check since then has been rough. stablecoins killed the need for ltc as a fast transaction currency. while 2021 brought a new peak, we mostly revisit the $50 bear market floors these days.
the chart is pretty tense rn. we are sitting slightly above the $55 shortterm moving averages, but that 200 day sma near $70 is massive ceiling. we are trying to break $58 resistance for a shot at $62, though dumping back to 52 support is always a threat. but derivative data shows op traders are about 75% long despite the dead retail sentiment.
my goal has always been to HODL, but it's hard to see any signs of uptrend in short term. besides using dca bots to accumulate, I also ran a grid bot on bydfi to make profit from recent sideways chop. trading range is tight now I just wnt with an arithmetic grid to space out the orders.
are any of you still holding? what is your thesis for it now?