$LTC has fallen below the 60 threshold.
Let’s talk about what’s behind this number.
The longer it’s been since this price level was last reached, the more likely it is that the distribution of holdings around this area has changed. The balance of bullish and bearish forces from back then may no longer hold.
Indicators may be unreliable, but risk management shouldn’t be skipped: deciding in advance how to respond if you’re wrong is more important than whether your prediction is right.
Let’s talk about what’s behind this number.
The longer it’s been since this price level was last reached, the more likely it is that the distribution of holdings around this area has changed. The balance of bullish and bearish forces from back then may no longer hold.
Indicators may be unreliable, but risk management shouldn’t be skipped: deciding in advance how to respond if you’re wrong is more important than whether your prediction is right.