LTC doesn’t pull up the price, is the halving narrative dead? Where is the next opportunity to get rich?

小马pro · 2023-08-03T03:02:32.000Z

The big pie hit the support near 28,500 in the middle of the night before yesterday and rebounded. Yesterday morning, it hit the pressure of 30,000 and fell back. The bulls and the bears showed off their muscles. Now they are resting in the middle, with the range of 29,000-29,500. It is recommended that you seal the long and short buttons of the contract with tape to avoid itchy hands. Although there is an increase, it is normal to rise or fall to some extent, and besides, it still falls a lot, so I won’t do the thankless things in the middle for the time being. In other respects, copycats continue to fluctuate, and there is no market trend. It is useless to say more. At present, there is not much attention on blockchain, and there is no big movement in August. As I said before, see if there is a copycat faucet coming out. If not, then continue to wait for the big cake. Therefore, it is meaningful to say whether 3.05w can break through in the short term. It will bring about the sentiment and confidence of the copycat. If it is still volatile, then the entire market will continue to fluctuate within a small range.

The day before yesterday, the big cake hit the support of 28500 and rebounded. Yesterday morning, it hit the pressure of 30000 and fell back. The long and short positions showed off their muscles. Now it is in the middle of the rest, with a range of 29000-29500. I advise you to seal the long and short buttons of the contract with tape to avoid itching hands.
Although there are increases, it is normal for the market to fall as much as it increases. Moreover, most of the stocks have fallen, so for the time being, we will not do thankless work in the meantime.
In other aspects, the Shanzhai market continues to fluctuate, and there is no market trend, so it is useless to say more. The attention to blockchain is not high now, and there is no big movement in August. As mentioned before, let's see if there is a Shanzhai leader. If not, then continue to wait for the big cake. So it is still meaningful to see whether 3.05w can be broken in the short term. It will bring about the performance of Shanzhai sentiment and confidence. If it is still volatile, then the whole market will continue to fluctuate in a small range.
In addition, I am still optimistic about the medium and long term. There is no result for ETFs at present. The market should continue to fluctuate and wait for the final outcome. Whether it is a decline or a fluctuation, it is necessary in the medium term. There is no result. This process must be endured. In the short term, there is still a high point. Let's continue to see whether it breaks through 3.05w.
Is there still a chance to participate in LTC?
Litecoin completed its third halving last night, with the block reward halved from 12.5 LTC to 6.25 LTC. This halving is the third halving of Litecoin since its launch in 2011. The first halving occurred in 2015 and the second halving occurred in 2019.
After the halving, the price also began to decline. This halving did not bring about the surge in prices like the previous two times. The old tokens seemed to be powerless....
The current price of $LTC is around 92 points. This round of halving is expected to take place on August 3, and the block reward will drop from 12.5LTC to 6.25LTC.
The biggest difference from the previous two rounds of halving is that this year's LTC has received a lot of funds and attention, but the market has not seen an impulsive trend that is eye-catching enough, resulting in the current situation where the market makers dare not take any action to pull the market.
Targeting future markets
From the perspective of sector narrative, LTC belongs to one of the big-bread ecological series;
In terms of market attention, $LTC has always been among the top 30 cryptocurrencies;
From a macro policy perspective, $LTC has been selected as one of the first currencies listed on the NYSE
For those who still want to bet on the LTC market in this round, it is expected that it will be difficult to have an unexpected trend in the next few months. The final unexpected outbreak is expected to be in the next round of Bitcoin narrative concept of the big bull
From the fact that Litecoin $Ltc did not rally after its halving, we can think about whether Bitcoin $Btc will also not rally after its halving.
I think the core idea is that there is no meat where there are many people, and there are opportunities where there are few people.
Brother Xiong also said that we should avoid crowded places and not use consensus to tell stories. In a bear market, retail investors who lack funds and faith will run away after eating a little meat. What is the concerted effort to pull up the market? The Wright bull army and 80% of retail investors worked together and the dog dealer lost money in the end? It doesn't exist.
Let’s talk about Bitcoin. If the halving of Litecoin really affects everyone’s confidence in the halving of Bitcoin, then I think it is an opportunity. Didn’t the last round of halving also start a bull market after the crash when no one paid attention to the halving?
In a bear market, you have to think in reverse. The market is a zero-sum game, and you can only make money by standing on the side with fewer people.
After the Base chain, where will the next opportunity to get rich be?
At this point, the reputation of the base chain has been completely ruined. Does the base chain still have a chance?
Of course there is. The current official documentation of Base shows that the Base official bridge is currently only connected to the test network, and the official bridge cannot be used to connect to the Base main network.
At present, most retail investors in the market deposit funds into Base by manually transferring funds to contracts, but this also leads to a consequence, that is, the current Base chain is like a Pixiu, which only allows money to flow in but not out. No matter whether you make a profit or a loss here, as long as your funds have not returned to zero, sorry, you cannot get out.
And now there are only a few Swaps on Base. Want to earn interest by staking loans? No way!
I can’t do anything, what else can I do with the ETH in my hands? I will continue to buy local dogs, but I won’t buy blindly. After all, it only costs 10 dollars to issue a local dog on the base chain. It is said that there are big cuts that issue hundreds of Pixiu in one day, making hundreds of thousands of dollars a day. So, don’t rush in when you see someone calling an order. The project party can make money by selling tokens. The more people rush in, the more money they make. There are basically three consequences of rushing in randomly: Pixiu, withdrawing the pool, and plummeting to zero.
Should I buy one that has product empowerment?
So there are still opportunities on the basis, pay more attention to the top ecology, but in August, I think there will be a group of dark horses that will be better choices!
That is the SHIB second-layer protocol! We all know that the leaders of MEME are DOGE and SHIB. As the second leader, SHIB will launch its own Layer2 in early August.
Shib, as the most popular player in the last bull market, has countless believers and is close to the top stream! An L2 with MEME top stream attributes will definitely become the largest casino!
The top card in the casino must be the token that first adds a liquidity pool to the chain. We certainly don’t know what it is called now, and we need to pay attention to it all the time, but what we can be sure of is that when the Shib mainnet is released, the first batch of players who rush in will have the lowest risk and the greatest return!
Opportunities are often in the hands of those with the keenest sense of smell. This is a conditioned reflex that requires a lot of experience to accumulate and train. I’m telling you in advance, it depends on whether you can seize it!