Litecoin: +80% in three weeks

After cryptocurrencies experienced huge growth in May, our analysts decided to add another portion of Litecoin (LTC) as one of the cryptocurrencies to add to our long-term portfolio as well as they have some ideas of how to trade it mid-term. Hence, we published several questions about currency pair LTC/USDT.

The first one was posted on May 22:

The cryptocurrency Litecoin (LTC/USDT) settled at 25.6 at 12:30 PM ET at Poloniex exchange on Monday, May 22. Will LTC/USDT surge to $40 till June 10?

Then, on May 25 Litecoin started declining against USDT, and we took a small position at about $20.30 average and published another question on June 6:

The cryptocurrency Litecoin (LTC/USDT) settled at $30 at 7:15 AM ET at Poloniex exchange on Tuesday, June 6. Will LTC/USDT drop below $22.50 until June 25?

According to our forecasters, the probability for Litecoin to fall below $22.50 was 40%. Therefore, we were adding all the time between $24-$30 (both to long- and mid-term accounts).

Then another two questions were posted in Cindicator app:

Will LTC/USDT rise above $32 before June 21? (62% probability)

Will LTC/USDT rise above $36 before June 24? (published on June 16: 90% probability)

So we added more when LTC/USDT broke $35 level.

We sold 2/3 our midterm position on the way between $40 and $50, still holding 1/3 with $30 stop loss.

Happy trading,

Cindicator team

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