Crypto Trade of MY Day. Sold RIPPLE XRP $0.176 -15% for LTC LiteCoin $45.123 -40% (+30%)

in cryptocurrency •  7 years ago  (edited)

Well today I sold Low Ripple at only a 15% loss and bought LiteCoin LTC down 40+% and in my view bought in at at a total savings 25% a much more valuable Coin. LiteCoin LTC of the Lightning Network.

I suggest when cryptos are at these very low drops 30% down that if you have no cash to buy more at lows, then look at your crypto portfolio and find where you can trade a less valuable (to you) token or coin at less of a low than a more valuable (to you) coin that has experienced more of a devaluation or correction. A TEMPORARY CORRECTION.

In my Case XRP/LTC saving 25% and putting in my view a more valuable coin into my portfolio.

The divergence of the two were both on a downward trend just one was less down than the other.

My recommended research and chart data site for crypto currency https://coincheckup.com/

Divergence Chart.png

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Bitcoin (BTC) - my address > 1QAGfmQMAG3hAGXGn9FfaiUqXtPDY9wnES
https://bitcoin.org/en/

Ethereum (ETH) - my address > 0x19f5275b1b83cf477daf4e452c0cded962bb3d55
https://www.ethereum.org/

LiteCoin (LTC) - my address > LMU4xq41AWm4Z6exDkgx6bqWepsJPRqawo
https://litecoin.com/

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What do you use to trade cryptos?

i simply used Bittrex which really is not the best charts but one of the better customer service teams. I used Poloniex for a while but found that they had very slow support ticket response. I do not trade daily, but have learned when I do to take my time and never buy in a rush or sell low without an new re-entry point on a better deal like in this example. I also like this coin market site here for detailed chart data. I recommend https://coincheckup.com/ for research. It is not an exchange. I hope that helps.

Solid blog. Same thoughts here. There's a lot of exchanges out there. I found that coinmarketcap.com gives quite a decent overview. Does anyone know about: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. See: https://www.coincheckup.com/coins/Ripple#analysis To watch Ripple Detailed analysis.