LTC's recent performance has still provided many opportunities. It's rare to see a rally that can double from the bottom.
If you followed in at the 78.5 level, the first phase of profit-taking has already been achieved. At this point, it's recommended to reduce your position by 30-40% to lock in profits, while the remaining core position can be held and protected with a stop-loss.
The benefit of this approach is that you can secure profits while still staying in the game, avoiding missing out on the subsequent rally. How high LTC's price can continue to rise remains to be seen, but at least the earlier gains are secure.
If you didn't get in, you can look for opportunities during the pullback. But don't chase the high; wait for a suitable entry point.
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LTC's recent performance has still provided many opportunities. It's rare to see a rally that can double from the bottom.
If you followed in at the 78.5 level, the first phase of profit-taking has already been achieved. At this point, it's recommended to reduce your position by 30-40% to lock in profits, while the remaining core position can be held and protected with a stop-loss.
The benefit of this approach is that you can secure profits while still staying in the game, avoiding missing out on the subsequent rally. How high LTC's price can continue to rise remains to be seen, but at least the earlier gains are secure.
If you didn't get in, you can look for opportunities during the pullback. But don't chase the high; wait for a suitable entry point.