Good morning traders! Let's start the week with an easy post and on the right foot!
My favourite twins, the Winklevii, announced on the Cboe Risk Management Conference, that their cryptocurrency exchange, Gemini, plans to add Litecoin and Bitcoin Cash options soon. If you look at previous occurrencies of cryptos being added to major exchanges, they have always been preceeded and followed by a spike in the price. The Gemini exchange currently only supports Bitcoin and Ethereum.
Do the twins have any more good predictions for us? Of course they do:
They also predict that 2018 is going to be the year when institutions and Wall Street shrug off their skepticism and join the party more proactively.
Among the twin’s other forecasts surrounding the crypto economy is last month’s bold claim that bitcoin price could grow by as much as 40-times its then-contemporary value. If that prediction indeed comes true, one would be valued at approximately $350,000.
Want to catch up more on this and view the highlights? Head on over to btcmanager.com and read up.
Found the biggest Litecoin bull! According to Marius, we have a mere 35 or so days to move to circa 1500 on LTCUSD. I'm a big bull of Litecoin myself and over years have learned to be patient, minor downswings don't matter to me, but this guy is taking it a few notches higher. His target sure is ambitious, but I surely won't be arguing with him, as every trader likes opinions, that solidify their on bias :) That is actually meant with humor - i suggest everyone does their own research.
Via Marius
Best cryptocurrency chart award of the week (and the week hasn't even started yet!) goes to OUNO ŁTC, who tweeted a Bitcoin chart from his platform
From OUNO ŁTC
Have a jaw-dropping chart of your own? Share it!
Are you a trader? This shouldn't feel familiar to only cryptocurrency traders, but to all traders - forex, futs, commodities as well. As one who has spent some decent years in forex, a familiar sense ticks, when watching this video of "the struggles of a trader". Make sure that you have the subtitles set to ON.
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