Other altcoins discussed

It is also necessary to pay attention to the exchange rate of Bitcoin. Because at present, it is indeed a key support area for Ether. If this range can be supported, there will be a rebound in Ether. So at the end of the show, we talk about two proof-of-work (PoW)-based coins: Bitcoin Cash (BCH) and Litecoin (LTC).

For both coins, if you choose to be bullish at this minute, the simpler strategy is to stop the loss when it falls below a certain point. For me personally, I’ve already sold some of it at a high level (e.g. OK 75%), and my break-even point is actually $580. There is currently 25% of the position left, and if the price falls below my stop loss level, I will also opt out.

As for Litecoin (LTC), if you have already entered the market with us, then pay special attention to the price point of $92. If the price does fall below $92 within an hour, then the whole trend may have to change. So, if you ask me if I want to enter the market at this minute, all you need to consider is whether I can accept a stop loss of $92, it’s as simple as that.