Me and Litecoin, We Got a Thing Going On

It’s much too strong, to let it go now…..

It’s much too strong, to let it go now…..

Source : Straico AI. Prompt : Litecoin with her Lover

My relationship with Litecoin has been an interesting one.

Lucky Litecoin.

A year of testing has proven that I cannot run my LTC bots the same way that I run my other bots all the time.

Squeezing the spread only works out some of the time, for the reasons I stated here in a previous story :

Litecoin — I might as well be setting limit orders and waiting.

And for years that’s all that I did with LTC, and I did pretty well with it.

I mined it in my garage, and then I’d Buy/Sell it with long term limit orders.

I would buy in around $50–60, and then sell anywhere from $80–100.

Doing this allowed me to more than quadruple my total crypto savings.

Litecoin hasn’t experienced a meteoric rise like BTC or other Altcoins, but it has been incredibly predictable and consistent in one particular way:

Bouncing within Fiddy and Hundr’d.

Source : Coinmarketcap.com

Then I noticed that for most of this year and the end of last — Litecoin has stayed $70+, and hasn’t really returned to $50, but it’s definitely kissed $100 about 4 times in the last year.

So I decided to configure an LTC bot to work well with this.

I am still using a DCA Martingale bot, but the bot is now configured with 1% / 10% — and 10 buys.

Source : Pionex Mobile App

This is set to be resilient against a 10% dip, while being set to capture much more profit when the swings occur.

This bot may be in the red for extended periods of time, and it will tend to only execute sell a few times per year.

It is primed to capture larger fluctuations, and invest across a wider dip.

I am parallel testing this before I invest a full 10k into it >>>

I funded $2500 to my trading account where I set LTC limit orders.

I have $2500 committed to this new LTC bot.

At the end of a year, I am hoping that my new LTC bot will have outperformed my manual limit orders.

Fingers Crossed.

Source : Source : Straico AI. Prompt : Bot Fingers Crossed.

Continue to the Next Story in this series :

(To be Continued…..)

To read more about my semi automated strategy, you can pick up all the details starting here :

If you want to learn more about crypto trading bots in general, I made a beginners guide to help you out :

Disclaimer : This is not financial advice and I am not a financial advisor. This is just what I am doing with my own money. I am NOT an expert. I am some dude on the internet who sees a path sometimes, and takes it.

Thank you for reading!

Until next time….

Onward and Upward Everybody!

-Chris

Automated Income Lifesyle w/ Chris Morton YouTube

#botlife #trader #cryptocurrency #living #life #lifestyleblog #signals