First of all, investors should understand that a Litecoin investment is a risky play given the inherent volatility associated with cryptocurrencies and the level of volatility that the financial markets as a whole are seeing lately.
That doesn’t mean money cannot be made by investing in Litecoin, but traders should be cautious about how they approach their trades, especially when it comes to risk management and profit-taking.
That said, traders can see Litecoin potential as a short-term trade by analysing the latest price action and using technical analysis tools and indicators.