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Litecoin (LTC) is priced at $86.86 USD. To effectively manage risk, it’s recommended to place a stop-loss order around $84.00. This ensures that you limit your potential losses if the market moves against your position. 📉
For optimal trading, identify key support and resistance levels, and track market trends regularly to capitalize on favorable price movements. 📊 Always keep informed on cryptocurrency news and updates to make educated decisions. 📰
Risk management is crucial: never invest more than you can afford to lose. ⚠️
According to a study by Swan analysts, the HODL strategy mainly works for BTC: almost all top altcoins eventually lose up to 90% of their value relative to Bitcoin. For example, QTUM dropped in 17 months, MATIC in 23 months, and ADA and XRP in 36 months.
Even XMR, which lasted 72 months, was described by analysts as an example of "slow agony."
Over the long term, leadership once again remains with the first cryptocurrency.
#XRPETF It's interesting to see the excitement around the possibility of an XRP ETF! However, while the document you've shared is indeed a filing with the U.S. Securities and Exchange Commission (SEC) for a Form N-1A by ProShares Trust, it's crucial to understand what this form actually represents. A Form N-1A is a registration statement used by open-end management investment companies (like mutual funds and ETFs) to register with the SEC. This specific filing does not automatically confirm the launch of an XRP ETF on April 30, 2025. The highlighted section indicates a proposed effective date for the registration statement to become effective pursuant to paragraph (b)(1), which generally relates to a date no earlier than 20 days after the filing or a later date consented to by the SEC. Therefore, while ProShares has filed paperwork, it doesn't definitively mean an XRP ETF will launch on April 30, 2025. The SEC would still need to review and approve the ETF. It's wise to be cautious about information circulating on social media and to rely on official announcements from reputable financial news sources and the companies involved. The development of a cryptocurrency ETF, especially for XRP given its past regulatory challenges, would indeed be a significant event. However, it's important to differentiate between a regulatory filing and an official product launch.