INVITE-ONLY SCRIPT
Adam-Cox LTC CB v1 Invite-Only
Use on daily LTC charts to understand where average Cost Basis is sitting in the market to assist understand where potential support and resistance may lie.
Referring to 'prospect theory', investors and traders a like may break even on average around their costs basis or average entry cost.
In the current chart we see that the LTC market is now under the Cost Basis indicating thaton-average, both realised and unrealised losses of market participants are now occuring. Contrast this with other cryptos where average entry price due to early stage mining at adoption saw current prices levels above cost basis indicating a 'physiological' cushion to potential future volatility.
Referring to 'prospect theory', investors and traders a like may break even on average around their costs basis or average entry cost.
In the current chart we see that the LTC market is now under the Cost Basis indicating thaton-average, both realised and unrealised losses of market participants are now occuring. Contrast this with other cryptos where average entry price due to early stage mining at adoption saw current prices levels above cost basis indicating a 'physiological' cushion to potential future volatility.
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