David – Crypto Speculator
After calling LTC owners idiots, the analyst and economist infamous for his erroneous forecasts blessed Litecoin for a turnaround before the New Year. The CNBC host has received gratitude from the Litecoin community for assisting their preferred cryptocurrency.
LTC plunged from the local high of $81.5 and fell to $69, which has been viewed as a clear reversal signal, suggesting a continuation of the downtrend in the near future.
However, Litecoin unexpectedly surged to the local barrier level after bottoming out at $60 following Jim Cramer's latest contentious statement. Technically speaking, given the violent character of the most recent rally, such a move might work in favour of the digital silver. Corrections frequently serve as the foundation for a rally's continuation, which may be the case in this instance for LTC.
On December 15, Litecoin was about to issue a strong and bullish "golden cross" signal that might have served as the beginning of a protracted rise. Sadly, underlying market conditions caused a reversal that could soon develop into a correction before the extended uptrend.
Most members of the traditional and cryptocurrency trading communities are familiar with Jim Cramer because of his historically audacious and frequently incorrect predictions. Numerous memepages, such as Inverse Cramer on Twitter, were created as a result of the inability to precisely set price targets and goals for different crypto assets.
The account monitors Jim Cramer's recommendations' performance and frequently goes against the analyst's advice, coming out ahead. Cramer's final prediction was the December S&P500 rally. The index is down more than 7% as of publication.
Since Jim Cramer frequently makes claims about cryptocurrencies and you want to make an investment that is in contrast with both his beliefs and reality, check out BCBitcoin – a popular cryptocurrency broker. Here on the website, you can buy and sell cryptocurrency including Litecoin (LTC), swap crypto, or use your registered account as coin storage.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards