Longing (Long Position)
Longing means buying a cryptocurrency with the hope that its price will rise so you can sell it later for a profit.
More terms under L
- Loan-to-value (LTV)Loan-to-value (LTV) is a measure used by lenders to evaluate the risk of giving a loan. It compares the amount of the loan to the value of the asset being used…
- Location SwapLocation swap lets you change who owns a token representing an asset without affecting any other details about that asset.
- LongBuying a cryptocurrency with the hope of selling it later at a higher price to make a profit.
- LovelaceLovelace is the smallest unit of ADA, the cryptocurrency used on the Cardano network.
- Lower HighA lower high happens when the price of a cryptocurrency reaches a peak that is lower than the peak from the previous day.
- Lower LowA lower low occurs when the price of a cryptocurrency ends the day lower than the previous day's lowest price.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.