Thanks for your analysis . In your opinion, why LTC tends to anticipate BTC moves ? Because it is considered the most BTC-like coin but marketcap is far lower and it can react faster to market ?
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Thanks for your analysis . In your opinion, why LTC tends to anticipate BTC moves ? Because it is considered the most BTC-like coin but marketcap is far lower and it can react faster to market ?
Bitcoin is king, all alt-coins wait for Bitcoin to make its move and follow shortly after. Litecoin is very similar to Bitcoin and is also one of the few you can buy with FIAT along with Ethereum. That is why is sometimes not always you will see BTC, ETH, and LTC behaving very similar.
Litecoin Price Action
Expecting a drop towards $200, great psychological support. More depth analysis here: https://steemit.com/cryptocurrency/@kidmartin-95/8j229z0u
There is no doubt that the next wave of millionaires/billionaires is coming from cryptocurrencies!
Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
I am sure about it, main point is not get REKT before the wave
I don’t agree with your assessment as to why LTC behaves differently to BTC. First, it’s always sentiment driven. Second, that sentiment is cycle driven. LTC and BTC cycles are non-phasic and as cycles don’t overap or diverge or converge for too long, this non-phasic will dissolve to more phasic.
Here is a more in depth analysis as to why i think altcoins follow bitcoin. I'd love to hear your thoughts please get back to me. Thank you for your time :)
https://steemit.com/cryptocurrency/@kidmartin-95/why-altcoins-follow-bitcoin