People love to claim all crypto altcoins are going "to the moon". Most of them won't.
Today I take a quick look at Litecoin vs Bitcoin .
Litecoin seems to be entering a trading range, building a base at the moment. This may be a buying opportunity in Litecoin if the next move is up.
Arguments for:
Litecoin may be implemented in new scenarios/practical solutions due to faster transaction speeds and lower fees.
Bitcoin transaction times and fees are increasing.
Litecoin may be used more of an intermediary transport of wealth, behaving more like Silver, if Bitcoin is Gold.
Arguments against:
The problems with Bitcoin are being worked on and may be solved by a "split" on August 1st.
Interactive chart link:
https://www.tradingview.com/chart/LTCBTC/ufPk0jSb-LTCBTC-LiteCoin-building-a-base-before-rocket-launch/
Interesting article. Same thoughts here. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. Besides coinmarketcap.com there is: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research. Check: https://www.coincheckup.com/coins/Litecoin#analysis To check Litecoin Analysis