TradingView
TradingShot
May 14, 2019 6:07 AM

BITCOIN vs LITECOIN comparison. Bull market leader shift. Education

Bitcoin / DollarBitfinex

Description

Just a quick mention on something interesting I stumbled across while constructing my long term LTCBTC strategy.

During the 2015 recovery phase after the bear market, Litecoin started rising aggressively prior to Bitcoin and led cryptos into the start of the new bull market. At some point it pulled back considerably and BTC started gaining momentum and lead the bull market while LTC entered a prolonged consolidation period. BTC made minor pull backs but never "looked back" on its way to a parabolic rise to the 2017 All Time High.

This is a simple comparison intended to illustrate the shift in market dynamics. We see the very same situation taking place now.


Comments
CryptoEngineering
I strongly believe that We will get at least one more time to buy bitcoin below $5000 before the next bull season! Let's see how it goes!


TheDigitalStonks
Do you mean to say LTC is now consolidating?
More