Litecoin looking likes its about to consolidate. Heavy support at 100000. These cryptos are just in a panic mode for the week, but long term still says buy. Lets short this down to 100000 then we can see whats going on. All time frames except 4hour show bears.
I would be very concerned about systemic differences. BTC continues to be plagued by high transaction fees while LTC enjoys much less friction, making LTC far more attractive in the micro-transaction space. I expect to continue to see BTC slip vs LTC until the BTC transaction fee / bandwidth issue is finally resolved. Bear in mind that your primary risk in the crypto-currency space is not long-term validity but rather the proliferation risk. In this sense, LTC is the much less risky of the pair.
damdamm
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I truly believe that he is not out of his mind. It seems he has some good experience with stocks and ass beaten a few times. Street can't believe it. He knows that we deserve big correction of all BIG 5 wave move. There are no miracles. And take a look at his indicator MACD. I was watching this MACD before it made double top and was waiting till it will be done and cause massive price drop what partly happened and price dropped from $48 to $34. This correction still has plenty of place downward. However as we can see by reading proUP ideas of other users it seems to be great 'entry' place for all this crowd. Good luck for all good players
IronKnight
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Is this a joke chart?
minthooka
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@IronKnight, Obiously its not going into negative territory its just sarcasm. I'm just saying I have no idea on this.