See callout bubbles. On Friday, major amounts of capital moved into LTC with incredible gains against BTC. Of the three 'major' cryptos, LTC had, by far, the strongest move.
This tells me that crypto capital, perhaps due to some uncertainty in the BTC market due to futures trading on the CME and CBOE, is finding it's way to some of the cheaper, 'lighter' cryptos, such as LTC. Anyway, LTC is looking very bullish against BTC and the USD as well, so if you're in a Long position, stay there. This party is just getting started if you ask my opinion.
Always measure your risk and be okay with being wrong ; )
This tells me that crypto capital, perhaps due to some uncertainty in the BTC market due to futures trading on the CME and CBOE, is finding it's way to some of the cheaper, 'lighter' cryptos, such as LTC. Anyway, LTC is looking very bullish against BTC and the USD as well, so if you're in a Long position, stay there. This party is just getting started if you ask my opinion.
Always measure your risk and be okay with being wrong ; )
Comment:
More of the same... LTC on fire. BTC spot market relatively flat.
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