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Someone asked me if I could do an LTCBTC analysis, and here is my view.
LTCBTC has been historically on the decline. Ever since LTC was created, it kept falling behind.
At first it was the number 2 coin after bitcoin in marketcap, but it has been replaced by other coins.
And since LTC unfortunately does not have very unique features, I think this trend will continue.
So now that BTC starts its historic rise to 100-200k, what will that mean for LTC?
We will see a small rise now, but as BTC really picks up steam later in the year and early next year, LTCBTC will tank again.
LIke it did during the last two rallies.
It will make new lows. I looked at the historic chart all the way back to 2012, in LTCBTC it just keeps getting lower and lower, unfortunate, but that's how it is.
So now, we'll probably make a new low in the next 6-12 months, before the usual super sharp altcoin pump rise at the height of the bitcoin rally.
Hope this helps!
LTCBTC has been historically on the decline. Ever since LTC was created, it kept falling behind.
At first it was the number 2 coin after bitcoin in marketcap, but it has been replaced by other coins.
And since LTC unfortunately does not have very unique features, I think this trend will continue.
So now that BTC starts its historic rise to 100-200k, what will that mean for LTC?
We will see a small rise now, but as BTC really picks up steam later in the year and early next year, LTCBTC will tank again.
LIke it did during the last two rallies.
It will make new lows. I looked at the historic chart all the way back to 2012, in LTCBTC it just keeps getting lower and lower, unfortunate, but that's how it is.
So now, we'll probably make a new low in the next 6-12 months, before the usual super sharp altcoin pump rise at the height of the bitcoin rally.
Hope this helps!
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