LTCBTC: LiteCoin building a base before rocket launch?
Updated
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 as 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.
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 as 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.
Comment
Litecoin versus Bitcoin has now broken out of the trading range by a moonshot, and it could be a good time to take profits if you have been waiting for this to happen. Now it will be interesting to see if it establishes a new trading range above the previous box.
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