Intro:
There is a correlation between the price of LTC and BTC. If you look at the historical information between the two cypto, whenever you see a price discrepancy between BTC and LTC, a boom is waiting to happen. Generally, BTC is the driver of crypto price. For example, look at the price of LTC and BTC on February 14. When BTC reached a rising high of around 9,500, LTC shot up to 211 per coin. Now, look at the data presently, BTC has now regained footing back to 9,500, yet the price of LTC still remains around the 150. Therefore, there may be an LTC explosion soon.
Exhibit 1 (New High for BTC and LTC):
Price of BTC over LTC
February 14, 2018
9500/211
= 45 times
April 25, 2018
9500/155
=61 times
Analysis:
BTC is worth way more than it is supposed to against LTC. Therefore, we may see a sudden shift in the price of LTC once the public takes account of the discrepancy. The difference in LTC and BTC is one of those things that has made me a lot of money.
Summary:
Look to see a boom in the price of LTC in the upcoming days. Since the support and trend for BTC looks unbroken for the weekly and day charts, we will see a continue up gains in the price of BTC and LTC. The gain we saw with BCH may occur with LTC soon.
There is a correlation between the price of LTC and BTC. If you look at the historical information between the two cypto, whenever you see a price discrepancy between BTC and LTC, a boom is waiting to happen. Generally, BTC is the driver of crypto price. For example, look at the price of LTC and BTC on February 14. When BTC reached a rising high of around 9,500, LTC shot up to 211 per coin. Now, look at the data presently, BTC has now regained footing back to 9,500, yet the price of LTC still remains around the 150. Therefore, there may be an LTC explosion soon.
Exhibit 1 (New High for BTC and LTC):
Price of BTC over LTC
February 14, 2018
9500/211
= 45 times
April 25, 2018
9500/155
=61 times
Analysis:
BTC is worth way more than it is supposed to against LTC. Therefore, we may see a sudden shift in the price of LTC once the public takes account of the discrepancy. The difference in LTC and BTC is one of those things that has made me a lot of money.
Summary:
Look to see a boom in the price of LTC in the upcoming days. Since the support and trend for BTC looks unbroken for the weekly and day charts, we will see a continue up gains in the price of BTC and LTC. The gain we saw with BCH may occur with LTC soon.
