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peter1234444
Aug 7, 2019 2:48 PM

No clear action for Litecoin yet. August 2019 

Litecoin / DollarBitfinex

Description

Unable to tell whether BTC is going to raise or crash hard due to it's higher than expected secondary peak. Litecoin seems to be quite strongly coupled with the price of BTC, hence would be unwise to be making a decision on Litecoin now unless sure of Bitcoin's trend.

Comment

Recently posted an idea on what may be the long term future of BTC:


Up to the reader to agree, but if you do it has implications for Litecoin right now. A like BTC plateau or drop over the next 6 months would mean that Litecoin will dip even FURTHER. I'm getting the feeling Litecoin may not be worth investing in over the next several months unless we see a disproportionate drop in BTC
Comments
GeeKOpS1_3
historically litecoin has had a hard dump here before trending with BTC and others back up on the front end of the halvening bull-sanity run... I believe its got some downward slammage coming followed by a strong run up with the rest of crypto
peter1234444
@GeeKOpS1_3, Thanks for the input, I get the feeling you're right!
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