fakhan

Litecoin (LTC) And Bitcoin Cash (BCH) Could Lose Their Positions

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Litecoin (LTC) and Bitcoin Cash             (BCH) are similar in a lot of ways. Both coins came into existence to compete with Bitcoin             (BCH) as a better alternative. However, the past few months have clearly shown us that Bitcoin             is still the unchallengeable monarch of the crypto world and any coins or projects that have nothing else to offer except for attempting to knock down Bitcoin             will have a hard time surviving. I’m sure a lot of Litecoin fans will say, “Litecoin is addressing a different market” and will come up with different analogies like the famous analogy of Litecoin creator, Charlie Lee who compares Bitcoin             to a busy highway with lots of traffic and Litecoin to a less crowded highway with low traffic. The problem with such statements is that they do not last for long. Six months back you could say that Litecoin transactions are faster than that of Bitcoin             but now you cannot say the same thing. In time, you will not be able to say Litecoin transactions are less costly or less crowded than that of Bitcoin             . That is very logical to expect when you consider that Bitcoin             dominates more than 40% of the crypto market and has the most experienced developers working on it.

Read more on this analysis here: https://cryptodaily.co.uk/2018/04/litecoin-ltc-bitcoin-cash-bch-lose-positions-2019/
Arise chikun.
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that's interesting because as I read this LTC is 1% up against BTC.
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fakhan somanystreams
@somanystreams, Short term gains don't matter.
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@fakhan, fair enough. I think there's a lot of validity in your prediction, but as it stands the charts don't suggest such a thing. Looks like we're easing out of a bear market now in LTC as well as the other cryptos.
Time will tell.
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@fakhan, also, at the moment, LTC is leading the pack on the major cryptos. It's now up 7.33% against BTC. but as i said, time will tell. Though I disagree with you, I'm not saying that you are wrong or that there's not any validity in your thoughts.
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fakhan somanystreams
@somanystreams, If you read the article, it clearly says "The charts look favorable". However, in this market charts do not take time to look bad. Market psychology, actual use cases and fundamental analysis are better indicators.
+1 Reply
ETC to100 lol
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fakhan afreet77
@afreet77, Cardano, ETC, EOS, NEO, NEM are strong contenders for those positions.
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fakhan fakhan
@fakhan, XLM too.
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