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Jan 2, 2021 11:30 PM

LTCUSD - Possible to move above $1000 ? Yes probable  Long

Litecoin / DollarBitfinex

Description

Expecting LTCUSD to post 200% intially and 500 & 1000% gains subsequently once Bitcoin takes a breatheer & LTCBTC pair breaks its resistance. Waiting for LTCUSD local Breakout. Offcourse everyone likes DOT & i like it too, but i believe LTC may surprise with its resillience
Comments
CodeGangsta
What is the basis of this reasoning? Why would ltc surpass its highs and break correlation with btc?
ThinkNauts
@CodeGangsta, It would be "catching back up". The ratio is way off and it previously broke correlation during bear market drop. It will still be correlated, but at a higher ratio after the move.
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