It looks like Litecoin too is poised to breakout by the end of the year. Looks like the MACD is showing a slowing of bear trends and will start heading upward with the rest of the crypto market.
If 2017 repeats, we will see at least the top 20 alt-coins breaking out with bitcoin. There are much higher returns for those investing a few thousand dollars in an alt than in Bitcoin. 200% is much more realistic for an altcoin that is $0.05 than 200% on $10,000. But, the sky is the limit.
Disclaimer: Cryptocurrency market is notoriously unstable and are easily influenced by external events. This is no guarantee of a breakout. This analysis is based on past events and indicators. Dates are not predictions, as bull/bear markets seem rather sudden.
If 2017 repeats, we will see at least the top 20 alt-coins breaking out with bitcoin. There are much higher returns for those investing a few thousand dollars in an alt than in Bitcoin. 200% is much more realistic for an altcoin that is $0.05 than 200% on $10,000. But, the sky is the limit.
Disclaimer: Cryptocurrency market is notoriously unstable and are easily influenced by external events. This is no guarantee of a breakout. This analysis is based on past events and indicators. Dates are not predictions, as bull/bear markets seem rather sudden.