LTCBTC - not my cup of tea - Neutral
Updated
As requested, my analysis of LTCBTC.
T/A: I'm going to call the last couple of months the segwit spike. This created a rather unconventional market cycle, with an unconventional pullback. It's ugly, and doesn't hold up well to elliott wave theory. I didn't even bother drawing trend lines, because there's none I'm fond of.
Fundamentals: I may take some heat for this, but I'm okay with that. Litecoin, in my mind, does nothing that Dash, Monero, and a whole host of others aren't already claiming they can do. Yes, their tech is better than Bitcoin's, but Bitcoin is far from being de-throned.
Analysis: I do see LTC going up, and I do see its holders making a profit. However, I am a trader first, and I can think of many other coins I'd rather be holding. I find the LTC holders to be a passionate bunch, and I wish you the best of luck.
LTCBTC
T/A: I'm going to call the last couple of months the segwit spike. This created a rather unconventional market cycle, with an unconventional pullback. It's ugly, and doesn't hold up well to elliott wave theory. I didn't even bother drawing trend lines, because there's none I'm fond of.
Fundamentals: I may take some heat for this, but I'm okay with that. Litecoin, in my mind, does nothing that Dash, Monero, and a whole host of others aren't already claiming they can do. Yes, their tech is better than Bitcoin's, but Bitcoin is far from being de-throned.
Analysis: I do see LTC going up, and I do see its holders making a profit. However, I am a trader first, and I can think of many other coins I'd rather be holding. I find the LTC holders to be a passionate bunch, and I wish you the best of luck.
LTCBTCNote
Nice run chikun...nice run. But if your purpose in life is to add more BTC to your stash...why would you buy another currency coin that will likely end up trading in a ratio to BTC? Yes, you will make filthy cash vs. the fiat pairs, but I'm not looking at LTCBTC to make money.
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