LitecoinLong
LTC Continues it's Move North.
LTC has consolidated over the past few hours moving from a high of $400 to $295
I look for the start of the US trading session to move higher retesting the High of Tuesday and breaking it.
With the influx of new users coming into the crypto space and using coinbase as an onramp to enter into crypto for the first time, they will see LTC as a cheaper alternative to get going compared to BTC. As well as there is somthing mental regarding owning a full coin over a piece of one.
Couple this with the fact that Charlie Lee a.ka. Satoshi Lite has been on TV and all over the web comparing btc to ltc in terms of cost, speed and coin circulation. The branding he has been doing is intense lately. A new article in Time regarding litecoin as well.
I will look for LTC hitting $500 before CME opens for trading.
Hit some rep if you like. My first post and decided to do one right instead of just a few lines and no analysis.
I look for the start of the US trading session to move higher retesting the High of Tuesday and breaking it.
With the influx of new users coming into the crypto space and using coinbase as an onramp to enter into crypto for the first time, they will see LTC as a cheaper alternative to get going compared to BTC. As well as there is somthing mental regarding owning a full coin over a piece of one.
Couple this with the fact that Charlie Lee a.ka. Satoshi Lite has been on TV and all over the web comparing btc to ltc in terms of cost, speed and coin circulation. The branding he has been doing is intense lately. A new article in Time regarding litecoin as well.
I will look for LTC hitting $500 before CME opens for trading.
Hit some rep if you like. My first post and decided to do one right instead of just a few lines and no analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.