Please Don't Sleep On Litecoin (LTC) 2021 Digital Silver
Litecoin is possibly the most important alt-coin aside from Ethereum in my opinion and it is still a sleeping giant. Why do I say that? Simply because of longevity and trust. Developed in 2011, Litecoin is by far one of the oldest cryptocurrencies that has remained a top 10 cryptocurrency for over 95% if its lifespan and that won't change any time soon.
Do not underestimate the importance of time and trust in the market, especially in a market like cryptocurrency. I believe many people underestimate Litecoin's network effect of being the go to trusted alt-coin for an expansive source of liquidity, trust, and stability. Where Bitcoin goes Litecoin will most likely follow.
I say this because after Bitcoin and Ethereum, Litecoin tends to be the next crypto asset many accredited investors and institutional investors turn their eyes to. Why? Because of trust.
With that being said, Litecoin still has a lot of run up and room to grow. If you think Litecoin will not re-test or surpass it's all time highs you may want to re-consider that thought. Litecoin is the oldest "oscillator coin" that will grow and follow bitcoin’s price performance closely.
Currently trading at $155 it is still a great time to invest in Litecoin and be a whole coiner before a new price discovery phase commences this year. We have major resistance at around $172 but once we break past the 0.382 we can expect a run up to test the 0.5 on the Fibboancci Retracement putting us around $219 for the next target.
Happy investing and trading! Cheers!
Do not underestimate the importance of time and trust in the market, especially in a market like cryptocurrency. I believe many people underestimate Litecoin's network effect of being the go to trusted alt-coin for an expansive source of liquidity, trust, and stability. Where Bitcoin goes Litecoin will most likely follow.
I say this because after Bitcoin and Ethereum, Litecoin tends to be the next crypto asset many accredited investors and institutional investors turn their eyes to. Why? Because of trust.
With that being said, Litecoin still has a lot of run up and room to grow. If you think Litecoin will not re-test or surpass it's all time highs you may want to re-consider that thought. Litecoin is the oldest "oscillator coin" that will grow and follow bitcoin’s price performance closely.
Currently trading at $155 it is still a great time to invest in Litecoin and be a whole coiner before a new price discovery phase commences this year. We have major resistance at around $172 but once we break past the 0.382 we can expect a run up to test the 0.5 on the Fibboancci Retracement putting us around $219 for the next target.
Happy investing and trading! Cheers!
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