Btcltc
Reliving 2012?Will BTC follow its path to the moon? Predict consolidation between 1600-2400 for the following 4-6 months and moon like 2013 once we have "scaling resolution" and SegWit activated (and all justified FUD of a contentious hardfork behind us). LTC SegWit moon should follow because of sidechain usefulness for cross-chain atomic swaps, transaction speed and lower fees for microtransactions with non-competing ASICs SCRYPT mining - predict 0.25 BTC per LTC till the end of 2018. These 2 coins together shall be enough scale to cover the entire globe and avoid a unnecessary hardfork that would make Bitcoin less secure by promoting centralization of nodes and alienation of the users. BTC and LTC shall remain P2P money for people to transact between each other globally without the need of any 3rd party if they wish.
China updates to SegWit, GO LONG NOW!China is upgrading to LTC Segwit in about 5 hours from when I'm writing this. Go long. I'm in at 0.00895 BTC, even getting in over 0.01 is ok.
GLHF
twitter.com
LTC setup next few days, will I get rekt? O_oRight now LTC is in a pretty interesting place. With Segregated Witness support at the strongest its ever been, 82%, it looks like it might be implemented on LTC within the next month.
So, with this in mind, I think LTC looks good over the next few weeks. However, I think a correction still needs to happen, as I feel the price is still a bit inflated from the last pump. In my opinion, the price might head up to the top of the triangle, at around 0.0098 BTC, and then find resistance, sending it down to about 0.0085 BTC. At this point, I think another strong bull run is coming.
Plans:
I've bought in half at 0.0094 BTC, I don't plan to short that, in case the price doesn't correct and keeps heading upwards. I plan to buy in the other half should LTC correct to 0.0085 BTC, and hold that for a while and see how SegWit affects price.
GLHF will be posting updates
