LTC and BTC: Comparing performance and weekly swings since 2015
In this chart I examine the price action in both $BTC and $LTC, in the weekly timeframe, since the crypto world bottomed in 2015. It is remarkably interesting how during all this time, $LTC seemed to be in hibernation, frequently underperforming BTC, in both rallies and corrections, making the LTCBTC ratio decrease spectacularly ever since. That is, until the scaling debate started in the $BTC camp, and Charlie Lee and his team were smart enough to incorporate the Segwit upgrade that the Core $BTC developer team had been working on, and looking to implement, before they got to reach concensus and do it.
This changed the action drastically, and not only $LTC but also $ETH and other coins have been increasing their activity, and value over time.
The situation makes it so that $LTC can act as a testbed for new $BTC upgrades, and also, due to its network size, and market capitalization, remain a relevant player in this space. My asessment is that we should construct a portfolio of cryptocurrencies, if we want to make a very attractive profit this year, I have been trading these coins actively all year, but I think we now have a new opportunity, specially if $BTC does form a correction in the short term. Keep an eye out for a buy opportunity in both $BTC and $LTC.
Japan's acceptance of cryptocurrencies can start a significant revolution in this space and I think this variable is not yet priced in accordingly. I don't think the ETF can be approved by the SEC, in the case of $BTC, or at least not yet, but if it were to happen it would ignite a furious rally in all these currencies I favor.
Good luck,
Ivan Labrie.
Disclaimer: I hold no $BTC or $LTC currently, and hold positions in $ETH, $XRP, $ZEC, $PPY and $DASH. I reccomend to hold coins in a secure hardware wallet device, like the Trezor, or others.
This changed the action drastically, and not only $LTC but also $ETH and other coins have been increasing their activity, and value over time.
The situation makes it so that $LTC can act as a testbed for new $BTC upgrades, and also, due to its network size, and market capitalization, remain a relevant player in this space. My asessment is that we should construct a portfolio of cryptocurrencies, if we want to make a very attractive profit this year, I have been trading these coins actively all year, but I think we now have a new opportunity, specially if $BTC does form a correction in the short term. Keep an eye out for a buy opportunity in both $BTC and $LTC.
Japan's acceptance of cryptocurrencies can start a significant revolution in this space and I think this variable is not yet priced in accordingly. I don't think the ETF can be approved by the SEC, in the case of $BTC, or at least not yet, but if it were to happen it would ignite a furious rally in all these currencies I favor.
Good luck,
Ivan Labrie.
Disclaimer: I hold no $BTC or $LTC currently, and hold positions in $ETH, $XRP, $ZEC, $PPY and $DASH. I reccomend to hold coins in a secure hardware wallet device, like the Trezor, or others.
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Long term uptrend target and view:
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(Another thing, you can see how objective I am with my analysis...I am not really a fan of ASIC mining, but this doesn't cloud my vision in regards to what the market is saying to me.)
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Some links in case you haven't read about this before:
btcmanager.com/light...ng-payment-channels/
lightning.network/li...ng-network-paper.pdf
btcmanager.com/light...ng-payment-channels/
lightning.network/li...ng-network-paper.pdf
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This might be enough of a pullback to go long:
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65 cent profit already...per LTC bought.
65 cent profit already...per LTC bought.
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