With Bitcoin's pending intermediate correction looming, thoughts are turning to what will happen to the alt-coins. Certainly I have been wondering if we will start to see Bitcoin dominance increasing through both its appreciation and decline. There has been signs of the Alt's loosing value both ways against the alpha dog in the crypto pack.
However, there are not signs forming in some coins of a counter-cyclical appreciation against Bitcoin. Here we see the example of Litecoin (LTCBTC) on Coinbase. We have a large Cup formed over the past few months and this recent correction has created a beautiful handle from which it can launch another surge toward the $100 level, and this time take that ground.
Time to get set, grab some popcorn and watch what happens...or not, as the case may be.
However, there are not signs forming in some coins of a counter-cyclical appreciation against Bitcoin. Here we see the example of Litecoin (LTCBTC) on Coinbase. We have a large Cup formed over the past few months and this recent correction has created a beautiful handle from which it can launch another surge toward the $100 level, and this time take that ground.
Time to get set, grab some popcorn and watch what happens...or not, as the case may be.
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