As requested, my analysis of LTCBTC.
T/A: I'm going to call the last couple of months the segwit spike. This created a rather unconventional market cycle, with an unconventional pullback. It's ugly, and doesn't hold up well to elliott wave theory. I didn't even bother drawing trend lines, because there's none I'm fond of.
Fundamentals: I may take some heat for this, but I'm okay with that. Litecoin, in my mind, does nothing that Dash, Monero, and a whole host of others aren't already claiming they can do. Yes, their tech is better than Bitcoin's, but Bitcoin is far from being de-throned.
Analysis: I do see LTC going up, and I do see its holders making a profit. However, I am a trader first, and I can think of many other coins I'd rather be holding. I find the LTC holders to be a passionate bunch, and I wish you the best of luck.
LTCBTC
T/A: I'm going to call the last couple of months the segwit spike. This created a rather unconventional market cycle, with an unconventional pullback. It's ugly, and doesn't hold up well to elliott wave theory. I didn't even bother drawing trend lines, because there's none I'm fond of.
Fundamentals: I may take some heat for this, but I'm okay with that. Litecoin, in my mind, does nothing that Dash, Monero, and a whole host of others aren't already claiming they can do. Yes, their tech is better than Bitcoin's, but Bitcoin is far from being de-throned.
Analysis: I do see LTC going up, and I do see its holders making a profit. However, I am a trader first, and I can think of many other coins I'd rather be holding. I find the LTC holders to be a passionate bunch, and I wish you the best of luck.
LTCBTC
Yes, you will make filthy cash vs. the fiat pairs, but I'm not looking at LTCBTC to make money.