There is a trend among all altcoins against Bitcoin.
That trend is that no other altcoin can catch up to the growth of bitcoin.
For Example, if you look at ETHBTC, after ETH almost over took half of the coin market share back in May/June, Eth was never able to sustain such growth, failing to exceed its previous high in USD. In ETHBTC chart, ETH is consistently losing its strength against BTC.
Ethereum isn't the only coin that is losing strength against BTC. In fact, this is the trend for MAJORITY of the altcoins in the market
However, for Litecoin, it has been able to some what match the growth of Bitcoin.
Although according to the trendline, Litecoin is actually losing strength against Bitcoin, but only ever so slightly.
The chart shows that Litecoin was basically able to keep up with the growth of Bitcoin.
What I have on the chart is me counting the time between each bullish/bearish run cycle, and its been repeating every 68 to 73 days.
Although the market condition is always changing, Litecoin has been quite resilient through the Bitcoin cash fork. People should have been pulling out of altcoins into BTC to get free Bitcoin Cash.
But that was the first fork, and people didn't know what was going to happen, so maybe only few people cashed into BTC for free BTCash.
I see two possibilities:
1. If people learned their lesson, and majority of the market pulls their altcoins into BTC for free B2X, then LTC won't blow up maybe until after the fork.
2. However if Litecoin can be resilient once again, then we will see LTCBTC blow up once again.
This means LTC will probably pass the previous all-time high in US dollars.
That trend is that no other altcoin can catch up to the growth of bitcoin.
For Example, if you look at ETHBTC, after ETH almost over took half of the coin market share back in May/June, Eth was never able to sustain such growth, failing to exceed its previous high in USD. In ETHBTC chart, ETH is consistently losing its strength against BTC.
Ethereum isn't the only coin that is losing strength against BTC. In fact, this is the trend for MAJORITY of the altcoins in the market
However, for Litecoin, it has been able to some what match the growth of Bitcoin.
Although according to the trendline, Litecoin is actually losing strength against Bitcoin, but only ever so slightly.
The chart shows that Litecoin was basically able to keep up with the growth of Bitcoin.
What I have on the chart is me counting the time between each bullish/bearish run cycle, and its been repeating every 68 to 73 days.
Although the market condition is always changing, Litecoin has been quite resilient through the Bitcoin cash fork. People should have been pulling out of altcoins into BTC to get free Bitcoin Cash.
But that was the first fork, and people didn't know what was going to happen, so maybe only few people cashed into BTC for free BTCash.
I see two possibilities:
1. If people learned their lesson, and majority of the market pulls their altcoins into BTC for free B2X, then LTC won't blow up maybe until after the fork.
2. However if Litecoin can be resilient once again, then we will see LTCBTC blow up once again.
This means LTC will probably pass the previous all-time high in US dollars.