Litecoin (LTC): Is Leading BTC in the ABC Correction; Here is How in This Analysis!
SUMMARY
Very interesting on how Litecoin (LTC) is still leading Bitcoin (BTC). LTC is already complete with waves a,b and has already started the c wave whilte BTC has just completed wave A. This allows an analyst to assess the BTC pathway with more clarity. More details in the video!
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We saw BTC struggling under the load of the high transaction volumes. Can we be confident that LTC will fare any better?
More than 3 times better, just from the fact that it produces a block every 2.5 minutes instead of every 10 minutes. On top of that, the current transaction volume is much lower, that means more space to grow
Up, Up, Up, all I want to see is it going up!
Best investment I ever made was to buy litecoin!
Off-Topic:
DO NOT BUY TITANIUM (BAR) THEY GO HACKED! ALL BAR IS USELESS!
Dive into You-Tube about it to get more information...
Why not use a weighted average based on trading volume?
(Paste in trading view)
(BITFINEX:BTCUSD * 66 + COINBASE:BTCUSD * 12 + BINANCE:BTCUSDT * 46 + BITSTAMP:BTCUSD * 19 + HITBTC:BTCUSD * 6)/149
credit:@cryptorae
Yes, then you can include all.
Can you do TA for RLC(iexec)??
interesting on all this is that nothing in this market is completely stable. We just follow that to have a little idea about nothing. 😎😎😎 So... thanks for your great job! I really appreciate. 👍🏽
I'd love to see your TA on MINT. I requested it a few weeks ago when it was at 7 satoshi, it has since climbed to 18 satoshi and I believe we will see 40 before this rise is through. Thanks!
Thanks for your analysis . In your opinion, why LTC tends to anticipate BTC moves ? Because it is considered the most BTC-like coin but marketcap is far lower and it can react faster to market ?
Bitcoin is king, all alt-coins wait for Bitcoin to make its move and follow shortly after. Litecoin is very similar to Bitcoin and is also one of the few you can buy with FIAT along with Ethereum. That is why is sometimes not always you will see BTC, ETH, and LTC behaving very similar.
Litecoin Price Action
Expecting a drop towards $200, great psychological support. More depth analysis here: https://steemit.com/cryptocurrency/@kidmartin-95/8j229z0u
There is no doubt that the next wave of millionaires/billionaires is coming from cryptocurrencies!
Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
I am sure about it, main point is not get REKT before the wave
I don’t agree with your assessment as to why LTC behaves differently to BTC. First, it’s always sentiment driven. Second, that sentiment is cycle driven. LTC and BTC cycles are non-phasic and as cycles don’t overap or diverge or converge for too long, this non-phasic will dissolve to more phasic.
Here is a more in depth analysis as to why i think altcoins follow bitcoin. I'd love to hear your thoughts please get back to me. Thank you for your time :)
https://steemit.com/cryptocurrency/@kidmartin-95/why-altcoins-follow-bitcoin
Wasn't LTC the original ALT-COIN? I like it because there is less transaction fees. I'm new here. Where are you from.
@haejin, I see you still have issue with your mousse. If you want me to help you troubleshoot the issue. Check for the email I sent to your haejin_crypto email on the 3rd of February with subject "Help with your mouse issue on trading view".
Thanks, I will.
I was watching ETH and wondering the same thing. Anyone any thoughts?