LiteCoin (LTC/BTC) Analysis
SUMMARY
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Most big caps have fallen back to old long term trend lines. I think it might flatten out for a while before a slow rise begins. Full cycle crypto reset!
Litecoin is an OG in the crypto game and will be valued at 20-25% of the value of BTC by 2020. HODL guys and it will pay off huge!!!!
LTC is highly correlated to BTC price movements. It’s chart even looks similar. Whether it’ll be 20% of BTC, we’ll see.
Not sure why so many spend any amount of time looking at charts. Buy when you think it is cheap and sell when you think it is overpriced. Nobody can predict the future, and no chart will tell us when the time to buy or sell is.
I've been doing this since 1997. The first few years, I felt the same. But once my projections started happening, I became convinced that TA was for me. Is it for every one? No, but I've had enought positive experience with it to realize that news and events soon arrive to justify the forecast.
I go back and forth on this. Sometimes I see chart TA people just straight up nail the price moves and I think, "Gee, I should learn TA." Then I'll see a TA char watcher completely blow a call and I think, "Gee, TA is all BS."
Yeah it's 50-50 no different then you or I say (without using charts) buy now at this price. Could go up or could go down. Charts are a waste of time, when they look like they made a good call thats the 50%. The other 50% of the time the chart person is wrong.
Good night to you @haejin
Thank you for the advice
I follow you .. Please follow me
With a little support I would be very happy
@haejin, thanks for the synopsis of the analysis, I have been analyzing the coin and I think it's worth holding for any investor. Though the bitcoin price is down, it's still easy to access, simple to use and has branding that 99% of alts wish they had. It's on Coinbase and compliments bitcoin with a proven blockchain.
Cuando se volverá a 200 usd??
there's a new ACM coin by GCOX is launching ITS now, u can add this to your list too! manny pacquiao, michael owen and jason derulo is one the investor & celebrities too! join now at www.gcox.com to get more news n updates!
it worth a shot to take a look
I will post on this later in the week. My Crypto analysis is now posted on Bitcoin Live site.
thank you so much for your reply, okay looking forward on your news
Thanks for your sharing, i will try go in to learn it.
These type of forecasts are quite a stretch; in the larger picture this would be calling for LTC to go to zero, while other Alt coins rally, or if this scenario plays out it would be more likely that all alt coins go to zero (which isn't likely).
Basically if you make a call for a large cap alt coins you're making a call for all large cap alt coins