Litecoin is About to Acquire Much more Ground on Bitcoin?
Is Litecoin about to acquire even far more ground on Bitcoin in the Bitcoin to Litecoin ratio? Jason Burack of Wall St for Major St shows the brief phrase and long phrase charts of the Bitcoin to Litecoin ratio. Check out the analysis on Crypto Examine https://www.cryptocompare.com/
Short phrase charts of Litecoin priced in Bitcoin: https://www.cryptocompare.com/coins/ltc/charts/BTC?p=3M
In the short phrase charts, it seems to be like a bullish cup with a manage continuation chart pattern http://stockcharts.com/school/doku.php?id=chart_school%3Achart_analysis%3Achart_patterns%3Acup_with_manage_continuation has formed. Is technical examination legitimate to use for crypto currency markets? Jason outlines the case why he thinks technical analysis is now valid for crypto trading. A whole lot more financial professionals, including hedge fund managers, are trading crypto with their own income (not always consumer income however).
Elsewhere in crypto market place information, the Wall Street Journal now reviews https://www.wsj.com/amp/content articles/the-force-behind-bitcoins-meteoric-rise-hundreds of thousands-of-asian-traders-1513074750 that many hundreds of thousands of Asians are trading crypto currency day-to-day and Asian crypto exchange volume helps make up close to 80% of the complete crypto marketplace.
When do you feel Litecoin will be at $1k per coin? 1 year? two years? More than 2 years? Much less than one 12 months? Less than 6 months?
Do you feel Litecoin will proceed to achieve towards Bitcoin as the Bitcoin to Litecoin ratio commences to favor Litecoin?
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