Panjang
LTC and BTC: Comparing performance and weekly swings since 2015

In this chart I examine the price action in both
BTC and
LTC, in the weekly timeframe, since the crypto world bottomed in 2015. It is remarkably interesting how during all this time,
LTC seemed to be in hibernation, frequently underperforming BTC, in both rallies and corrections, making the LTCBTC ratio decrease spectacularly ever since. That is, until the scaling debate started in the
BTC camp, and Charlie Lee and his team were smart enough to incorporate the Segwit upgrade that the Core
BTC developer team had been working on, and looking to implement, before they got to reach concensus and do it.
This changed the action drastically, and not only
LTC but also
ETH and other coins have been increasing their activity, and value over time.
The situation makes it so that
LTC can act as a testbed for new
BTC upgrades, and also, due to its network size, and market capitalization, remain a relevant player in this space. My asessment is that we should construct a portfolio of cryptocurrencies, if we want to make a very attractive profit this year, I have been trading these coins actively all year, but I think we now have a new opportunity, specially if
BTC does form a correction in the short term. Keep an eye out for a buy opportunity in both
BTC and $LTC.
Japan's acceptance of cryptocurrencies can start a significant revolution in this space and I think this variable is not yet priced in accordingly. I don't think the ETF can be approved by the SEC, in the case of
BTC, or at least not yet, but if it were to happen it would ignite a furious rally in all these currencies I favor.
Good luck,
Ivan Labrie.
Disclaimer: I hold no
BTC or
LTC currently, and hold positions in
ETH,
XRP, ZZEC,
PPY and $DASH. I reccomend to hold coins in a secure hardware wallet device, like the Trezor, or others.
This changed the action drastically, and not only
The situation makes it so that
Japan's acceptance of cryptocurrencies can start a significant revolution in this space and I think this variable is not yet priced in accordingly. I don't think the ETF can be approved by the SEC, in the case of
Good luck,
Ivan Labrie.
Disclaimer: I hold no
Nota
(Another thing, you can see how objective I am with my analysis...I am not really a fan of ASIC mining, but this doesn't cloud my vision in regards to what the market is saying to me.)Nota
Some links in case you haven't read about this before:btcmanager.com/lightning-network-primer-pt-i-building-payment-channels/
lightning.network/lightning-network-paper.pdf
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.