(LTC Analysis) Should You Buy Litecoin Or Bitcoin?

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A lot of people will agree that the charts of high market cap coins look similar. If you look at the movement of Bitcoin and Litecoin, you will notice that the charts are almost identical. The biggest difference is that Litecoin seems to have a much larger volatility than Bitcoin. In this video, I talk about how you need to pay attention to how charts react because you may be missing out on gains on similar charts.

Based on the charts at the moment, it looks like Bitcoin could bounce 10% and Litecoin could bounce 20%. I think there is a lot of opportunity to get in on these gains because of the recent drops. The Chinese ICO rumors have created a great opportunity and we need to take advantage of it. Remember, coins are going to be volatile but that is the best way to make money on them. Learning to follow the support and resistance lines is one of the best ways to bring in 5-10% gains.

Post Author: CoinCryptoNews