Litecoin is About to Gain More Ground on Bitcoin?

Is Litecoin about to gain even more ground on Bitcoin in the Bitcoin to Litecoin ratio? Jason Burack of Wall St for Main St shows the short term and long term charts of the Bitcoin to Litecoin ratio. Check out the research on Crypto Compare https://www.cryptocompare.com/

Short term charts of Litecoin priced in Bitcoin: https://www.cryptocompare.com/coins/ltc/charts/BTC?p=3M

In the short term charts, it looks like a bullish cup with a handle continuation chart pattern http://stockcharts.com/school/doku.php?id=chart_school%3Achart_analysis%3Achart_patterns%3Acup_with_handle_continuation has formed. Is technical analysis valid to use for crypto currency markets? Jason outlines the case why he thinks technical analysis is now valid for crypto trading. A lot more financial professionals, including hedge fund managers, are trading crypto with their own money (not necessarily client money yet).

Elsewhere in crypto market news, the Wall Street Journal now reports https://www.wsj.com/amp/articles/the-force-behind-bitcoins-meteoric-rise-millions-of-asian-investors-1513074750 that many millions of Asians are trading crypto currency daily and Asian crypto exchange volume makes up around 80% of the total crypto market.

When do you think Litecoin will be at $1k per coin? 1 year? 2 years? More than 2 years? Less than 1 year? Less than 6 months?

Do you think Litecoin will continue to gain against Bitcoin as the Bitcoin to Litecoin ratio starts to favor Litecoin?

Please visit the Wall St for Main St website here: http://www.wallstformainst.com/
Follow Jason Burack on Twitter @JasonEBurack
Follow Wall St for Main St on Twitter @WallStforMainSt

Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst

Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437

If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website.

Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected]

Litecoin is About to Gain More Ground on Bitcoin?

Related Post:

About The Author

Kane Dane