LTC vs. BTC

16 мая 2021 г.

Right now, we see that BTC is still showing some weakness as it has drifted down to the 57K range. We see that LTC has drifted down again to almost the 300 support level as well. I am watching this situation closely. I believe this support can continue, but we must remain vigilant. However, it is even more clear on the 1 hour chart, how LTC has in fact begun to diverge from its tie to Bitcoin and begun charting it's own path upward even as BTC has declined. Therefore, barring a general market decline, I see no reason why this trend should not continue. If it does, then I think we could see LTC make a leap forward in the near future. In any case, I am Long on LTC now, so I am content to watch and wait as events unfold. I look forward to where we will be in 6 months or a year from now. On that basis, I do believe that LTC will be considerably higher than it is today. Perhaps even exponentially higher.
That's my opinion. I welcome yours.