LTC/BTC - Monitoring the 1D Chart
Litecoin doesn't make a lot of sense to Bitcoin fans, and is seen as some kind of 'regular cola' imitation thing.
But it's friendly image, attractive price and pole position on Coinbase makes it popular with the dumb, unthinking first time gamblers who waddle in to the crypto casino.
For that reason I want to keep an eye on it while we wait for an (inevitable!) resurgence in altcoins.
Will update this regularly with thoughts on how it develops. Expect a relief bounce at one of the old support levels that are detailed with the blue lines.
But it's friendly image, attractive price and pole position on Coinbase makes it popular with the dumb, unthinking first time gamblers who waddle in to the crypto casino.
For that reason I want to keep an eye on it while we wait for an (inevitable!) resurgence in altcoins.
Will update this regularly with thoughts on how it develops. Expect a relief bounce at one of the old support levels that are detailed with the blue lines.
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