We saw a break above the triangle pattern we've used as a gauge and saw some increased buying volume that helped break above the nearest MVA's to establish some price flooring. I expect LTC to benefit from a surge in BTC value as Those roll those profits down into older and similar chains to BTC.
My theory is that if BTC breaks higher and above the next ATH, the profit-taking will happen for the older wallets. If market history is any indicator, then the smaller altcoins could see rising prices. In short, we could see buyers enter LTC as a "Silver" option to BTC's "gold" label.
My theory is that if BTC breaks higher and above the next ATH, the profit-taking will happen for the older wallets. If market history is any indicator, then the smaller altcoins could see rising prices. In short, we could see buyers enter LTC as a "Silver" option to BTC's "gold" label.
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