LITECOIN = The Silver of Cryptos?
Since it's Crypto/ Commodity comparison week and I saw the great interest the community had on my Bitcoin/ Gold comparison, I thought I would try another one.
As I was crossing charts I stumbled upon this one: Litecoin and Silver. As with BTC and Gold, the time frames are different (1W for LTC, 1M for Silver) as Silver is a traditional commodity used commonly for centuries.
What is undeniable are the striking similarities between the two charts:
1st Bull cycle with aggressive parabolic rise. More than -90% bear market decline. Long term consolidation. Less aggressive 2nd Bull cycle. Today.
*Note that this idea is intended to highlight the similarities between the two and nothing more.
Would you argue that Litecoin is the Silver of cryptocurrency? Let me know in the comments section!
BITCOIN - GOLD comparison:
As I was crossing charts I stumbled upon this one: Litecoin and Silver. As with BTC and Gold, the time frames are different (1W for LTC, 1M for Silver) as Silver is a traditional commodity used commonly for centuries.
What is undeniable are the striking similarities between the two charts:
1st Bull cycle with aggressive parabolic rise. More than -90% bear market decline. Long term consolidation. Less aggressive 2nd Bull cycle. Today.
*Note that this idea is intended to highlight the similarities between the two and nothing more.
Would you argue that Litecoin is the Silver of cryptocurrency? Let me know in the comments section!
BITCOIN - GOLD comparison:
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