In the crypto carnage of this week, Litecoin testing resistance.
Worse case scenario in my mind? Litecoin bounces off the bottom of its blue channel, where it behaved itself politely white BTC and ETH were causing drama.
Litecoins main weaknes is that it brings nothing new. Hence Bitcoin, Ethereum and Steem will beat it in my point of view. Steem is the hottest issue now since Steemit grows rapidly and so will Steem soon. It may multiply it value about ten times till the end of year.
I agree with you on Litecoin's main weakness. You're right. But one could also argue that litecoin has advantages over its competitors. Many similar products, each grasping for market share; each with slightly differing features.
Nice article. Good to see I'm not the only one that is thinking about this. Buy and hold for the upcoming 2 to 5 years and the market will find it's way. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Do you know this interesting site? https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. For example: https://www.coincheckup.com/coins/Litecoin#analysis For the Litecoin Detailed analysis
Litecoins main weaknes is that it brings nothing new. Hence Bitcoin, Ethereum and Steem will beat it in my point of view. Steem is the hottest issue now since Steemit grows rapidly and so will Steem soon. It may multiply it value about ten times till the end of year.
I agree with you on Litecoin's main weakness. You're right. But one could also argue that litecoin has advantages over its competitors. Many similar products, each grasping for market share; each with slightly differing features.
MUST HODL!
Nice article. Good to see I'm not the only one that is thinking about this. Buy and hold for the upcoming 2 to 5 years and the market will find it's way. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Do you know this interesting site? https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. For example: https://www.coincheckup.com/coins/Litecoin#analysis For the Litecoin Detailed analysis