LTC and ETC showing signs of strength since my last post.
Hello steemians, Crypto investors, and traders,
I wanted to share a quick update after my last post about the strength of ETC and LTC.
Be sure to read my previous post about the Big news regarding ETC being traded on the Chinese Exchange with past charts showing what I considered to be a leveling out and buying opportunity.
https://steemit.com/cryptocurrency/@stacking9mm/btcc-dax-with-bitcoin-ethereum-classic-btc-etc-as-its-first-trading-pair-july-3rd
I'm not saying these coins won't experience ups and downs or anything but I am sticking with my last opinion that both ETC and especially LTC are very stable coins that are likely to make some strong moves very soon. Especially with the positive news for both.
As you can see from the Bittrex charts buyers are accumulating.
I'm not claiming to be an expert in chart analysis by any means but these definitely look like strong signs that both of these coins have a strong future and are solid investments both short and especially long term.
Thank You for reading and Please let me know your thoughts about ETC and LTC.
I completely agree with you. I think that both have big potential coming up, especially LTC in my opinion. I think as time moves on, especially pre hard fork of Bitcoin many will move over to LTC for the same reason we feel it's a good move now, because they are scared of what will happen to BTC post fork. I also am very attracted to LTC due to its fast transaction times. I still can not get over how dam slow BTC transactions are. Like, hurry the F up already!
I concur with your points 100% and I'm also tired of BTC's and other coins sluggishness and fees. I'm sure in time BTC will improve but even after that LTC is always improving and expanding and looking like the logical choice even if BTC dominance continues.
Can you tell me more about ETC vs ETH?
From what I know there's been increased attention on ETC especially by China recently to be used more in their ethereum markets which should mean a higher price soon in my opinion. While ETH has more corporate attention and bigger investors obviously it also has more government regulation and ongoing scaling issues which could be a double edge sword. I know some say ETC is dead but I'm not so sure. People might be looking for a "fresh start" or just a cheaper option to grow on. I'm still researching though so my opinion could easily change by tomorrow to be honest lol. Do you have any thoughts on the differences?
For background you will have to read up (or listen up) on the DAO Hack where millions of dollars worth of ETH were "stolen." Because of that there was a split (a hard fork) where two Ethereums came into existence (ETH and ETC).
ETH eliminated the block(s) where the theft took place and thus got a clean start. Meanwhile ETC still contains the record of the hack. And otherwise they are the same, like clones -- they have the same capabilities to build smart contracts.
There's more and it's interesting to see how it will be resolved. It seems the unscrupulous hackers have not used the plunder. It is known where it is (on the block chain) but not who controls it. That ETH may 1) disappear/be eliminated 2) be returned to the 'rightful' owners or 3) still go to the hackers or I suppose 4) remain unclaimed.
As I said on Youtube, Litecoin is the coin that will replace Bitcoin in day to day transactions. There is a 4 to 1 ratio between LTC and BTC as far totals coins available. It also moves 4x faster, so IMO it is going to end up around 4/1 against BTC and will be the silver to Bitcoin gold. MIT will make Litecoin blow up here in a 2-3 months. Charles Lee is the man and will boost the brand, HODL...
UPVOTED! Couldn't agree more! 🚀LTC!🚀 🌛 🚀LTC!🚀 I'm HODLING and buying the dips to dollar cost average before blast off.
It wouldn't surprise me if Ethereum Classic explodes this year.
Definitely! There seems to be many signals from the past few weeks watching the price even before the recent crypto crash that ETC was being looked at differently. Now combine the China news and I'm sure we will see more action with ETC.. Possibly one more dip before a major move up but either way I'm gonna continue to accumulate on the dips and see what happens in the coming days. I'm sure we will be moving up in the long term.
Go long on $LTC!
It could easily hit $100 USD by year end.
I agree 100% Upvoted and Following by the way :)
very informative post - much appreciated - Upvoted and following!
Thank you! Following you also @silveready1
Nice Post! I think LTC has a bright future ahead. I need to do more research on Ethereum classic. Thanks for sharing!