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RE: Checking out the price of Litecoin (LTC) at the end of the day ! 🚀 🌚
The LTC run has been insane over the last several days. Do you think the run is largely due to the influx of new CoinBase users? Many people I know aren't aware that crypto is divisible, and it's possible they would rather 1 LTC than a fraction of BTC or ETH.
Yes, I think that is a massive part of it. I wrote a post a few days ago (link below) on how new people even if they knew the 3 coins that Coinbase offer are divisible they would rather have 1 full LTC than maybe 0.5 of Ethereum or even less of a BTC. Plus the network traffic on the other two right now.
https://steemit.com/litecoin/@somecoolname/is-litecoin-ltc-the-coin-of-the-future
I agree with you completely. Plus, the ratio BTC/LTC ratio seemed oversold as well. LTC was due for a good run. It'll be interesting to see if the newcomers hodl through a correction.
"It'll be interesting to see if the newcomers hodl through a correction." Good point.
I wonder if LTC will become as volatile as Bitcoin with it's massive price swings.