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RE: Litecoin post! About the upcoming controversial fork, tech picture of LTC and Microsoft's decentralized identity systems
Great post! I only have one criticism. You say that "the damage on the chart has been enormous, so don't expect an instant recovery to the highs" but then you use a LTC/USD chart. Doh! Nobody uses USD as a proper reference in crypto. If you look at a LTC/BTC chart you would see we are already at the highs and passed them!
I guess I'm nobody then :), cause I like to see what I can cash in and out for. I'm not past the fiat stage yet, but I'm here to learn.
I think, yeah, it's probably good to look at both on the top-10 coins. Because there are indeed some fiat onramps that use LTC as a pair. But don't forget to look at the BTC charts as well! That BTC all-time high is pulling on it like a deadweight.
Thx @shanghaipreneur for your input, I appreciate it. If you check my blog you'll see I currently reference all altcoins off of BTC/USD. Thanks again.
That's also a valid point as i know a few people that use BTC as a ref, but most traders in my circle use USD on daytrading and levels. BTC is volatile and erratic and can be used only as a reference point when looking at overall performance in comparison to other cryptos. In this case you are right though - it has passed a big lvl.