Digital Silver: Why Litecoin Is Poised To Bounce Versus Bitcoin
Litecoin has had a brutal “bull market” if you can even call it that for the once popular cryptocurrency built on Bitcoin’s code. However, that all might soon turn around, as a massive bounce is brewing on the LTCBTC trading pair. A reversal on the trading pair could help Litecoin catch up to the rest […]
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Litecoin is often called the silver to Bitcoin as digital gold, and strangely, the two cryptocurrencies and two precious metals are exhibiting the same behavior where one is lagging behind the other. The lack of momentum in the digital and physical forms of silver have kept the price of both assets at bay for the […]
Litecoin as digital silver next to the thriving Bitcoin digital gold narrative has done about as well as silver has during gold’s rally to new highs. Oddly, the digital and physical counterparts have both lagged behind their more valuable brethren. However, that could soon change and Litecoin could ultimately benefit from the success of Bitcoin. […]
Bitcoin is well above its former record, thanks in part to the digital gold narrative taking hold in 2020 with institutional investors. But as those who get into cryptocurrencies consider diversifying beyond BTC, one entrepreneur and crypto trader says that Ethereum is the digital version of silver, not Litecoin as it has long been called. […]
So far we have seen Litecoin in a long-term bearish bias, a plague-like downward movement which extended itself in 2015 as well. It is however the first time that the silver coin price neatly touched its 2013's bubble point, the support level which influenced a rally towards $48 - Litecoin's all-time-high. As you can see the weekly chart above, the LTC/USD is valued around 1.68 which is directly coinciding with the levels that originally started the bull-trend towards the ATH in 2013. The reason why 1.68 could be important is because of its knack to act as a borderline between....
Litecoin during the last cycle was as popular and hyped as other top cryptocurrencies Bitcoin and Ethereum. This time around, however, the coin called digital silver isn’t performing anywhere nearly as well as its digital gold counterpart or even other altcoins. Whatever has been causing the lag behind the rest of the market, there are […]