The price of is now the longest bull market run since the run up to record highs back in 2017-2018. Moreover, evidence suggests there is still a bit of room to run before we run into some technical overbought territory as suggested by our and sentiment indexes. While Daily FX does not provide sentiment analysis for Litecoin as they do for , we can definitely use this data on as a proxy for Litecoin as tends to be the market leader in price action because it is the higher liquid marketplace. Even so, we know that Litecoin and are clearly cointegrated. More on that and Litecoin here:
At any rate, we could still see some upward momentum in which, again, is a much better performer than any of its major peers in spite of its relative illiquidity compared to Etherum or its the crypto behemoth . That said, risk off sentiment will probably lead to price in the crypto market if we see a broader selloff in other high risk markets such as corporate debt, or junk bonds. Expect that to also potentially occur definitely in the next year.
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Published at Tue, 26 Mar 2019 05:04:27 +0000
