It’s almost as if Litecoin took a time machine a few months into the future and show the crypto market what’s next to come.
I always find Litecoin to be a leading indicator to the rest of the crypto market in terms of market structure. When was hovering at 6K support, Litecoin broke the support the first, “predicting” what’s next to come for .
Now, as the rest of the crypto market is hovering on resistance, Litecoin broke out of resistance and had a 50% gain. Is the rest of the crypto market going to follow suit?
Of course, nothing is guaranteed, I use the word “predicting” lightly. Litecoin was leading the way for because it’s less liquid , has smaller market cap is more volatile. Therefore it’s market structure is more exaggerated than bitcoin’s. I just find this to be really interesting.
Published at Sun, 07 Apr 2019 02:07:39 +0000