Litecoin(LTC) is the Only Bull Left in this Bear Market 12th July 2017
https://www.tradingview.com/x/VKnoCFyz
Most cryptocurrencies have halved in value since we entered a bear market in June. Litecoin has nearly doubled in price. Anyone who sold all their altcoins and bought Litecoin, would have doubled their wealth by now instead of halved their wealth. The relative strength index(RSI) has been bullish for a month. Litecoin has a good shot at reaching a new all time high.
The reason why people are selling off their altcoins to buy Litecoin is because Litecoin itself is a liquidable asset. Most altcoins have to be traded in Bitcoin before we can cash out. A lot more exchanges this summer are selling Litecoin for cash, which is strengthening its price. I can receive Litecoin and cash it out at a bank machine with my Bitcoin/Litecoin Visa card. To me Litecoin is more valuable than most cryptos and even American dollars.
Litecoin could easily double in price again during the segwit2x and UASF fiasco in the coming weeks. Keep a look out for the price of Litecoin going above BTC 0.02 before the market takes another dive next week.
You send Litecoin to my wallet here:
39zkWiJHzThEUmeBuUcf3FVzEFFXRkacNQ
EDIT: For some reason Steemit wont let me post images of charts.
@responsive,
I agree with you 50% ;) yeah LTC is a good asset to hold!
Cheers~
Interesting. I'll check out Litecoin and see what it offers. :D
Its basically a faster copy of Bitcoin. Litecoin was the first to implement segwit. We will find out next month if Bitcoin will implement segwit.
Thank you. I'm planning on buying some LTC, which LTC wallet do you recommend? Thanks.
Currently evaluating which wallet to use during the UASF in August.
Good post, Responsive.
Definitely bullish on LTC. Wha BTC/LTC Card is it by the way, if you dont mind me asking? 🤓
Coinsbank. It was tricky to use the first time, but now I got the hang of it. Best for taking large amounts of cash at one time. I pay my rent with what I earn in BTC.