LiteCoin takes 2 big jumps the last couple days, this SIGNALS good news for Bitcoin... and all of Crypto - Some trends I noticed...

in #cryptocurrency7 years ago (edited)

To me, on the 1 week charts, if you look closely when the 3 major spikes took place, it was near the end of the day in UTC time, roughly all 3x.


2 Day Chart here: Look at the peaks and mountains here with essentially steady gains:


1 week view here showing the gains from another perspective.....


Just as day's end their time seemed to approach. So if it is roughly ~10-11 pm in the UK time / UTC - it is roughly ~8 hrs ahead of that and so around 7-8 am in say - Hong Kong

  • these time zone shifts always need to be at least considered as to what is going on as business day starts when the East /West Coast markets in say N. America are generally sleeping.

I am not saying anything is 100% accurate here, I am just noticing trends and thinking rationally. These could be related, even at least partially.

Or maybe not at all!

  • Could it be a whale or group of whales all 3x at the same time, pumping the price?

What I DO know, is I like LiteCoin! The Segwit issues are still underway to fork the changes necessary for the network to improve things and also for Bitcoin as you likely know too. $LTC has been a great store of value!!!

The rises in value have been pretty slow and steady the last few weeks overall... another hallmark of a good currency that solves problems.

The founder of LTC Charlie Lee is active on social media, and pretty cool. I blog quite a bit on LiteCoin!

https://twitter.com/SatoshiLite


I am rooting for $LTC!


Thanks for reading, have a nice day.




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