Litecoin: slow and steady
Ultimate oscillator and Williams%R (neither shown) are quiet. Neither overbought nor oversold. Just trading comfortably. Keltner volatility channel shows that LTC generally stays inside of it (as of late) but when it broke above the channel, it promptly sold to dip back into the channel (as it should). LTC climbing steadily up the blue hill. Largely underappreciated, IMO. MACD gives us no clear information other than we are in an uptrend. LTC, on the whole, has been a very slowly but steadily growing coin. Bitcoin and Ethereum are stealing the spotlight lately, but folks fed up with $3,000 bitcoin will appreciate the baby brother. BTC:LTC mine-able ratio = 21:84 or 1:4. But the price? $3,000:30!? LTC has some serious catching up to do.
LTC seems to have been extremely overlooked lately and is a solid investment option for those who feel like they missed the train with btc and eth in my opinion. Apparently Charlie Lee said "LTC to the moon" in a statement when he left his job at coinbase. I'm thinking the first alt coin should do well and gain momentum soon. Here's the Charlie Lee article. http://www.livebitcoinnews.com/charlie-lee-leaves-coinbase-focus-litecoin-full-time/
Great post!
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