I've Changed my Mind about Litecoin.

As the digital landscape evolves and debates between Bitcoin and Gold go back and forth non-stop, we see big moves in the establishment to support and accept Bitcoin as the currency of the future. Apple, Microsoft, Starbucks, Google, as well as mainstream media have all shown their support towards cryptocurrencies taking over the world.

Despite one's beliefs about how gold is the ultimate money as a store of wealth, and the gold and silverbugs' constant knock off of Bitcoin as a big lump of hot air, we may want to get a broader scope of what exactly Bitcoin does for us, and how it will be pushed upon countries around the world.

But let's focus specifically on Litecoin, which may be a sleeping giant. It turns out that Litecoin, having the reputation of the "Silver to Bitcoin's Gold", may actually have a lot in common with the white metal's age-old suppression.

We know that silver is undervalued, a physical asset that was once money, cast out of the minds of everyone and thrown away throughout landfills everywhere. In the early 2000's however, the white metal started its bull market, going from 4 dollars to an impressive $50 ten years later.

We've then seen a cyclical bear market within a secular bull market, a pullback from the highs down to around $15. But if anyone knows about the bull/bear markets in a fiat currency, we can see that although silver has been smashed below its channel, only so much suppression can be done before natural forces break through.

We already know this.

So what about Litecoin?

Observing Litecoin's strong community and consistent work behind the scenes to integrate it into the world system, it makes me think that Litecoin isn't finished. 2017's mania around crypto was a signal to me as well as many others, that the fight against fiat was just getting started.

Of course it was a very powerful move up that lasted well throughout the year. Litecoin remained flat at around $4 until the spring season, when it literally sprung and blasted off into its range between $30 and $60, topping out at near $400 before its correction.

We are at the stage now of despair, as the final move we saw dropped it towards the $60 support.

Is this a bubble popping, or have we hit the bottom?

Remember, we are in a fiat-dominated world where the currency has no backing, and there's not enough gold or silver to go around absent a higher price. Markets in fiat currencies make these gigantic moves because the paper they're based on is quite honestly, disintegrating.

We've also observed that Bitcoin's markets evolve faster than golds, and Bitcoin's tendency is to displace the hype that should be going into gold. I think the same can be said about Litecoin. While there are other cryptocurrencies such as Bitcoin Cash, RaiBlocks and Hedera that work on Bitcoin's issues, Litecoin's reputation and its market moves hint towards me the idea that Litecoin will have a blazing fast move around the end of this year.

None of this is to be considered financial advice, though. We should all do our own research and trade carefully. Much of this speculation and more can be discussed in our discord group, linked below.