Litecoin Lagging Behind Price Analysis

in #litecoin6 years ago

Litecoin Hasn't Been The Most exciting Coin To Trade Recently, Being One Of The Weakest Coins In The Top The General Sentiment Around LTC Is Boring, But This Is Nothing New, Litecoin Has A Habit of Being Boring Then Out of No Where Making Explosive Moves.

Im Completey Neutral At Best On LTC Right Now, Its Struggling To Reach The Resistance Zone Above It, If It Breaks Down From The Ranging Zone The Reversal Is Over And It Needs To Hold At The Low Around $110.

A Push Above The Resistance Could Bring us Some Bullish Momentum For A Nice Run, But Its A Waiting Game For Now.

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This Is Not Financial Advice

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Litecoin was never an interesting coin to follow, except maybe for a hot second in its early days. Other that maturity, does it even have anything going for it in terms of USP? Everyone I know who once held a position has shifted to Ethereum, Ripple, Dash, Monero, etc. (In no way trying to promote specific currencies, just an anecdotal side-note)

I Tend to agree with you, lots of hodlers I know have not been keen on holding LTC vs Other Cryptos in the top 10.

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