1/ Tinfoil hat time, because we're about to dive into the Verge chart Vs. Bitcoin in 2017. And... something going on with Litecoin.
This was the setup the XVG/BTC chart had heading into December of 2017. This chart spans a timeframe of about 7-months, before the mega pump.
This was the setup the XVG/BTC chart had heading into December of 2017. This chart spans a timeframe of about 7-months, before the mega pump.
2/ And, as strange as it seems, on the scale of nearly 8-years, Litecoin has printed a similar structure vs Bitcoin.
3/ If you spend enough time studying every single in and out of what happened between those two fractals on those two timeframes, it shows you the same general thing is going on between the two.
While some extremes are there, the general format is the same.
While some extremes are there, the general format is the same.
4/ Will it play out the same? Time will tell.
And the purpose of this is not to be "FOMO into Litcoin time". As you may know, I'm bullish on the altcoin market in general. And while I own some Litecoin, it doesn't represent the larger part of my portfolio pie.
And the purpose of this is not to be "FOMO into Litcoin time". As you may know, I'm bullish on the altcoin market in general. And while I own some Litecoin, it doesn't represent the larger part of my portfolio pie.
5/ I spend very little time charting out Alt vs BTC pairs.
However, with the BTC+ETH Dominance dancing on it's support this long, and all these different pairings near their lows... something feels ready to give. And LTC/BTC might be showing us something.
However, with the BTC+ETH Dominance dancing on it's support this long, and all these different pairings near their lows... something feels ready to give. And LTC/BTC might be showing us something.
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