LITECOIN's turn?
And after the massive rise of DOGE and also to a lesser extent of ETHEREUM, the next altcoin that seems to want to leave its previous ATH is LITECOIN.
We have spent a few days of uncertainty where it seemed that the market could collapse, however, LITECOIN has continued to rise until again breaking its maximum of the present year.
If the total market cap continues at the current or higher levels and while BTC is losing dominance, it would not be unusual to see this token touching 1000 USD despite the fact that, like DOGE, it does not contribute anything new to the blockchain ecosystem that differentiates it from BITCOIN .
It is also good to indicate the growth of interest that is appreciated in the futures markets, specifically in BINANCE.
When the rise in price is accompanied by the rise in the Open Interest, this usually indicates a good rally at the doorstep.
ALTCOIN Season is not yet finished, we should see massive gains in all major altcoins, being LTC one of them.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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LTC transactions are so much faster than BTC (and cheaper beyond any comparison)
That’s true
Excuse me, sir, are you saying that Dogecoin is almost the same as Bitcoin. And that Litcoin is different from the two of them?
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DOGECOIN is a fork of BTC as well as LITECOIN is. Only a few parameters, block size and supply are different so, yes they are basically similar.
LITECOIN and BTC use case is the same but LITECOIN is faster in transactions and cheaper
Oh I understand your point now
thank you so much for responding
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I am very bullish on Litecoin!
Thank you for the analysis @toofasteddie!
I think investors are just playing a game of 'who's next' at the moment. Once one bull run ends, they move on to the next coin with potential and create another bullish circle. Seems to be an unspoken consensus on that