Topic: What's your analysis of LTC and what's your thoughts of the application of it? (Read 194 times)

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You make an interesting point, but why do you think there should be any correlation between BTC and LTC? It is nothing like the connection between gold and silver - that is to do with physical demand and sources of supply. If, as you say, LTC offers a better technical implementation than bitcoin, it should perform much better.

I agree on the fact that LTC is the most potent coin out there.

I completely disagree though, with your statement "Its correct value is 1/12 of bitcoin, which is the historical value of silver in relation to gold". It's not true.

Litecoin isn't like silver to gold. Litecoin is currently not as much accepted as Bitcoin, but it will be.

It's gaining support from a lot of places and is indeed far more apt for daily payments than Bitcoin itself.
And what is Bitcoin's use, if it's not used for daily payments? It will turn into a collector's item. Nothing more, nothing less.

I feel like there will be an altcoin (Litecoin perhaps) taking over  Crypto-market dominance from the "invincible" Bitcoin.

Therefore, Litecoin's correct value is much higher than Bitcoin's current value.

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I feel like Litecoin is going to rise to a value of $10,000 / LTC in a couple years. It's gonna take over BTC.

Dude here is the Bitcoin section!
You post belong to altcoin section.
Whatever you want to discuss about shitcoins, please do it over there.

From all the altcoins, LTC is the one with the brightest future. It is implementing all Core technologies ahead of bitcoin, and it is more apt for daily payments than bitcoin itself.

Its correct value is 1/12 of bitcoin, which is the historical value of silver in relation to gold.

We all know that LTC not only sets a new all-time high, but also holds a great possibility to move higher, what's your thoughts and how do you think the application of LTC in the future?

Yes, I still have a analysis from Kuang Ren for you and it's published on AICoin.com, you can visit our website and experience our web chart there.

BTC:
Let’s look at the chart (as attached):

Price continuously tested the magical MA 5, and may make the final decision on further direction starting from MA 5 tonight combined with the accelerating gains in price before. Judging by today’s overall momentum, we can see an obvious fall in volumes when compared with that of last 2 days,

indicating that short-term bulls exhaustion has increased a lot, which means BTC may oscillate around MA 5. We expect that price is likely to remain above MA 5 and continue its choppy move.

LTC:
This round of LTC price rally sets a new all-time high with a violent change in volumes. What can be seen on the chart is that the higher shadow is being formed with increasing volumes. In the short term, a correction is on the way. As you can see, price now is far above MA 5, DO NOT chase high,

instead, you can buy on dips and sell on surges. Further operations can be implemented once price steps back to MA 5. The oscillating and upward picture remains intact after the incoming correction (See the chart as attached).

ETH:
Double bottoms are formed on short-term daily chart, and price holds the possibility to break and remains above the price around the neck line. As the fork looming, a new all-time high can be expected. For now, just hold on to your chips and wait to see if price can effectively remain above the line as
circled(See the chart as attached).

ETC:
ETC seemed very strong in price action today as volumes and momentum increasing. It also forms double bottoms at high level. So far, price hasn’t been able to break above the price around neck line, and it shares the same ways to judge further operations as ETH.

BCH:
As BTC is under a correction and altcoins are gaining momentum, BCH also doesn’t show a clear tend to future direction. It seems main funds are waiting for a chance as the broad market is in good control and the overall price is within a reasonable range by using low volumes. When price dips, they

will push it up, or vice versa. Therefore, it seems main funds are also waiting for the further direction of BTC starting from MA 5 and will make their final decision on whether BCH price will be pushed up or not. The oscillating move is likely to be the main trend.

Original by Kuang Ren, translated and posted by AICoin Jami.