Bitcoin (BTC) Set To Rally Past $5,800 Next Week If Litecoin’s Trend Is Replicated

Litecoin Is To Bitcoin As A Shepherd Is To Sheep

For some reason or another, Litecoin’s price action has been an eeire precursor to that registered by Bitcoin (BTC). In fact, LTC’s surge past $60 in late-March seemingly predicted Bitcoin’s similar move to and past $4,200, $4,400, and $4,800 in rapid succession.

In late-March, before the recent tumultous price movement went down, trader and commentator Halo Crypto argued that LTC’s sudden move past $60 could set a strong precedent for a Bitcoin run in the near future. With LTC/BTC then breaking out drastically to the upside after trending higher for weeks, Halo confirmed that there was a likelihood that Bitcoin was in for a bullish reversal too, drawing a cartoon rocket ship to underline his point.

CoinDesk’s technical analysis team once echoed this thought process that Litecoin leads Bitcoin, like a shepherd and his flock of sheep. The outlet’s technical analysis desk once explained that in a previous market cycle,…

Read Full Story : Ethereum World News

2019-04-08 23:46:10

Nick Chong

What do you think?

0 points
Upvote Downvote

Written by Ethereumworldnews

Rumor: Facebook Wants $1 Billion in Venture Capital for Coin Project

Analyst: Bitcoin (BTC) Likely to Pump Once More Before Significantly Retracing