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,…
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