{"id":462994,"date":"2021-05-04T14:44:30","date_gmt":"2021-05-04T14:44:30","guid":{"rendered":"https:\/\/wncen.com\/?p=462994"},"modified":"2024-06-11T13:55:29","modified_gmt":"2024-06-11T13:55:29","slug":"forget-lightning-litecoin-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin\/forget-lightning-litecoin-bitcoin\/","title":{"rendered":"Forget Lightning, Litecoin Is About To Strike Twice Against Bitcoin"},"content":{"rendered":"
Litecoin is cleared for takeoff<\/a> after a brutal downtrend against Bitcoin and the dollar. Could the cryptocurrency known as digital silver be the next altcoin to pop like Ethereum, Dogecoin, and the rest of the pack?<\/p>\n Here’s a closer look at the technical signals suggesting a change in the tides is here \u2013 a reversal that could cause lighting in the LTCBTC trading pair to strike for a second time.<\/p>\n The digital gold narrative<\/a> has fueled much of Bitcoin’s growth over the last two years. Being the “fastest horse in the race against inflation” and a way for corporations to protect treasury reserves has brought the crypto market to the mainstream.<\/p>\n Related Reading | Now Or Never: Litecoin Plummets To Bottom Of Top Ten Crypto Assets<\/a><\/strong><\/em><\/p>\n Following Bitcoin, Ethereum went for a long run that’s still ongoing today, and other altcoins like Dogecoin have been the talk of finance. Yet still, Litecoin lagged behind.<\/p>\n The once top ten titan of a cryptocurrency<\/a> has since fallen out of the list completely, and has some catching up to do. That time could be now, however, as momentum on the highest timeframes against Bitcoin have begun to turn up for Litecoin.<\/p>\n <\/p>\n Litecoin has now spent a hellish 666 days in a downtrend against BTC, letting digital gold steal the entire show for several years. But like the real relationship between physical gold and silver, after gold makes a run, the silver ratio<\/a> improves in the following months to years.<\/p>\n The same is happening now with Litecoin<\/a>, now that an altcoin season is back across crypto, and lower liquidity coins begin to rake up all the capital.<\/p>\n Related Reading | Litecoin On The Verge Of Monster Move\u00a0<\/a><\/strong><\/em><\/p>\n It takes less capital to move the price of these coins further, and after such a long-stretch of negative sentiment in Litecoin while Bitcoin soaked up all the positivity, it could result in an especially powerful move.<\/p>\nThe Long Running Deviation Between Digital Silver And Gold<\/h2>\n
Momentum is turning up after more than 666 days of Litecoin holder hell | Source: LTCBTC on TradingView.com<\/a><\/pre>\n
Litecoin Ready To Strike Back Against Bitcoin Like Lightning<\/h2>\n