LTC.D - The fall and rise of Litecoin Dominance.
Updated
LTC was develpped in October 2011 by Charlie Lee. It has since fallen from being a top 5 market cap coin to 12th.
Even though this coin has been in a dominance downtrend for the last 5+ years, its fundamental tech has continued to improve, due to the severe lack of news surrounding this coin I truly believe this could be a major competitor for a major future pump in the crypto scene.
Many major funds have continually been investing in it (grayscale/blackrock ect) upto this date. It has ALOT of room to move up and has underperformed vastly over the past few years. The potential here is very eye-opening. In my personal opinion I see some big movements from this technology over the next few years - and that it will regain some of the former popularity and dominance it previously held.
Even though this coin has been in a dominance downtrend for the last 5+ years, its fundamental tech has continued to improve, due to the severe lack of news surrounding this coin I truly believe this could be a major competitor for a major future pump in the crypto scene.
Many major funds have continually been investing in it (grayscale/blackrock ect) upto this date. It has ALOT of room to move up and has underperformed vastly over the past few years. The potential here is very eye-opening. In my personal opinion I see some big movements from this technology over the next few years - and that it will regain some of the former popularity and dominance it previously held.
Note
Unsustained pump. Potential double bottom in the near future on smaller TF around 0.56, we will have to wait. Keep an eye on this.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.