BTC Rally and Alt Coins
I have been staying in LTC primarily to practice all of my day trading strategies, and testing my TA's. That being said, the smart thing to do would have been to switch to BTC at the start of the 10k rally, and HODL, maybe buying into ETH since both of those coins have made incredible gains, and I watched them make those gains. Another point that needs to be made is that LTC is NOT going to jump anytime soon because it already diverged from the rest at the beginning of the month. Unfortunately the natural movement of LTC is to dip ~30% after hitting peaks and it has not been afforded the opportunity to do so, which is why we see alot of volatility.... prime opportunity to practice day trading haha!
However my personal interests aside, the analysis is quite clear, it is time to HODL, and only sell on long term trends to buy dips. Even then it is very unlikely this rally doesn't make it to 20k BTC, or higher. Alt coins however do not seem poised to reclaim their ATH since the volatility, and price ranges leading up to those values is nowhere close to being reached. ETH was at 500 going to to 700 around this time, and LTC was in the 200s, BCH came a little later but we are 1:6 away from the 3k range. Other alt coins would have skyrocketed in time with BTC as well, had the market followed suit with its previous movements.
At the time of this writing the long awaited pull back is finally happening but for how long???
However my personal interests aside, the analysis is quite clear, it is time to HODL, and only sell on long term trends to buy dips. Even then it is very unlikely this rally doesn't make it to 20k BTC, or higher. Alt coins however do not seem poised to reclaim their ATH since the volatility, and price ranges leading up to those values is nowhere close to being reached. ETH was at 500 going to to 700 around this time, and LTC was in the 200s, BCH came a little later but we are 1:6 away from the 3k range. Other alt coins would have skyrocketed in time with BTC as well, had the market followed suit with its previous movements.
At the time of this writing the long awaited pull back is finally happening but for how long???
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