On October 13, 2011, the Litecoin network first went live. Last Wednesday marked ten years from the debut of digital silver, which has arrived at the same time as the asset has made a new all-time low against BTC.
Zooming out the
LTCBTC
chart one can spot an oscilatory behaviour of LTC against BTC.
The LTC/BTC pair trade could potentially goup to 5x to 10x should Litecoin bounce of the current lows of around 0.0029 LTC/BTC.
Additionally a recent spike in active LTC adresses indicates that traders have spotted this opportunity and they are setting up their positions for a potential rally.
Zooming out the
LTCBTC
chart one can spot an oscilatory behaviour of LTC against BTC. The LTC/BTC pair trade could potentially goup to 5x to 10x should Litecoin bounce of the current lows of around 0.0029 LTC/BTC.
Additionally a recent spike in active LTC adresses indicates that traders have spotted this opportunity and they are setting up their positions for a potential rally.