Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitserve
on 17/07/2017, 00:18:03 UTC
starting to look like a reversal
Reversals are usually preceded by large purchases of Litecoin.

Interesting observation. Why would that happen?

Firstly 4x block speed on average, lower tx fee, lower volume of tx per block, very secure network, maturity of coin, immutability of blockchain, ease of use, widely exchanged,........Is that enough reasons?

I know that, Litecoin is 20% os my portfolio but... that doesn't explain why would reversals start at Litecoin and not Bitcoin itself. Also, Litrecoin haven't been so much affected by this dump.