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.
Sometimes it is, sometimes not. My
guess would be that it is easy to use as a mover of funds from one exchange to another, therefore it would not be affected by whether Bitcoin is going up or down. The process of using L
itecoin as a money tunnel works either way.