Post
Topic
Board Altcoin Discussion
Re: Litecoin TANKING...opinions on future outlook both nearterm and long term?
by
rikkejohn
on 12/08/2014, 21:51:03 UTC
sooner or later an alt crash will drive most to ltc as the reserve

In your wildest dreams.

The only reserve in this business is BTC. A reserve currency means that other currencies are "priced" in the reserve. Litecoin had a brief period where that happened on a couple of exchanges but it never took hold. It´s rapidly becoming ´just another alt´. Now that the 0.01 resistance is broken, don´t expect it to ever return.

We´re into the next phase of cryptos.





The 0.01 resistance was broken last year. This is not new territory. In November it went to 0.0075, then a reverse in fortune occurred and it sprang back to 0.042 ........... in the same month!

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e