Leading crypto currency Bitcoin (BTC) is experiencing abrupt declines and upgrades, while leading crypto currencies such as Ethereum (ETH) or Litecoin (LTC) are taking their share of these fluctuations.
Litecoin, which started a bullish run in 2019, caught up in the period and stagnated these days. The world's fourth largest crypto currency, despite this great news, is still experiencing difficulties to rise against Bitcoin.
—-Chance for Litecoin May Start Spinning
However, the good news is that Litecoin may be finished at the end of the correction period. According to an analysis shared and shared by the CCN source, the LTC / BTC market may see an incredible increase in the next few months and the biggest reason is that the LTC has completed its first wave according to Elliot Wave Principle analysis and will start its second wave.
CCN’in yaptığı analizde Litecoin’in ikinci dalgada A-B-C dalgasına girdiği gözlemlenmekte. Düzeltici olarak bilinen A-B-C dalgaları genellikle %60’a varan bir değer kaybı ile noktalanır ve Litecoin de bu tarihe kadar %57’lik bir kayıp yaşadı. Eğer analistlerin bu tahmini doğruysa LTC yakında Bitcoin’e karşı devasa bir ralliye başlayabilir ve blok ödülü yarılanması ile bu ralli uzun bir süre devam edebilir.