Popular crypto analyst Nicholas MertenLitecoin may be on the verge of rebounding against Bitcoin.
Taking a step back after rumors about Walmart were not true Litecoin (LTC)According to the analyst, it’s still a great project. The analyst is currently investing in Bitcoin (BTCHe advised to keep an eye on LTC, which is in the lower price range against .
with 478,000 followers YouTube Speaking on his channel, Merten LitecoinHe noted that Bitcoin is currently creating a similar pattern to what it did in March 2017, before launching a massive rally against the largest cryptocurrency Bitcoin (BTC).
“I wouldn’t say it’s a guarantee, and I think Litecoin isn’t as market-weighted anymore as it used to be… However, I can’t deny the technical indicators that are formed, these super-technical indicators that happen every few years in every cycle.
I have to say that I did not ignore this, there is a potential that we can see even a part of the 2017 rally and this is still something important. Potentially x2 and maybe 2.5-3x against Bitcoin…”
Litecoin It is currently trading at $253.19.
Merten predicts that altcoin trading could do better overall than Bitcoin this cycle, but he didn’t forget to make a few caveats.
“Personally I think it is a better “bet” to be on altcoins during this cycle. Unless you are in purely speculative small capitals, as long as you don’t devote all of your assets to a single asset, and as long as you have the basic research to support your positions by creating diversity in the basket you’ve prepared (it’s possible to win).
In general, it seems that being in altcoins is more convenient than being in Bitcoin (technical data, experienced cycles, etc.). When the market correction begins, things will change…”
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