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Bitcoin Will Continue to be a Better Investment Than Litecoin

If you bought Litecoin with the USD, you should be happy, but it would have been better to invest in Bitcoin as Litecoin vs. Bitcoin LTC/BTC has been sliding and might extend further lower.

Litecoin might have its day, but not anytime soon, and not in 2017. 

LTC/BTC Daily Chart

  • First of all, LTC/BTC signaled a major bearish clue when it came down below 0.0099. 
  • Note that this 0.0099 to 0.0100 area then became resistance - more bearish clues.
  • Finally, during the 12/6 session, price broke below a recent consolidation trendline support. 
  • The RSI was unable to break above 60, reflecting maintenance of the bearish momentum.
  • We should look for 0.0070 to be tested, with 0.0050 as a possible bearish target if price clears below 0.0070.

Iota/Bitcoin (IOTA/BTC) in a Breakout Rally and a Subsequent Pullback

Monero/Bitcoin (XMR/BTC) - Anticipating a Triangle Breakout