This idea is valid if and only if these conditions are satisfied:
1. BTC completes its violent correction soon and finds support above $7,700
2. LTC holds the blue support (downward channel since all time high)
We will see much higher levels in 2018 if:
a. LTC is listed on Gemini exchange which implies CBOE futures contracts
b. Mass adoption of LTC as a currency via Litepay
1. BTC completes its violent correction soon and finds support above $7,700
2. LTC holds the blue support (downward channel since all time high)
We will see much higher levels in 2018 if:
a. LTC is listed on Gemini exchange which implies CBOE futures contracts
b. Mass adoption of LTC as a currency via Litepay
Thanks for your comment. I agree. This is why I posted the first condition above. If that condition is violated then this idea is invalid.
If BTC continues to crash, then LTC and all alt coins will follow their leader into the abyss.
In my opinion, this idea has a very low probability of coming to fruition.