BITCOIN vs LITECOIN comparison. Bull market leader shift.
Just a quick mention on something interesting I stumbled across while constructing my long term LTCBTC strategy.
During the 2015 recovery phase after the bear market, Litecoin started rising aggressively prior to Bitcoin and led cryptos into the start of the new bull market. At some point it pulled back considerably and BTC started gaining momentum and lead the bull market while LTC entered a prolonged consolidation period. BTC made minor pull backs but never "looked back" on its way to a parabolic rise to the 2017 All Time High.
This is a simple comparison intended to illustrate the shift in market dynamics. We see the very same situation taking place now.
During the 2015 recovery phase after the bear market, Litecoin started rising aggressively prior to Bitcoin and led cryptos into the start of the new bull market. At some point it pulled back considerably and BTC started gaining momentum and lead the bull market while LTC entered a prolonged consolidation period. BTC made minor pull backs but never "looked back" on its way to a parabolic rise to the 2017 All Time High.
This is a simple comparison intended to illustrate the shift in market dynamics. We see the very same situation taking place now.
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