LTC - Not finished yet?

Litecoin (LTC) is one of those tokens that many buy as an alternative to Bitcoin - often termed 'silver to Bitcoin's gold'.

It's way cheaper to transact and way cheaper to buy. Currently trading at around $286 compared to Bitcoin's current price of around $63,000.

What's interesting is how far behind bitcoin that it's fallen since the last bull run in 2017. Although LTC reached an all time high of $375 back then, as BTC hits its latest all time highs, LTC should be valued at around $1,200 as a price equivalent to the last run.

Many had written it off as irrelevant as BTC continues to evolve and other alts are developed apace.

But there seems to be a rumble right now in the movement of LTC.

Like it's waking up again...The charts suggest that it is about to break out from a year long down channel against BTC

We shouldn't be too quick to write off some of these legacy coins but whether they will see the light of the next bull run remains to be seen.

Take care.

None of the above is financial advice. DYOR.