jimbo32010

LTC Neutral / Avoid

Short
KRAKEN:LTCEUR   Litecoin / Euro
I give litecoin an avoid rating now after the news that Charlie Lee dumped all his holding on the recent parabolic move.
From now i can see sideways down action.
Litecoin doesnt really offer enough more than BTC IMO to justify the parabolic move in value. Its use case isnt really much different to BTC except its shorter block time. Ripple can probably justify a parabolic move as it has a separate use case.
I have sold all my LTC.
This is not a short recommendation as it appears to show above agg!
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