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Litecoin Price Swifts Resembles To Bitcoin Historical Bull Run - Analysis.
2021-10-26 | Robin Williams
6-Months Litecoin Price Chart - Source: Tradingview
On the contrary, the number of Bitcoin-related major transactions has recently increased significantly. In a recent piece, the same point was made. Reserve risk forecasts for both coins were likewise slightly lower than expected. As a result, this indicator is used to gauge long-term HODLers' confidence in relation to the asset's price at any given moment. When confidence is strong and prices are low, the reserve risk is low, reflecting a favorable risk-to-reward ratio for investing. When confidence is low and the price is high, the risk/reward ratio is unappealing, and the reading from this indicator is generally high. The Reserve Risk of LTC is now hovering in the favorable zone, as seen in the figure below. Since the end of September, BTC's RR, on the other hand, has been edging marginally higher on its chart. Furthermore, Litecoin's NVT has recently increased, meaning that the network value is exceeding the value being transmitted. Despite this, Bitcoin's network value to transaction ratio has been declining recently. Litecoin, up until now, has seldom deviated from Bitcoin's course. Nonetheless, given the non-sync of the coins' on-chain measures, it's fair to say that LTC has been attempting to isolate itself from BTC in recent months.
