Re: Litecoin Price Technical Analysis for 8/7/2015 – Dangerously Volatile

You have to understand the fundamentals of digital currency. Litecoin is faithfully following each step of bitcoin. Litecoins will halve production around the next 45 days. This only happens every 4 years and indicates half the total number of litecoins is already distributed. Litecoins have greater stability and age than other competitor altcoins,but are less expensive than bitcoins. They had a high of $48. As global markets and currencies become more unstable the safe haven effect of digital currencies will continue to grow. As these currencies become widely adopted there numerous benefits over cash and credit cards will drive their dominance.

Digital currencies are the answer to the currency wars & banks lock on money supply. By the time the rest of the world figures that out all the early adopters will be retired. The digital currencies will do to stock markets and banks what amazon did to book stores & mp3s did to cds. This is like the internet boom *100.