(Litecoin thread) I’m honestly extremely surprised that big CT accounts are at a total consensus that $ltc is about to have a huge run.

I disagree and I have disagreed.

Let me explain why:

Litecoin for this cycle has been a cyclical performer. If you look at its chart, it pumps a lot until we get a bit market dip, then it lags in consolidation behind other large caps 2 weeks or so after. Then it eventually breaks out of this consolidation.

You can see this on the chart in the last 3 dips. For this reason, I’ve been longing Litecoin on the breakouts and riding it for a week-2 for extremely nice gains...then when we get a big dip I’m out and wait for the next one. So far, it’s worked flawlessly.

I see no reason to assume this is going to change until it actually starts to happen. I think what this shows is that CT tends to just follow the opinions of what other accounts are saying without actually looking into it themselves and forming their own opinion.

I’ll always form my own opinion...and if I don’t do the research and TA? I won’t comment on it and act like I know.
Tl;dr Always dyor and don’t take consensus’s just because people with big accounts have them.

P.S. 100k followers doesn’t usually mean better info. Quite honestly most of the time it means been here longer/good Pepe memes. I know like 3 high follower accounts that post amazing and objective info. The rest no different from the average Joe’s opinions.