At the moment, it’s very hard to focus on altcoins as all eyes are fixated on Bitcoin due to its market domination without any discretion.
Although BTC has already managed to shake off more than 15% of its gains taken early this week, it’s important to note that altcoins are in a much tighter spot.
It’s unlikely to see Altcoin recoveries any time in the future before Bitcoin takes yet another pump and later corrects. According to analysists, that pump will be coming as early as in two weeks.
In the short term, Litecoin and pretty much any other altcoin is going to remain in the bearish zone. Even though BTC is also shredding its price as we speak, it’s important to note that everybody is anticipating yet another pump in a couple of days or so.
No matter how we look at it, LTC‘s price right now is quite a profitable entry point for many and could be ideal time before the halvening hype starts in full swing during the last two weeks of July.