/biz/ - Business & Finance

Anonymous Fri Feb 19 11:22:25 2021 No.29138694 [View]
File: 80 KB, 1387x913, check this out.png [View same] [iqdb] [saucenao] [google]

lads, need eyes on this:

just slapped together a composite indicator inspired by this quirky trivia here >>29136217

it's (LTCUSD / (BTC;LTC)) so litecoin dollar price over btc:ltc ratio
this figure topped out around 10 at the 2017 top, and we're at 1 now
obviously LTC has since weakened against BTC, but recent strength against USD has begun to turn this indicator around

I'm not certain what meaning may be in this, but it may be another worthwhile valuation technique
if anything, it suggests we've only just begun to wake up

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