Litecoin rose sharply all the way from yesterday evening to today’s morning, I always felt it’s weird. Now we see its true face. It dived, sharply. Congratulations on those who sold out in the peak, and be sorry about the impetuous buyers.

All democurrencies were driven up by the rise of Litecoin, but with the dive of Litecoin, the overall rise is over.

Bitecoin followed litcoin’s movements passively, but as I analyzed yesterday, bitcoin has no more room to decline, so does Litecoin actually, but Litecoin will not rise either, don’t touch it.

We need to keep out bullets in bear market, before opportunities come, we should hide in the bunker of Bitcoin .

Altcoin index today is 9.21 , up 3.1% , there has been a continuous rise for one week, simply contributed by litecoin. This rally is estimated to be over.

Altcoin index 2 is 2.88 , up 1%, this is the first rise in the past half month. However, this is caused by the speculation of the market maker of Litecoin, so this turning point is not that meaningful. Let’s look at the altcoin market after Litecoin’s stablized.

The market maker of Doge made use of the rise of Litecoin and dumped coins, its future is still not good. Doge is the biggest factor affecting altcion index 2 and the popularity of altcoins. Taking into the consideration of Doge’s decline, altcoins are still difficult to rise.