Popular trader Nicholas Merten says Litecoin (LTC) is poised to significantly outperform Ethereum over the course of the next month.
In a new DataDash video, Merten notes that LTC appears to be bottoming out against Ethereum. The trader reveals that he allocated a significant chunk of his portfolio into the Bitcoin fork as he believes it may rise significantly in its ETH pair.
“At this range here, Litecoin historically did a 5x against Ethereum… That’s massive. And these are the types of ratios you guys should be looking for because this is how you actually return multiples upon multiples of what the market is generally getting.
This is the ultimate alpha here, if you really want to put it that way. There are not many greater opportunities than being able to find these kind of large cap plays that are already well established, that still have a chance to do crazy multiples against another play like Ethereum