On October 13, 2011, the Litecoin network first went live. Today marks ten years from the debut of digital silver, which has arrived at the same time as the asset has made a new all-time low against BTC.

Is it lights out for Litecoin from here, or will this ten-year anniversary be the start of a dramatic turnaround the asset is known for.

Ten-year anniversaries are always a special event worth celebrating. LTC holders might not feel that way, considering their coin has fallen out of the top ten cryptocurrencies by market cap, and has in general underperformed nearly every other altcoin technically.

The LTC ratio against BTC has been through the wringer, just this week revisiting all-time lows and sending sentiment to the darkest its ever been.

Related Reading | Why Litecoin Could Ultimately Benefit From Bitcoins Success

Although technical picture is undoubtedly looking bad for the LTCBTC trading pair, fundamentally, there are few altcoins stronger than Litecoin. And on its ten year anniversary, it also has more longevity behind it than 90% of the rest of the market today.

The number of LTC transactions daily has been breaking records all year long. It is being heavily accumulated via shares of Grayscales LTCN. And now, on the assets ten year anniversary, revisiting all-time lows might have been necessary to prove to naysayers that it wont go any lower. Ever.

The LTCBTC chart above shows a massive bullish divergence, just as cycle lows are swept and historical lows are reached.

Litecoin trading against the dollar below, is even more bullish, still holding strong above the resistance turned support level at the neckline of an enormous Adam and Eve double bottom pattern.

A reversal in the LTCBTC pair and a rise in Bitcoin would fit the technical structure of a shocking upward move in Litecoin to the top of a pitchfork channel. Past upward moves took very little time to reach the top after passing through the median. Why would this time be different?

Related Reading | Technically Flawless Litecoin Could Lead To Biblical Bullish Move

Litecoin moves fast, because FOMO sets in the moment the market realizes it was wrong. Currently, because of the altcoins underperformance during this cycle, investors arent looking its way. But because today is the ten year anniversary, there could be more reason to see the light through all the darkness.

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content iseducational and should not beconsidered investment advice.

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Litecoin 10-Year Anniversary Arrives Alongside Altcoin's Darkest Hour - bitcoinist.com