Topic: BTC, ETH, LTC dropping November 2017 (Read 1437 times)

Pretty good prediction.

Why do you think these coins are dropping in this November? You do realise it is now the end of November and all these coins value are increasing every single day? Obviously, if you were right this would not be the case. The truth is we are in a bubble, but I think it will not crash in November, but instead n a long time, like maybe a month or two more.

Yes you are right that thing is not sure that someone will says that the price will drop in November and due to this people feels scared and hesitate in investment but we need to avoid people’s mind facts because people didn’t do anything without talking and discussion.

You are right, this is normal that the price of bitcoin ETH and also LTC because it is dependent to the people who invested in that digital currency. And the fact about November people says that the price of BTC ETH and LTC will drop but I think this thing is not sure then how people sure about that, we don’t need to be worried about the dropping.

people now are happy in having that 3 coins and you can see on the market that they are all booming now .. bitcoiin did the dip but pumo in just few days and now  have a good price together those 3 alts .. ..

I may wrong but the most I’ve heard of is the bitcoin cash support after a unexpected reversal of the November 16th fork.. Maybe also a coincidence as we know it is not always those three have same patterns all the time.. Maybe most push through to a more noisy campaign towards bitcoin cash as rumours and confirmation from the head of the development team of Segwit2x/Bitcoin2x announcements.. This is rare on my on view and this have nothing to do with the connection of this three..

Everything has created a new record in the world of digital currency. We have already seen that there has been a significant increase for Bitcoin, Etherum and litecoin. This is clear evidence that there has been a significant rise in the development of digital currencies. I now have some coins that I save and I feel that I will benefit in some future time. I am sure that investing in these three coins will make us gain a lot of profit, believe me this will make us all happy.

As we debate about this, the exchange rates of all these currencies are at historic peaks. Bitcoin crossed the $8,500 per coin mark for the first time ever a few hours back. ETH is also back in the race and it is rising even faster than Bitcoin, with the current price at $470 per coin. Litecoin may have gone down against Bitcoin, but right now it is trading at $82 per coin, which is its highest ever exchange rate.

Natural or not some are even follow bitcoin price change and they follow in price.
This may be good for someone who invested in some alt that is following bitcoin in price but everything else is the same.

Dont think this is dropping more is correction.

You seem to be the only person that gets that I'm not making predictions, but I am trying to understand the correlation.
Granted I accept that over the year, the coin charts look very different, but I was monitoring the graphs on a daily basis (over the current day) and the peaks and falls were at the exact same time stamps. This is what was confusing me.

If I were to make predictions, I could see Litecoin hit £100 per coin (I'm from the UK) by around March next year on its current trend. Ethereum I would expect to continue to rise due to the vast amount of tokens becoming available which has a lot of people buying ETH in advance, which in turn should continue to grow the coins value at a steady rate. BTC on the other hand, I have no idea. It's the biggest coin and has a sort of monopoly over the market, so the more people get into cryptocurrency the more the coin would in theory grow in value.

Well it is natural for an alt coins price to go up and down from time to time. I remembered during the time that  OP posted this thread BCH reached the price of $2000 which only means that someone pumps the price of it and these three coins was used for that.

Negative. Well these coins are now going upwards and all the assumption you made up there are now going in wrong direction or we can say that exactly opposite things are happing as whatever you are predicting here.


These coins has got great potential due to their stand point in the crypto currencies. The lite coin well I’m not sure about this coin but the rest two are as always green and will catch up the fire even further. Just look at how beautifully both of them are growing and trying to make the way though all the chaos that alt coins have created in the first place. Hopefully thats our dafe house and it will never go down surely. :-)

Eventually big name coins should stabilize in price, this would make them usable for mainstream operations, however nobody knows when this happens.

They need to drop sometimes because they can't fully go up always. We have seen now that all the coins here are going up so really we need to be patience.

We must never panic sell in order to get rich.

Well, the names you mentioned are the eminent coins in the crypto industry and hence we might see the same pattern in similar, positive or adverse movement in between these coins. Since these coins have huge market capital and tremendous trade volume, investors usually do not cash out their investment but they just spin it into the better alternative for the short or the long term. If someone is holding BTC and if he uncomfortable with the scheduled fork then instead of cashing out his BTC in USD or any other fiat currency, he purchases ETH or LTC if he finds stability during the BTC fork. If all the major coins are falling then, I do see some growth in the trade volume and price of top 10 to 20 alt-coins.

I though they were supposed to drop too but instead of dropping they became worth more and more i did not believe that because i was ready to buy a lot of btc the only time it went down was when it got attacked and bcc went up because of that.

Yes, both of them are really doing good as of the moment. Ethereum is above $400 now. Wow. Its been a quite ride for Ethereum in reaching this price today. Wonder who are pumping it. Almost all of the top 5 coins are green as well, so it means no one is shifting to Ethereum. I'm assuming that investors are shifting some of their cash to Ethereum or there is a new set of investors pumping it. Either case, its all good. As for Bitcoin, I don't think that it will go down significantly this month. It has recovered already and I'm not reading any negative news that will impact the current prices. Actually all I read is all positive. So consider another win-win month for bitcoin and even though there's such attempt earlier to pull the price back, it has recovered beautifully.

Your observations needs correction at least magnitude wise. To begin with bitcoin, ethereum, LTC drop simultaneously. It does not happen that way. Check the graph of bitcoin over last couple of years. You will notice that the growth and swings shown by the bitcoin are very different. bitcoin has grown from 1200 dollars to 8000 dollars so far. In mean time bitcoin price plunged to 3300 dollars from 4900 dollars. It recovered and reached to what it is today.
Now check other crypto like ETH and LTC are at. ETH is around 400 dollars and LTC is at 72 dollars. Ethereum has already touched the 350-400 dollars club then it touched 201 dollars when bitcoin was at 3300 dollars. LTC also faced same pattern. Difference is in magnitude. Bitcoin is a numero uno crypto currency which holds more than 70% or crypto currency capital. Everyone trust in bitcoin. Thus when bitcoin is on roll (rising prices) other crypto will find some dip in price. After price of bitcoin become stable or correction starts price of other crypto starts increasing. Investors in the alt-crypto do this all time. When bitcoin price falls all other crypto also tend to lose their value as well. because of fear.

There are no such articles to show why it is so. If you follow the bitcoin and other crypto from their genesis then you will understand this behavior. LTC may hit 300$ mark. People were also claiming that bitcoin-cash is failure but look it is at 1200 dollars. And ethereum is on rise again.

We are on our 3rd week but bitcoin and eth are doing fine. Their price are still high. I guess it will not drop this month. Maybe it will drop when another hardfork will come.

Well, the dropping of cryptos is basically every november fork thats the effect of segwit. This trends be the basis were the crypto-currency falls down the price value. So many opportunities might happend if you do buying ang selling at this stage of fork.

The most important reason for drop and rise in the value of different altcoins in bitcoin as bitcoin is the most values and famous currency it has become the center of trade for all coins. All the altcoin holders convert their coins to bitcoin as the conversion of bitcoin to cash is more easy and relevant than some other altcoin.

Bitcoin is also a trusted currency people every day earn in the form of altcoin and convert it to BTC as a holding currency as BTC price is increasing day by day and they get profit from it too.

Aside from that sudden fall last week as the aftermath of the SegWit2x cancellation and the rush towards BitcoinCash, I think what we are seeing these days are just normal movements for Bitcoin. Yes, there can be some corrections after hitting the $7,800 though nothing is really alarming. People who are into trading are the ones usually watching these movements which can mean big profits if played well.

about week ago, everyone thought that the segwit2x would happen as normal in 14 or 15 november so everyone tried to hold and buy BTC as much as they can that why BTC price increased a lot before the segwit2x but after that an announcement was published that the Segwit2x cancelled so everyone stopped holding their BTC and sold it out for cash or used to trade that why BTC price dump very quickly. Beside the whales also a reason for this case, they tried to dump price of Bitcoin to be able to buy it at lower price. For ETH and LTC, price of these altcoins often follow the price of Bitcoin so when BTC price dump, price of this coins also dump as well.

Yeah, it's facing resistance at 7800. It could fall. My alarms are set for it so I can be ready to buy. However, on Gdax, buying volumes are high but mainly small trades like .01 to .32. Luckily, you can skip the fees on this platform. The Korean BTC price is the same as the USA dollar price due to weakness of the dollar.  I am hoping for one more jump and then a fall.

Do you really think this post helps solve the OPs question? Obviously at the very second you post there is not going to be a significant drop or rise in the price. It takes place over at least an hour. But guess what? I think OP is right about a crash coming soon. $7,000-8,000 is just way too high to maintain over the long run. I don't see it going much higher before we see a major correction.

This three coin is potential coin so if you have extra money in your wallet right now buy this three coin and for sure you will earn a lot of profit. Last few days the price of this coin decrease but the price recover again and yhe price continue to increase and thats good to see. I hope more investor to come with this three coin so the price will increase more.

Well, btc will rise and continue be stronger and eth will probably recover. Because of this cancelled fork people switch to other coins to earn profit atleast. Still, those who believe in bitcoin will get earnings.

at the present moment bitcoin prices there is no decrease. bitcoin prices are now normal, there is no drastic decline. I hope bitcoin will rise this month.

Indeed, i believe that the investor hardly hold their bitcoin because they are all expecting a higher profit or simply quick money but since it was cancelled they are now invest in other coins for some extra profit.

Everything happend cause of canceled fork and not every coin could just reach their price as fast as the strongest one which is of course bitcoin.

Such a huge dump of all altcoins when hardfork is cancelled. And only btc can manage to recover faster. Though BCH rise gives a huge impact to the entire crypto prices but it won't be enough to crash them all. I think that, of happen to BCH is just a weaking up to all altcoins and to know which one will survive from the crisis. It help us also to determine which one is having a potentiality to run and compete in the market place.

Honestly, rather than complaining about these guys dropping which is not a new thing as we have seen some situations like this in the past, which mostly are always based on whales doing what they know how to do best, now is just the time to join them and wait for that huge profit.

I am happy I followed the trend to at least be able to buy in with fiat at about $5700 and I am really already in huge profit right now from that. In one word, stop complaining, understand the market and make the best use of the opportunities.

This little decrease in the values in not a big deal, still we have to go through hard fork in the coming weeks and after that I am sure we are going to observe sharp increase in the values of bitcoin and if bitcoin will show an increase, altcoins are definitely going to follow the footsteps.

Bitcoin will be at 7000 dollars before the commencement of 2018. As usual there will observed some decrease in values by the mid of year. 

Bitcoin itself is not a "bubble" but you can use that to describe the sudden increase in price. It is bound to fall whatever happens anyway. Had Segwit2x succeeded, they would have cashed out their free alt, and then took out their bitcoins and move em elsewhere. Now that it failed, that's what exactly what they are doing. But hey, it became slightly more affordable again, can't complain about that. 

I wonder why people would be scared with respect to things like this. Come on! We all know that bitcoin is very volatile and most traders can easily just make some decisions based on that.

All the above, I see some whales doing some pretty good justice to the market and I would not really bet on it for lasting long when they start taking profit. Nevertheless, bitcoin increases more than $2500 in few weeks and now reducing, then people are scared ?

It seems to me that the appearance on the market of bch this is a nightmare for Ethereum. Bitcoin will return to its price. But for the organization of speculative bursts whales can choose bch. In this case, capital can move in the direction of bch and of course btc. This can significantly weaken the eth and maybe even kill him.

Since there was an unnecessary rumour among people about bitcoin cash that this currency will gain alot of value, people started selling litecoin, ethereum and even bitcoin considering they will be profitted by bitcoin cash.
Therefore these altcoins got slightly affected but soon after, the affected coins came on real track.
Bitcoin is again leading the market, i am in hope to see bitcoin at $8000 position

I can not predict about Litecoin, it is Litecoin, the only coin I misunderstood, but Ethereum may be a big jump towards the end of this month, BTC's cash flow is a very complicated matter. Btc is waiting for tough moments as the Bitcoin gold is now miningable .

This is just sad. Cryotomarket is down due to what happened recently that the hardfork is cancelled. Maybe it affected the demand that Bitcoin and ither cryptos are having because BCH is going in mainstream. But as what happened before, it will eventually increase and this is just for short period of time. What we should.do is to hold and invest to take advantage of the dump.

If I'm understanding you correctly, yes, it would appear that BCH is directly responsible.
What I can't understand is how the graphical lines are so alike. It's like 100,000 people decided to get together and say "right, lets sell 20% bitcoin, 20% Litecoin and 20% Ethereum at the exact same time... ready? go!"

I've abstained from making any transactions this weekend due to the fluctuations and that no one really knows why any of these are fluctuating the way they are.

Aside from my post made these past few days about that decreasing rates of bitcoin. I clearly see some token like ETH  decreasing as well this past days as well but today when reading your topic questions pop into my

Why is it clearly weird right this tokens that OP is talking this three token BTC,  LTC  AND ETH are dropping and increasing? but not in the same value okay.

All I see the reason here is the bitcoin cash, do you think Bitcoin cash is clearly the reason?

 i think generally uncertainty was part of the reason why bitcoin's price is going down but i am glad it has started picking up again after the negative news about segwit2x among others began to die off. I think people have started believing again and its gradually rising back up like we've come to know what bitcoin to be in recent times.

many rumors that canceled segwit2x is one of the reason the price of bitcoin is going down. ( the price of bitcoin about 6,300 USD at the moment it is have been decreased from 7,500USD to 6,300 USD in short time)

Another reason make that reason so bad, i mean there are some manipulation of pump to BITCOIN CASH on some big exchanges, it affects bitcoin 's price so bad

Segwit is not cancelled, segwit is already activated in the main net, the only thing that has been cancelled is the segwit2x fork, and it seems that it already affected the bitcoin price( went from about 7200$ to 7800$, and then instantly decreased to the levels of 7000$+-.

It is really hard to determine whether news will positively or negatively affect the bitcoin price, the crypto market is very hard to be predicted, but as long as you believe in bitcoin at the long run, you shouldn't have any problem.

Why is that bad you know you can buy a lot right now then and sell it later because if you watch it right now they are growing again that means they will not be down for a long time so buy a lot while you have the chance to buy them at cheap prices.

Well the quest for the acceptance of bitcoin continues from the amazon side but there is still no official updates form eh amazon itself as to whether they are really going to accept the bitcoin as mode of payment or not. If they do really accept the bitcoin then I’m sure they will make it public real soon. But to be honest the prices of bitcoin are fluctuating a lot these days and I’m not seeing any positive views from the amazon side itself. Amazon is such entity which is always welcoming for the new ways of earning and paying to their customer. It could be the case that many crypto livers might just have approached the amazon to make it better with bitcoin acceptance. Because there was nothing earlier this month when the news suddenly popped out form the community that they will be accepting the bitcoin. We will see what rally comes to our notice in few weeks from now. 

good time to get a bit more 

having say that, i think the trend of LTC and ETH is better than BTC this year, while BTC is still better overall in terms of the past track record

that's just part of current downfall but surely the value will jumped high again as most of the people around here expect that btc will goes up maybe 8k-10k $ so lets face this reality of some corrections and downfall with this three known coins.

I read 3 or 4 articles from different sources saying that they expect Litecoin to improve as they have a "floorplan" that stretches out until 2020 to keep the coin active and stable. Obviously it's all speculation, but $300-400 was referenced multiple times for 2018 - so unless the same author published articles for multiple sites, it seems to be a forming consensus.


Yeah, I read the news on Ethereum sites for the hacking issues, however I would have expected two unrelated events across two currencies (BTC + ETH) to react independently of one another, not have almost mirror image peaks and dips when you look at it on a 24 hour scale.

Its been posted in the forum that there is coming bitcoin price corrections in which bitcoin price will fall, then i think this is it that the posted was for real because when the segwit2x was postponed it should be in favor of BTC to increase but instead the result was opposite in which bitcoin value is now falling. Ehereum also has its own problem in which ETH is now in controversies of hacking issue in which the latest was the hacked of Parity wallet. For Litecoin ,sorry but since the start i don't choose any altcoins other than ETH.

The possible cause in my opinion for this downfall is that the segeit2x on November will be cancelled and with that, the demand fell down. It has something to do with the law of dekand and supply but the thing tgat matter is to look forward into investing now that the value of these coins are low. since it is expected that weeks from now it will eventually rise.

Bitcoin will surely pump up its price though btc has drops because of the segwit cancellation still we can see bitcoin will be high again. Well, there are many hopes also on altcoins will pump so lets give time to altcoins to rise the value. Rhen lets see its movement in the market.

last year bitcoin, eth and ltc increased this month. there is likely to be a huge sales this month BTC and ETH, while for LTC it is questionable whether to experience price declines this month ? mining with ltc still milling, but not with transactions using ltc, almost the same as dogecoin. but I believe LTC price can increases next year.

i'm sure all bitcoin alternative/clone will pump, and alts are going dump.  i'll see to it that alts movement are going back by early 2018 and to all holders of this coins.. this are the months of crypto party January-June goodluck everyone

Some groups who want to take some quick money from fork happening seems take much disappointed by cancellation SegWit2x .
Bitcoin Cash, seems to be their target to wreak their disappointment and make money from it. This is very annoying, but many people has follow them steps. In result, BTC-Eth-Ltc was dropped dip in few days and still going.
Are Btc price will be back?
We need strong news and opinion to turn this condition around.

Yeah it is truth, i have seen it recently too. I am quiet surprised with this situation. At begining i thought that most of crypto users are newbie and the use only few basic trading strategy, so based on the common law of demand and supply it could looks like that. But then i have seen that in too many currencies... Finally the strong dump and pump on few choosen crypto very strange. If someone invest long term it have not bigger different, but for traders it must be very difficult to deal with it. Why all charts from top 50 looks the same everyday?

Where did you read litecoin will be hitting such value?

BCC and BTG price rise makes pressure on bitcoin and other great powers of the market. This is normal. They keep pressure hard on bitcoin, litecoin, ethereum and others including ripple. The only way to break this pressure is answering them on exchange platforms.

The reason of that is that the investors sold all their coins that my cause lost of demand of the BTC, ETH and LTC and this may drop the coins value. But that similarity you mentioned was maybe a coincidence that this three coins (BTC, ETH and LTC) experienced the same problem that's why they have the same chart appearance.

yup definitely we could expect that so if you still have time to buy , buy more of this coins we could expect that the price will go up again within a next few days ! After all this price correction it will start to go up soon !

actually i don't know what will cause btc, eth, ltc is dropping in this November 2017. maybe for btc there is any fork that will be happen, but for eth and ltc, I am not sure about bad news in out there and I think the price will be increase again in next month. I think its normal if the investor selling their coins to make big profit before the price is down too deep and they can buy back the coins while is at lower price. and if ltc will be increase in next year then I think this is the right time to add more ltc in our wallet so we don't have to missed the good chance in next year.

https://coinmarketcap.com/ in this stated that bitcoin is dropped quickly you think because of cancellation of segwit2x it a lot of impact to bitcoin as well to eth and ltc. Bitcoin cash is quickly increase because some when btc is cancel the segwit2x some of group moved to bch now so the price is dump quickly. What will happen to btc today. 

I see that its dropping. But for me maybe its on the market why is it in that way. Its exchange rate and its value characteristics made it change time to time.

It is true that Bitcoin will drop but I Don't think it will be on this month. We are on the middle of November and it is not volatile as always so do you think that it is a sign of  a big drop ?
Personally I see that it will drops in the middle of 2018.

This is becuase happening due to effect of segwit2x hard fork cancellation. First of this month November you may find the peak level growth in the chart. Even all the altcoins value increases along with bitcoin but unfortunately segwit troll down the value in every altcoin chart.
Keep hold your bitcoin wallet. If you sell it out you will face the situation like loosing all the money.

I think this is the best explanation, of all the forks that were planned the segwit2x fork seemed like the strongest and people were very eager to get bitcoin in order tog et a part of this new coins and now that that coin has been called off then all the investors that got bitcoin with the intention to get this new coins are selling, some are selling and getting alts while some are just getting out of the market of crypto for some time and that is why we see a decline across the board.

Altcoins are always in a way tied to bitcoin and we can see that they follow it somehow because their price is usualy determined with bitcoin price. That is the reason of current dump and the reason of bitcoin price dump is all this fuss around fork that was planed for next week and then cancelled. In one word at the moment there is a mess on the market. Bitcoin cash has went up though but that doesn't endanger bitcoin and long term it means nothing.

I think that mostly the major coins follow the trend of bitcoin to a large extent, often times when bitcoin is crashing it causes a fall in confidence across the whole cryptocurrency landscape and so the other major coins fall at the same time, this is what I believe is happening lately, segwit2x caused bitcoin crash and then subsequently the others fell, although only marginally it is worth noting.

Because some of the people that is into trading cryptocurrencies tend to invested their money with this top 3 well known coins that's why it has a big correlations with each other, ETH and LTC also is very much dependent with the price of Bitcoin in my own opinion though. Ethereum is strong and stable with that $300 value though compare to BTC massive increase with this fast few months. Litecoin is seating pretty also with $51-63 price with no signs of massive increase.

These kind of question been asked for how many times on where most replies expected to say that theres no one who can find out on whats happening on those movements even we do say that they do have the same on price directions but it doesnt mean that they are correlated to each other and also those coins isnt easy to manipulate knowing that there are lots of investors on each coins specially on bitcoin itself. They wont decide together that they would dump or pump. Theres no such thing why those kind of movements are almost identical and as a trading we should be wise on riding with the flow.

Bitcoin $6465.98 (-5.34%)
Bitcoin Cash $1252.11 (50.91%)

I imagine that we can correlate the recent Bitcoin Cash jump with the last Bitcoin "crash", right?

IMO looks like there are a lot of money leaving Bitcoin for Bitcoin Cash. I'm not really here to support BCH, but we have more than 115k unconfirmed transactions (and 1095BTC in fees) in the Blockchain (including one I did one hour ago with a fee of 225 sat/byte ($4.18) which is still unconfirmed). This looks scarry, and I can see why people are starting to migrate from BTC to BCH.

Maybe most of the holders of the said coins are starting to do panic selling. This will greatly affect the price of each due to increasing number of coins in the market. But worry not for this prices will bounce back again once everyone starts to hold them again.

They drop because the market needs it after the amazing pump bitcoin made in the month of October I think this is to practice equality when it comes to pricing of bitcoin and all other coins. Bitcoin is unpredictable and what we can only do is watch how it fluctuates save and invest as much as we can and trust that the future of these crypto currencies will go on a success and a very promising price

BTC has dropped extensively almost 1400$ in a span of 3 days approx which is now started to cause some fears that will btc break 5k levels in coming time. Should people sell some of the btc now and if it dips more buy back or should continue holding the btc and will rise back in a months time?

The first article explains one of the many reasons why so many people are panicking and moving their BTC to BCH. People go to Cointelegraph, read the news and see "Bitcoin Classic" and their immediate reaction is to think that bitcoin is no more. What most folks don't know is that Bitcoin Classic has nothing to do with Bitcoin or Bitcoin core, this is just a group of people that have been supporting BCH for a long time, a group of people being controlled by the greedy hands of Roger Ver.

Cointelegraph is part of the well coordinated attack on Bitcoin that we are experiencing right now. Just look at the article on Coindesk: "Bitcoin Classic Team to Cease Code Support In Wake of 2x Suspension" and Cointelegraph "Bitcoin Classic Shuts Down As Staff Claim Bitcoin Cash Will Rule ‘In 6 Months'" see the difference?

OP, i'm not sure why the other alts are going down, but BTC? a correction in the price + one of the most vicious attacks on Bitcoin yet, thanks to Roger Ver, Jihan Wu & their friends.

I also observed the sudden drop of bitcoin now a days. I also have the same sentiments as yours as to why is it happenning. And thanks to this topic I got to read some of the inputs  on why is it happenning. Will continue to watch this thread for my added awareness about this matter.

According to one of the above articles I posted, even Bitcoin founders are saying they'll likely be moving over to Bitcoin cash in 2018, which means we really should be looking to invest in BCH.
I did wonder why Bitmain (asic developers) changed their shop to only deal in BCH.


Don't get me wrong, I believe Litecoin is going to have a large rise in the next few months, I'm just curious as to why Bitcoin has directly and simultaneously affected other cryptocurrencies that aren't related to bitcoin (not even on the same algorithm, yet the percentage dips are almost identical across all three, with slight variations).

I dont know where this comes from. But i see that crypyto world is where theres is up and mostly down. Even if bitcoin drop, it has its big comeback. People should not be panicking. Its depend on how people will hold it. I guess it will have its downfall if every bitcoin holder will dump their coins. Ethereum is having a big progression. And also for the ltc.

Maybe it's the usual game of whales. Just this time they chose another object. All used in such moments, the price rose etherum and litecoin. Now they have changed tactics. In any case, I'm sure that the main object for investment remains bitcoin. Take some time and bitcoin will rise again. Without it will not work the rest of the circuit.

https://cointelegraph.com/news/bitcoin-classic-shuts-down-as-staff-claim-bitcoin-cash-will-rule-in-6-months

^ this explains why BTC is taking a hit... it doesn't explain the hit with ETH and LTC at almost identical timestamps for percentile drops.

https://cointelegraph.com/news/segwit2x-is-dead-long-live-bitcoin-price-hits-all-time-high-as-hard-fork-canceled

^ this article confirms that the current drops can't be caused solely by segwit2x fork, since when the announcement was made, BTC reached an all-time high.

So maybe this is an amateur question, but isn't BTG (Bitcoin Gold) a fork for Bitcoin to allow for GPU mining again - which in turn creates "free money" anyway? That gets made available tomorrow.

I'm still a little unconvinced as to why the Bitcoin fork for Segwit has affected LTC and ETH, since LTC already has segwit. It comes back to my original question really; why are all three dropping when really it should only be BTC dropping?

It's not and you may wrong about that. It seems a bit difficult to determine how the news that gives a lot of huge dump to the bitcoin but i sure about the more FUD that already written by someone in the bitcoin news site like cointelegraph and you can try to read it right now.

with segwit cancelled we might see a bit of a drop in BTC

Well what I think is that , people were looking to invest in segwit2x thus they were selling off everything they had to invest in bitcoins.
Thus etherum and litecoin showed a massive decline in their prices.
Now people were investing in segwit2x so they choosed to hold their bitcoins here but now .. simce segwit2x ia called off.. suddenly the bitcoin bubble brusted.
Now those investors are selling off their bitcoins as well because no hard fork means no free money and no need to hold bitcoins, since they were looking for some quick money now they are investing in other cryptocurrencies.

Why are these three cryptocurrencies simultaneously dropping in similar patterns?
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...

Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.

Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?

EDIT: I am not making predictions, I am asking about the correlation between these three coins and why they appeared to have the same peaks and falls at the same time over a daily rate.