Topic: Could Litecoin Really Go Parabolic This Summer? (Read 475 times)

It's promised faster transactions and lower transaction fees when compared to Bitcoin. And the problem is, that's all it does. It's faster than Bitcoin; it can do 56 transactions per second, while Bitcoin can do about seven. Proof of Work Summit 2023 in Prague is coming up, and Litecoin is one of their major sponsors. Litecoin's 12th birthday is coming up in October, and they're doing a Litecoin birthday cruise that's going to be with Royal Caribbean. Litecoin also has a debit card through Unbanked; they kind of do white-label products for crypto companies or other services that want to launch their own debit cards, and I don't really think that this actually provides more value to the coin just because it's more important to have those on-chain transactions. 27 percent of all transactions this year through BitPay and Litecoin were used to make payments. That's showing that people have access to Litecoin, and they are using it to shop just because of the low transaction fees. There is a big move for traditional finance to move into the crypto space because they can make money from selling crypto, and it's fees. That's one of the biggest things Litecoin has going for it, but when it comes to B5, stable coins, etc., Litecoin is at a big disadvantage, but that doesn't mean the price isn't going to go up, so anything can happen.

PoW coin ussualy will going parabolic after halving. but it will take several month to make it parabolic. i guest maybe 7 month after litecoin halving. litecoin is still second the best store of value after btc. even tho the marketcap is smaller then other altcoin. i myself will still collecting it for my store of money instrument

Litecoin has entered a crucial level in my opinion. with an increase of 15% this week,
this clearly indicates that Litecoin is reacting well this season, because indeed the effect of the halving has also affected the LTC price,
if you ask, will it be parabolic? of course LTC will increase in the next few months if the $100 price is met and LTC breaks it.

I think it is quite important to remember that this was created back in 2011, imagine how long of a time 12 years is in the crypto world and remember that this has never been out of top 20 if I remember right, even if it was it must be very close and for a short period of time.

Right now, it is doing well again and it is already ranked 12th and it could easily pass Polygon and Doge and XRP and SOL and Tron, those are coins that is not as strong and as sustainable which means that there is a chance it could be 6th, which would make it even 4th if you count out the stablecoins. Even in the worst case scenario I would put them in top 10 easily, they have been around for this long, I do not see a reason why it would not be around a bit longer, probably a lot longer.

Litecoin settled back down since this thread was created.  I think halving is just an event and shoukd spur too much action.  Last event nothing really happened either.  In most cases litecoin will track to what bitcoin is doing regardless of what events are in front of litecoin.

I don't even like litecoin but there is definitely development happening, community is strong and as it's fair distribution POW it's not going to be in danger of being declared as a security. Also it has never gone down. Which can't be said in ton of the altcoins out there.

I see it as pointless and my trust on it vanished when charlie sold his LTC in the top. But wouldn't say it doesn't have power behind it.

Litecoin will go to parabolic, don't worry, it will happen if you hold on and be patient,
otherwise you will regret it. The halving of Litecoin is only 49 days away,
so be patient if you want to see Litecoin above $100, it could even reach $300 again.

The effect of halving is always positive, even altcoins that experience halving will also be positive,
I'm sure of that, especially with Litecoin, which is an old altcoin and will experience a halving,
the price will definitely be affected, and now the price of Litecoin is really at the bottom, so don't be just a spectator.

not sure of that and believe me mate , it is better to trust those coins that facing no big difficulties than litecoin that once a ranking coin.
also are you a LTC investor? or this is just aa supporting post but you did not put any in this one?
and did the last halving bring Litecoin a good move?

I am, and I believe that litecoin will go high, I am one of those people who hardly leave a coin if it hasn't done anything wrong. Litecoin never has done anything wrong, the price drop or the rank drop is not something related to litecoin, it is related to its investors, a coin or the project team or someone that is core to the coin has to do something silly to make it go down in value to make me leave and Charlie has never done something like that, not anything nearly enough at least.

This is why I believe that it is going to be quite important to keep it. I believe as long as we keep this pace, then it is going to be top ten and stay there for a long time and be valuable as much as it can get. That's why I keep holding it and will hold it for many years.

There might be no huge effect from the halving but I still think once the market recovers LTC will go pump as well. Its price was able to reach the level of $100 and since its cheaper now, this is another opportunity for us to buy more and hold more. I’m bullish with LTC and this year, it will continue to grow and rise, eventually its halving will pay off and many investors will see its real value, just wait for the bull run again.

Just continue to be patient man and soon you will be rewarded but as long as you are confident that the old coins you HODL are still stable in terms of developments. The other altcoins you mean might be the newly released coins. It's normal for them to pump at first because people always have the excitement for new things but don't worry because their shine can also fade later on and we don't know what can happen to them next.

Old coins are still better than them because we already know that their chance to recover is high. We already know what effect the halving can bring into Bitcoin and that is it can make its price rise but for Litecoin, it's said that its past halving performance are bad but maybe that will change this time, let's see.

You will expect different results if there will be development updates for this old alt.
However, I am not hearing any noise when it comes to this coin, so don't know if it can really made a difference this time.
Most alts are just following bitcoin's trend, but we can still expect a different outcome if the coin itself has something to offer to the community.
If you will check their site for updates, it seems that they have nothing new for now - https://litecoin.com/en/news.
So don't know how they will perform this coming months without any life changing update for this project.

It has been said above that even thr recent halving did not bring better result for the holder so what are the factor that we expect in this one?
When it is an obvious relation about the bitcoin halving that makes all legit coin bring good return .
Not sure if your title id implicated to the solution but for me? Nope this is not going that eay.

We know how halving affects the market trend a reason why we believe that this will increase the price of Litecoin to some extent but not to the point of getting it bullish as it was not the same as when the entire market is at ATH. Probably we can witness a surge in its price but it drops then after a while. So, if we are buying Litecoin, much better to start accumulating before halving and then sell it when it hits on its peak I can't imagine keeping the trend for long, investors will drop making the price drop as well, and we should anticipate it.

In the year of 2024 to 2025 it should be a parabolic year and there is no without doubt and Litecoin will benefit from that, will it benefit more or less compared to all other coins around it? I do not really know, I hope that it does better but I am not sure if it will be like that or not. Due to this its still go upwards we tibet the nail .

Yes, hopefully it will happen this year because old coins haven't had good movements like other altcoins,
so this is why there is the potential to become parabolic for Litecoin because Litecoin will also do a halving,
we all know what the halving effect will be like.

the current correction just spelled a big no for litecoin getting parabolic this time around.
i don't know but it seems to be the case that coins like litecoin are also among the ones that gets massively affected by the upcoming fuds. currently it recovers though.

I though the same thing, litecoin could go parabolic this bullish cycle. Last cycle litecoin and other PoW Old Coin is not perform very well, maybe because money flowing in to DeFi. But this time it will going back to " Non Securities " Coin which is LTC, BTC and Dash

Yes, I believe any halving event will pump the price up and that's no exception to Litecoin which really make a good rally and of course it lessens the supply of it that's why it's one of the criteria that triggers the price uptrend. LTC already making good tractions now, how much more if the event will be near and after as well. I think good rally will be inevitable.

I do think that 2024-2025 will be parabolic years without a doubt, but not this summer. Litecoin will benefit from that, will it benefit more or less compared to all other coins around it? I do not really know, I hope that it does better but I am not sure if it will be like that or not. I think it is quite obvious that we should be forgetting about "when" it will do parabolic and instead focus on making more and more investments until it does.

This way we will have a lot more litecoin when the movement starts and we wouldn't be really worried about when it will happen because the longer it takes the more we will be getting. That's how we should approach this situation, otherwise we would be just biting our nail until it goes up, and that's no way of waiting.

Since everything pegs to the bitcoin and it's possible to happen. There's no doubt once bitcoin dumped and whole of market will be dumped as well. BItcoin was fully dominating the market since a long time ago.

That trend was a common thing once altcoins could not resist from the bitcoin impact to the market.

I am very optimistic that the Litecoin halving will have a positive effect on the market even though it is not as significant as the BTC halving, at least it will trigger other altcoins towards a bullrun, Litecoin will be truly parabolic this year. Every buyer already entry on Litecoin. Hopefully bullrun will begin at this year

be sure that the halving event can bring Litecoin to parabolic this year because the halving event will always bring the price towards a new ath,
it's just that Litecoin also has to breakout from $ 133 because the strongest resistance is there, if the breakout I'm sure new ATH for Litecoin can happen,
let's go support Litecoin by buying and holding this coin.

Where are litecoin community? I never heard it again since charlie has sold all of its stacks to the market. Not even further development happened with this coin. Litecoin has no intrinsic value other than being a speculation asset.

I don't even know why people still consider this as good investment. 

Litecoin is already big, news like halving always pump the price up and this coin has already been proven for the past decade already hit by a couple of bear market but still standing at the 10 positions.

In the other hand the The Motley Fool told us their dev community start to implementing LTC-20 similar to Ethereum if this happen this would be a great news like cardano did in last year 

Im not so sure in regards of this coin honestly, this coin hasn't been showing the growth quite well within these past few years.
but I think the halving events, i mean the rumour of it might help quite a bit in growing the price of this coin, even though i'm sure it's not gonna be spectacular, because many are preferring newer coins honestly.

Although maybe in the recent years altcoin has lost so much of its popularities, I think it will still get the share of Bitcoin bull-run if it actually happened in the near future. Litecoin is one of few top 20 coins that is still much dependent to Bitcoin. So, since Bitcoin is also about to have it's halving next year, combined with Litcoin's own halving it should at least has good impact on it's price, though maybe not so significant.

Halving events, which reduce the reward paid to crypto miners for mining new blocks, are generally seen as bullish for the future price of cryptocurrencies due to their impact on the circulating supply. In the past, Litecoin has experienced significant price increases leading up to halving events. I don't think the halving event scheduled for August 3 has anything to do with the rise of litecoin.

Predicting the exact timing and magnitude of halving rallies is challenging, and relying on such short-term events may not be the best strategy for long-term investors. Despite improvements in Litecoin's underlying metrics, such as the number of addresses and daily active transactions, it is unclear whether this is a long-term catalyst or a short-term market anomaly.

my concern is that, is this coin still have that much potential left for it to go parabolic, even though this coin have quite the trading volume, it was mainly because it's among the first coin
moreover this coin heavily dependent on bitcoin in term of its value, nowadays im just pessimistic with these old coins.

it certainly could however I would be very careful in the autumn, there could be a collapse of the btc and potentially all altcoins would be at risk including litecoins

The halving is going to be one of the highlights of the near future and if the halving effect doesn't work I'm afraid we're in for a worse scenario and it could very well be the end of this coin. At the moment, I do not see much interest among investors, both new and old, and there is not much time left, two months and that's it.

Me, if Litecoin will just go parabolic, it will start anytime soon. Or Litecoin will wait for Bitcoin before the parabolic will commence. Because for me, I am looking forward Bitcoin to starting the run and everything will follow.
For me, the parabolic will start this year, especially for Litecoin, we all know Litecoin is always correlated with Bitcoin.

but what is great community when time will come that they will understand the need and demand ?  and also what is this great community ? or maybe some whales that keeps the hold to pretend it has a great community ?
remember in crypto there is always a blind sided things and this is to literally blinding people from reality.
what I do believe is Litecoin days are over and not sure if they will grow more in the future like what they had back in the years when it is still holding rank number 3.

maybe the halving is the only reason that lite coin could make some bullruns, but i think litecoin will just follow general trend honestly, it's altcoin after all and i very much doubt that it will stray from general trends even if halving is near, i honestly will think that it's not gonna be massive.

In 2023, we can't really hope for altcoins, including Litecoin, but we need to remember that halving will always have an impact on prices,
and Litecoin is currently really cheap according to technical analysis, and if we talk about LTC, the answer will go parabolic is yes!.
because after the halving is right in 2024-2025 and most likely the altcoin season will happen again, so why not buy LTC now and hold it for next year?.

To be fair what coin can survive without bitcoin? Bitcoin is the king of the market and we all know it, if for some reason it were to disappear there is very little doubt in my mind the majority of the coins we have in the market will disappear too, with a very high possibility that each one of them disappeared and this market just ceased to exist, now while litecoin has presented a good growth during the previous two weeks it seems to be to bold to assume it could go parabolic during the next months.

I feel like even if not for transfer, for newer experiments, Litecoin is still quite good. It is managed in an agile sort of way which means that we are talking about a method that will quickly add in new features or make new fixes.

Before BNB or ETH or even BTC does something, it makes sense to first try it at LTC, if it works without issues for a while, it can be tested in other stuff and could be considered better. During the bull run LTC wasn't even in top 20, and now it is getting closer to top 10, why? Because it is solid and while all those overpumped projects start to go down more than the market average during the same period, we end up seeing other stuff get a lot bigger and better. I personally hope it gets a lot better in the end and we can see LTC in top 5 (aside from stable ones).

It's different with a few crypto, Litecoin still has a great community and that's why it's still an excellent crypto to be used as a transfer.

This is for all crypto, they won't survive if there's no Bitcoin at all. That's why the market is lively and that's all thanks to Bitcoin and stable coins out there. And we do have our choices whether we'll take it from the community or not, if we think that this is no good as an investment that's fine because there are still some that think it is.

Any crypto can be used as transfer gateway. There's no even need to use litecoin anymore. Another coin like tron even stable coins were even offering very cheap and stable value unlike litecoin. it's done for litecoin.
It's still having fans due to the bitcoin. Litecoin will not survive without bitcoin.

A short term surge is better than no surge at all and it is not true that nobody cares about litecoin because why will the coin still exist then? There is this thread and there is also last time. There might be others outside the forum.

Some might be shy to post a thread but they are wondering if what will be the price of litecoin later on or after the halving. See? There are lot's of people who cares for this coin because it's an old and popular coin which has a great utility. It is like bitcoin too but with a much cheaper fee and a faster transacting time. A crypto coin's halving won't be there if it isn't important but its effect are mostly positive. At least, that is what I know.

That's what likely it is, the halving won't be impacting a lot from its own economy. I guess even if big names will hype the halving of Litecoin, there's a little bit of increase but that's still not enough to retain the impact of it longer.
I like Litecoin as it is because of the cheap fee and I use it for quicker transfers but as an investment, I don't think that I'll lean into it even if we're approaching its halving and even the potential bull run.

I still believe its power as it has got a use case for transfers but not too optimistic for the projecting value that speculations is bringing in for it.

Even the creator knew that if his own coin will have no future. It becomes speculation purpose. i don't see any impact from the litecoin halving. Nothing change at all. People needs bitcoin rather than litecoin. even altcoins were dominating the market right now.

Litecoin has lost its power. There's no further development happens.

I am with you, a quick pump might be seen but that's not really going to pump that much after the halving. People are caring more with Bitcoin halving than of Litecoin halving.

It probably have became less interesting when Charlie has left the project but bagged a lot of profits and the twist is that he have told it to the public that he has sold most of his holdings and then left it.

really agreed with the buy the rumour and sell the news, usually when the halving occurs the value instead dumping so hard because many already make entry when rumours was still around it's the same case with bitcoin as you said.
moreover the fact that litecoin isn't even a smart contract coin hardly gonna help this coin honestly, with doge it's meme coin, basically out of the ordinary and easily increase when got shilled but lite coin, is entirely different coin with different potential, i'd say, why not invest in bitcoin instead if that's the case now.
after all bitcoin have significantly more potential than litecoin and halving is near too with bitcoin.

If you looked at the last two Litecoin halving the price peaked 2 months before the main event, you need to be careful, I have seen this before buying the rumor, and sell the news, this happens in the last Bitcoin halving also. I personally don't rate Litecoin again it has lost its place in the sun and I don't think there is any development coming out of the chain now that will make people flock back to Litecoin, I may be wrong but I just don't see it for now

I am watching it move and looking at the history of what has happened, I feel that it, like many other altcoins, is still only reacting gently and following the bitcoin mainstream. But news like this doesn't seem to make much sense as we're still seeing a market that's flooded with gloom and lackluster performance with a high frequency. Anyway, this is an interesting news with the development of litecoin, but in my opinion it is not a reason for people to expect.

Litecoin can increase for a short period of time but then still return to its old position. Although it has a long history, it has become obsolete. An altcoin with outdated technology and increased volatility should also attract a lot of attention from the crypto community. If you think litecoin will go parabolic, why don't you think about bitcoin because it leads the trend of many other altcoins, including litecoin?

I honestly don't feel that great not being able to buy Litecoin a few weeks back. I really missed out on good buying opportunities. If only I had the extra funds back then, I would have never let such great opportunity to gain good profits slip away. Heck, I would've even set up positions on futures if I had the funds. I am still planning to buy in the coming days when I am able though since there's still a good potential to gain profits, but not as much as I had intended to a few weeks back. Anyway, good luck to us all! xD

according to technical analysis Litecoin can indeed make surprises, and even parabolic,
because the price of Litecoin below $ 100 is very unreasonable,
we know that Litecoin will also do a halving soon, and history says every time it goes to the halving and after it the price always shows positive,
Of course this is a good opportunity to buy LTC under $100 again.

Looks like there is an army of Litecoin supporters coming nowadays , and yes mostly if there is something like this the coin pumped sooner 
well that is based on my observation .
I still have small amount of litecoin in my old wallet so if ever this happens then still I will succeed but of course not to join the party for the big winners.

I think I discussed this before in the other threads about Litecoin. I see these moves as nothing but buy the rumor and sell the news. Many think that this halving will be like the Bitcoin halving where it will be bullish but I don’t think it’s the same case here.

It’s risky buying now because there is a good chance that the $100 level might be the top and it’ll head back down for another 4 hours. Don’t want to end up bag holding.

I personally dont have much hopes for coin like litecoin in which its existence is already too long to be having some rally out of thin air, but then again this still got some good trading volume for reason, so i guess there is always chance of it having some parabolic movement but honestly don't expect too much.

Bitcoin shall go parabolic first and then litecoin. i don't even think litecoin will have parabolic chart if bitcoin is still in the stable rate like this time. If you were putting the main concer to the halving which potentially make litecoin goes parabolic and that's actually very wrong thing at this moment.

Litecoin will not go so high without the help from bitcoin. Bitcoin must be triggering people to buy it as long as the price of bitcoin will be jumping a lot this time.

the only event that i could think of litecoin going parabolic would be the halving but history shows halving isn't as significant as you might think it is.
litecoin halving so far doesn't even create some kind of trend, it's just event that pass and thats it, it's done. no change in value, nothing.

I don't know if I'd say parabolic but it will likely tail bitcoin like it always had.  When bitcoin goes up so does litecoin.  When bitcoin goes down so does litecoin.  So what you really need to ask do you think bitcoin is going to go parabolic.  Then you will find your answer on litecoin.  But in that case why wouldn't you just buy bitcoin to begin with

we already had litecoin halving discussion few days ago - https://bitcointalksearch.org/topic/m.62197635

My answer:


"there is not even a psychological impact on the price here." What I meant was that the previous litecoin halving didn't cause much of a pump. Besides, I don't think the project itself is worth much in 2023. There are better alternatives.

We don't know when Litecoin will surge but it will do definitely as Litecoin halving is coming.

Today price is $91 and I expect to gain x3 from today price. $250 to $300 is very reachable price for Litecoin and those prices are lower than its all time high.

Do you believe that Litecoin will reclaim its all time high or better break it to make a new all time high?

Let's count down last 68 days till Litecoin halving.

It’s not the first time this thing is predicted nor will it be the last.

1. You posted in the wrong board, this is Bitcoin Discussion
2. To answer your question, I doubt it’ll go as parabolic as you think. If you take a look at most alts, you’ll find only very very few had a true, actual, significant parabolic run. Most are going up in tandem although it doesn’t seem like it. Because at first sight $1 to $10 seems less significant than $100 to $1000 although percentage wise it’s the same… the thing is most alts typically go up during bull runs but rarely (most coins never) get to an ATH against their BTC parity.

There are a ton of coins that get a halving every year. Sometimes hype builds up. Sure, Litecoin will have to have a bull run or otherwise mining isn’t worth it anymore. But don’t expect something too wild..

It might get a short term surge but nothing serious. Nobody cares about Litecoin and nobody cares about its halving. It used to be important up until a few years ago but now its a as obsolete as every other altcoin.

I think with the next halving, the price of the coin will surge for few days initially, but it won't be able to keep up for too long because after some days its value will start going down once again. I even think that with the next halving the price of Litecoin can cross $140 during the halving event, but that's purely my prediction and I won't claim 100% accuracy.

The Litecoin halving doesn't impact the market like Bitcoin halving does, but it can surely impact its own price for a short term and that can be a very attractive opportunity for the investors because it's a proven fact that with halving a price spike is a confirm thing and sometimes that's beyond our predictions.

Even if the price surge won't be too high but still if someone invests in LTC right now will most probably make some good profits with the coins next halving event. The current price $90.94 which isn't high for such a useful coin from any perspective, and the ones who know this will probably find the opportunity to invest in it.
 

The next Litecoin halving event is coming in August, and that has investors excited about this coin's future upside potential.
  Seemingly out of nowhere, Litecoin (CRYPTO: LTC) is on the move again. The coin is up 13% over the past seven days after significantly underperforming the market for much of the year. Over that same period, both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are basically flat.
What are your thoughts on this litecoin resurgence?
https://www.google.com/url?q=https://www.fool.com/investing/2023/05/20/could-litecoin-really-go-parabolic-this-summer/&sa=U&ved=2ahUKEwjVkKLGwYf_AhWSh1wKHSZeA644ChDF9AF6BAgFEAI&usg=AOvVaw15_1gXfZa3YHxMgRUwxc7c