Topic: Is the Litecoin rally over for now? (Read 703 times)

Bitcoin forces and pulling all altcoins in various directions to suppress them but Litecoin has a major update in form of it halving coming up shortly in the next few weeks so I expect it to break out from the strong hold. Hold your bags and do not just sell yet.

my opinion is it is going well now more than the previous situations but people were thinking about the the development is very slow and very little that's why this type of parts will came so that if the value grow very quickly then everyone trust it that is so simple reason.

Ye, I think we will see the strong movements but they will not be bound with halving. I don't know what will be but not halving. Whole market growth, some speculation. Today LTC don't look so strong for growth as month ago.

Definitely not at all. Cause price movement is very normal things in crypto. Litecoin price now in uptrend. It will recover again very strongly like previous time.     

Analysts disagreed on how the LTC course will continue. Specialists from The Rhythm Trader agency stated that the crypto has a chance of reaching the $ 100 mark. A more pessimistic forecast was presented by BitOoda analysts. They said that Litecoin has almost exhausted the potential for further growth.
The experts talk about the fall of LTC to the level of $75. Lets see! 

halving hasn't happened yet. if halving has been done, I think the price increase must have occurred. because the amount is reduced I think it will be the best way to increase the price. we will see later when everything is going on, and how the market response occurs.

We just think it nearly unrealistic movements. The moment will come that the entire market will move high but we can't expect that all of them where going high and that's exactly it happen to Litecoin.
Have this coin remains at its potentiality but can't be a guarantee for its increasing price trend.

That is still a huge profit if he sells Litecoin at that price, Litecoin is presently at $120, and $80 multiplied by the quantity he bought would still give him a fair profit, although he could have invested in other coins that would have given him more than that, but greed is bad for the market and better he sets its profit at that, although I know that Litecoin will surely hit more than that during the next bull run, my believe for Litecoin is that it would definitely target  $300 which is under probability, so in order not to make mistake people made in the past when they watched some coins hit their all-time high, but still believing it would grow further, and unknowing to them that the market will make a sharp U turn, $200 is really safe point to target for Litecoin.

Litecoin slowly goes up.  I think that he will succeed.  I find it quite productive.  And it makes a strong competition to other coins.

Litecoin better beat $150 after the Litecoin halving or all 'heck' is gonna break loose, IMHO. A whole lot of sideways running out of desperation, even at that rate, after halving.

Right now, if you assume my 'guess' of all the equipment in the world that mines Litecoin that is still up 75% is Bitmain L3+ type units (or equivalent). Vary my guess down or up

by anything you think appropriate, looking at the below calculator. Again, this is just a guess.

Using www.litecointalk.org/calc which is a 'free pool with no fees' and pays now 101% LTC payout.

You get the following for a 'stock' (you are a bit better off underclocking...but will not show that here) Bitmain L3+ Miner.

I am using the following 500mh at 800 watts at 11c kWh (Summer rates in data hall in the USA Midwest, for me anyway) at the current price of $121 USD per Litecoin.

-11c a day. (damn that is ugly) or -$3.20 per month. (1c makes a difference at 10c kWh it would be 9c a day or +2.56 a month profit...damn you, Summer Rates!

Days before halving of Litecoin as of now: https://www.litecoinblockhalf.com/ or less than a month. 27days 20hrs as of now.

500mh
800 watts
11c kWh (Summer Rates for 4.5 months yet I think it is here)
at $121 Litecoin USD price.
Assuming, of course, the difficulty is flat.


                            Profitability Analysis
   Expected Rewards   Costs   Net Profit
24 hours   0.01657349 LTC   2.01 USD   2.11 USD   -0.11 USD
7 days   0.11601444 LTC   14.04 USD   14.78 USD   -0.75 USD
30 days   0.49720474 LTC   60.16 USD   63.36 USD   -3.20 USD

What you would need for a Litecoin Price AFTER HALVING to make the same meager amount of money as of today. To make even a LITTLE BIT of profit.

500mh
800 watts
11c kWh
at $150 Litecoin USD price.
Assuming, of course, the difficulty is flat.

Days after the halving of Litecoin as of now

                                   Profitability Analysis
   Expected Rewards   Costs   Net Profit
24 hours   0.01657349 LTC   2.49 USD   2.11 USD   0.37 USD
7 days   0.11601444 LTC   17.40 USD   14.78 USD   2.62 USD
30 days   0.49720474 LTC   74.58 USD   63.36 USD   11.22 USD

37c a day. (still meh!) or +$11/22 USD per month.

So, from my 11c kWh point of view, and Bitmain L3+'s being 'tail end charlie' as far as efficiency miners at the back of the pack now.

The "worst"? we are looking at with $150 USD and say difficulty flat is kinda more of the same. Keeping the doors on the data hall open and kinda 'meh!'

Others with like 6c kWh rates etc are laughing their ass off at me. But that is the math, for the Midwest USA and Summer Rate increases. This is about 11c kWh rate.

I don't see a lot of miners (if my assumption of Bitmain L3+'s still hanging on and being 75% of stuff mining yet is correct). Anyway, not a lot of miners will drop,

the difficulty will go sideways, and what? 6 more months of meh! as it is?

So sh*t has to come back in a big way. If the price of Litecoin was to dump to say $100 USD, IMHO. That 75% of Bitmain L3+ units would then drop off the network

and likely the remainder of generations above the L3+ could do well.

But just saying, if I assume again, that everything that can run from the Bitmain L3+ on up, and that difficulty is high and gonna go sideways because everything

that can be on, is on. Then the above meh! may be in our future.

Hoping, mimblewimble and the halving will solve some of this. But I looked at the last halving and found the following.

Litecoin price on 9/8/15 price of LTC was $3.90 Price of LTC on 7/8/17 was $3.77. So the halving does not mean much. That was after 1 year and 11 months! More

or less after the last Litecoin Halving.

So yeah, altcoins, including Litecoin better come back in a big way, or this will really, really suck!

Brad

I am sure litecoin can reach more than $150 this year, but if that is not happening in this year, we have the next year to see litecoin reaches that price.
Litecoin has a good way to increase, but the price now is not increase too high but stay in that level price so I think we need more time before litecoin can go to the higher price.
Meanwhile, I am sure that many people are ready to place their litecoin in the order sell and I am sure that they want to sell at the very highest price later.

In this rallying market for Bitcoin,I think HODL is not applicable today unless he can afford to wait much time because so far there is no indication that altcoin will grow together with bitcoin.

For me it is good to just go with Bitcoin for now and just re invest in litecoin again in future when market stables again

   Litecoin can do much more than 200$ in my humble opinion. We expect halving in upcoming months, after that supply will go down, we need to expect
price to rise until the end of the year or next year at least double from not. That would be new ATH for Litecoin!
   Selling on 200$ doesn`t have sense. If you waited so long, wait a bit more and that will be a good thing, you will see.

Yes it is over.

You should care about USD value. Since cakes are also valued in USD and that is eventually all that matters.    If 1 satoshi can buy you 1000 cakes I rather have that then 1000 satoshi that can buy me one cake.

if your target is to sell LTC for $ 200 why doubt about it?
for me, faith when making the first decision is absolute, because every risk is certain to exist and remain in the path that we believe from the beginning.

This is because the promise of 'mimblewimble' as a private transaction protocol is, as usual, lagging behind the coming halving. If they would have that in place right now and

with the having, the price would be pumping a lot more, IMHO. Litecoin always does this 'announces' something and then never gets around fast enough to implement this

or worse (remember the supposed Litecoin Debit Card Fiasco)

So, halving may kick the price up a bit more...but IMHO a $130 LTC will be pushing it to stay at that price sideways with the 'aftereffects' of half'ing on mining, that is my

guess.

Brad

This break-out on either side will probably answer a lot of Litecoin's speculation-related questions:



https://twitter.com/BigCheds/status/1148009157448142848

Although the time for BTC has fluctuated strongly, the price of LTC is quite stable at about $ 114-120, I hope in the short term LTC can reach $ 150 and at the end of the year is $ 300.

Litecoin is not a very bad coin to hold so keep yourself positive while holding that coin and you will get the the profits when you find that the market is going to be bullish, but since you are interested in selling just sell at the target price.

I think you should determine the attitude based on the graph of the growth of litecoin and bitcoin coins. if right now bitcoin is in a good position maybe releasing litecoin and choosing bitcoin is a good thing, but maybe you should think carefully about that choice