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Topic: Litecoin Doubles In Value since early February (Read 304 times)

sr. member
Activity: 700
Merit: 251
February 18, 2018, 01:30:14 PM
#35
As the Charlie lee once stated in his tweet 2018 will be litecoin's year so this is just beginning. Litecoin has all the feature to be way more valuable than the current price. It was the 1st fork of bitcoin it is fast in the transaction, txn cost is cheaper.

Bcash is trading at 1500$+ being a bitcoin so the current price of litecoin is not justifiable there is a lot of room to grow.
newbie
Activity: 13
Merit: 0
Many developer would consider a fork made by others as "scam". Question is what the fork will offer as innovation.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
i am afraid the main reason for this recent litecoin pump was because of the upcoming hard fork that it is going to have. despite all the warnings that people including the developer gave about it and called it "scam", people are still buying LTC for the free money they are going to get.

if my guess is correct them it might lead to a big dump right after the fork happens and LTC can lose most of this current gain.
sr. member
Activity: 1190
Merit: 256
That was quite a pump from FOMOs. As a result of the upcoming fork alot of people rushed in to get LTC inorder to have some free forked coins, now the fork gas turned out to be fake and not from LTC team, let's see how that price holds up. Though LTC is a great Crypto, and the potentials are very much glaring.
full member
Activity: 560
Merit: 107
Keep Working
Litecoin is fast and cheap to transfer and Litecoin has a very bright future. I think it'll cross $400 by mid of this year.
full member
Activity: 420
Merit: 100
The fifth largest cryptocurrency by market capitalization, Litecoin, has increased in value from $109.07 on February 2 to $220 at the time of publishing. This is more than 100% price jump in just under two weeks.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/litecoin-doubles-in-value-since-early-february/


Many do not believe in this coin as in the ripple, but with the ripple, if more or less clear, then with Litecoin is not quite. Why does everyone think that this coin is not able to grow and make a profit, is it really not liquid or not supported by the developers. What's wrong with it ??
newbie
Activity: 13
Merit: 0
I'm not sure if I scam could drive the price that high! Wink
full member
Activity: 490
Merit: 136
There are two main reasons for the hike in the LTC price,
They are the upcoming fork to litecoin cash which is reportedly a scam and is not being backed by the litecoin team.
The other is the announcement that litepay will be using litecoin, report below.

[sarcasm] no its dead, nobody is going to be using it, there are better payment options like Ethereum and Neo [/sarcasm] 

Roll Eyes

I suppose that is why Litepay has decided to accept LTC payments and is set to launch this month!
and the markets are reacting positively to this news which leaked out on Monday.

https://www.ccn.com/litecoin-price-leaps-to-200-ahead-of-litepay-launch/

Litecoin has a very bright future.


sr. member
Activity: 1274
Merit: 263
For investment purposes, this means users will spend less money to buy or sell LTC than BTC.

logically it's not cheaper in any way compared to its price before the airdrop.
lets make a simple calculation about this case;
at February 1,2018 its price approximately around $130 and right now February 18,2018 its price approximately around $230.
that mean the price is increasing around 70% from its average price when it's at February 1,2018.
after the event ends,
the price is drowing and move to around $160 which is down for around 40%(for example) from its peak,
do you think it's cheaper compared to its price before this news came up ?
in other words,it's not a good time to invest it because its price has not been stabilized yet.
and for investment purpose,it's like spend more money to buy LTC.
newbie
Activity: 79
Merit: 0
For investment purposes, this means users will spend less money to buy or sell LTC than BTC.
hero member
Activity: 868
Merit: 500
I don't think it makes sense to buy the pump now, because we all know that after the airdrop the price is going to dump, LTC and and ETC are two projects that their price have peaked because of the coming airdrop, just look at NXT and ignis airdrop and what happen to their prices after that
sr. member
Activity: 1750
Merit: 267
Is it time to sell LTC or hold? What is the target price?
In my opinion it is time for holding. It is time for buying also. It is the best time to gather litecoin with negotiable price. Don't sell it in that situation. Hopefully price will hit 500$ very soon.
member
Activity: 462
Merit: 62
Is it time to sell LTC or hold? What is the target price?

The old saying is "buy the rumour, sell the news". Litecoin has pumped in anticipation of the Litepay payment processor being launched on Feb 26th. When it actually launches, it's success depends on whether mechants actually sign up for it. I expect investors will take profits in advance in case not many sign up.
How many merchants will say no.
Quote
Credit cards take up to 3% in processing fees on every transaction.
Accept Litecoin with Litepay and get direct bank deposits in your own currency for a simple, flat 1% settlement charge.
sr. member
Activity: 980
Merit: 255
Is it time to sell LTC or hold? What is the target price?

The old saying is "buy the rumour, sell the news". Litecoin has pumped in anticipation of the Litepay payment processor being launched on Feb 26th. When it actually launches, it's success depends on whether mechants actually sign up for it. I expect investors will take profits in advance in case not many sign up.
This is the way to do it the reason to buy the rumors is that if you wait too long to get a confirmation of the rumor then it will be too late and you will be left out of the rise or decrease in price of a coin, this is why right now is the perfect time to invest in coins with good developers, not only litecoin, coins like bitcoin are a perfect example of this, we know that the LN is coming at some time in this year, if you wait for the LN to be ready you will lose a lot of money, it is better to invest now and sell once it pumps when we have confirmation the LN is ready.
hero member
Activity: 1876
Merit: 512
I was told this is because of Litecoin cash hard fork that is coming up soon, but Charlie has called it a scam, because there is no positive new apart from this hard fork thing that is driving the price up, we may likely see sell off after the fork
full member
Activity: 479
Merit: 100
It raised $ 100 within 2 weeks. Great for those who have kept LTC. I hope they will continue to keep it like me. Expect a price of $ 1000 in 2018. It is quite feasible
sr. member
Activity: 532
Merit: 250
This is good if you don't think of the future  Smiley Because in the next 2 weeks it can go back to $100 and you can make a loss after 2x gain with panic.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
in dollar it got doubled ,
also even in btc it increased upto 65% .

best fork of btc it is , truly faster (not fastest) and cheaper .

Hmm, I don't think you understand the concept of fork. And no, Litecoin is not the fastest, and it is only cheaper because of simple price valuation.

Yes, it is meant to be quick and cheap, but we'll need to see standard use apply before we can truly compare.

I am a Litecoin supporter, user and holder. I only want the best for it, and believe in its strength. But we should be careful about the coins we hold and what we say about them. Don't want to confuse the newbies now do we?
full member
Activity: 350
Merit: 101
Your professional profile on the blockchain
I think that one of reasons is that LiteCoin Cash was announced. But be careful! Charlie Lee in his twitter said that it is SCAM.
full member
Activity: 378
Merit: 100
ARIZN - Tokenised Crowdfunding Platform
It was really a very nice rise. an and a 40% increase in prices again. but as it gradually increases, investors are confident and the price increase continues Smiley
One of the most reliable coins to invest is litecoin.
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