The new Litcoin ATH will become evident within the next 2.5 weeks.
Im prediciting a $65 to $75 LTC price in the short term.
Long term LTC will be at $150!
Mark my words. I can look into the future based on pure fundementals + technicals - FUD.
Topic: Litecoin has potential. Beyond $50? (Read 9355 times)
let's see how the hashing war pans out first. they may even look into a uasf. I think the appetite for miner bullshit has gone.
The war is over. The segwit will be implemented soon.
Yep. We will see how long it takes for the pools to adopt. But looking good.
Then again I have a pre-order for 4 L3+'s from Bitmain. May 5th batch, so it the coin pumps to $20 I may NEVER get them back
https://cointelegraph.com/news/litecoin-roundtable-unanimous-vote-to-decide-segwit-future
let's see how the hashing war pans out first. they may even look into a uasf. I think the appetite for miner bullshit has gone.
The war is over. The segwit will be implemented soon.
let's see how the hashing war pans out first. they may even look into a uasf. I think the appetite for miner bullshit has gone.
ltc dead again 6 months ...see u on autumn ltc , 10x for this small ride .
raining with sells ....
this is why I don't buy ltc
this is why I don't buy ltc
Well lets see, last bottom for LTC was april 7th: 0.00789
Current price: 0.00901420
What are we looking at here?
Did LTC bottom?
Are we going to test another 0.011 top to form a double top? maybe it breaks out if some chink decides to add hashrate to 75% (where is Charlie's brother at?)
I want more money and I love a good gamble but I dont want to lose the gains i've made those days fuuuck.
its showing another green and might possible to goes up again good time to place an entry but not to go being a fomo its hard doing it like thatCurrent price: 0.00901420
What are we looking at here?
Did LTC bottom?
Are we going to test another 0.011 top to form a double top? maybe it breaks out if some chink decides to add hashrate to 75% (where is Charlie's brother at?)
I want more money and I love a good gamble but I dont want to lose the gains i've made those days fuuuck.
play safe while price at green and never to sell if price drop down just continue holding sell only if you already got decent earnings.
Well lets see, last bottom for LTC was april 7th: 0.00789
Current price: 0.00901420
What are we looking at here?
Did LTC bottom?
Are we going to test another 0.011 top to form a double top? maybe it breaks out if some chink decides to add hashrate to 75% (where is Charlie's brother at?)
I want more money and I love a good gamble but I dont want to lose the gains i've made those days fuuuck.
Current price: 0.00901420
What are we looking at here?
Did LTC bottom?
Are we going to test another 0.011 top to form a double top? maybe it breaks out if some chink decides to add hashrate to 75% (where is Charlie's brother at?)
I want more money and I love a good gamble but I dont want to lose the gains i've made those days fuuuck.
I doubt. Im short from 0.009 targetting 0.0079 or lower.
Well lets see, last bottom for LTC was april 7th: 0.00789
Current price: 0.00901420
What are we looking at here?
Did LTC bottom?
Are we going to test another 0.011 top to form a double top? maybe it breaks out if some chink decides to add hashrate to 75% (where is Charlie's brother at?)
I want more money and I love a good gamble but I dont want to lose the gains i've made those days fuuuck.
Current price: 0.00901420
What are we looking at here?
Did LTC bottom?
Are we going to test another 0.011 top to form a double top? maybe it breaks out if some chink decides to add hashrate to 75% (where is Charlie's brother at?)
I want more money and I love a good gamble but I dont want to lose the gains i've made those days fuuuck.
How to activate the segwit will be the last price increase, and then forget again. 25 $ maximum and then candle up
Yeah he's a pure pool, but 35% pointing to his pool.
I guess it would indeed be a good idea for miners to point on other pools who also support SegWit.
I wonder how many miners are aware of this tweet saga.
I guess it would indeed be a good idea for miners to point on other pools who also support SegWit.
I wonder how many miners are aware of this tweet saga.
considering how active charlie lee is at the moment i think there's a good chance he could get many to switch. it would be very stupid of this guy to torpedo his own business when the tide is against him.
there's also prohashing who are having to reprogram but they're committing towards the end of the month and they have about 6%
F2Pool owner (controls 35% hashrate of LTC network) said he would drop SegWit.
i thought this guy was a pure pool with no power of his own. if that is true then all miners have to do is shop elsewhere.
Yeah he's a pure pool, but 35% pointing to his pool.
I guess it would indeed be a good idea for miners to point on other pools who also support SegWit.
I wonder how many miners are aware of this tweet saga.
F2Pool owner (controls 35% hashrate of LTC network) said he would drop SegWit.
i thought this guy was a pure pool with no power of his own. if that is true then all miners have to do is shop elsewhere.
I'm not really on Twitter, so I didn't know until just now.
Here is what mostly caused the LTC price drop.
F2Pool owner (controls 35% hashrate of LTC network) said he would drop SegWit.
http://img4.hostingpics.net/pics/964838F2PoolSegWitScam.png
Nice little scam from him, as if his mind wasn't already made on adopting or not.
He probably sold at peek and made a fortune on cheap LTCs today.
Nice guy.
Here is what mostly caused the LTC price drop.
F2Pool owner (controls 35% hashrate of LTC network) said he would drop SegWit.
http://img4.hostingpics.net/pics/964838F2PoolSegWitScam.png
Nice little scam from him, as if his mind wasn't already made on adopting or not.
He probably sold at peek and made a fortune on cheap LTCs today.
Nice guy.
Coinbase or GDAX adding litecoin trading is not necessarily positive for the price. Look what happened when GDAX started trading ETH May 2016:
Ether price dropped over 70% in 7 months before recovering. You might want to sell your litecoin before SegWit activates or Litecoin is added to GDAX (buy the rumour sell the news.)
Ether price dropped over 70% in 7 months before recovering. You might want to sell your litecoin before SegWit activates or Litecoin is added to GDAX (buy the rumour sell the news.)
I think it's a temporary drop. SegWit adoption has backed from a few %, people are scared, some profit takers dumping.
It was a good last 24 hours to buy I think, hope so.
It was a good last 24 hours to buy I think, hope so.
what are we thinking about litecoin today?
price is still 2x higher than before the rally started and i think it is perfectly normal for the price to have came down after the 180% rise.
also looking at the USD value the price is still high above $10-$10.3 which means part of the dump was due to bitcoin price rising:
BTC/USD up => LTC/BTC the same => arbitrage opportunity LTC<>BTC<>USD => crashing LTC/BTC price.
i say we can still see continuation of the rise after this day ends although it is very hard to speculate right now.
price is still 2x higher than before the rally started and i think it is perfectly normal for the price to have came down after the 180% rise.
also looking at the USD value the price is still high above $10-$10.3 which means part of the dump was due to bitcoin price rising:
BTC/USD up => LTC/BTC the same => arbitrage opportunity LTC<>BTC<>USD => crashing LTC/BTC price.
i say we can still see continuation of the rise after this day ends although it is very hard to speculate right now.
From latest BitMex Crypto Trader Digest:
Quote
Litecoin is affectionately referred to as “rock” by many crypto traders. Litecoin has acted like a rock in trader’s bags since it hit its all time high of $40 in 2013. The technical merits of why Litecoin should be worth more than $0 are few and far between. Litecoin exists on life support only because Chinese traders for some reason enjoy trading it. Mainly that is because it is the only shitcoin the big three Chinese exchanges (BTCC, Huobi, OKCoin) offer.
During the current 2017 altcoin bubble, rock caught a stray bid. The pump and dump operators finally decided it was Litecoin’s time to shine. Rock is up almost 200% since late March.
The narrative supporting the rally is that SegWit is close to being activated. The activation threshold on Litecoin is 75% vs. 95% for Bitcoin. Litecoin is a CTRL+C, CTRL+V of Bitcoin. The slight changes include being Scrypt mined, and a block time of 2.5 minutes on average.
Many traders point to Litecoin as proof that if Bitcoin activates SegWit the price should explode higher as well. Some seriously delusional traders con themselves into believing Litecoin could actually serve as a replacement for Bitcoin if the Core vs. Bitcoin Unlimited civil war results in a contentious hard fork.
Oblivious traders are filling their bags with new shiny rocks. How do I know? Because in a recent tweet, Coinbase CEO Brian Armstrong said they will list a Litecoin / USD pair. Altcoin pumps begin in earnest on Poloniex, and end when exchanges such as Coinbase and / or Bitfinex decide to list them.
A recent example of this phenomenon was Ether in Spring 2016. After a lacklustre performance in the secondary market from listing in August 2015 until January 2016, Ether ignited and went asymptotic. The peak during that particular rally was reached when Bitfinex announced it would list ETH. As soon as ETH listed on Bitfinex, the dump began.
Exchanges late to the party, even BitMEX is guilty of this from time to time, signal that peak fomo is near. Those traders tempting fate by holding Litecoin should be cautious. It isn’t called rock for nothing.
During the current 2017 altcoin bubble, rock caught a stray bid. The pump and dump operators finally decided it was Litecoin’s time to shine. Rock is up almost 200% since late March.
The narrative supporting the rally is that SegWit is close to being activated. The activation threshold on Litecoin is 75% vs. 95% for Bitcoin. Litecoin is a CTRL+C, CTRL+V of Bitcoin. The slight changes include being Scrypt mined, and a block time of 2.5 minutes on average.
Many traders point to Litecoin as proof that if Bitcoin activates SegWit the price should explode higher as well. Some seriously delusional traders con themselves into believing Litecoin could actually serve as a replacement for Bitcoin if the Core vs. Bitcoin Unlimited civil war results in a contentious hard fork.
Oblivious traders are filling their bags with new shiny rocks. How do I know? Because in a recent tweet, Coinbase CEO Brian Armstrong said they will list a Litecoin / USD pair. Altcoin pumps begin in earnest on Poloniex, and end when exchanges such as Coinbase and / or Bitfinex decide to list them.
A recent example of this phenomenon was Ether in Spring 2016. After a lacklustre performance in the secondary market from listing in August 2015 until January 2016, Ether ignited and went asymptotic. The peak during that particular rally was reached when Bitfinex announced it would list ETH. As soon as ETH listed on Bitfinex, the dump began.
Exchanges late to the party, even BitMEX is guilty of this from time to time, signal that peak fomo is near. Those traders tempting fate by holding Litecoin should be cautious. It isn’t called rock for nothing.
Probably my last post on LTC:
Thanks I didn't and I should have. I'm not a professional trader. Otherwise I wouldn't have chickened out and sold. My acumen is on analysis of the technology, economics, and game theory. Also I am reasonably good at identify the major trends.
Any way, I re-entered LTC when it moved back above the bottom of the wedge. I am in a solid HODL stance now. I will stop looking at the chart. I will not trade it any more. To $50 or bust.
^^ Do you watch buy support? It's been building from a low of 1600 this morning to over 2100 BTC now
Thanks I didn't and I should have. I'm not a professional trader. Otherwise I wouldn't have chickened out and sold. My acumen is on analysis of the technology, economics, and game theory. Also I am reasonably good at identify the major trends.
Any way, I re-entered LTC when it moved back above the bottom of the wedge. I am in a solid HODL stance now. I will stop looking at the chart. I will not trade it any more. To $50 or bust.
I posit a reason that Bitmain's surrogate pools will stop blocking SegWit on Litecoin soon.
If you read the entire linked thread, you will catch up on a lot of the details as to why I am nearly certain Bitcoin is going to remain small blocks and never get scaling.
What did I miss?
Nash?
I can't continue providing links to every thing I write all over the place. But one more time, go read this thread and also this post.
If you read the entire linked thread, you will catch up on a lot of the details as to why I am nearly certain Bitcoin is going to remain small blocks and never get scaling.
as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.
What did I miss?
Nash?
I can't continue providing links to every thing I write all over the place. But one more time, go read this thread and also this post.
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