Topic: Litecoin Likely to Double in Coming Months (Read 1335 times)

If you are looking purely at transactional history that's not the way to do it.  2017 was a speculators dreams and in and out of exchange transactions were high.  Most transactions at this point for most alts including litecoin can be manipulated either way up or down.  Cant rely on transaction history alone for future price indications, although it is one of many tools to be used together

Unlikely, in the past 2 years from litecoin address sent was about 40k, yesterday less than 20k

Searing I agree slightly...there will always be people in the profit from mining no matter what the diff/price ratio is.  Miners might drop off but then another farm will jump on.  If we survived the frigid 2015 year of alts than this will be survivable as well. 

Look at the last halving it took 1.5 years for the price to move much above $3.50 from the day of halving to that day 1.5 years later. Only after that did it pump and at that

time there were no forked coins like BCH and BSV and others like ETH, etc.

Litecoin better pick up the development pace and put in Mimblewimble or it is gonna get left in the dust before years end with the 60% of scrypt-miners (IMHO) of Bitmain L3+'s

all being turned off and unable to mine over the cost of electric.

gonna be ugly indeed

Brad

The last time when the bull market was persists in the year of 2017 Litecoin was achieved the highest ever above $300 from a mere value of $10 only. But, while now the bear market is hovering still it has not corrected that much as like the other coins. Simply traded at above $60. So, if a little hope will come to the market then it will definitely go the price of $200 maybe more possible after the 2020March.

Litecoin is now preferred over most transfers on the trading platform due to low fees and speed. Interest in this will only grow, possibly exponentially.

It can be a mistake when you compared the current price with the last time high the very reason that you need to do research and finds out the right place to make your entry, there's certainty that you always needs to make a good point and not to judge right away when you see some movements, decide once you are done doing your own research and bring positive outcome with your investment.

when LTC became cheap like now. I think it's natural when many people keep it. especially after halving is done, because now holders are just waiting for an update in the market to occur and adoption will increase its value to be extraordinary.

In 2 months, Litecoin lost over 50%, and some investors started to buy this altcoin actively now. Because crypto-assets have no intrinsic value, investors often compare the current price with its higher level some time ago. This leads them to the erroneous conclusion that the price is cheap, and this cryptocurrency is a good investment. However, LTC might not grow well in the 2019 year.

The price of Bitcoin in a few weeks did not suffer a sharp decline. Current Bitcoin price If I see the price is stable. And in fact, this becomes a great opportunity for all altcoins and includes LTC for back pumping. However, the pump has not yet happened and I agree if in the next few months LTC price will be back pumping.

Close for the LTC halving? mate, we're already done with that part in case that you missed it. The next LTC halving will be on 2023[1].

[1] https://www.litecoinblockhalf.com/

Maybe the halving that you're describing is with bitcoin's? but it's several months away, it'll be on May 2020[1].

[1] https://www.bitcoinblockhalf.com/

If miner 'capitulation' leads as folk say to a higher-priced coin. (Trends mostly with BTC in the past).

Then the question becomes, is there enough 'adoption' of Litecoin for this to matter?

Perhaps, due to 60% or more of all LTC scypt-pow miners being the Bitmain L3+, which are currently dumping off-network (or will soon)

due to price vs difficulty.

Perhaps, anyone else that has something better or more efficient or better electric rates (fewer then 4c kWh at current dismal LTC prices, from what I can tell)

Those 'remaining' and 'non-bitmain' LTC-scrypt pow units, might just make plenty of money at $60 LTC prices.

Thus adoption and/or speculation has to pull LTC out of this hole, or we are in another 2-year big hurt of 'sideways' prices and  dubious mining like in the past

for a couple of years..for the next 2 years or so. Rinse/Wash/Repeat.

Which the other point, though I hate to say it. The previous times this happened (last halving) LTC really was Silver to Bitcoin's Gold.

But perhaps, those days are gone (the horror/ack!) and the replacement Silver to Gold alternatives are Bitcoin Cash and Bitcoin SV. (Sorry to say).

Thus, Litecoin fades and is replaced by such.

So LTC needs speculation and adoption folks, but just not seeing it at this point in time.

(beat me up, show me I'm an idiot, but I mean really, LTC after years can't even match BSV's crypto prices?)

Brad

The alt market has been moving as one for a while now. I don't think we'll see proper separation of alts until we have a solid bull market and BTC has stabilised and handed over momentum to the alts. It might happen soon, or it might be a while - but I think (hope) it is likely to happen at some point in the next few months.

Lol, Litecoin is really developing below expectation and I think their team are gradually getting fed up also, just that they do not know how to exit the market so that people will not assume that it is a scam coin which will really damage the trust that people have for most projects that are within the top 100 in the market.

Litecoin is really being affected by the bear market of altcoins, but I want to believe within me that maybe when altcoins time comes, they might be able to start functioning again, but I expect them to still do more now so that people will not lose absolute fate in them. They have a very good product even if they are copy of bitcoin, but they can still get people that will believe in their project, the market is too wide for them no to make it.

Cheap copy of Bitcoin, Creator does a runner, No development and no the Litecoin Foundation running out of money......
doubling in coming months, yeah right

I have a Litecoin Koan.

"If Litecoin price doubles in a couple of months.?"

"Will not difficulty also go up enough to negate such?"

"Thus the sound of 'One hand clapping'?

"Deafening Silence, still, on Litecoin's future?

(ducks...don't throw stuff at me in Bitcointalk! It stings!)

Brad

From $75 to $100 isn't really that far but this one https://www.cnbc.com/2017/12/20/litecoin-founder-charlie-lee-sells-his-holdings-in-the-cryptocurrency.html

Do make me hesitate to fully support this coin.It might have some considerable volume but its founder already leave out his own project.So I don't see for it to be substantial for upcoming years.

Halving did not have any effect as all were ready for it, and prepared for any changes. Thus, Litecoin did not choose its price dramatically. I gained well but due to other reasons, not connected with it. What I see is that LTC is standing almost still, but its market capitalization is slightly growing. Probably, it will manage to reach 100 dollars this year.

litecoin, as well as other altcoins in general, is not in the best condition right now and most likely that is why litecoin did not respond to halving

       

   What happened is that reward for miners is halved. Mining reward for every block has been reduced from the previous 25 Litecoins to 12.5 Litecoins.
Reducing the mining revenue by half will lead to net loss for miners, at this price for many people who don`t have money to upgrade their miners.
   Charlie Lee sold his coins, he said he will continue to work on Litecoin for love, not for the money.
   You are disappointed cause halving didn`t affect the price. Halving never affect the price right after the halving! Be patient.