Litecoin will Fly - page 2. | Bitcointalksearch.org

mich

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Quote from: Reid on December 28, 2020, 03:15:20 AM

$30 increase in just 5 days.
We could say it is also being dragged to heaven. Grin

I really wish I bought some of this coin but I was so busy with Ethereum and XRP that I forgot to invest with it too.
Missed a great opportunity of investing with one of the prime cryptocurrencies.

$300+ at December 2017 so this could still be a low price and we may expect more pump.

Litecoin is up 1.58% in the last 24 hours and up almost 30% in the last 7 days. Anyone who is holding this coin has been rewarded dearly this past week.

But I will not be satisfied until we see the price of the all time high of $360 like it was in 2017. Since the Bitcoin all time high price has been passed I will continue to hodl my LTC until the same things happens.

Here is a article talking more about LTC price- https://primexbt.com/blog/litecoin-price-prediction-forecast/#:~:text=In%202017%20Litecoin%20reached%20its,gain%20from%20its%20bottom%20price.

Reid

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$30 increase in just 5 days.
We could say it is also being dragged to heaven. Grin

I really wish I bought some of this coin but I was so busy with Ethereum and XRP that I forgot to invest with it too.
Missed a great opportunity of investing with one of the prime cryptocurrencies.

$300+ at December 2017 so this could still be a low price and we may expect more pump.

lunnatic

sr. member

Activity: 1190

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COMBONetwork

the founder of litecoin said that litecoin, ethereum and bitcoin holders will be happy, and xrp holders will be miserable,
maybe this is why litecoin will increase later, there will be good news for litecoin,
and litecoin founders have leaked it, hopefully litecoin can fly.

Bamelin

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Quote from: hulla link

The reason why it slowly dying is because of Charlie Lee public declaration of selling all his holding and major investors decided to sell their holding either to avoid exit scam since the coin creator decided to sell his holding.

Charlie sold to avoid any appearance of having a conflict of interest. Not only that, he told everyone he was going to sell and why. It is ridiculous to say otherwise considering he has remained working on the coin for years.

Exit scam lol ridiculous. Try integrity. He cared more about protecting the integrity of the coin that the fortune he was sure to make if he held until the $1000 USD plus we will surely top.

I’m sure Grayscale would have a fund with hundred million invested dedicated to Litecoin for “an exit scam”. Such comments display ignorance and spread FUD. Charlie has been a powerful voice in the crypto space.

Iyeman

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Quote from: desciglio2 on December 27, 2020, 08:20:38 AM

Recently, Litecoin made the biggest attack after Bitcoin. Bitcoin Cash goes great with Litecoin. When Bitcoin reaches a certain saturation, people can turn to Litecoin. Better days await Litecoin

It's actually following the bitcoin movement. the chart that happened with litecoin is similar to the bitcoin. As far as i can see that if litecoin will not have different pattern with bitcoin.
This time litecoin gets a correction consider bitcoin was getting it too. People already moved to the litecoin but it more people liquidated their position and waiting for another deep.

bttmember

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Quote from: Bamelin on December 27, 2020, 02:12:44 AM

If BTC goes X 4 to 100,000 USD this bull run cycle (very plausible imho) and the LTC/BTCratio stays the same as RIGHT NOW at 200 LTC = 1 BTC that puts LTC at $500 USD a coin

Using same target assumption that 1 BTC = $100,000 USD
At 151 LTC for 1 BTC = $662 USD per coin
At 125 LTC for 1 BTC = $800 USD per coin
At 100 LTC for 1 BTC = $1000 USD per coin
At 60 LTC for 1 BTC = $1666 USD per coin

Look again at the average LTC/BTC ratios since 2011 - https://imgur.com/a/9sdxuON

LTC has been WAY under the current 200 ratio for the vast majority of the coins history.
If you believe BTC will crest $100,000 USD this cycle we are looking at worst $500 USD a LTC and much much better if the ratio improves.

The only caveat is that if the ratio gets much worse. But again, history of the ratio says that is unlikely. If anything LTC is at a historically high ratio and it’s about to improve.

With that said, Litecoin's value proposition:
High liquidity & on every exchange
number 2 supported on ATMs
350m @PayPal users
$104m @Grayscale LTCN trust
99% Scrypt hashrate dominance
MWEB fungibility/privacy
Low fees & fast txns
$500b+ value transferred
9+ years w/ zero downtime

https://twitter.com/SatoshiLite/status/1340864115628130305?s=20

Litecoin also appears to have cycles as shown in the diagram here: https://imgur.com/a/vvSvulH

While the future isnt always the same is does often rhyme.

Nice break up and review of potential price targets, ltc was the one i was sure of big gains but with your ranges it is easy to expect some upward targets, I hope you will also post similar analysis for ethereum and tron.

goaldigger

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Litecoin will continue to grow but its not that fast compare to its history of the price movement since many are still disappointed with LTC. Looking at the market right now, we still see bitcoin dominates the market and some altcoins are still not pumping that much, same thing with LTC so I think this is not the time for altcoins yet but for sure when it comes, LTC will join the up trend as well so there’s a chance.

hulla

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Quote from: Tytanowy Janusz on December 27, 2020, 04:20:37 AM

Litecoin was a big thing in 2015-2017. Its not now. Its slowly dying.

The reason why it slowly dying is because of Charlie Lee public declaration of selling all his holding and major investors decided to sell their holding either to avoid exit scam since the coin creator decided to sell his holding.

Quote from: Tytanowy Janusz on December 27, 2020, 04:20:37 AM

I don't see a reason to have it. Of course it may change ... maybe "safe haven investors" that will came here for bitcoin will try to search a "crypto silver" and go for litecoin as for years it was considered a digital silver for crypto community, but I doubt that.

If we consider the concept of the coin, theres a reason to have it cause it was a lite version of Bitcoin and thats why the crypto community considers it to be crypto silver until Charlie blows it. But the project teams have developed MimbleWimble which will make the coin to be an option for privacy transaction.

kapalmabur

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Activity: 2002

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Litecoin will not fly, but it will go over the month, yeah, Litecoin is part of a big altcoin or top altcoin project,
which Litecoin always follows when bitcoin dominance drops then altcoin prices will go up, and LTC is an option,
don't miss it, buy it and don't sell it before the price reaches $ 200 and above.

Bamelin

jr. member

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Let’s take a look at the LTC/BTC pair. The chart below shows the current 4 year LTC/BTC price (2017 - 2021) in yellow with the previous 4 year LTC/BTC cycle (2013-2017) overlaid.

Chart
https://imgur.com/gallery/gvE72dQ

If the cycles continues I expect a 4-5x rise against bitcoin in the next couple of months.

Credit to MasterCryptoSignals for charts and analysis.

Om.monata

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it seems that for altcoins there is still a moment to pump higher. Litecoin has the potential for that, but hopefully the hope for the Litecoin pump will come soon and it can last a long time. because if you look at the potential for litecoin, it is very good in crypto, it just doesn't experience pump prices. So that's what the Litecoin revival lacks

desciglio2

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Recently, Litecoin made the biggest attack after Bitcoin. Bitcoin Cash goes great with Litecoin. When Bitcoin reaches a certain saturation, people can turn to Litecoin. Better days await Litecoin

Fredomago

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having a $375 All Time High ,Reaching 600$ level is not far to achieve , Remember after Litecoin was been Sold ,The LTC network Subside and almost lose track , in 2019 they Start to Make a change By Introducing New LTC LOGO in which i though will be the Start of the comeback but after a while becomes silent again.
But Now that PayPal Added Litecoin from Bitcoins acceptance ? and this Silent Bullying recently ,Hitting more than 50% increase in 7 days .
No wonder that there is something Good cooking inside Litecoin platform.

i have few LTC that i kept the Hold after the Value Fells badly in 2018 , and now there's no regret because at last LTC breaks 100$ again and seems like continuing together with bitcoin.

Tytanowy Janusz

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Quote from: Bamelin on December 27, 2020, 02:12:44 AM

Look again at the average LTC/BTC ratios since 2011 - https://imgur.com/a/9sdxuON

"Past performance is not indicative of future results”

Litecoin was a big thing in 2015-2017. Its not now. Its slowly dying. I don't see a reason to have it. Of course it may change ... maybe "safe haven investors" that will came here for bitcoin will try to search a "crypto silver" and go for litecoin as for years it was considered a digital silver for crypto community, but I doubt that.

If you are sure about BTC gains and want to earn more go with x2 leverage instead of gambling with altcoins.

GreatArkansas

legendary

Activity: 2506

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What I can see is also the same with major altcoins, just like Ethereum. If you compare the all-time-high of Litecoin when Bitcoin reached it's all-time-high last 2017. It's total different this time, Litecoin still in loss at around 60%+.
That's why I can say is there's still a lot more room to pump if ever we will visit again the all-time-high. But be careful this time since if Bitcoin is dumping Litecoin too, so it's kinda difficult to reach the ATH in a short period of time.

Bamelin

jr. member

Activity: 42

Merit: 1

If BTC goes X 4 to 100,000 USD this bull run cycle (very plausible imho) and the LTC/BTCratio stays the same as RIGHT NOW at 200 LTC = 1 BTC that puts LTC at $500 USD a coin

Using same target assumption that 1 BTC = $100,000 USD
At 151 LTC for 1 BTC = $662 USD per coin
At 125 LTC for 1 BTC = $800 USD per coin
At 100 LTC for 1 BTC = $1000 USD per coin
At 60 LTC for 1 BTC = $1666 USD per coin

Look again at the average LTC/BTC ratios since 2011 - https://imgur.com/a/9sdxuON

LTC has been WAY under the current 200 ratio for the vast majority of the coins history.
If you believe BTC will crest $100,000 USD this cycle we are looking at worst $500 USD a LTC and much much better if the ratio improves.

The only caveat is that if the ratio gets much worse. But again, history of the ratio says that is unlikely. If anything LTC is at a historically high ratio and it’s about to improve.

With that said, Litecoin's value proposition:
High liquidity & on every exchange
number 2 supported on ATMs
350m @PayPal users
$104m @Grayscale LTCN trust
99% Scrypt hashrate dominance
MWEB fungibility/privacy
Low fees & fast txns
$500b+ value transferred
9+ years w/ zero downtime

https://twitter.com/SatoshiLite/status/1340864115628130305?s=20

Litecoin also appears to have cycles as shown in the diagram here: https://imgur.com/a/vvSvulH

While the future isnt always the same is does often rhyme.

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