LTC retracing back to support line? - page 2.

ebrain

newbie

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Quote from: Herbert2020 on May 14, 2017, 12:42:05 AM

well i believe litecoin is mostly a testing ground for bitcoin, let the SegWit work on it for a while and then let all the other additional features be added such as LN and if successful they will be added to bitcoin and litecoin will be back to being just the copy and nothing more.

Thanks for explaining that. I always wonder why Litecoin is so undervalued as compared to Bitcoin. Does it not have enough miners or developers to make it an alternative to Bitcoin ?

LN can add a price boost again, what time frame can that occur, a few weeks from now or months?

Herbert2020

legendary

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it is 3 days after the end of the dump so i think we are in the safe zone Wink

the volume looks good and i don't think the pump is over yet, don't forget that price went up 600+% and it needed to get dumped. i don't think it can get dumped lower than 0.015BTC unless some weird news comes out.

Quote from: ebrain on May 13, 2017, 09:29:43 PM

Does it mean Litecoin could be widely used to transmit payments like Bitcoin?

For BitCoin there are vendors accepting it, ATMs, and some countries widely recognizing it but not such luck for Litecoin yet!

well i believe litecoin is mostly a testing ground for bitcoin, let the SegWit work on it for a while and then let all the other additional features be added such as LN and if successful they will be added to bitcoin and litecoin will be back to being just the copy and nothing more.

ebrain

newbie

Activity: 28

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Does it mean Litecoin could be widely used to transmit payments like Bitcoin?

For BitCoin there are vendors accepting it, ATMs, and some countries widely recognizing it but not such luck for Litecoin yet!

dennyd999

full member

Activity: 238

Merit: 100

Quote from: eaLiTy on May 13, 2017, 06:05:44 PM

I am really disappointed with the performance for litecoin after the activation of Segwit as i did purchase a handful of coins when the price was around the range of 0.018 and 0.022 ,expecting the coin would move to higher valuation because that is what i was seeing in some of the other coins and i really wonder what makes litecoin to go down after activation of segwit.

You make decision very fast. It is only 2 days left.

Litecoin with Segwit and incoming add-ons is a real gem.

Unbelivable that we made this! Yes! Segwit is active, Lighting Network is coming. Developers are from Blockstream. LTC is on Coinbase! Dreams become true Wink

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

I am really disappointed with the performance for litecoin after the activation of Segwit as i did purchase a handful of coins when the price was around the range of 0.018 and 0.022 ,expecting the coin would move to higher valuation because that is what i was seeing in some of the other coins and i really wonder what makes litecoin to go down after activation of segwit.

dennyd999

full member

Activity: 238

Merit: 100

Quote from: pipoinzaghi on May 12, 2017, 04:37:55 AM

As I didnt buy it when it was 1 usd because I didnt see what special value ltc would have over btc, it feels harsh for me to buy it now with a value of 30 usd. So i will never buy it

Oh man cmon if you was not able to buy cheap its not the reason not to buy at all.

I am almost sure LTC is a future for payments. Everyday payments.
I allready bought some and will "forget" for long time about it. In some years it will cost a lot more than 30$.

Coinbase,Segwit is only begining.

Next to come Lighting Network! Buy before it hits ATH.

After it RSK - smartcontracts

Than MAST..than confidential transaction.

Can you belive it??? Segwit and all other future will make Litecoin in top of all available coins..

) you just not realised it potential. Do not be foolled by whalles of the price.

All yammies,all the best for Bitcoin will be on Litecoin.

30 is reaaly cheap now.

Zegra

member

Activity: 112

Merit: 10

Looks to me Litecoin is just following Bitcoins moves now. If Bitcoin takes a dip so does Litecoin. They rise together too. Guess the LTC/BTC rate on the exchanges is what decides its value now. For LTC to make rises on its own, there has to be a reason for its value to rise over the BTC (news or so). BTC looks like it's back on an upwards trend, and so does Litecoin again probably.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: dennyd999 on May 12, 2017, 06:56:55 PM

Quote from: WarrEagle on May 12, 2017, 02:32:57 PM

Quote from: BitcoinHodler on May 11, 2017, 08:22:38 AM

yesterday when i saw the other topic about litecoin and "sell the news" about SegWit thing i placed a couple of orders at different prices but when i saw the ~100BTC in front of my first order vanish after a short while and also saw the orderbook in that picture i linked, i decided to change things around a bit.

sadly my 0.013BTC order is not yet filled but at least i got some orders filled, the lowest it went was 0.0157BTC on bittrex i guess and it doesn't seem to be going any lower for the time-being.

and i think the 0.013BTC that happened on 9th was the worst case scenario of dumping and mostly because of poloniex mass panic because of all other alts dumping!

It only hit .013 on Polo due to their inability to keep their platform stable. The ripple effect was stong.

0.013 are you mad or something?

To go to 0.022 - 0.025 again?

This possible only in dreams.

Do not underesteemed Litecoin with Lighting Network it will hit ATH..Realisticaly no lower than 0.016..0.015 is a luck allready.

Yes, the 0.013 dip was triggered by the panic selling people on Poloniex as they say the site constantly going down for mainteinance due the DDOS attacks and people selling their margins, but don't understimate the psychological factor of technical analysis. What I mean by this is, a lot of people is now expecting a 0.013-0.014 retest only because we tested it already.

dennyd999

full member

Activity: 238

Merit: 100

Quote from: WarrEagle on May 12, 2017, 02:32:57 PM

Quote from: BitcoinHodler on May 11, 2017, 08:22:38 AM

yesterday when i saw the other topic about litecoin and "sell the news" about SegWit thing i placed a couple of orders at different prices but when i saw the ~100BTC in front of my first order vanish after a short while and also saw the orderbook in that picture i linked, i decided to change things around a bit.

sadly my 0.013BTC order is not yet filled but at least i got some orders filled, the lowest it went was 0.0157BTC on bittrex i guess and it doesn't seem to be going any lower for the time-being.

and i think the 0.013BTC that happened on 9th was the worst case scenario of dumping and mostly because of poloniex mass panic because of all other alts dumping!

It only hit .013 on Polo due to their inability to keep their platform stable. The ripple effect was stong.

0.013 are you mad or something?

To go to 0.022 - 0.025 again?

This possible only in dreams.

Do not underesteemed Litecoin with Lighting Network it will hit ATH..Realisticaly no lower than 0.016..0.015 is a luck allready.

WarrEagle

hero member

Activity: 663

Merit: 501

Quote from: BitcoinHodler on May 11, 2017, 08:22:38 AM

yesterday when i saw the other topic about litecoin and "sell the news" about SegWit thing i placed a couple of orders at different prices but when i saw the ~100BTC in front of my first order vanish after a short while and also saw the orderbook in that picture i linked, i decided to change things around a bit.

sadly my 0.013BTC order is not yet filled but at least i got some orders filled, the lowest it went was 0.0157BTC on bittrex i guess and it doesn't seem to be going any lower for the time-being.

and i think the 0.013BTC that happened on 9th was the worst case scenario of dumping and mostly because of poloniex mass panic because of all other alts dumping!

It only hit .013 on Polo due to their inability to keep their platform stable. The ripple effect was stong.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: vsyc on May 12, 2017, 10:58:12 AM

Quote from: thejaytiesto on May 12, 2017, 10:39:51 AM

Quote from: BitcoinHodler on May 12, 2017, 07:54:34 AM

Quote from: thejaytiesto on May 11, 2017, 09:30:57 AM

Unfortunately, my buy order was set at 0.0147... so I woke up with an unfilled order.

that is why you spread the orders.
do what i did (read your above comment) place some orders at different levels with different amounts that you feel are best suited to spread then this way you have a better chance of getting at least something out of the dips.

remember that this is only good when you have confidence in future price rise but it won't work if market is on a dumping spree which each dip being lower than the other.

I've found that it puts too much psychological stress having different entry orders because I have to keep track of all of them. I like to have a single price to worry about and going all in at a pretty conservative price can work out. My buy order right now is set at 0.0143. Im hoping that we will retest 0.0131 for a double dip then a recovery where I would sell at around 0.0165 before I decide if I want to keep holding this or not because I fear a big dump before long term recovery.

Why it should dump? based on what?

Well, usually when support lines are broken people tend to panic sell. Anything can happen tho, but if the lowest we go is 0.0135 ish then it's good news, if we go lower then the current channel would be broken and some may decide to panic sell. Im keeping my buy order at around medium 0.145 and hoping we dip again on there as the initial hype of segwit fades until we get more LN news.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Zegra on May 12, 2017, 08:24:23 AM

Is there an ETA for when lightning network news will hit in, when it will become available, etc

Major Milestone: The First Lightning Payment on Litecoin pays from Zurich to San Francisco

https://blockstream.com/2017/05/11/lightning-on-litecoin.html

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: thejaytiesto on May 12, 2017, 10:39:51 AM

Quote from: BitcoinHodler on May 12, 2017, 07:54:34 AM

Quote from: thejaytiesto on May 11, 2017, 09:30:57 AM

Unfortunately, my buy order was set at 0.0147... so I woke up with an unfilled order.

that is why you spread the orders.
do what i did (read your above comment) place some orders at different levels with different amounts that you feel are best suited to spread then this way you have a better chance of getting at least something out of the dips.

remember that this is only good when you have confidence in future price rise but it won't work if market is on a dumping spree which each dip being lower than the other.

I've found that it puts too much psychological stress having different entry orders because I have to keep track of all of them. I like to have a single price to worry about and going all in at a pretty conservative price can work out. My buy order right now is set at 0.0143. Im hoping that we will retest 0.0131 for a double dip then a recovery where I would sell at around 0.0165 before I decide if I want to keep holding this or not because I fear a big dump before long term recovery.

Why it should dump? based on what?

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: BitcoinHodler on May 12, 2017, 07:54:34 AM

Quote from: thejaytiesto on May 11, 2017, 09:30:57 AM

Unfortunately, my buy order was set at 0.0147... so I woke up with an unfilled order.

that is why you spread the orders.
do what i did (read your above comment) place some orders at different levels with different amounts that you feel are best suited to spread then this way you have a better chance of getting at least something out of the dips.

remember that this is only good when you have confidence in future price rise but it won't work if market is on a dumping spree which each dip being lower than the other.

I've found that it puts too much psychological stress having different entry orders because I have to keep track of all of them. I like to have a single price to worry about and going all in at a pretty conservative price can work out. My buy order right now is set at 0.0143. Im hoping that we will retest 0.0131 for a double dip then a recovery where I would sell at around 0.0165 before I decide if I want to keep holding this or not because I fear a big dump before long term recovery.

Zegra

member

Activity: 112

Merit: 10

Is there an ETA for when lightning network news will hit in, when it will become available, etc

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

Quote from: thejaytiesto on May 11, 2017, 09:30:57 AM

Unfortunately, my buy order was set at 0.0147... so I woke up with an unfilled order.

that is why you spread the orders.
do what i did (read your above comment) place some orders at different levels with different amounts that you feel are best suited to spread then this way you have a better chance of getting at least something out of the dips.

remember that this is only good when you have confidence in future price rise but it won't work if market is on a dumping spree which each dip being lower than the other.

ridery99

hero member

Activity: 616

Merit: 500

Quote from: pipoinzaghi on May 12, 2017, 04:37:55 AM

As I didnt buy it when it was 1 usd because I didnt see what special value ltc would have over btc, it feels harsh for me to buy it now with a value of 30 usd. So i will never buy it

Good choice.

pipoinzaghi

full member

Activity: 143

Merit: 100

As I didnt buy it when it was 1 usd because I didnt see what special value ltc would have over btc, it feels harsh for me to buy it now with a value of 30 usd. So i will never buy it

groko271

hero member

Activity: 790

Merit: 505

I've seen a small dip due to some profit taking. Since segwit it feels like everyone is watching to see what happens, both sellers/buyers.
If it drops another 10% I think the remaining profit takers may cut their losses and dump away.... It could go below 0.01or even lower, but for now it looks like there's plenty of support well above that. In the long run though, it's up and up imo.

It's interesting to watch.

ePesoInitiative

sr. member

Activity: 924

Merit: 260

Buy the rumor, sell the news. Grin

Topic: LTC retracing back to support line? - page 2. (Read 3123 times)