Topic: LTC round 2 begins? - page 4. (Read 8689 times)
Untill full implementantion of segwith and a couple of months to pass we ain't gonna see a rise on ltc imo .
Since when are you trading btw ?
Thought you never cared about buying/selling coins.
the pump and dump and seeing all the profit missed out on can drive any man or woman to do all sorts of crazy things Thought you never cared about buying/selling coins.
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I still don't get why Litecoin hashpower differs from bitcoin ? I mean all those big bitcoin miners could basically do whatever they want with litecoin, couln't they?
they can but it is all about the profit. when you get bitcoin block reward you are getting $15,250 to $17,000 money which is about 70% profit after the costs. and that reward also has a lot of potential of going up in USD value as we have been seeing for the past years.but with litecoin you only get the reward * ~$4 which is a lot less. so it is not worth dedicating your hash power to it that much.
Well FUCK I panic sold when I woke up at around 81 with like 10% loses, im fucking done and im not getting back in unless the price looks like a bargain.
Similar story here, panicked to quick. Segwit signaling will become the new market manipulation lever.and as the Segwit signaling reached 71% yesterday the Litecoin price still
hovered between $8 and $9. so to me it looks like that little flutter by the miners
signaling possibly didnt have the effect they thought it might have.
Is it possible that people joined the rise at the start of the Segwit hype and have
since redirected their funds elsewhere? and Loosing interest and faith in the whole Segwit hype.....
They said SW won't be used in LTC. Now altcoins with SegWit feature are hype a lot, LTC VTC do not signal it now. But Stratis the coin already implemented SegWit is still not pumping with Segwit hype. https://twitter.com/Yzord/status/851493979598315520
there is no reason to be afraid while there is stop limit order option in poloniex... 
How do you even evaluate these things and the only thing i could see is that there was a increase in the price from the stable state and considering the rest of the coins where almost all of the coins had a good rally without any substantial reason i wish litecoin do have a good pump ,when do we see another round in your opinion.
It's the classic mistake to be scared and sell at the worst possible moment. I thought about it too but I told myself there were way more chances that LTC gets back higher than dropping even more.
if the price stays over the blue line then it will go up again fast i think. if not then we will see a slow downtrend.
come on LTC. i really would like to make some money. i bought under 4$.
come on LTC. i really would like to make some money. i bought under 4$.
It goes up , only to fall down even deeper.
I don't see it going below 700k, and if it does I doubt it will last long. Might be a good time to re-up
yes mate, its still 700k and its resisting to fall down much deeper for those who can buy more its time for buying those cheap ltc and hold for a while there's a lots of chances to see the price to go up some more, i'm trying to buy little by little inside yobit and keep checking the price inside polo to make sure that price still reasonable. The volume on LTC is building. LTC has far too high of volume lately to stay so undervalued. The pressure is building. Also, fiat is coming into LTC via Coinbase, so that in my mind is enough to push LTC's price up regardless of SegWit activation.
The volume is indeed insanely high.
...
I can't see LTC not going up again
when price is changing volume goes up too, it doesn't matter if it is changing for the better or for worse (down or up) and it only shows people who are making trades to take advantage of the changing price in short term aka day trading. and you can't say it is positive. and in this case the high volume shows a massive dump in the past 24 hours.
what is positive and shows good signs is when price is stable or with little change but the volume is high which shows accumulation with smart money coming in without anybody noticing.
i am not saying litecoin can not go up again, i am saying your conclusion is wrong.
The volume is extremely high but it is not a panic waterfall collapse. That to me is very bullish. It indicates to me the smart money is trying enter at the lowest price they can before the next blast off.
Nearly all the altcoins are down because the market is confused and thinks that Blockstream has defeated Jihan Wu's BU, but I expect BTC is topping out at $1200 (range bound as I predicted many days ago) once the market realizes that this BS about SegWit signaling on Bitcoin gaining momentum is nonsense. Bitcoin will never get scaling. The market will digest this, Bitcoin will stumble and Litecoin will rocket up.
The market is stupid because Bitcoin will actually benefit from scaling on Litecoin, but the market has to go through its gyrations. In any case, my thesis is Bitcoin remains range bound until Litecoin catches up, because the charge says "It Is Just Time" and because Bitcoin can't move up until there will be scaling in the Satoshi's PoW ecosystem. Litecoin will get it, Bitcoin won't, but that it is a good thing for Bitcoin. Market doesn't realize any of this yet, but the smart money does.
Channels are important and to me the market says this is not an issue. The thick blue line in the LTCBTC chart is the long-term downtrend from the 2013-2015 highs. This run should go to 0.015 at a minimum. I also consider this to be a stair-step advance where the decline is not enough to allow solid entry points, but sufficient to force weak holders into panic selling.
Additionally, markets like to fill the gaps seen on the downward move in the LTCBTC chart, so we should come back up to at least close those.
We have until April 10th for the long-term downtrend and the bottom of the current channel to force a direction. There is likely to be a decisive move over the weekend, which I expect to be positive.
I would sell some if 0.00855-0.00865 is broken, and most if 0.00775 is breached.
Additionally, markets like to fill the gaps seen on the downward move in the LTCBTC chart, so we should come back up to at least close those.
We have until April 10th for the long-term downtrend and the bottom of the current channel to force a direction. There is likely to be a decisive move over the weekend, which I expect to be positive.
I would sell some if 0.00855-0.00865 is broken, and most if 0.00775 is breached.
We are still within the channel!
Not really:
We are rather in the blue channel right now :
Since when are you trading btw ?
Thought you never cared about buying/selling coins.
First time i see you bullish on something apart from your own coin
Actually this must be either real bullish , or doom.
I still don't get why Litecoin hashpower differs from bitcoin ? I mean all those big bitcoin miners could basically do whatever they want with litecoin, couln't they?
You do not have to be expecting too much LTC. The transaction volume is high because it is just an old coin.
That's true because it is the oldest coin and but looks like some parties are preventing the segwit to be activated in the future. We are all on the market has played by the whales and troll twet from the Chinese miners.
As of right now I fail to see how segwit can activate on LTC. Like I said before, LTC needs 2 weeks of steady 75%+ signaling. Jihan should have enough to push it back down, and 2 weeks is enough to organize a counter attack where he is able to stack enough hashrate to fuck things up by going below 75% again, just for a moment and then the counter goes back to 0. So how are we going to get past Jihan's ASIC blocking?
I think UASF is the only way, and if UASF is used in Litecoin before Bitcoin, then that is a good reason for a pump. But activating it with hashrate? im not sure.
What fucks me up is the fact that AT ANY MOMENT any of the big time miners can tweet and send the price to hell at will. This is just nuts. I can't sleep when I know that.
I think UASF is the only way, and if UASF is used in Litecoin before Bitcoin, then that is a good reason for a pump. But activating it with hashrate? im not sure.
What fucks me up is the fact that AT ANY MOMENT any of the big time miners can tweet and send the price to hell at will. This is just nuts. I can't sleep when I know that.
I don't know if all developing effort that is currently on BTC will automatically go to LTC because it had SegWit activated. I believe that it will add more gas to the fire and the discussion will intensify, but almost everyone that is doing business with BTC will remain inside this boat.
SegWit is catching up once again. We're at 66%.
Quite possible big pools are using it to make free money. A SegWit activated Litecoin is definitely worth a lot more than $8.50.
Everyone involved please consider running a node for a while to make the user activated soft fork happen.
Quite possible big pools are using it to make free money. A SegWit activated Litecoin is definitely worth a lot more than $8.50.
Everyone involved please consider running a node for a while to make the user activated soft fork happen.
You do not have to be expecting too much LTC. The transaction volume is high because it is just an old coin.
old coins which still have a very high transaction volume show that they are still strong and around. a new coin having high transaction volume only shows a temporary hype.
but with LTC that shows some real usage for this coin.
you can check other old coins and many of them which disappeared even. it is very hard to stay around and stay useful in altcoin market which everything is being pump and dumped.
You do not have to be expecting too much LTC. The transaction volume is high because it is just an old coin.
Or transaction volume is high because old bag-holders are taking the opportunity to cash out...
I don't see it going below 700k, and if it does I doubt it will last long. Might be a good time to re-up
Yes. it's on high rally, guy. Just buy more cheap ltc coins and hold it during at least 3 months and you will get big profits then.
You do not have to be expecting too much LTC. The transaction volume is high because it is just an old coin.
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