[LTC] What are the reason behind recent LTC rise?

thangoffshore

full member

Activity: 252

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Quote from: FromTheStars on July 05, 2017, 10:16:28 PM

LTC will always move with Bitcoin. Just like everything else. When you have 40% of the total market share of 100bln, you're not going anywhere anytime soon. Also since crypto has already secured 1% of all the world's cap. Crypto isn't going anywhere either. 1% of the world is a lot.

1% of the world is quite big, huge actually, and there are a lot potential. Imagine what would happen when major banks and financial entities join the game.

Some already joined.

FromTheStars

newbie

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LTC will always move with Bitcoin. Just like everything else. When you have 40% of the total market share of 100bln, you're not going anywhere anytime soon. Also since crypto has already secured 1% of all the world's cap. Crypto isn't going anywhere either. 1% of the world is a lot.

Sikka157

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Quote from: thangoffshore on July 05, 2017, 10:10:24 PM

Quote from: Sikka157 on July 05, 2017, 01:12:14 PM

I think litecoin will reach $100 soon. I just added 10 more LTC at $47 and will buy 10 more.

From which exchange you got this price bro?

It's $5x at major LTC exchanges.

I bought litecoin for $47 each at coinbase.com
the price of LTC is $52 at coinbase right now. Grin

thangoffshore

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Quote from: Sikka157 on July 05, 2017, 01:12:14 PM

I think litecoin will reach $100 soon. I just added 10 more LTC at $47 and will buy 10 more.

From which exchange you got this price bro?

It's $5x at major LTC exchanges.

Sikka157

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Activity: 378

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I think litecoin will reach $100 soon. I just added 10 more LTC at $47 and will buy 10 more.

ROT13

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Activity: 169

Merit: 100

Second longest chain after bitcoin, with none of the scaling and blocksize issues. That in itself deserves at least a 200 dollar valuation in the current market. Still way undervalued.

JosNekoKopa

sr. member

Activity: 476

Merit: 250

What was reason for people to think that LTC won't show up in its full shine? I remember how it was crucified as worst coin, waste of time, Chinese abandoned pnd coin..Look it now! How far it will go nobody knows, but one is certain LTC is top coin!

Hui8

sr. member

Activity: 602

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I thought Lee is very busy person to get to promotions of LTC. Its goof thing that LTC is now growing. Go LTC we wanna see you catch BTC in the future. After all they say slow and steady wins the race.

xianbits

sr. member

Activity: 910

Merit: 257

At some point, a little bit in my mind says maybe this is how people handles the August 1 issue of bitcoin. Maybe, some are holding altcoins for now since we can't know what will really happen after August 1. And since litecoins are too promising that most choose to hold this more than some altcoins. Does it make sense or I'm just having an irrelevant reasoning here?

Sludjo

newbie

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Merit: 0

I thought I'd be smart and short ltc at .0216, closed at .0210 when I noticed the huge orders building on both sides. At least I didn't lose, just time i guess as i didnt make much either. I thought it was gonna drop like a rock, maybe it still will, maybe it won't. JFC, when will I learn not to short a bull market!

shyliar

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Quote from: andylittleton on July 04, 2017, 09:42:55 PM

I believe part of the reason for the rise is because btcc (dax) exchange just got launched by Charlie Lee brother Bobby Lee. I feel smart traders are pre pricing in early for the event when Litecoin gets to be traded on BTCC (Dax)

When looking at the btcc website it looks exactly like coinbase and gdax. This is pretty much the coinbase of china it appears. Website looks slick and usa friendly to use.

The exchange btcc has been up and running for many years. It was founded in June 2011, it was the China's first bitcoin exchange. So it has nothing to do with it.

btcc did recently open a new mining pool in China which so far has attracted very few miners. It is hoped that it will attract some miners from f2pool to better balance miner distribution.

https://en.wikipedia.org/wiki/BTC_China

andylittleton

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I believe part of the reason for the rise is because btcc (dax) exchange just got launched by Charlie Lee brother Bobby Lee. I feel smart traders are positioning in early for the event when Litecoin gets to be traded on BTCC (Dax)

When looking at the btcc website it looks exactly like coinbase and gdax. This is pretty much the coinbase of china it appears. Website looks slick and usa friendly to use.

shyliar

hero member

Activity: 728

Merit: 500

Quote from: niceli on July 04, 2017, 05:52:50 PM

I am guessing some hype is also due to the MIT announcement?
http://litecoin.mit.edu/

Doubt it, since that website has been discredited by Charlie Lee.

https://twitter.com/SatoshiLite/status/882056712676442112?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fbitsonline.com%2Flitecoin-amazon-good-news-lee%2F

PoolMinor

legendary

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XXXVII Fnord is toast without bread

Quote from: que91 on July 04, 2017, 11:47:32 AM

Quote from: sfa00076 on July 04, 2017, 04:18:25 AM

What are the reason behind recent LTC rise? Huh

Some news say LTC can reach 3 digits (USD) in September with some reason can't disclosure. But they sure 100% LTC will reach three digit USD in long-term and can compete with ETH in next time, this is the news I know in 3 days ago, before the price rasing up

I said earlier this year we would get to $75 by the end of the year.
https://bitcointalksearch.org/topic/m.17444324
It may come earlier than previously anticipated.

Classic Cup and Handle formed. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation

grapevin

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Merit: 100

I collect coins and tokens. HODL!

just sold ltc $51.50
will buy again lower

jbl888

member

Activity: 97

Merit: 10

Also Clif High has predicted big gains in LTC the remainder of this year while ETH sloshes a little due to it being overused for ICO's

Check in on the latest on Twitter: @Clif_High

Or his website halfpasthuman.com for Wealth Reports each month (sometimes more often) for $99

Clif has personally made me a fortune and we're just getting started with Cryptos ...

Cool

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

Good points already listed but it should've been obvious that once the segwit signaling chatter was going on that a breakout was imminent. Told everyone in the past ltc threads, when it was in the $3 range, that they better stack up. Congrats to those that payed attention as your profit margin is magnificent and up we go. Bitcoin is going to be the wealth storage protocol while Litecoin will become the transfer payment method of choice and will rival Dash and Eth going forward. Between now and the end of the year: the stairway to Heaven has opened its pearly gates.

aoluain

legendary

Activity: 2282

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Quote from: o0‡0o on July 04, 2017, 09:53:57 AM

It has started to rise because:

It has:
Google the Litecoin roadmap 2017 or https://litecoincore.org/
Litecoin is releasing the lightning network soon
Smart Contracts are coming to Litecoin
Anonimity is coming to Litecoin in steps beginning with the amount sent obfuscation
Atomic swaps is coming (like shapeshift but without needing to use shapeshift)
"Tether will be issuing USDT on Omni on Litecoin"
MASK (Demo imminent any minute)
It is decentralized
Fair release, many appreciate the fact of no ICO, Premine, Instamined, Nijamined.... Litecoins
Neither Charlie Lee (the creator) or the developers hold the majority of coins (eth is being held 75% by creator and devs)
There is max 84 million Litecoins and no more. Ethereum, Doge, Infinitycoin..... have an infinite supply
There is no risk of forking the network (like with ethereum or bitcoin)
Low fees to send money around
Liquidity, volume has remained high month after month for years
Charlie gone "all in"
The community is awesome it also helps when consensus is needed.
Telegram chat 24/hr awake
RSK
Yours.org
Bitgo added Litecoin (A Billion Dollar e-commerce)
No Blockchain bloat
Stability
Fast confirmation times.
Blocks are not full
Capable of eight times as many transactions as Bitcoin in a ten minute period.
The faster block time of litecoin reduces the risk of double spending attacks.
Anti-spam
It's primary function is to be a cryptocurrency
Continuous development look here at number of releases in past few years: https://github.com/litecoin-project/litecoin/releases
The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
Still mineable in many western countries even after electrical costs are factored in. Many low value coins can be merge mined with it increasing profits for miners.
It will always maintain the integrity of the blockchain (no hard forks for special interests).
Potential of using the Lightning Network as a method of increasing transactional capacity.
Supported by a growing number of merchant payment processors.
Longevity
The possibility of utilizing sidechains for smart contracts without the possibility of corrupting the original non-turing complete blockchain.
Unlike bitcoin, it is possible to make changes to Litecoin (SegWit archived almost 100 percent consensus).
Fast well established network.
Security. Litecoin has the same security that Bitcoin
Most popular 24h trade on shapeshift is ETH -> LTC

Have you seen the lite ?
.

Oh yes I have seen the Lite for sure
and Im still looking at the lite as it shines brighter and brighter Grin

Great post above, everything you need to know about litecoin in one post.
this should be stickied somewhere for all to read and get into.

niceli

full member

Activity: 197

Merit: 102

I am guessing some hype is also due to the MIT announcement?
http://litecoin.mit.edu/

shyliar

hero member

Activity: 728

Merit: 500

Quote from: sanbashiyi on July 04, 2017, 05:18:27 PM

Quote from: cnmgfb on July 04, 2017, 04:24:06 AM

Lee is in China promoting the coin

yes this is the main reason , Lee is the dev of litecoin and he pay his fulltime to dev the coin now

The LTC foundation did hire a full time developer. I understand that Charlie is paid one LTC a month as Managing Director. I haven't read anything to indicate that he receives more than that amount.

https://litecoin-foundation.org/finance/

Edit: It would be interesting to know how much the Ethereum Platform developers are paid (including summer bonuses) as well as the many ICO developers. For comparison purposes.

Topic: [LTC] What are the reason behind recent LTC rise? (Read 3419 times)