Topic: Speculation Litecoin Prices Rises Higher Before Second Halving Reward (Read 606 times)

Litecoin profit is 300% since the new year, halving in the next few days. Bitcoin over 100% profit, halving in a year.
But look at other altcoins, sleeping. Is really halving such great fundament that only these two cryptocurrencies grow?

Reverend!   

So eth for you is overvalued, so let's see the data, eth hit $1400 when block reward was 5 eth, now block reward is 2 eth, that means if eth hit $1400 usd when it was 5 per block, now 2 per block means 60% more, so by calculating eth had 2 halving and ltc is just getting through one right now and eth is being sold for $250 usd and you think eth is overvalued, ltc at highest got to $300 when btc was $20k and right now is at 50% almost closing $150. ETH on another end is not even close to its 50% value $700 and you think eth is overvalued. You are even mindless than trolls, you are a new mindless creature to think that, if you ignore math and data then that means you are not being impartial here.

So when I said something based on math, logic and how the market gone through, you just threw everything into the bin, amazing.


At that time, there was no dapp coin, eth, and nothing that could be used by banks, xrp, so long story short, new cryptocoins were created for a selected market and ignoring that is a mistake. ETH has a place, major dapp coin, xrp has a place, major coin used by banks, btc has a place, value storage, monero xmr has a place, major privacy coin, all other coins are pump and dump and if you ignore that then you are not seeing things right.

Now as I said before, which coin will be the most used in future? In my opinion will be digital applications and at moment eth dominates that area of expertise. Will the other major coins die, hell no, if there is a use for it then it will never disappear.

I find that assumption hard to believe and that it will not likely to happen, instead we could assume the price correlation of BTC to other cryptos including LTC that its price will be more likely to rise with its impending halving and if BTC continues to rally in a bullish fashion.

Do not forget that Litecoin was in second place in terms of capitalization for a long time. This suggests that this coin has loyalty among investors, because it has historical significance. The project is also developing, and I think it will still be able to compete in the future for the first places of the Coinmarketcap.

Bitcoin is going down and litecoin is going up. Seems like people are wising up to what is going to happen $200+ for litecoin is almost a certainty, even in a bear market ltc is pumping

Data from Coinlib shows that the LTC is at the receiving end of Bitcoin (BTC) and Tether (USDT). Some funds also come from Ethereum (ETH), which increases the price in equivalent dollars. However, the fiat trade and the possibility to sell LTC are smaller. More than 46% of LTC trade is against USDT, according to CryptoCompare data.

I've got a buddy with a large data hall and hundreds of L3+'s of his and others. The $$ they have been making from $80 LTC till the $135 LTC

is more or less the same. In selling LTC to pay bills etc. You also have to realize as LTC goes up in price, everyone is turning on their OLD

equipment. Indeed, I have 8gh at 12,800 watts at 12c kWh not worth turning on yet vs just buying LTC. (would be almost a 10% return of electric used)

So, we could very well need to hit $175 LTC to make it worthwhile and get everyone back on board. (At least in the Bitmain L3+ world) in order

for the difficulty to maybe level out, for say 6-8 months till new, better LTC ASIC's come into play. My only hope for turning my 'beasties' back on.

my view anyway

later

Brad

Not sure if selling 'right now' would be a better choice, as on days before halving market probably gonna react and that would be more better chance to sell imo (you can always get back in later if you want).

I think Ethereum is overvalued. Once the hot air gets out of the balloon, it will head down to earth big time. At some point in time some other altcoin will overtake ETH.

for litecoin and $ 100 is not the price, I think the new year litecoin will reach the mark of $ 300. and I think that it's flowers

Most cryptocurrency who had undergone rewards halving seems to always follow the law of supply and demand that some people are already speculating on this event and some might think it is  good investment opportunity but of course we all need to be cautious on every investments we do and conduct due diligence first before anything else.

In this day and age, I would not be concerned about eth's blockchain size, second, while lack privacy features is bad for some, is good for others, reason why eth got the okay from sec.

https://finance.yahoo.com/news/sec-suggests-ethereum-usable-currency-135740134.html

If a coin wants to be the global leading digital application then it must conform to regulations is the top priority.

And third, all my transactions to date, never took more than 15 seconds to be sent and received and I have done thousands of transactions already.

And fourth, want privacy? go and use monero, there is nothing better than that and I also think monero is undervalued but that is me.

I somewhat agree with Metroid.  I don't think LTC is overvalued, but I do think ETH is undervalued.  I like both but I am heavier into ETH.  GO ETH!

Whilst I agree with your assessment of LTC, I disagree on this trolling statement of yours.
Just try to sync the bloated Ethereum blockchain. Just try it.

Then talk to me about 15 second transactions.

Furthermore, ETH lacks privacy features. Like all of them. In the world we live in, don't think for an instant that this isn't something that's only going to gain massively in importance going forward.

But i still don't even see where was the real usecase of litecoin. The halving is thing that will give long term impact and it will be happening with bitcoin too consider less than a year for bitcoin to get the next halving.
But is there someone who mining this coin and how about the difficulty of litecoin this day? I wanna spent some to mine this one if that looks still easy to be mined.

Litecoin has it's uses and is growing more populare week by week. Seems like reward being halved is starting to make an impact finally, and Litecoin getting the price it deserves.

I like Litecoin. I recall converting BTC and ETH last 2017 when BTC and ETH network was clogged and the best way to transfer value is to convert to LTC and send where you want to send it.

Its sure that the price of litecoin will rise after the halving. The same happened with btc too and the rest became history. I dont want to miss this. I know that it wont happen like btc but still there will be a good percentage of increase in price.

I think that people have too high expectations associated with Litecoin. I don’t think that Laitcoin will cost more than 0.02 BTC. I think that now buying Laitcoin is risky.