Topic: Speculation Litecoin Prices Rises Higher Before Second Halving Reward (Read 612 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.

I think halving at the moment is already in the price. Yes, according to technical analysis, there is room to grow, but the main movement has already taken place. There is a lot more sense to keep funds in ethereum and mine, than they will wear it that it will repeat the growth of LTC.
Although of course this is a market and everything is possible.

Well their objective with this halving is clear, buy buy buy and exchange to other coins as other coins will rise in price too. XRP this time was the last coin to rise, last time was the second, ltc is no different, 30% pump and then stagnate. XRP from 0.22 to 0.35 in just 1 day, 50%+. ETH at the moment is the coin with the most potential to rise a lot and fast. ETH has been dead or so we speak for a while, nothing there hehe

Actually there is more uncertainty in the world of crypto currencies, even though there are a number of possibilities that can be used as a reference before this LTC halving. However, miners are likely to continue to try their luck with halving this event and hope to book profits after mining and then sell more LTC while calculating money that can be withdrawn to cover their capital.

Similar to the first halving, hashrate on the Litecoin blockchain also increases before this second halving. Since the last 3 months, the hashrate has risen from 250 TH / s to 349 TH / s. On the basis of speculation, too, with reduced rewards per block from 12.5 LTC to 6.25 LTC, it is estimated that more miners will mine LTC compared to other crypto currencies.

Silver to gold, litecoin to bitcoin is already buried in the past. Bitcoin already surpassed gold a long time ago, ltc also already surpassed silver a long time ago.

Okay so let me ask you, if you decide to buy something in the supermarket using crypto, you will likely have to use digital applications known as dapps, main form will be eth, that will be 15 seconds transactions, you can just touch your mobile in the barcode and wait your receipt, now I ask you , first, ltc, you cant do that, even if they find a way to and will be a lot of work and expect the fee to be huge because there is no compatibility and in the end you will have to wait 2.5 minutes or more in the line for the transaction to be processed and you have to be lucky. I can see the winner here and by a lot and soon eth will be able to process millions of transactions every 15 seconds.

See that is the problem about you trolls, you dont see the big picture, ltc is a dead coin, it will have no use other than pump and dump and remember if something better comes than eth regarding tech then eth will be a dead coin too and that means tech value is important than all the bullshit you trolls throw at. There is no coin better than eth at moment, period.

Also pay attention, nothing is going up at moment, so this ltc rise will not keep and when it crashes it will crash faster than other coins, now if bitcoin, eth and xrp keep coming up then ltc is safe for the time being.

Well, here the price has obviously gone up. Big players, bots on exchanges. Perhaps someone wants to earn good money) Now they will overclock the price and spend the night, as usual, they will sell everything.

Personally, I see no justification for thinking that ethereum could hit $5K before 2025, do you have any basis to affirm this? And I agree with the fact that there are not enough reasons to be overly optimistic about the future of ethereum. New cryptocurrencies continually emerge that offer better alternatives to what at the time made ethereum an obligatory choice for investors, but even so I do not think Litecoin is more popular than ethereum at the moment, I would bet that ethereum has more daily transactions than litecoin, and there are many more exchange markets for ethereum than for litecoin, whose main advantage is to be one of the fastest and cheapest altcoins when making transactions, but not much more.

yes like u say,because ETH still younger than LTC, and its just waiting for the time.
ETH will be accepted like LTC or BTC


yes, i remember when that happened,
instead he want to intend to focus on the project, but it looks like a personal benefit.

I don't understand the reason why people do not give Litecoin the due respect, Litecoin do not claim to be that or that, it is contented with it being the Silver to Bitcoin Gold, as long as Bitcoin exit, Litecoin will still be alive, I even rate it more than Ethereum this is IMO. Price will still go up the halving is on the way

even the founder of the LTC coin sold all his coins. And I doubt it would have done if they were so valuable. Means this inflated the price all same

If you think he is right that ltc has a high the tech value then go and buy millions of it. That is how it works, like I said before I believe in dapps, not a coin per se.

And what do you want to report this?
There is a price increase, but if you look at the complexity, it has even grown more. So the profit from mining at the moment fell a little.

To be fair, He's right. I've been on these boards since '13 (other user names) and have seen you basically pushing ETH harder and harder for a long time, You clearly have a very large bag.. Was you silly and bought in at $1.3k+? 
I was even more silly and sold 1000's of ETH for $2-$5 but it is what it is! No amount of shilling by yourself on these sub-forums will bring eth back over $1k, It'l either happen or it wont (I personally believe it'll hit $5k before 2025)

Litecoin is not about the 'tech' behind it, More about the trust and widespread acceptance/usage, LTC was born over 10 years ago! ETH is not even 4 years old yet, ETH has proven it is NOT immutable (see ETC)
LTC is accepted as payment in millions of places alongside BTC, ETH is not accepted anywhere near on the scale of LTC/BTC and isn't as trusted as them either.

You are right, value is determined by the market and market value is determined by tech value and speculation. At this moment ltc is at the speculation stage, ltc has very low tech value to be at this value, so as the speculation diminishes, ltc will start going back to its tech value. I do believe in dapps and that is related to eth and the future, so that is not about fanboyism, is about believe in something and see tech value in it, reason why even eos has a market cap closer than ltc at moment even though eos has a billion coins. LTC is overvalued as it only represents a very low tech value.

Whatever real value something has is determined by the market, in other words supply and demand. It's clear you're a Ethereum fanboy and your post is basically pointless.

And it rose a lot. Litecoin real value price is 4 to 5x less x eth and at moment is almost 110% more than that, tech wise = $50 usd, it's overvalued. I would sell all right now hehe or exchange for eth.

Reduced rewards for miners Litecoin (LTC) otherwise known as Block Reward Halving, on the upcoming August 8, 2019, is considered to trigger high speculation about the increase in LTC prices. Since the beginning of January 2019 the price of LTC has indeed risen to 264 percent from US $ 30.46 to US $ 111 per June 7, 2019.
Historically there has been no increase in LTC after halving occurred. The first halving of the LTC occurred in August 2015. At that time, three months before halving, LTC rose from US $ 1.5 to more than US $ 3 and peaked at US $ 8 in July 2015. In August 2015, after halving and the following months, the LTC actually fell more than 50 percent.