Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21358.

Elwar

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Quote from: inca on July 09, 2015, 03:36:27 AM

Quote from: ?? on ??

LTC used to be 50 USD per coin during the previous high, still some room upwards left...

But what is the trigger? Just a pre-halving pump, no?

LTC follows Bitcoin's price. They refer to it as Litecoin is the silver to Bitcoin's gold.

I bought a bunch of LTC and PPC back in 2013. Not enough to change my life but enough to check the price every once in a while. I don't really see them being used for much though.

cyclotronmajesty

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Quote from: ?? on ??

LTC used to be 50 USD per coin during the previous high, still some room upwards left...

But that was when Bitcoin was at 1200.

So about 14$ if it's a return to previous ratios?

Still I can't see myself getting in again until I see a significant decline.

I'd like to buy allot lower than this. I'd just like to have some sense of it having reached it's bottom before I go in.

The traders make money in both directions... it's odd to see this go up like this. Although I see it had a 59% increase this year as well in one day...

inca

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Quote from: ?? on ??

LTC used to be 50 USD per coin during the previous high, still some room upwards left...

But what is the trigger? Just a pre-halving pump, no?

Sitarow

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TQMA

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Bitcoin is the currency of resistance.

Cool, but I only focus in Bitcoin (long term) and relax Cool

BTC

inca

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LTC from 1.5 to 6.7 in a few weeks. Seems legit

Looks like we will have to wait for bitcoin a little longer.

Worth pointing out that if you watch LTC there is no resistance to buy pressure. Buying naturally pushes back the asks. A bit different with bitcoin!

cyclotronmajesty

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Quote from: Swordsoffreedom on July 09, 2015, 03:20:28 AM

Quote from: Elwar on July 09, 2015, 03:15:27 AM

I think LTC is just catching up. It dropped way too low during the bear market (back to 2012 prices).

Honestly I am still amazed to see its recent rally seeing how it dropped for such a long time.
As it is now I'm curious if it will correct short term or increase even higher long term.

What do you expect the price to be?

I recall it's price at 1.6 not 6 months ago.

Swordsoffreedom

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Quote from: Elwar on July 09, 2015, 03:15:27 AM

I think LTC is just catching up. It dropped way too low during the bear market (back to 2012 prices).

Honestly I am still amazed to see its recent rally seeing how it dropped for such a long time.
As it is now I'm curious if it will correct short term or increase even higher long term.
Could go either way at this point

cyclotronmajesty

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Can I talk about Litecoin here or will I get censored again?

Does anyone know if this coin is EVER coming down again?

How does a trader even gauge risk in this kind of situation?

Huh

I just want to break even after my losses from bitcoin...

i'd be nice to actually make a buck trading.. never had that experience...

I've never seen money fly around like this. Kinda makes me sick actually.

Elwar

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I think LTC is just catching up. It dropped way too low during the bear market (back to 2012 prices).

Sitarow

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Quote from: hdbuck on July 09, 2015, 03:01:12 AM

@sitarow whats your view on ltc? correction soon?

Hard to say.

In my opinion we have a new player keeping BTC at the price point between 260 - 270. Perhaps due to KNC bitcoin backed XBT now open to Germany. Holding BTC in this price point will prevent a mass rush to bring new hardware on the network therefore increasing difficulty and reducing profitability.

LTC is in a way still a free open market despite the obvious attempt by those holding large quantities of LTC dumping it for USD at these high prices.

Can we see moves into $10 LTC/USD? Perhaps as there are other extenuating circumstances (China market turmoil)+(Greece economic uncertainty) (political instability in the middle east).

This may be just an opportune pump opportunity to make coin using alts.

ChartBuddy

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