Bitcoin Forum

So, litecoin is dead. Long live litecoin!

Anyways, we've all noticed the speculative boom that Litecoin has received these months preceding its halving. Litecoin has quadrupled it's price over the last 8 weeks. This boom seems to be mostly fueled by speculation about Litecoin's price past the halving, and I believe that the price cant rise much more, probably not above $6 or $7. So I drew a few lines that predict a few scenarios when it comes down to what LTC's price will do these following months.
For those who have trouble understanding the following image, here are a few predictions for the next 8 months.

By November, the price will have dropped to $4.70, $4.50, or $3.50. From there, it might go to $3.70 by December. By March 2016, the price will go to ether $3.65, $5.40 or $5.53

https://i.imgur.com/GIukdvo.png

Nice trading! :D

mid $2's to low $3's make sense.
halving is priced in and there is a little too much investor enthusiasm for the short term at this time.

bitcoin decides ltc fate..ltc is lucky to have such a good friend

No it doesn't stop saying this crap.

He has a point. At the moment, cryptocurrency is a developing market. At the moment, bitcoin is the most popular and used crypto. Right now, a lot of cryptocurrencies seem to have gotten a pump (relative to bitcoin, in the past 30 days), arguably thanks to Litecoin. All cryptocurrencies are on the same ship, the ship of public opinion. Bitcoin's price going up will help Litecoin's  price go up. Bitcoin crashing will most probably lead to Litecoin crashing. That is until later, when enough people get a hold of the concept of cryptocurrency, and know how to differentiate between them.

But for now, Bitcoin and Litecoin are on the same boat.
Though it's starting to look like Litecoin is getting it's own reputation/identity, and is highly influencing the altcoin market.

I'm surprised you think that way.

Day 1: BTC reaches $1000
LTC reaches $25

Day 365: BTC reaches $200
LTC reaches $3

Day 485: BTC reaches $266 after greece news
LTC reaches $5

it can't be just coincidence. Can it?

Lets look at their chart and see if we can find something in common

BTC

https://i.imgur.com/FLCFKOr.jpg

LTC

https://i.imgur.com/94hAR6H.jpg

I have so many Litecoin in my hand, what should I do now?

Litecoin is leading this rally not bitcoin.

https://i.imgur.com/P8H9Lrj.png



Nothing.You do nothing. Learn the meaning of HODL.

It's the first time i actually see litecoin rising without bitcoin leading the way. I believe it will be much more valuable in the future than it is now. I have tried to incxrease my litecoin stack during this rise buy trading but not very successfull, so i just hold them, but it's so tempting to play the ups and downs.

i personally am keeping my eye on a couple of things.

the first thing that i think is the most important off all is the block halving of litecoin, the closer we get to it and also a while after the block halving is going to be the most interesting times.

other thing is the bitcoin price, i am monitoring how the price will be since it has an undeniable effect on litecoin price.

anyways i am expecting $6+ soon.

And you also think goldcoin is a good coin that is going places. LOL              

My prediction is that litecoin will make your wallet lighter if you purchase it.

Hold for new highs, what do you think are the chances for new highs? must be greater than 50% so means easy hold.

HODL does not always apply

Based on what? I think you are watching a very small time frame like the 30 min chart which is wrong. According to my indicators it will go up in price. My first sell will be at 0.025 where i expect some resistance.

I think we will see double digits in $ before the halving. LTC will break it's ATH  (in BTC) ...

The community decides each other's fate:

https://m.reddit.com/r/Bitcoin/comments/3ci25k/the_current_spam_attack_on_bitcoin_is_not/

My 21 July prediction of $5.76 will be blown out of the water. We will be at $7 by August.

Thanks, Bitcoin.  We'll take good care of you in your sunset years.
 

ltc/btc 0.02222222222222222222222222
broke most short-term predictions

It's gone crazy!  I bought like 22 LTC a few weeks ago with some change in an account I have, I wish I had bought a lot more..

I sold at 0.0195, bought at 0.008, covered my losses from the last 2 years
I will wait for a plateau and more technical analysis, before deciding on how to proceed

Let's hope so, I just accidentally bought 0.8 LTC, wanting to buy 0.08. Woops. I hope it pays off!

I'm getting a bit nervous from how fast we are moving.  :o


Have been holding LTC for over a year so I´m still in the red and will keep on holding, but still questioning for how long we can  keep this up. 

Someone has been buying a large amount of LTC from the exchanges the past of days.  Price hasn't risen dramatically yet, but someone is preparing for something.

I think because the halving we will see the top peak that we see at the last really at the end of 2013.

That would be today about 20 Dollar.
More is only possible when the bitcoin price also go to the moon.

pretty good for the mining industry that the litecoin price goes up before halving ^^

Can you make a chart like that for BTC/LTC pairing instead of LTC/USD? May be more informative if bitcoin keeps rising as it will probably take the dollar value of litecoin with it.

People thought LTC was dead and look where it is!

It's not the same or equivalent to the first graph, but these more or less illustrate what I think will happen.

https://i.imgur.com/GaNnqrf.png

https://i.imgur.com/0hMWRGf.png

>2015
>Chartists on Bitcointalk
>Not even showing the full chart to see where all these trendlines originate from

>Yes, that is the current year. Congratulations.
>We prefer the term "chart enthusiasts", thank you very much. Please dont use racial slurs.
>The chart is not about the trendlines, it's about my own opinion on what I think Litecoin will do, not where the "trendlines" (those are lines that I pulled out of my ass to help illustrate what I think will happen) originate.

Feel free to publish better charts. Or you can keep bitching about free content.

Hello,
i disagree with your 7usd prediction, because i cant see the rules you extrapolated that value from.
Its difficult to find a good chart, thats true. In fact i must pimp a chart with my graghics programm PSP.
chart is from from http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime
My Target prediction is  really converative based on Trendlines / Trendchannels.:
0.050-0.070
This value range can also be reached when you apply fibonacci extensione. (sry i cannot do it in the image)
for example when you  calculate the first extension Level of 1.271 to the last High of litecoin (0.050) you get a Target of 0.0635 .
https://i.imgur.com/Nrf4a6L.png

greetings

There we go. Now that is some proper TA, thanks for the assist!

I will probably sell 25% of my ltc at .04 btc. Then see what happens next.

Thanks for this - it's similar to my thoughts.

My thinking is rather than taking the fib extensions from the high of ltc at 0.05 - I have taken it from the closing high at 0.042 and therefore not quite as optimistic. I have not posted here in quite some time but have been accumulating a decent sized stake in LTC since November last year. I've been selling small chunks all the way up till now and still have 80% of my original stake left - needless to say I'll be continuing to take profit all the way up, making sure I don't get caught hodling the bag like I did on the first DRK pump.

We are still early to the game my friends - plenty of time to profit. Enjoy.

I would say the other way around has a bigger chance.. Halving dies not influence price as much as people seem to believe..

Ltc volume going crazy at btc-e.. Almost double that of btc :o great things to come!

I'm not really into calculating the expected price of Litecoin in the future with these drawings and charts.

It's good to see that the price is increasing now, but looking at the history we were at much higher levels. To me, to only thing that could REALLY let the Litecoin increase in value, is a rally of the Bitcoin. Rallys of Bitcoins have shown earlier to attract more people into altcoins. As the BTC at its ATH looked really expensive for some people, they thought they were better of buying stable / reliable altcoins like Litecoin. The same happend with other altcoins.

And that's why I'm holding multiple altcoins, and that's why I'm waiting for a rally again ;).

How much further do you think litecoin can go? It has already risen 5x in price.. If it goes another 10x it is already on par with bitcoin if you take the 4x supply into account.. The rally is already happening imo. Just the question is how far can we go?

I don't think it's sufficient to look at current supplies and demand for extreme rally's. I can remember that we had daily news items about the Bitcoin over here in the Netherlands when it reaches it ATH, and I'm sure much new people "joined" by buying BTC (or altcoins) in order to gain advantage. Those people have lost much of their value for sure.  But when such extreme rallys happen again, the altcoins will be worth much more. What if the BTC rises x3 and also the value of an altcoin VS BTC increases.. An altcoin will gain much value then.

Nice prediction lol

Thx for the compliment  :)
The much harder task is to extrapolite a time span, when these might get Levels hit.
I can only guess, since the history of cryptocurrencies are so young, there is not enough Data.
My guess would be based on fundamentals.
When the Greek Euro Crises get extreme and or the chinese market buble (which grows in the background)
burst. Then we have 2 large economies in trouble, which probably is enough to pull down the US too.
These events will boost Gold,Silver and cryptocurrencies.
Timeframe is 3 weeks for the greek crisis and 2-5 months for the next BTC run.
If anyone has some ideas how to extrapolite the time with some proper techniques, spread the knowledge.

The strange thing is , in Forex (Fiat money) the value goes slowly up, and rapidly down.
In cryptocurrencies the behvior is the exact opposite.

I mention this because in the past LTC has skyrocketed through the 0.020 Level 2 Times.
~01.04.2013 and ~ 26.11.2013

litecoin will be $40 soon, and trade volume will overtake bitcoin

we all mostly agree on that, but the question was more when. "soon" is too relative.
So if you or someone else could came up with more precise guesses it would be interesting.
(time span with reasons why please)

I wasn't around when litecoin originally went up to $40, but looking at the charts it looks as if its rise this time is a lot more gradual, which I think is good. If it spikes up too hard too soon, I think we already have a nice historical record of what will happen. However if it can rise just $1 or $2 a week with periodic pullbacks, I think it would be a lot easier for people to have confidence it in long term.

So my guess would be it will keep going up, but at a slower pace than before. A nice slow average of $1/week would be another 34 weeks for it to hit $40. I doubt if interest in LTC increases rapidly it would take that long, so a more aggressive prediction of $3 week will put us about 12 weeks out, or sometime in September. I think if it rises any faster it would be unsustainable long term and we could expect a big pullback at some point.

Here is some D1 Cycle counting.
The cycles getting shorter and the value increase in about 10-20 percent  per cycle at the moment.
So this seems like there could be a 40% jump in 1 Day OR an increase of the cycle lengh
when the momentum pauses temporarily.

https://i.imgur.com/qhVXG9G.png

Uhhh...just to let you know, "chartist" is an old-fashioned term that means exactly what it implies: someone who likes making forecasts from reading price charts. The people miffed by the term prefer to be known as "technical analysts" or "trend-and-cycle analysts."

With that out of the way...how the floop did "chartist" become seen as a racial slur??

I ve never seen a good forcast based on graph analysis, I dont even know why people are still doing it. You have no clue, who will do what and with how much money tomorrow + there are dozens of uncontrolled elements that influence price anytime.

Allow me to butt in with my thoroughly subjective take on the matter. :) If a formerly flatlining alt goes up to the point where I get nervous, continues to go up to the point where I'd head for the hills if I had any (it would have been 0.015 had I bought some when LTC was in the dumps), and then goes up even more, then it's in a new bull market.

Had I had the wherewithal to put some funds into LTC, I'd wait until the current frenzy cooled and thread like these died down...just like I shoulda done after the first pre-halving pump to ~$1.80 (sigh)

(Yeah, I know, I never learn...)

The reason why people still doing it since over 100 years, might be that it might work  ;D.
The problem lies in the humans which try to use this toolkit. A lot lie to them self.
Technical Analysis must be mastered in both theory and practice.
Its easy to pull out some lines with vague predictions (up down) and no rule based explanaition.
Technical Analysis is a big term for a large bunch of tools and styles.
Just to name a few Styles: Candlesticktrading(Steve Nison),"PriceAction"(Nial Fullerand others),Trendlines+S&R,Volume Spread Analysis(Richard Wyckoff), CylceTheories(Gann,Elloit and others),chartpatterns(Classic,Gartley,candlesticks) i have a full excel sheet of more.

None of them will make you rich just from reading the theory. These are just tools.
A good analogy is this:
A musican must master his instrument to have succsess.
The same applies to trading and technical analysis for a trader.

So if you never seen a good forcast could caused by 2 options.
You just searched in the wrong places or to few at all.
You did not understand the thoughts of the autor.

The markets arent fully random nor fully predictable, as a trader you should think in probabilities.
This can make your work much easier and succsessful in the long run.

It is really easy to prove that markets aren't fully random, since humans arent fully random.
Last examples from Fiat markets(Forex): Greece could not pay the debt last Sunday 5. July.
Guess what happend to the Euro/USD on Monday? Price dropped.
Was this random or by reason?

Another example are Market hours.
Volatility and Volume increases and decreases at specific times during the day
Example from Fiat markets(Forex): Every day at 8h (gmt+2) the Volatility rises in Euro Pairs.
This is not random, it is causes by reason. The EU-Markets open. The same for 11-13h,
volatiliy decreases - people take their lunch. 18h they go home volatility decreases...

greetings

Huge rising. But from now every thing is face to down. It is high price now and will be go down again.

This is good example of what i am talking all the time ;)
Please name some arguments so other people can understand your thoughts,
1.why is the actual price of 0.02766997 the High (what idicates that?) ,
2.what arguments speak for a downmove? why not sideways?
3. What is the taget price for the downmove? (Example 0.0215300)

greetings

Wow, litecoin is not slowing down. I think we're probably in for some double-digit-litecoins. Maybe we'll see $10 before August?

I think litecoin is rising, while bitcoin is having issues with the stress test.

Lol my pals, i think the not litecoin is gowing down, but the prediction QUALITY  :D

If you ever noticed the price is always gowing down and up all day long, so this type of prediction leads to nowhere
and has no practical use or theoretical meaning.

LTC looks great now . seems like a good way to make some quick BTC for the time being.

If I understand correctly you mean buying in after the current frenzy? When it settles at a stable line again?

I'm still trying to decide how far this can go.. and where to put my sell orders.. Still looks like it has some momentum to go for now..

Although as indicated, the pump cycles are getting VERY short now, which may indicate a "spike" on the future long term charts (which would lead to a drop soon)..

I guess LTC (and NMC, PPC and NVC for being on BTC-e where everybody moved to trade LTC) is greatly supported by the problems at the bitcoin camp. Maybe we will see the 0.1 price again like in the old days?

And that's when I remind my frozen LTC at vircurex that I'll probably never get back 😠

Expecting LTC to go up as long as bitcoin does to.

Yes, exactly that.

couple months or sooner. Trade volume already surpassed bitcoins

you are too optimistic, the price will fall back within month.

                                                       
                                                       
                                                       

and the sun goes down every day...
why are you so pessimistic? missed the train?

https://blog.bitmex.com/chinese-promoter-pumping-litecoin-via-ponzi-scheme/

Er, ahem: https://www.cryptocoinsnews.com/wtf-just-happened-to-litecoin-and-bitcoin/

the chinese are hungry for investment opportunieties since their income increased in the past.
Mostly the amjority are bloody newcomers which would invest in nearly everything.
I read a lot of storys they traded raw stones where might be jade inside as investment. (in fact its more like lotto/roulettte)

So i guess that's promoters have and easy game to collect victims in china.

Ok now i calculated a bit, when he had 78 mio usd worth of Litecoin, he already blowed his load,
since 78mio selled at 0.020 are round a bout 1,3mio Litecoin. This is the amount of
That volume cleared at BTC-e alone on the move from 0.03 to 0.02.
The amount controlled by that dude was only 1/10 of the 24h overal volume of LTC.
So need to fear a chinese Ryan Lee  ;)

So if people  dont panic, business as usual. The dude got his profit and is out, so i see no problem.
On Cryptsy the 0.020 support seem strong. Someone had a buywall at 0.02 with large volume.
Priceaction is ready for a new takeoff.
Just my thoughts. So i will not exit since my target is far away, and no real reason.

greetings

This pullback was needed regardless of the reason it happened. Now LTC needs a couple of days to cool off and a slow march forward again to make this rise legitimate in the minds of many. Everyone was ready for it to crash any second was probably just as instrumental in the fall as was the manipulation.

Also, it is helpful to keep in mind we are only back to where were were 2 days ago price-wise. If this holds, or at least can maintain $5 I see another uptrend in the works. If nothing else we still have the block halving coming up. 

A few more jumps and bumps until the halving after which it will resume its inexorable slow death.

Very true.. Just rising rising rising is not natural for any coin.. I still beleive 0.02 is a fair price for the moment, but maybe we can get closer to the 1/4th of bitcoin target with some more development in litecoin.

The Chinese pumpers switched over to DASH. I think the price will see $3 again soon. If Greece crisis will continue the price could be stabilize somewhere between $3 and $5 for some time.

I have noticed that most of the coins when bitcoin price is high and their price is high.
So at the moment a good move for all coins.

Lol. Guess we know which sig campaign's paying the most right now.  :D

Litecoin=Tulip mania or tulipomania
Lose 50% price for 12 hour incredibile.i wait and maybe bay LTC on price 1BTC=400 LTC for 1-2 days now is 1BTC=72 LTC

Actually LTC could go back to the price it was at when this all started. Since that guy has nothing to lose and it's all profit for him.

lol 50% is nothing compared to the ~525% value gain before....
look at the buy walls it seems they accumulate now and at 0.014 - 0.015
but waiting for a bottom can be a good idea when you are flat, when you are in minus i would buy more depending on the entry price.

I am never going to jump the "train".
Here is the reason ;D

It seems today is a good day, BTC has made a new high of 305usd and like i predicted in an other thread,
when BTC manages to stay above 300 we can expect the start of a new trend.
Offcourse 5 usd is not much, maybe btc needs 1 day more.
BTC has broken the 287usd resistance and on the W1 Chart over the MA20 and Ma36.
The signs are bullish, i hope for some good christmas gifts this year   :D

I agree with you


People you should buy and hold your ltc , Will be worth double digits guaranteed in the next month.

i think LTC will reach and sustain around $10 - $25  as btc heads back to $500.

+1

More and more people worldwide  are discovering crypto everyday

Predictions :

BTC = 500 - 1000 $ ( 6 months - 1 year)
LTC = 15 - 40 $

1 ) More new investors everyday

2) less miners (due to ltc halving = needs powerfull equipment )  = less sellers

= price explosion

From the chart, the highest Litecoin can go is 0.017.
Once it reaches that level, the amount of resistance is too much for Litecoin to go up anymore.

if you are going to apply any sort of technical analysis to a coin, I would say this is the safest way to do it. I don't think LTC will go much higher for a while now, but we'll see because the halving hasn't officially taken place yet. The thing is, pretty much all serious traders know about its impending certainty so you have to believe that has already jolted the price -- who knows how much more "umph" it can get out of this phenomenon.

Ive been buying alot of physical litecoin lately. It's obvious ltc isnt going anywhere so even if the price stays low the value of the coins should increase.