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Title: Will you be trading Litecoin over the next few weeks? Post by: crazyearner on August 16, 2015, 03:17:24 PM What is your thoughts on the up coming halving of Litecoin? Will Litecoin stick at its current price or will it actually go up, as it becomes harder to produce Litecoins and block rewards get slashed in 8 days time so less than 2 weeks before it gets reduced. I am hoping to see a nice increase on trading and the prices start to go up. What is your thoughts buy now hold and wait for halving and go form their on trading or hold off selling and just buy up what can and go from their?
Title: Re: Will you be trading Litecoin over the next few weeks? Post by: ajareselde on August 16, 2015, 08:27:24 PM I think litecoin was pre-pumped for the halving, and that current prices could easily remain even after it, so no, i won't be trading it (atleast not be buy it)
But there is also a possibility of a small pump anyways, with bitcoin in the XT debate .. cheers Title: Re: Will you be trading Litecoin over the next few weeks? Post by: Za1n on August 16, 2015, 10:41:35 PM Hard to tell what will happen really, it could easily go in either direction. If you asked me several weeks ago I would have said it would rise a bit, but now that we are only 8 days away and the price is staying pretty much around the $4 mark, I think we may have already seen the rise. I have some LTC but do not plan on buying any more strictly because of the upcoming halving. If it goes up I might sell some, if i goes down I will probably continue to hold for the longer term.
Title: Re: Will you be trading Litecoin over the next few weeks? Post by: Ruzka on August 16, 2015, 10:48:43 PM I think litecoin was pre-pumped for the halving, and that current prices could easily remain even after it, so no, i won't be trading it (atleast not be buy it) But there is also a possibility of a small pump anyways, with bitcoin in the XT debate .. cheers You are not the only one I too think it was pre pumped to the $4 at current from around the $2 if I remember? Was so close to buying the litecoin earlier today to try and keep some funds lil safer" lol OP I have invested in a few different coins and will no doubt put the change in litcoin, so hopefully will be trading in the next few weeks but like above post I dont think much will happen just feel safer with holdings there. Title: Re: Will you be trading Litecoin over the next few weeks? Post by: MicroGuy on August 17, 2015, 03:18:27 AM The halving is already priced in to LTC. If Lee should resign from Coinbase and dedicate himself full-time to Litecoin, then it would be time to invest.
Otherwise, we'll most likely be trading in this range for the foreseeable future. Title: Re: Will you be trading Litecoin over the next few weeks? Post by: Purple Wayne on August 17, 2015, 12:31:04 PM I own about 10 LTC and bought them years ago but I'm not sure whether to just dump them if the price rises considerably or just keep holding them. I don't really think LTC will ever really take off but they might rise again in the future.
Title: Re: Will you be trading Litecoin over the next few weeks? Post by: crazyearner on August 17, 2015, 08:36:48 PM Well I decided to buy some more last night and made a good 2 to 3 % with the trades going up and down. and will no doubt buy up some more if price drops and dips again. So far been a nice little bit here n their.
Title: Re: Will you be trading Litecoin over the next few weeks? Post by: sportfan on August 18, 2015, 12:21:27 PM i dont think its smart to trade with litecoins :) better use new coins that have low value there is real money hidden
Title: Re: Will you be trading Litecoin over the next few weeks? Post by: kelsey on August 18, 2015, 12:52:14 PM i dont think its smart to trade with litecoins :) better use new coins that have low value there is real money hidden litecoins the only alt with decent consistent liquidity so tis the smartest to trade. when trading liquidity is more important then price. Title: Re: Will you be trading Litecoin over the next few weeks? Post by: shanem on August 18, 2015, 02:15:17 PM Of course not, the daily price movement is so little.
It can't even cover the trading fees, I would choose other altcoins to trade instead. Title: Re: Will you be trading Litecoin over the next few weeks? Post by: iqlimasyadiqa on August 18, 2015, 02:38:08 PM litecoin is one of the major share in the crypto currency, but as usual it is difficult to guess the crypto currency at market price
Title: Re: Will you be trading Litecoin over the next few weeks? Post by: HeroCat on August 18, 2015, 02:46:13 PM LTC market depends also from BTC market ;) If you check both BTC and LTC markets, you can see ;D
Title: Re: Will you be trading Litecoin over the next few weeks? Post by: tradewiz on August 23, 2015, 02:58:04 AM I dont think any movement, up or down, are priced into the Litecoin price - history has shown that the implicit pricing has not worked so far in the coin markets (and thereby the opportunities).
Looking at the last 12 months difficulty history plus what we have known from previous "halfs" it might be a good place to stash some coins but I would rather bet on the ratio between BTC/LTC than LTC/Fiat (I understand there is an indirect link there). I am not wanting to start a whole BTC vs LTC discussion but the two should live in harmony together - what I would not want to be on the day of the halving is a large owner of WDC and other reasonably large Scrypt currencies, their profitability will probably suffer. Neither would I mine auto profitability algos during those days. I would expect LTC hash rates to fall quite dramatically while some of the other Scypt stuff would be under serious pressure pricewise with hash going up! I personally dont think LTC or the Scrypts will loose much in a longer picture but there will be some volatility! |