Bitcoin Forum

I wanted to buy LTC this morning at 0.0078 but I had to leave home and when I get back, knowing my luck it will probably be up to 0.0085, should I still buy? I will appreciate your views on the matter.

EDIT 27.04.2016 : I got on eventually at 0.00821, and could have sold already at 0.009 so the initial questions is no longer valid. Please if you post in this thread, discuss how high can it go and what should be the first sell target.

I think yes, you can buy ltc again my reasons because price of litecoin follow price of bitcoin. And today price of bitcoin is going up. And litecoin is going up too.

LTC? In 2016?

I had to make sure the guy above me didn't bump a thread from 2012.

Buying LTC for anything less than 0.01 is a good deal considering it has gone up to 0.04 before

Quite the smart ass, are you?

Anything below 0.01 is a good buy, seeing that litecoin reached a peak of 0.04. If I were you, I'd grab those coins right away and keep a nice stash of to sell in the future.

If you have extra money this can be nice investment. Don't risk too much with any altcoin, I see ltc made a nice rise, and I hope it will rise more I have some small amount. But we can never be sure in something.

I will wait a bit more, I follow situation for now. Maybe I will sell my stash or maybe I will buy more that depends from information I gather in next few days, for now I`m just following situation.

too expensive, i wait for 0.0045 ltc next week when it dumps :)

I trust you are joking :) It's been awhile for quite some time and is not going anywhere around that range.

I don't like LTC at all but profit is profit and people in LTC are up for some.

The litecoin price went up 20% in the last few days. Maybe the big whales have accumulated enough and started pumping?

I hear people say that a lot of BTC will shift from ETH to LTC in the coming months.

have a look at the trade volume. and you will see, that the price will raise. i can't tell you when the price raise will end. all i can say is that i am still holding. i will think about selling at 0.02 btc. and if ltc will be pumped like eth then i will hold till 0.04.

yes, you have to continue to buy it might someday LTC prices will be back riding with a high, but if you do not want to take the risk then do not buy it, and sell

LTC will rise to No2 on coinmarketcap until summer 2016  8)

Be patient, I suspect you'll get to buy it at your price.  The sentiment isn't all that bullish for ltc.

My view is this is a decent time to buy a little LTC. I think the odds of LTC/BTC above ~.0165 (double current price) in the not too distant future is good. However, for the very long term i am not a hodler of LTC

It's a Fontas pump (old hands will know who he is - noobs, search this forum for his name):

https://twitter.com/Fontase

By the time he announces his pump, he has already bought cheap coins, and is looking to offload them on people he entices into his pump...

Sorta puts a question mark on the "BTC up, altcoins down" rule. The funny thing is, Litecoin hasn't gone up all that much in satoshi terms even though its volume is way up. There's lots of buying but there's also lots of selling.

As for what this means for Litecoin's future price, I dunno. But as earlier posters have pointed out, Litecoin's now in the low-priced zone in BTC terms.

Restored To Its Former Glory, eh? :)

It's because exchanges like Poloniex allow margin trading shorting. In the old days there was no short selling for alts, so it was easier to do a pump. Also I think there were some bag holders who were waiting for an opportunity to get out, and they've taken it.

Tried telling you people to get some LTC but some were saying it was just too boring or stable or dead, so surprise. When LTC/BTC makes a move like this, it's official there's a coming bull market in both.

I did buy PPC and BTCD since those coins ride with bitcoin. A nice 12% profit so far. I did not see LTC going up but looking at the stats now i see most of the profit is gone already.

Litecoin is actually silver to Bitcoin's gold.

I just got some - only 0.1BTC's worth - and put it out in Polo's Lending market. I got a daily rate of 0.3399%....

Since the most straightforward reason to borrow an alt is to short it, that very high rate is a sign that there's more than a few shorters who think that LTC's going back to where it was. [This dovetails with the high-volume-&-low-gain pattern.]

It's gonna be an interesting ride...

FWIW, I saw this in Polo's trollbox on response to a "Litecoin To $25!!" feller (underlining added):

well sooner or later everyones going to get sick of the permine, ico quest to make the devs money scams. and go back to the old school honest coins.

looks like the beginning of that of late  8)

its most certainly not a fontas pump (maybe he may claim that after the fact, look at his april 23 post).

That Twitter Account is not the real Fontas.

You can find the real Fontas here https://www.tradingview.com/u/Fontas/

not sure anyone can give you such trading advice.

as a trader though i know the feeling. i had orders in at 0.0073 the other day hoping it'd drop to that, then woke up to 0.0079 ish, looked like a rally so i bought up at 0.008, normally i let the market come to me but was holding more btc then i like and always turn my btc into ltc (which i hadn't got around to in awhile of shitcoin trading).


if it falls back to my initial order price well that's the ups and downs of trading (and anyways in reality i was only turning freeride shitcoins into ltc).

Fontas is no longer what you could consider a 'whale'. This person no longer has any control over the market, seeing that most trades originate from China.

I guess it depends on which force is stronger. LTC tends to pump every six months, but each time it's a weaker effort.

And out of all the coins in the world that he could have pumped he picked LTC, because?

How original! Did you think of this yourself? On a more serious note, I managed to get in around 0.00821 let's see what happens in the next few weeks.

I've legged-in at somewhat higher prices: 0.00845584 BTC average. Best of luck to both of us. :)

LTC 0.025 within +/- 1.5 months. :)

I certainly hope so...

This is the most ridiculous statement within the crypto scene I know.
I like the rise though, gains are always welcome.

Well, we now have the answer to my question as we could have sold for a small profit already. Apparently buying at 0.0085 and below was the right thing to do. The question now is how high can this go?

If the big whales think the litecoin price can go to 0.01, then 0.085 is a good price to buy. But it is still risky.

Nobody can assure a whale would buy LTC which makes it risky. But there's still a chance that a group of traders would fill in their stash of LTC, so that too would increase the price of LTC. ::)

Reasons to buy are:

• Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.  
• Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
• The faster block time of litecoin reduces the risk of double spending attacks.
• Anti-spam.
• Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
• Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
• Upcoming new features and active development look here for whats happening in 2016:
  https://www.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/
• Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
  
• Great community.
• Fully supported by GoCoin a growing payment processor used by thousands of merchants https://www.gocoin.com/
• Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins. http://cryptocoincharts.info/coins/graphicalComparison In fact volume has remained high since last June while maintaining a stable price.

There was some tweet about anon features coming to LTC, that would be interesting.

Can you provide a source?
I've seen litecoin being dead in the water for quite some time now. Showing features/ active development or any other proof of life would be good.

i agree, when you claim something like this you should provide proof.
litecoin seems dead, it has no development and it is as we all know it a copy of bitcoin with no real good feature.

but all these are irrelevant because the price is rising and i believe it will continue to rise as bitcoin price rises, and since the rise was big and sudden the dump (fall back) was also expected so now i am waiting for the bottom to get in and enjoy the rest of the rise.

Try checking out AMA link posted above for information about confidential transactions.

Please provide proof for your statements.

Link to the AMA: https://m.reddit.com/r/litecoin/comments/3z2ta1/ama_official_litecoin_developers_and_litecoin/

I'm the guy who arranged it, and yes, anon features are being tested.

So you're the losh... .that's interesting. Please stick around and let's get an LTC community thread running here. How can this coin not have any community presence on this board.

Keep in touch with bct and it's community is vital. Get the community involved and talking about developments you will see enthusiasm build.

Those features all look very interesting.

Let's get an LTC thread running here with someone related to the core development team posting so we are all kept up to speed.

Well, it's pulled back in fiat terms because Bitcoin's been shellacked but it's still trundling upwards in satoshi terms. The funny thing is, there's a lot of demand from short sellers over at Poloniex. I've managed to snag some pretty good rates loaning out my Litecoin to them.

I really don't know at this point how high it can go, but it's definitely woken up. It prolly won't take off until the short sellers get bloodied.

it seems like the rise has stopped for the moment and i think it is because of the bitcoin price falling back down.

i am glad i sold it on top at 0.009 because now i am waiting for the dip to buy more and wait for the next big rise after bitcoin started going up again.

these two pairs are going to continue moving hand in hand this year.

I would like too see that also. It would be a nice thing to happen for litecoin after period of silence.

Are you sure in that 0.025, can you tell us where did you heard for that? If its some secret source can you at least tell us how trustworthy he is? This is nice opportunity for earning some nice amount, doubling money is very hard sometimes so this sounds vey promising.

I will wait to hear your opinion about it and maybe I will invest some nice amount if you give me some positive answers about your information.

Yeah, that's the way it goes. For now, anyway, the short-sellers have prevailed. 0.0084; $3.75. Congrats.

What is interesting is that the volume has decreased a lot but the price is not really decreasing anymore. I got out for now, but am watching this closely.

History repeats itself, especially in crypto trading world. Just watch Litecoin closely. Right now, LTC is leading BTC. I expect break-out within 3 days.

it has always been like this, these coins like LTC with lower prices change (rise or fall) much faster and bigger than bitcoin.

the recent ~23% rise of litecoin from 0.0073BTC to 0.0091BTC is clear indication of that.

and as i said before i am sure as soon as bitcoin starts moving up again LTC will follow.