Bitcoin Forum

Looks like segwit activation news are lossing gas already, so we may test support line which according my technical analysis falls anywhere down to 0.013 - 0.016 depending on how aggressive you want to be.

If it stays above there, it's good news, but if it falls below there, I hope we don't re-test 0.010 again.

Let's see how the following hours develop, maybe we can pick up some cheaper LTC.

Thought there would be more fire in the pump. Thought it would hold strong against BTC's gain.
Come on LTC!!!

It would have held stronger back in the day when there was no ETH. Still we made X8 profits, I'd say I'm pretty pleased with this pump even if it's over. Thank you LTC, old friend!

yesterday when i saw the other topic about litecoin and "sell the news" about SegWit thing i placed a couple of orders at different prices (https://bitcointalk.org/index.php?topic=1910438.msg18958328#msg18958328) but when i saw the ~100BTC in front of my first order vanish after a short while and also saw the orderbook in that picture i linked, i decided to change things around a bit.

sadly my 0.013BTC order is not yet filled but at least i got some orders filled, the lowest it went was 0.0157BTC on bittrex i guess and it doesn't seem to be going any lower for the time-being.

and i think the 0.013BTC that happened on 9th was the worst case scenario of dumping and mostly because of poloniex mass panic because of all other alts dumping!

The retracement happened down to 0.0150

Unfortunately, my buy order was set at 0.0147... so I woke up with an unfilled order. Right now we are sailing around 0.017... let's see if it holds, there's still some space to re-test the support line so maybe we can buy again soon at around 0.0150, hopefully not lower or I may start thinking we are going down to 0.012 or something.

Buy the rumor, sell the news.  ;D

I've seen a small dip due to some profit taking. Since segwit it feels like everyone is watching to see what happens,  both sellers/buyers.
If it drops another 10% I think the remaining profit takers may cut their losses and dump away.... It could go below 0.01or even lower,  but for now it looks like there's plenty of support well above that. In the long run though,  it's up and up imo.

It's interesting to watch.

As I didnt buy it when it was 1 usd because I didnt see what special value ltc would have over btc, it feels harsh for me to buy it now with a value of 30 usd. So i will never buy it

Good choice.

that is why you spread the orders.
do what i did (read your above comment) place some orders at different levels with different amounts that you feel are best suited to spread then this way you have a better chance of getting at least something out of the dips.

remember that this is only good when you have confidence in future price rise but it won't work if market is on a dumping spree which each dip being lower than the other.

Is there an ETA for when lightning network news will hit in, when it will become available, etc

I've found that it puts too much psychological stress having different entry orders because I have to keep track of all of them. I like to have a single price to worry about and going all in at a pretty conservative price can work out. My buy order right now is set at 0.0143. Im hoping that we will retest 0.0131 for a double dip then a recovery where I would sell at around 0.0165 before I decide if I want to keep holding this or not because I fear a big dump before long term recovery.

Why it should dump? based on what?

Major Milestone: The First Lightning Payment on Litecoin pays from Zurich to San Francisco

https://blockstream.com/2017/05/11/lightning-on-litecoin.html

Well, usually when support lines are broken people tend to panic sell. Anything can happen tho, but if the lowest we go is 0.0135 ish then it's good news, if we go lower then the current channel would be broken and some may decide to panic sell. Im keeping my buy order at around medium 0.145 and hoping we dip again on there as the initial hype of segwit fades until we get more LN news.

It only hit .013 on Polo due to their inability to keep their platform stable. The ripple effect was stong.

0.013 are you mad or something?

To go to 0.022 - 0.025 again?

This possible only in dreams.

Do not underesteemed Litecoin with Lighting Network it will hit ATH..Realisticaly no lower than 0.016..0.015 is a luck allready.

Yes, the 0.013 dip was triggered by the panic selling people on Poloniex as they say the site constantly going down for mainteinance due the DDOS attacks and people selling their margins, but don't understimate the psychological factor of technical analysis. What I mean by this is, a lot of people is now expecting a 0.013-0.014 retest only because we tested it already.

Looks to me Litecoin is just following Bitcoins moves now. If Bitcoin takes a dip so does Litecoin. They rise together too. Guess the LTC/BTC rate on the exchanges is what decides its value now. For LTC to make rises on its own, there has to be a reason for its value to rise over the BTC (news or so). BTC looks like it's back on an upwards trend, and so does Litecoin again probably.

Oh man cmon if you was not able to buy cheap its not the reason not to buy at all.

I am almost sure LTC is a future for payments. Everyday payments.
I allready bought some and will "forget" for long time about it. In some years it will cost a lot more than 30$.

Coinbase,Segwit is only begining.

Next to come Lighting Network! Buy before it hits ATH.

After it RSK - smartcontracts

Than MAST..than confidential transaction.

Can you belive it??? Segwit and all other future will make Litecoin in top of all available coins..:)) you just not realised it potential. Do not be foolled by whalles of the price.

All yammies,all the best for Bitcoin will be on Litecoin.

30 is reaaly cheap now.

I am really disappointed with the performance for litecoin after the activation of Segwit as i did purchase a handful of coins when the price was around the range of 0.018 and 0.022 ,expecting the coin would move to higher valuation because that is what i was seeing in some of the other coins and i really wonder what makes litecoin to go down after activation of segwit.

You make decision very fast. It is only 2 days left.

Litecoin with Segwit and incoming add-ons is a real gem.

Unbelivable that we made this! Yes! Segwit is active, Lighting Network is coming. Developers are from Blockstream. LTC is on Coinbase! Dreams become true  ;)

Does it mean Litecoin could be widely used to transmit payments like Bitcoin?

For BitCoin there are vendors accepting it, ATMs, and some countries widely recognizing it but not such luck for Litecoin yet!

it is 3 days after the end of the dump so i think we are in the safe zone ;)
the volume looks good and i don't think the pump is over yet, don't forget that price went up 600+% and it needed to get dumped. i don't think it can get dumped lower than 0.015BTC unless some weird news comes out.

well i believe litecoin is mostly a testing ground for bitcoin, let the SegWit work on it for a while and then let all the other additional features be added such as LN and if successful they will be added to bitcoin and litecoin will be back to being just the copy and nothing more.

Thanks for explaining that. I always wonder why Litecoin is so undervalued as compared to Bitcoin. Does it not have enough miners or developers to make it an alternative to Bitcoin ?

LN can add a price boost again, what time frame can that occur, a few weeks from now or months?

glad to see ltc price is moving up into 0.016 and i think the price will be increase more soon and after segwit, i hope that it will help ltc to go moon. yes we can see that in yesterday ltc got dump but i think its because of bitcoin price is moving up so ltc price is drop and its not for ltc only, but for the other altcoin. and now, i only waiting for increasing the price.

And what will happen next when BTC hit 2000$? All altcoins will fall down including LTC, this is very nice time for living! Enjoy every freefall caused by bitcoin. Im not greedy i'm not waiting for 3x 5x or more return, i'm satisfied and with 2x, evrything goes. My  assumption is we are goin back to 0.018, then will BTC attack again and we might tuch back 0.01. This will be bottom for the LTC, then UP.

You really think that there will be someone selling up to 0.01? If so, than forget about UP it will be disaster.


Unless BTC go very quickly to 2500, than yes, but price in fiat stays same.

dont sell LTC even if it loses in btc value. its headed for $100 its inevitable. btc fees are around $0.20-$0.50 or more now. where do you think small users will go for moving funds? ltc and doge! faster and cheaper. its a no brainer actually

DOGE got a way higher inflation rate, and the algos are the very same so huge collocations of LTC mining equipment (ASICS) could threaten it's network security.

There's always emotional traders who make irrational decisions. That's how we make our profits.

err , LTC and DogE are merged mined

It is always time to buy LTC when the price is stable now and there is little hype. In less than one month time, there will be a new hype for this coin and you would regret not buying at this price now. Now altcoins are in a bull market so a good strategy is to buy on dips and sell them when the coins get pumped.

I also have a feeling this coin is going to be pumped more, if segwit gets real adoption. People will want this to send payments while the BTC issue is resolved. I bought some recently too, my only fear is ending up as a bagholder again because it was dead for a few years. However, I have a feeling this time this coin will only start to fade away when Bitcoin gets segwit / LN so better keep an eye on things.

I caught the April wave before Segwit and have some good profıt on LTC by cashing out gradually and then kinda trapped with a high base purchase price. Yes I am not an experienced coin trader.
Although I will still be in profit if I sell now my LTC for its current relatively quiete low price price compared to Segwit activation day, looks like I will hold my bag for at least a couple of months to see what new developments such as LN,MAST and so on will contribute to the value of  to LTC. I can wait for months for now as long as I see development and adoption of LTC but if LTC price goes lower than 20USD, technically it will neutrealize all the profits I made from LTC.

I know experience is priceless but I hope I will at least stay in the positive side of the balance so I can wait :)

Time will tell.

am i the only one thinking that there must be some manipulation going on. call me some conspiracy nutjob but my gut tells me there is. like seriously, after all rises and dips since last month, who in his right mind will continue to sell at 0.0135? this just doesnt make sense to me. look at the charts from several timeframes. the whales are happy again and the minnows never seem to learn. i am holding my LTC too. i made some decent profits last month and now i made a reentry at 0.015+ and i am currently in the red. not gonna sell this to these mofos

I think that many people are scared of another 2014-like period, but this makes little sense considering Segwit+LN.
I will buy more now, in fiat.

Yes i really think we could see even under, remember what happened with ETH. We will see Pump second round, and it will be very unpredictable this time. Few months before, LTC was proclaimed dead it is not always as it seems.
Yes exactly this, someone will start with panic and my orders will be filled. ;D

Good day today. Waiting for it to go below 0.013 to fill my bags  ;D

I hate LTC markets because I think they are manipulated too. BTC’s silver? WTF?
Before to segwit, tweets were a problem and moved prices. We could see several strange waves (compare with other coins and remember or search tweets' history of F2POOL, SatoshiLite… ).
It seems to was very difficult to implant segwit.
I don’t know, but after to see the coincidences with the fall of some delisted coins in Polo and Segwit tweets' war, I start to think that some coins are more centralized than we belive them.
I think Charlie Lee has to stop to publish puzzles and work hard to explain to some business/people why LTC is a good option to pay and make transactions.

True..Charlie Lee was sell us the news about Segwit.Now he is playing some games and puzzles. A lot of people get profit on pump and before ,now they quit the game.


It was obviously from the begining that LTC is under a huge influance of china miners. It is overmanipulated by thems too.

The price of LTC will be down, because China open fiat withdrawal from china exchange in June. I think they will drop the price further because the majority of LTC holders is in China. Investors  and Whales just will not allow to people withdraw profit. I do not think it will be back to 4$ I think 15$ is very possible.

Also it could be opposite too..That fro June price will start to go up, because of possitive news about Lighting Network and fiat opened in China..

Thinking about what you said, then we have situation where whales actually pampping price of BTC and when Chinese exchanges let them to withdraw their money this will result in chaos. Whole crypto world will be affected not just LTC. BTC is also manipulated by China miners. I will look upon this as good opportunity.

Manipulated indeed First bitmain make litecoin miners and noone buys them, then segwit hype takes hold, litecoin rises , then litecoin becomes very profitable, bitmain sellout their ltc miners and ltc increases, then segwit activation drags out, will it wont it ? Price still speculate s on approval keeping it up but volatile gaining more interest from traders as it drags on, bitmain wont vote for segwit , price teeters , why wont they vote yes ? Cause bitmain are a btc miner maker mainly and segwit isnt compatible with btc if their miners are using asicboost, a advantage only they have unlocked in their farms to get 30% more efficency from their own farm miners, noone else, whats that got to do with litecoin? Well if litecoin gets segwit the next logical step is btc gets segwit too cause afterall btc is gold compared to litecoin as silver, so segwit is not what bitmain wants for btc cause their power cost would rise 30%.Eventually bitmain give in and vote for segwit ( prob cause they dont want ltc to crash cause their making too much on their now sold out ltc miners) . And to top it off they prob "invent" a firmware issue on their ltc miners to drag out how long they can milk the ltc price by mining on  the very machines that the public have already bought and are still awaiting delivery!
LTC sold on the news, the news was segwit activation. Its what they do with segwit that matters. The bottom has been found a few hours ago ,  hopefully, looks like ltc rebound in the making now.. Just remember prices climb stairs and drop in elevators.

I would tend to agree with following conclusion, though road map was published, there is still no even close estimations on releases, so hope and wait and choose wagon on the train.

Still, if LTC wants to be used for payments, it has to stop such obvious price manipulation and stability, it looks like they drawing chickun face on past month chart if to put candle stick per 5-min.

We won't soon see this picture, stability of LTC or BTC to be used as money, they are much better as investments, this is the reason.
My experience tells me in this situation we must see another one pump, because volume is still very good, news is still hot, and whales are not satisfied yet. Those are conditions, we will see few days of accumulation and stagnation. I hope some will lose his nervs and cause dump, im sill at 0.01 waiting.