Bitcoin Forum

Hey guys,

Yesterday I noticed a +75% jump for Litecoin LTCUSD. Any clue of what just appened there ??

I think people ate beginning to get afraid of bitcoin's soaring prices. Anything could happen.
So switching to 'lite' bitcoin wouldn't hurt, you know.

Possible.

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Another possibility is the transaction fee in Bitcoin is getting expensive and the transactions are going quiet slow so altcoins like LTC would be a good chpice to use when transacting. Low fee and faster confirmation especially if you plan now doing arbitrage in Bitcoin's price differences across the exchangers at the moment.

I guess you’re both right, That’s the reasons I did choose LTC for invest...

LTC has always having the potential of moving in price. It is about one of the coins to look out for. The reason for this move is high demand by buyers.

I was wondering this myself. Maybe indeed the tx fees for bitcoin are insane.. and people's usual second, Ethereum, is jammed (I waited 3 days for my transaction to go through!). So LTC might be the 3rd choice.



Wow. That arbitrage comment just blew my mind wide open.. I've been reading about this arbitrage and seen some tracker sites, but never gave it that much thought, so never tried and figure out how it works. But reading this little piece of info, I can put the pieces together myself.. always great to learn new things :D thanks!

You’re welcome Guillzini  ;)

That is what i was looking for, it is exactly what is happening right now.

Everybody is moving their funds to litecoin only because of this:

1- The price is getting expensive, and bitcoin is going down.
2- Transactions are usually confirmed in less than one minute; in btc there are more than 180k unconfirmed transactions.
3- Litecoin is more stable, and it is never going down (the opposite of bitcoin)

Litecoin is probably stable because it has less investors, I doubt what happens if more people incline daily towards Litecoin.
But I agree with the first and second point. Litecoin is getting new investors and transactions are really way more faster with pretty acceptable and low fees. Litecoin is ideal for transaction as its volatility is negligible with fast confirmations and low fees comparing to fiat.

Litecoin could well be benefiting from bitcoins current minor struggles,
and also benefiting from ethereums congestion also.
Litecoin deserves to be way higher in value even after this latest rise.
One thing for sure about Litecoin, it is very reliable.

LTC futures. This is the straight forward answer. LTC to 500usd someday.

I think that's just the beginning, it's an adjustment to the rising bitcoin price. If the bitcoin price persists, I'm sure litecoin in 2018 would be great, to reach $400 maybe very fast, not even until mid 2018 will reach $400. all the altcoin that has started to rise and start to stabilize it could be bitcoin prices will also be stable for several months after fork finished. out of prediction, for one year this bitcoin movement is very fast and beyond the prediction of many people. many expect bitcoin to be only $5K, but the reality is up to $15K.

I missed the train  >:(

I read this signal in twitter and I check it but cant make an order because I am out of town and i forgot when i came back. Too bad for me, missed the opportunity. Good luck to those to ride with the pump.

we're in the same case  ;D
i read it from telegram notification, but i just active now because there any network problem, i think it's too late to involve now, meanwhile i little bit doubt in daily trading case, wont take risk highly. but i think if we invest in LTC, it will be good because it is good coin.

As we can know, Bitcoin price jump lots of last few day and start to go down now. Whales do not want to push the bitcoin price too early so Litecoin is good chance to make profit from whales.

Well, you can tell the alt in the trend and lightcoin is no exception. People are beginning to understand the risks of high bitcoin prices and are slowly looking for alternatives, in which the price increase is manifested.

It’s not too lare for those who want to invest in litecoin. There is a -15% down in the past 24 hours, the price is still low enougth to get a position

Pretty typical for a litecoin pump. When it becomes tightly correlated to BTC while BTC is trending upwards, watch out. I'm guessing it's run out of steam for now, though. I've exited all positions. I missed the last wave up but I caught most of the move trading LTC futures on BitMex.

Now that both BTC and LTC have pumped, that only leaves one more coin on Coinbase: ETH. So, ETH pump next week? :P

Are you going to put a buy order on LTC Futures??

This is happening due to people are selling their bitcoins due to its price fall after the huge bump so people want to convert their profit into good coins so people choose the stable coin like LTC.But now the price of litecoin and ethereum stated to increase so we can expect the price bump on both coins in the coming days.

Yes now a days LTC is growing very faster and i hope it will be more growing in a short time . Many crypto trader already hold this coin because they know LTC is growing and my brother hold $5000 LTC .

Yep, I just did

This type of jump is all because of Heavy increase in demand of bitcoin, which in result also made the litecoin and many other altcoin to rise as the Crypto coins with good projects and technology are sure to rise with bitcoin price. And people are really interested to invest in litecoin, which is a good sign for us to track this litecoin and make some good investment. You just track the bitcoin price and wait for dip over there and then enter some good altcoins like litecoin and you will gain some good chunks of money.

The reason is, too many investors would have invested in it as the growth trend is so good. I even see many threads speak more of Litecoins. Its listed in top 10 altcoins in coinmarketcap.com. Though there is a slight fall, the positive growth remains in its place.

I also track it daily with http://cryptomaps.org (http://cryptomaps.org). The size of the squares are the size of the market capitalization.

And we just got a nice small lift up for LTC today. Things are looking great with it  :D !!!


https://img15.hostingpics.net/pics/228939IMG1405.jpg (https://www.hostingpics.net/viewer.php?id=228939IMG1405.jpg)

1 - difference of transaction fee between BTC and LTC
2 - Litecoin more stable
3 - Many speculation : Steam is interested by LTC (no more BTC), and many contract with many e-commerce company

That's all i know, pretty sur it's going to get more and more

Possibility people are looking for a pump on LiteCoin so they're investing in it.

Pump and Dump... Whales that are bored of playing BTC and want to try something cheaper.

It was a nice jump.
Love it

wow it's a good news,another altcoin now is dumping. different with this one

Litecoin is the better choice for investing anyways. Once the public learns about altcoins, the money is going to be poured into successful altcoins. Bitcoin has too many flaws right now to be integrated into the general community and there a ton of altcoins that solves the problem. Invest now into altcoins and wait a few years to gather some profits.

I personally have some money in ETH/LTC and zero in BTC.

Maybe yes. But not all bitcoiners switch their bitcoin into litecoin.
But this alarm us to aware to litecoin now. So not only bitcoin can grow much but litecoin can be growing too.

Guys, looks like we got another big jump  ;D

+25%

https://img15.hostingpics.net/pics/874245ltc.png (https://www.hostingpics.net/viewer.php?id=874245ltc.png)

Ouch, I wanted to buy Litecoins when they were around 50 bucks. I had little money and invested all in bitcoins. Wont say it didn't pay off, I doubled my investment. But now I wish I had some litecoins.  :(

Once it drops I will try to buy a couple of them.

Sure thing Mrmuricy, I will get some more too !

going back to 0.02 LTC/BTC soon.  A lot of testing on lightning network and atomic swap going on for litecoin development team.

Litecoin has long been forgotten and people only focus on Btc, Ethereum and IOTA
Litecoin again said "I am here"

Going back to or going up to? The correct one is going up to 0.02BTC for litecoin in near future. Chinese guys are speculating good in Assian exchanges for litecoin. The development will be the key here for LTC.

This probably happened due to ethereum problems and bitcoin's fee/speed issues. I actually loved to see litecoin being alternative to biggest 2 coins in this situation. It means its great coin.

its not to late to invest in Litecoin!2018 it will boom!Moooonnnnn

The price of Litecoin jump much after Bitcoin jump, i think this is normal because Litecoin always bump after bitcoin bump.

i dont think so. it already pumped.
i do not think it will be a big rise. if it goes up to $ 200, maybe my idea might change :D

Charlie seems to be dedicated to seeing Litecoin's price rise.  Having such a vocal creator must be helpful at gaining recognition from those just learning about crypto.

litecoin has shown a good price movement by raising + 75% to date. litecoin in 2018 will be one of the coins that have good price and also high selling value. very potential if holding litecoin until 2018.

Bitcoin price jumped to $16K, pair bitcoin-litecoin raised a bit(from 0.009BTC per LTC to 0.011btc per LTC) there you go. Litecoin price jumped from 75$ to nearly 200$. If this tend continue we could see even higher price.
Oh, why? Ether and bitcoin are stuck? Maybe that is the reason. People switched to LTC.

The bad part from the standpoint of miners is that SOMEONE deployed a TON of hashrate into Litecoin between about 4 December 2017 and 10 December 2017 - literally DOUBLING the total network hashrate in a WEEK.

 45 (more or less) TERRAHASH - when the biggest miner that had even been ANNOUNCED at the time only did about 600 - at LEAST 75000 new miners in a week out of SOMEWHERE.

 Might have been a combination thing - LW.com dropping a new batch into their farm + Bitmain shipping their latest L3+ batch + Innosilicon, but that is STILL the equivalent of all miners shipped in the first 11 months of 2017 COMBINED and then a bit.

There aren't a lot of other Scrypt coins, and all of them COMBINED couldn't come up with that kind of hashrate.


 I was wondering why my profitability since Litecoin slipped back down in price had COMPLETELY died.



 Price wise, Litecoin has almost held on as well as Ethereum, both have held on better than Bitcoin, during the current month.
 It also didn't start climbing 'till almost 2 weeks AFTER BTC and ETH started their December "big jump" - but it caught them very quickly on a percentage of jump basis.



People don't focus on Iota, it's FAR too little known.
In fact, your mention of it is the first time I've HEARD OF it.
They focus on RIPPLE more....

I think ltc will jump and fly higher again 1-2 weeks ahead. I hope you stay there. yesterday many people running away from this line they regret it now
very unusual this was unexpected. yeah coordination between btc and ltc so good