Bitcoin Forum

Hi,
LTC seems to be doing alright, lately. Especially against BTC. It's going up on a steady pace.

I was looking at the coingecko graph and I notice that the trading volume looks very solid, lately, and it seems to go upwards. (Not sure btw where coingecko gets its info from).

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

Two questions.

a) Why is Litcoin doing so well of late?

b) How can we explain that solid trading volume?

thanks

LTC all-time-high: $360
Current price: $59

So it is still far cry for it's all-time-high. We have been bitcoin going strong lately and touches $4k, and as we all know that altcoins follow bitcoin price, so this might be the likely case for now.


Please see my answer on your first question. But I will tell you a little secret about Litecoin. There will be a block halving in 136 days so be sure to stack up today and accumulate and wait for the next block halving and I'm sure that the price could go on another all-time-high. ;D

https://www.litecoinblockhalf.com/

Litecoin waiting for a good moment to increase and I am sure that it will go high. You only need to buy more litecoin if you want to make a lot of profit from litecoin ;D

I cannot explain that thing because I only see what I see now in the market although I am preparing to sell my litecoin at the very highest price later ;D

Litecoin still on a good way to increase although the price is up and down because it's normal and when the time comes, the price will fly to the higher price.

Litecoin more strong than BTC because the price already going up more than 100% from the bottom but BTC still stay in the bottom. In my prediction, the price of LTC has potential to going up to $100 because others altcoin already rally up to 400%. The price keep going up because they has partnership with big company.

Thanks for all the input.

Up to now the only useful info seems to be the block reward halving which would explain the steady increase of the price.

Any idea why the trading volume has become so steady and solid (like shown in the chart I included) ?

a) I assume its due to the implementation/test of mimblewimble.
b) Litecoins halving will take place by August time.

Well you can't cry fair deal just because of the limited increase and steady trading volume of LTC because before it arrived at this price don't forget LTC was at it all time high of $360 and now trading at $50 above.

litecoin has always followed bitcoin. in fact LTC has been the only altcoin that has always followed bitcoin, for example when bitcoin rises LTC follows while other altcoins get dumped.

and right now bitcoin is in its accumulation phase and if you look at the charts it is the exact same thing, higher volume a slight price rise and the price is getting ready for a launch.

definitely, the percentage of improvement is more improved in LTC to do so I think from this situation to take off this very important father development of LTC and make instabilities also very comfortable with the investor's right now.

I think it is a very good thing for ltc, I really don't know reasons for the price spike but good to see the pairs lively and making good profits for its investors. I wish I made some investment on ltc, would have been smiling

Investors are trying to pour savings into other coins besides bicoin, which is not surprising given the situation in the market, everyone wants to find a stable coin.

Joining the mimble wimble protocol and approaching the block reward halving, do make sense.

Thanks.

Why are people head bent on seeing the price of LTC go up, I am saying this because I have seen a lot of topics on the growth in the price of LTC even more than the growth in the price of bitcoin. I don't think LTC have anything new to offer for now because all it's features can also be found in bitcoin making the coin not so useful since we can make use of bitcoin instead.

Though I am sure that we are going to see a significant rise in the price of litecoin because it is one of the coin that was first founded in the onset of cryptocurrency and it's controlled by an influencer.

Who is "we" ?

I'm asking because personally I prefer paying with litecoin instead of bitcoin. One of the reasons is because prices make more sense in LTC than in BTC where you end up using zeros after the decimal. Of course you can say "satoshi" but usually you just see amounts in BTC.

When I know that LTC is, for example, 50 EUR and something costs 2 LTC, in an instant I have a sense of the price in my everyday currency, the euro. When I know that BTC is about 3500 EUR and something costs 0,03 BTC I cannot adjust that quickly. But then again, that's how it works with me.

I'm sure someone else prefers to pay in DASH for his own reasons.

So, there's no real "we". There are lots of currencies, and we all pick the ones we like to use.

Litecoin already had the price it never deserved. However, until a few months ago, the situation caused the prices to be traded at very low prices. And I am associating it with the saying that ''the price drops more and more is the reason for the increase".

That as a statement doesn't make much sense except if you back it up with some objective data. Which I'm sure, you can't. I mean, what does it even mean in that context the word "deserves"...

The same way someone can say "Bitcoin reached a price it never deserverd" or "gold reached a price it never deserved" or "diamonds reached a price they never deserved".

It's not a question whether it is useful (which btw it is), and it's not even a question whether we could pay with bitcoin instead of litecoin (the world could just use USD but there is EUR together with a long list of other fiat).

It's the law of supply and demand, among other things, that makes things have a certain price.

I do have a small amount of litecoin, but I'm not updated very much on Litecoin, this is the first time I read about Litecoin block halving, I guess this the right time to accumulate Litecoin right now that's only 4 months away it's one of the most stable right now compared to Eth and Bitcoin.

For us now the litecoin price has started to rise and is quite profitable. for the end of the year there seems to be more improvement. litecoin
This is a crypto currency that has great potential. By the end of 2018 it will increase rapidly. And litecoin has great potential and a bright future.
Litecoin offers lowered transaction fees, making it a more economical choice for transactions. The progress of Litcoin over Bitcoin can be seen directly from the ltc to btc (https://coinswitch.co/app/exchange)graph.
 If anyone wants to profit from litecoin, this is the right time to buy.

I seem not to get where your idea is. Are you saying ltc doesn't deserve the price on the high or on the low ?

Anyway, Ltc is a very good coin and has made some good moves to show that from 2017 before the bear. So, I don't know if I'm supporting your views on ltc  ;D

Good analyze there
And yeah, most of the major altcoin aside from Bitcoin are actually accumulating up its volume and price were moving upwards

But still, it really looks at if the momentum keeps up or just a short term one
If the volume can consistently went up, you know what's the next thing :) - Bull

This situation has happened and I think that this is due to the increased interest of the community in this project. You see how today a very large number of people are trying to earn money and they can do it, but it is already too late here, but this is my opinion.

1) I suppose there was growth because of mimblewimble implementation
But I also found out that btc and ltc are closely connected, maybe it's also because of btc's growth

But this is not the case here.

BTC is rather stable when LTC has been bullish for some time, and that is why LTC is becoming more expensive, against BTC, like shown in the graph I posted.

For the rest, it's a valid statement that in general, the whole crypto world is connected to Bitcoin.

Many people believe that the crisis in Venezuela and the upcoming halving event is the cause.

I have seen some news saying that litecoin is the most used cryptocurrency on dark web and I think this is one of the reasons why the price has gone up in the last time. People prefer this coin on dark web because it is much faster while fees are cheaper and some statistics say 30% of dark web transactions are made with litecoin.

There's a few reasons including a recent re-branding, announcement of a mimblewimble implementation, and the upcoming block halving event which have contributed to both daily volume and the overall value and it will be interesting to see what effect the halving has on the market cap in the lead up to it as this may demonstrate what kind of potential similar events might have for other assets

I don't think we can just determine the coin value based only the comparison between it's all time high and current price, since the market condition is not very well lately, and I think what OP want to point out is that the daily trading volume of LTC is pretty good while it does not directly effect the LTC price, it is a good sign that LTC market is very active. And the price is actually raising slowly.

For me LTC is a decent project, it won't replace bitcoin as the main payment cryptocurrency, but it will still be the first alternative beside BTC.

I saw that before, and guess what, I entered on LTC at the price of $40.00. And my position is still open. I entered on LTC via pure technical analysis, no fundamental analysis involved. Litecoin is also good for long term position since I bought it at $40.00. I will hold it until my technical analysis is valid. But once it will break the current support, will take profits and close my position.

At least, right now you got a profit for $20 per 1 LTC. I am buying LTC too when the price is at $41-$42 and still holding until now. And if I watch on the trading history, it seems LTC has a good way to moves so if nothing bad happening, then I am sure that LTC will give a big profit in the long term. Although the price is up and down in every day, I think LTC still strong to keep the price to be stable and it still going on to the higher price.

We don't have to worry if the situations will be like this because if the price is down, the down will not be too deep, and it will back to the last price again. Soon, the price will break the higher price.

Litecoin has been doing great lately and I am also sure that that halving will sure surge the price of litecoin And I am so sure that the impending LTC will also have positive impact on the value of bitcoin too as both are being paired.

Aside these activities you mentioned that could make the price of LTC surge higher, many people with these believe that halving usually cause the price of a coin to increase drastically in value will lead to most present and future investors to buy more of the coin which will further push the price of coin upwards. It is really a good thing that the halving of LTC is coming at the time the market needs recovery.

Of course we need to see it's previous high and see where we at right now. Just look at bitcoin price and people are hoping that it can surpassed it's last all-time-high.

Bitcoin market is also active but it doesn't reflected on the price itself. Maybe trading volumes is going up, but not a good indication for the next rally what we all have been waiting for. The big catalyst is the next block halving which I'm sure everyone is waiting for.

Climbing up even higher.

yes by seeing the price of bitcoin rise, hopefully litecoin can follow to rise. because when viewed from normal, when bitcoin increases, all altcoins always go up.
it seems like we only need to wait a while longer to be able to see litecoin go up bigger.

Well there has been a lot going on with litecoin. Great developments as well as more features in the public eye (like sponsoring UFC fights). The other reason is likely because of the halving coming up this year - August if I remember correctly off the top of my head.

Whole market jumped today, which likely signals an good end to winter. We'll probably see prices settle a bit but then start moving positive on a regular basis.

This year seems to be good for almost all the good coins i hope we will see bigger bullish movements in coming weeks and finally see a hundred percent recovery to the previous all time high levels which will be great if we reach before the end of this year.

Litecoin is a dumped project. It's founder has abandoned it and it's upto some volunteers and miners to make it stick to that price.
With no leadership or collective support, the coin is sooner or later is going to be dead. Unlike bitcoin which has a working foundation and large community, litecoin has limited resources to survive and prosper.

It seems to me that litecoin is now developing very quickly , I think you need to invest in it , this year I think it will be above $ 100 worth !

Litecoin is a coin that has been viewed in two eyes by Cryptocurrency investors and traders, and this is proof that this coin has a very high potential to have high value. then there is no reason, not to buy and hold this coin for a long time, until the price goes to the moon.Litecoin is one the potential coin whose transactions take lesser time and are safer than other coins.

Litecoin offers lowered transaction fees, making it a more economical choice for transactions.

Current LTC price is $70.94 and is a good range to buy Litecoin with USD. (https://coinswitch.co/app/exchange?from=usd&to=ltc)

LTC has impressive growth, it surpassed the price before the November panic sell.

It has been one of the most bullish big coins lately and still continues this way. It has reached the 0,017 BTC and has a good potential to go even higher.

It also had a good competition in this current market situation so the investment on litecoin will be probably right decision in this current situation so it will be a huge opportunity to invest and get the profit in very quick time so if you had some less investment you can definitely do it now.

The Litecoin was doing well because the Litecoin Foundation are into serious promotions (UFC227, UFC229, and Racing Cars). The Litecoin Foundation are not joking this time around. they are investing heavily on LTC promotions. they are trying to keep off with the trend and it is clearly working for them.

LTC has increased by more than 100% and this is what makes me most interested in this coin. Although it did not have any price increases last year, this year LTC showed a very good return and many pumps are operating in this coin. I think maybe in April the price of LTC can reach $ 150 and let's wait for what will happen to this coin.

I am still not quite sure if it will level up to Bitcoin's. but as long as the developer will continue what is on the platform, the prices will eventually rise.

I also don’t know exactly about the reason for the price increasements. But it was really very amazing spike for ltc. I've earned big amount of profits.     

Almost hitting $100 yesterday this means litecoin is now into.moving up situation as we also know how hard this coin experienced from the bear market of 2018 in which from rank number 3 falls down to rank number 8-9 things that very frustrating for the litecoib supporters so i think investing in this coin is appropriate to do now compared to the past struggles

The very reason that triggers the price of Litecoin because of the upcoming halving on August. And it's just around 122 days before that event which means rewards will be decrease into lower that will make the demand higher.

https://www.litecoinblockhalf.com/

https://dapplife.com/litecoin-ltc-surges-as-augusts-block-reward-halving-approaches/

https://www.forbes.com/sites/cbovaird/2019/04/05/litecoin-has-climbed-more-than-200-this-year/

https://blockmanity.com/news/litecoin/litecoin-ltc-hashrate-close-to-all-time-high-ltc-crosses-80-for-the-first-time-after-november-2018/

Indeed, the price will have a great future once ltc community will always be visble to other people who choose this type of coin investments. Development is the key to success of every crypto regardless of adoption, because of hesitation these days due to market bearish effect. Fortunately, it doesn't stop us from facing challenges even though it's hard enough to pursue that plans while observing struggles behind.

The movement of the LTC is good and this is a long journey that hasn't ended yet, we will still see that the LTC will grow well and continue to keep up with the current. A good opportunity to be utilized or is it still holding back to be even higher? Do it according to your heart's content for the future.

LTC block reward halving is due in August so it is going to stay bullish going in that. It is great coin to buy and hold.

I have the feeling that it won't be very long before it reaches the 0,02 BTC. Being so bullish and catching on earlier than the rest of the market, and with enough space till the halving, I wonder whether it won't reach a new all time high against BTC (like surpassing the 0,023).

Still in the $85/$89's, still very bullish.

As others have pointed out, there is a block halving schedule, so this might be the start of the bullish trend leading to the day of the event.

Also the market has somewhat recovered when bitcoin suddenly spike in the last 5 days or so bringing all other top 10 coins as well. So let's see where this ride will go, we are still very far from it's last all time high, but we are making gains now, so just continue to HODL.

The price of LTC is not in a good condition at this time. But I still believe because LTC has such a large user base. the development of LTC is important and deserves priority. we will see changes in LTC prices throughout 2019. This is a part of the coin that developed since the beginning and even the LTC had reached the highest peak with rates that prices were so good.

I am really surprised how well LTC keeps it up! 2 years ago I thought this coins would slowly die and disappear but it seems it is stronger than ever! It is a demonstration that not only technology but also the community and the brand counts a lot in the crypto world!

I believe this is due to the growth of Bitcoin recently and if Bitcoin continues to grow more then we will see more altcoins going to grow in the future. As of now we see some greenish in the market and this is a good sign that we are almost in a bullish market.

Yeah and until now it continues to go up,no wonder this is the recovery that has been speculated for long tims after litecoin lost its popularity and support from investors since the dumping year of 2018 .and i am lucky enough that u manage to accumulate  this former top 3 coins from the deepest price,and now i can feel my profit fron trusting this coin

Yes, LTC does have a good move so that its value can make people find profits. We can hold it for the long term and we will wait in August, surely we have more value and decent profits.

LTC is a very good coin and up to now, the value has gone up. I personally profit from LTC trading. I hope prices will continue to rise because the price of Bitcoin is also heating up. The market now looks excited because all the coins are green.

they have a strong team that continues to be developed, I also think so in the last 2 years Litecoin price movements have not experienced a sharp increase but a few years back this type of coin is quite stable and often decreases. but this year Litecoin price movements experienced extraordinary things, experienced very high increases and price movements did not follow the number 1 coin increase (Bitcoin)

I am not surprise about the performance of Litecoin, the halving even in coming around June?July this year and I expect people to start pricing the halving event into the price, in short term I expect it to outperform most of the big cap coins in short term

Litecoin is one of the coins that has benefited from this recent bullish trend and currently its close to $100 the value that some speculators said it will not get to in this year 2019! It is truth that the bull run has commence and litecoin will keep going up.

Why bitcoin price is not so high as last time when was high? Because of the bitcoin price. But by the way litecoin doing well and the price is where is, but to have a good grow of price in USD we need also bitcoin to go to over 10,000$ and also LTC to maintain price on bitcoin or also to grow at over 0.02 btc.

I think that the dynamics of litecoin give it all the potential to suprass the all time high against BTC. It won't come as a miracle to me if within the next 3 months (most probably sooner, though) LTC reaches the 0,023 BTC.

In addition to the halving event litecoin is more useful as a currency because it has a more practical transaction speed. Dark markets prefer litecoin for this very purpose, not just monero

Yes, Litecoin price is going up, not only Litecoin though but also ethereum and bitcoin cash also increasing, most of altcoins too.

I don't know what is the reason is but if the price increase it means a good news for me, also the market is on green right now, bull market we coming!

LTC is really pleasantly surprised by the increase in prices and the volume of trades. Many investors made a good profit when the price rose by 300%. But I believe that those who enter Litecoin now will also make a profit, because its price continues to grow rapidly.

LTC and BCH compete with each other, good capitalization with the increase in bitcoin this month. LTC won't stay still and this gives positive ions to continue to grow and move well.

LTC is very well developed now, all too focused on bitcoin and ethereum so maybe the LTC is still not full. I will enter LTC into my list maybe for number three later after bitcoin and ethereum

Are you kidding?LTC has been in top 3for long before the bear of 2018 comes and before the centralized coin Ripple interrupts the market and backd by Banks
I am very hopeful that litecon woll regain the popularity and the investors who trusted this in past,and also i am very fond that this coin overtook the position from BitcoinCash

if you ask me, LTC is all good and well https://www.coingecko.com/en

Precisely, studying the history of this project will give you a good idea how strong this coin was, this current momentum is surging as expected halving
is coming, accumulating period for those who believes that there's a good potential rise that can lead to a new ATH.

Why is it collapsing now this much? It went from 0,018 all the way down to 0,013 today.

Litcoin way back 2018 is very good at increasing. Today they increase almost 250% so it is normal to see that the volume and gains of this said token is decreasing. I am also a fan and trader of ltc and I see that there is no problem if the value decreases right now. The market also plays a big role why the value isn't stable.

LTC will hit the 100$ if prices can stay over the 80$ price tag. There is no chance to come down under these conditions but the future of cryptocurrencies are unpredictable.

Yes, much less fee on litecoin. Did you know that there's rumor that Litecoin will implement the mimblewimble protocol?
I think one of the reason why litecoin climb so fast in last month. The volume of litecoin is also increasing and the price action. LTC is rank 5 now on coinmarketcap.

I guess that reason should be the bitcoin SV, The bitcoin sv gets a big problem due to a lot of delisting news make those BSV traders moved toward another coin just like litecoin and bitcoincash.
It's caused by other reason.

I think it's a bit more than a rumor. Litecoin generally tends to implement these things faster and quicker and then pave the way for other coins like Bitcoin esepcially. Litecoin is always a good coin to have because of this, because its development is respected and it is willing to test out new tech without all the drama of fighting over which tech is better or "more true to the original vision".

I still remember when 1 LTC = 3usd and didn't buy  :'( :'( :'(

Imho LTC is much better than other forks. LTC is like a test net for BTC and looks very solid. And all this B trash was created just for speculation.

The Litecoin block mining reward halves every 840,000 blocks, the coin reward will decrease.So to compensate the price of mining it is quite obvious that the price will shoot up.August 6,2019 is approximate the scheduled date for the event.We had already witnessed what happens when halving occurs.Now many potential investors and traders are looking forward to it and take the advantage.

today. I see a bounce zone on the LTC market. that means we have to take swift action to take advantage of the LTC market. LTC is a trader favorite coin. but I don't like LTC. the development of the LTC platform is slow and boring.

Yes, the Litecoin price almost hit $100 back then on 7 April but it's going down again until $73 right now.

The volume trading is fine, there is a potential for ltc price to increase again, just wait i guess. When the bullish market come, i'm sure it will increase so high.

The future of coin like LTC is really unpredictable and I don’t know if LTC is among the coins that has bottom or not, and probably we may still experience a further decline because I hear more of other altcoins than LTC, right now the major dominants of these coins are Bitcoin and Ethereum which they have always been.

Litecoin community are still very strong from what I can see in the market but they really needs to hold the coin firm because I am not so sure if it will be able to hold the 5th position it is on the coinmarketcap longer and tither. The coin I am expecting to outperform all these altcoins is BNB and in the next few months, the volume might grow higher.

I confused a little about LTC development. Who will be pay for new tech. Charlie sold his LTC, who will invest in LTC development now?