Bitcoin Forum

Litecoin may be doing ok against the USD, but it is so pathetically low against BTC. We are currently at .004 BTC per LTC. Will Litecoin continue to go the way of BCH? And continue to bleed satoshi value? Does anyone think there is a floor? Obviously this is speculation, I’m just curious on thoughts.

There's no floor. The price of bitcoin is still increasing a lot and litecoin was loosing more and more satoshi from day to the day.
That's why despite the fact that the litecoin holders were getting decent profit on USD pair but they were losing a lot on bitcoin.

Litecoin will follow BCH.

Instead on getting stressed out talking about declining prices then why wont see this as an opportunity for you to accumulate more? I would still risk out to buy LTC

rather than on considering those low rank altcoins in the market or even those low caps.In to the question on whats happening between LTCvsBTC then it all matters with several factors
like market demand, volume etc.

Depressed? Deal with it because this is part of cryptocurrency investment.

LTC/BTC pair is extremely bearish. For me, there is no sign yet for some reversal of LTC/BTC pair. This bullrun is already different compare on the previous one, which we saw Litecoin is following Bitcoin before, but look at now, Litecoin's all-time-high still 50+% more. Unlike other altcoins which their all-time-high already reached, just like Ethereum.

For OP, I would rather enter on breakout rather than finding the bottom. But it's still up to you, you just put stoploss, spotting the bottom is difficult, it is like catching a falling knive.

https://i.imgflip.com/4wwtk6.jpg

I own zero Litecoin. I’m just deciding whether to open a position. That’s all.

LTC just takes time for that. although currently the altcoin price hike is focused on ethereum and doge, there will be a time for LTC. besides that, LTC is still one of the coins that need to be reckoned with today. even the cointelegraph's price analysis says that, if a bull market for LTC arrives, the price could be as high as $ 200, or in bitcoin prices the equivalent of 0.005 BTC. source cointelegraph (https://cointelegraph.com/news/price-analysis-2-5-btc-eth-xrp-dot-ada-link-ltc-bnb-bch-xlm)

Based on TA though, the descending triangle consolidation has somewhat put to an end, so a possible break out run might be in the horizon. But is hasn't break the $200 price barrier and this is the biggest hurdle so far. So we need to wait till $200 is breach because once it has been surpassed maybe the bull run will start for LTC.

LTC doesn't deserve its current location. I think it's far below the prices it should be right now. Litecoin will come at a certain price, but it may not be as popular anymore. We will keep up with the developments regarding it and hopefully it shows good charts like coins at its level.

If you do not own litecoin, you do not have to depress because it wastes time. It is better if you focus on searching for potential coins, which can give you profit. And with the situation now, bitcoin will be the best coin you can use to trade. Besides bitcoin, you have ethereum as the next choice to trade. And for litecoin, I think you can buy it now as the price seems to go down for a while. But you should analyze more to find the right time to buy litecoin. But if you still feel depressed, I suggest you leave the market for a while and do something to refresh your mind.

Litecoin did not live up to the hopes of its many fans, who really believed that LTC could compete with Bitcoin itself. Analysts made too optimistic forecasts, and investors missed the first alarm signals. The crypto market is not predictable, not everything goes as we would like. :P