[LTC theory] Chinese are making up for lost time (expect $50)

[Red-Apple]

my theory is that litecoin is being pumped (like many other times before) mainly by Chinese whales.

• We already know their biggest exchanges only have BTC and LTC
• These big exchanges have been out of business because of PBoC
• But they recently came back to work strongly than before
• Chinese volume is already up, for example OkCoin has the highest volume in LTC market right now
• the second rank is Huobi again in LTC/CNY market
• 5 out of 10 top vol is in LTC/CNY

with these factors i say we are in for a ride of our lives. price can easily go up to the ATH of 0.032BTC and this time litecoin can easily be worth $50 in less than 3 days.

what do you think?

[mining1]

No. The reason of this pump is simple; everyone knows bitcoin and litecoin are mined with asics, which means bitcoin whales also own shitloads of litecoin, or atleast those that haven't dumped it yet. But also everyone knows bitcoin's problems. So these whales are trying to lure more greater fools into litecoin by making them believe bitcoin whales are diversifying their money into ltc. The same happened with few other projects out there.

Currently, the only safe havens are fiat, USDT and ethereum. Almost every other project is a gamble. Some have more pump potential than others, but still a gamble, since they either don't have a working product or they aim to be 4636th clone of btc which isn't something special.

[dfd1]

No. The reason of this pump is simple; everyone knows bitcoin and litecoin are mined by asics, which means bitcoin whales also own shitloads of litecoin, or atleast those that haven't dumped it yet. But also everyone knows bitcoin's problems. So these whales are trying to lure more greater fools into litecoin by making them believe bitcoin whales are diversifying their money into ltc. The same happened with few other projects out there.

Currently, the only safe havens are fiat, USDT and ethereum. Almost every other project is a gamble. Some have more pump potential than others, but still a gamble, since they either don't have a working product or they aim to be 4636th clone of btc which isn't something special.

All three of them centralized premined and controlled currencies. One of them even bundled with botnet.

[Red-Apple]

No. The reason of this pump is simple; everyone knows bitcoin and litecoin are mined with asics, which means bitcoin whales also own shitloads of litecoin, or atleast those that haven't dumped it yet. But also everyone knows bitcoin's problems. So these whales are trying to lure more greater fools into litecoin by making them believe bitcoin whales are diversifying their money into ltc. The same happened with few other projects out there.

Currently, the only safe havens are fiat, USDT and ethereum. Almost every other project is a gamble. Some have more pump potential than others, but still a gamble, since they either don't have a working product or they aim to be 4636th clone of btc which isn't something special.

you can keep dreaming and trying harder and harder with you spam all over the forum so that your bags of ethereum may be worth a little less and you can dump with smaller loss. otherwise it is a dead coin.

and all the things you said about these coins are just your dreams. altcoins are getting pumped.
your beloved ETH was pumped and now whales are getting out and entering other altcoins to pump those, very simple procedure. you dump ETH and buy another altcoin.

the difference about litecoin is that Chinese are always behind it and when they get pumping they pump it real hard.

[shyliar]

Volume is high in China today; but, price is lagging behind the western exchanges significantly as it has been for the last week. On price the west is leading the charge not China.

http://coinmarketcap.com/currencies/litecoin/#markets

Take a look on GDAX LTC/USD since litecoin is now available in New York. The price jump is significant and likely new USD flowing into Litecoin.

[toygg]

I wish we could all know when they start pumping it and then we can just copy their trade and earn a neat profit on it.

[NemJoker]

my theory is that litecoin is being pumped (like many other times before) mainly by Chinese whales.

• We already know their biggest exchanges only have BTC and LTC
• These big exchanges have been out of business because of PBoC
• But they recently came back to work strongly than before
• Chinese volume is already up, for example OkCoin has the highest volume in LTC market right now
• the second rank is Huobi again in LTC/CNY market
• 5 out of 10 top vol is in LTC/CNY

with these factors i say we are in for a ride of our lives. price can easily go up to the ATH of 0.032BTC and this time litecoin can easily be worth $50 in less than 3 days.

what do you think?

ATH is 0.05188 set on btc-e on 2013-11-24

[FOMOFish]

Volume is high in China today; but, price is lagging behind the western exchanges significantly as it has been for the last week. On price the west is leading the charge not China.

http://coinmarketcap.com/currencies/litecoin/#markets

Take a look on GDAX LTC/USD since litecoin is now available in New York. The price jump is significant and likely new USD flowing into Litecoin.

Ltc moon.

[Eo]

Foundation approved

https://twitter.com/TheRealXinxi/status/848747168085139456

[Eo]

this time litecoin can easily be worth $50 in less than 3 days.

what do you think?

What do you think now?

[beerlover]

It is a possibility but not as high as people think it will go. Yeah they are buying and selling LTC which increases the volume of it and since its more valuable the price goes up but there is a up limit, I think LTC is too big to Dump and Pump so it is an actual price variance.

[Red-Apple]

ATH is 0.05188 set on btc-e on 2013-11-24

apparently i missed that

this time litecoin can easily be worth $50 in less than 3 days.
what do you think?

What do you think now?

i am disappointed in my timing but i still think that $50 is a possibility for litecoin. and it is on a good path up anyways.

It is a possibility but not as high as people think it will go. Yeah they are buying and selling LTC which increases the volume of it and since its more valuable the price goes up but there is a up limit, I think LTC is too big to Dump and Pump so it is an actual price variance.

other altcoins that have been getting pumped in the past 30 or so days have been huge too. if litecoin is not bigger than them it is just as big.
and i disagree, the altcoin being big means they can go even higher. we have seen this case with Dash recently and it was out of nowhere.

with litecoin we at least have some good news backing it up. and that is the 50-60% segwit support.

[cosmicblue]

Might as well hodl some for the long haul.
It couldn't hurt to do this and if it goes down so what it's bitcoin's step brother afterall.
They started this thing back in 2009. Right?