Litecoin Skyrockets past $60

[Vladdirescu87]

As of Sunday, Litecoin has roared past its own highs and traded past $64 before finally stabilizing at $62. This price surge is surprising as other cryptocurrencies have seen little to no gains over the last week.

Litecoin hovered in the mid to high forties since its last increase in July. However, starting on the twenty-sixth of August, Litecoin gained 18.8 points. This 18.8 point increase led to Litecoin outperforming other major cryptocurrencies such as Ethereum and Bitcoin. For the first time ever, Litecoin’s market cap also exceeded 3 billion dollars making it the fourth largest coin by market cap.

Read the full article: https://coinidol.com/litecoin-skyrockets-past-60/

[groko271]

I have been hodling mine since I mined them years ago. I almost sold after the segwit induced price spike but have resisted until now. It seems the price has stabilised now for some sideways movement which is good. (possible a $5 correction downwards)

[thejaytiesto]

I have been hodling mine since I mined them years ago. I almost sold after the segwit induced price spike but have resisted until now. It seems the price has stabilised now for some sideways movement which is good. (possible a $5 correction downwards)

Congratulations to the winners (these that still decided to hodl pre-segwit activation in bitcoin). Honestly I see no reason for LTC to go up anymore, the fundamentals aren't as interesting. I guess lightning networks and atomic cross chain transactions etc could make it relevant again, but im not going to risk BTC holding LTC for the time being. I think there are better bets to make out there.

[RedNovember]

I have been hodling mine since I mined them years ago. I almost sold after the segwit induced price spike but have resisted until now. It seems the price has stabilised now for some sideways movement which is good. (possible a $5 correction downwards)

Congratulations to the winners (these that still decided to hodl pre-segwit activation in bitcoin). Honestly I see no reason for LTC to go up anymore, the fundamentals aren't as interesting. I guess lightning networks and atomic cross chain transactions etc could make it relevant again, but im not going to risk BTC holding LTC for the time being. I think there are better bets to make out there.

This is what I was saying when LTC was 3$ for such a long time - had I known how much segwit would have benefited the coin...would easily have become a filthy rich animal

[thejaytiesto]

I have been hodling mine since I mined them years ago. I almost sold after the segwit induced price spike but have resisted until now. It seems the price has stabilised now for some sideways movement which is good. (possible a $5 correction downwards)

Congratulations to the winners (these that still decided to hodl pre-segwit activation in bitcoin). Honestly I see no reason for LTC to go up anymore, the fundamentals aren't as interesting. I guess lightning networks and atomic cross chain transactions etc could make it relevant again, but im not going to risk BTC holding LTC for the time being. I think there are better bets to make out there.

This is what I was saying when LTC was 3$ for such a long time - had I known how much segwit would have benefited the coin...would easily have become a filthy rich animal

Hindsight is always 20/20... you have to look at what's happening now and see how it will go into the future.

If you want to make more BTC and you don't want to trade against fiat in order to stay within crypto which is reasonable in order to avoid the fiat-taxing mess, you need to look at solid coins with liquidity, and I guess LTC is a decent bet compared to the rest. But the fundamentals are obviously not as attractive anymore in a post-segwit environment. It may pump again when sidechains and LN are a thing.

[Sephire]

Saw Charlie Lee's (LTC founder) tweet saying that he tested very first lightening network(LN) transaction on
 LTC mainnet today.  This big rally seems to be about LN activation on Litecoin network soon.
Anyway, LTC is very bullish though may need a pullback before it goes over $100 in next month or two.

[Omega Weapon]

I have been hodling mine since I mined them years ago. I almost sold after the segwit induced price spike but have resisted until now. It seems the price has stabilised now for some sideways movement which is good. (possible a $5 correction downwards)

Congratulations to the winners (these that still decided to hodl pre-segwit activation in bitcoin). Honestly I see no reason for LTC to go up anymore, the fundamentals aren't as interesting. I guess lightning networks and atomic cross chain transactions etc could make it relevant again, but im not going to risk BTC holding LTC for the time being. I think there are better bets to make out there.

This is what I was saying when LTC was 3$ for such a long time - had I known how much segwit would have benefited the coin...would easily have become a filthy rich animal

We all have some regrets when it comes to investing, LTC is now trading above 80 dollars but there is no point in regretting that, the best thing we can do is to concentrate our efforts in order to find the next coin with great potential, it is not easy but the good thing is that you only need to be right once and if you are then you are going to forget about your past mistakes.

[alyssa85]

Saw Charlie Lee's (LTC founder) tweet saying that he tested very first lightening network(LN) transaction on
 LTC mainnet today.  This big rally seems to be about LN activation on Litecoin network soon.
Anyway, LTC is very bullish though may need a pullback before it goes over $100 in next month or two.

The big question is, will anyone use the lightning network on litecoin. They arn't using segwit, (even on bitcoin segwit use is very low).

[GreatOrchid]

It has been a very good day for litecoin yesterday, it pumped from $65 to $85 right now, more than 20% in a few hours.
Does anyone knows why all altcoins pumped yesterday? i am so impressed about that and i dont know the reason of that pump..
By the way, i really think that litecoin will continue growing until it reaches $100. Looks like litecoin is following monero's path to $150

[Similificator]

As of Sunday, Litecoin has roared past its own highs and traded past $64 before finally stabilizing at $62. This price surge is surprising as other cryptocurrencies have seen little to no gains over the last week.

Litecoin hovered in the mid to high forties since its last increase in July. However, starting on the twenty-sixth of August, Litecoin gained 18.8 points. This 18.8 point increase led to Litecoin outperforming other major cryptocurrencies such as Ethereum and Bitcoin. For the first time ever, Litecoin’s market cap also exceeded 3 billion dollars making it the fourth largest coin by market cap.

Read the full article: https://coinidol.com/litecoin-skyrockets-past-60/

Wow, that really is a pretty huge increase in price! GAWD! Wish there were ways to invest into altcoins and bitcoIn in my place. And i wish i had work to get funds for investing. Really depressing to have your own predictions in your mind about a certain altcoin and can't do sht but just watch your predictions comming true without getting anything out of it. :/

Really nice if you held on to your litecoin up to now. And i suggest it is the right time to sell. Because I can't see anything more from litecoin after this price increase. Better invest in some other coins out there.

[Omega Weapon]

I have been hodling mine since I mined them years ago. I almost sold after the segwit induced price spike but have resisted until now. It seems the price has stabilised now for some sideways movement which is good. (possible a $5 correction downwards)

Congratulations to the winners (these that still decided to hodl pre-segwit activation in bitcoin). Honestly I see no reason for LTC to go up anymore, the fundamentals aren't as interesting. I guess lightning networks and atomic cross chain transactions etc could make it relevant again, but im not going to risk BTC holding LTC for the time being. I think there are better bets to make out there.

This is what I was saying when LTC was 3$ for such a long time - had I known how much segwit would have benefited the coin...would easily have become a filthy rich animal

Hindsight is always 20/20... you have to look at what's happening now and see how it will go into the future.

If you want to make more BTC and you don't want to trade against fiat in order to stay within crypto which is reasonable in order to avoid the fiat-taxing mess, you need to look at solid coins with liquidity, and I guess LTC is a decent bet compared to the rest. But the fundamentals are obviously not as attractive anymore in a post-segwit environment. It may pump again when sidechains and LN are a thing.

If you think that bitcoin can go up when the lighting network is in full effect then I do not see the point of waiting until that becomes a thing, invest now and then when the rumors that everything is ready begin to come you will be well positioned to take advantage of the news, I can easily see LTC doubling in price after the enthusiasm of the news that the lightning network is finally operational.