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alt19 (OP)
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June 14, 2015, 11:48:44 AM
Last edit: June 14, 2015, 12:00:53 PM by alt19 |
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Will the LTC price hit $3 this summer? We'll use altcoin wide market indices to try to predict LTC price. Let's compare daily charts of LTC/USD (Litecoin, btc-e) and ALT100 index (BTC value). ALT100 Index is a wide market index (based on value of 100 coins, being traded on Cryptsy). There are three evident divergences, and all three successfully have predicted LTC price earlier.  Now LTC long term trend is still down, but wide market index ALT100 trend is already up. In 3 previous similar cases of 2015, LTC has followed ALT100 (a chart). Let's predict that LTC will hit $3 this summer. Note: there may be another divergence later which would signal to sell LTC. But now strong BUY (BUY signal has appeared in May when LTC price was flat $1.5, see a chart). |
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lordoliver
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expect(brain).toHaveBeenUsed()
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June 14, 2015, 12:08:16 PM |
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Depends on the price of btc. If its dropping again, ltc will follow. If it found its support and rise, we can also see 5 or 10$ for LTC this year...
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alt19 (OP)
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June 14, 2015, 12:24:21 PM
Last edit: June 14, 2015, 12:42:12 PM by alt19 |
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Depends on the price of btc. If its dropping again, ltc will follow. If it found its support and rise, we can also see 5 or 10$ for LTC this year...
Evident idea... But this idea may have many variants, btc price can drop to 200 and find its support there, can rise to 300 and start dropping from that level, etc... LTC depends on BTC in general, like the whole crypto world, but Litecoin also depends on altcoin investors' sentiment. Litecoin is an altcoin, after all, and altcoins' prices often don't follow BTC (if we don't target very long term period). |
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NorrisK
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June 14, 2015, 12:48:12 PM |
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I guess LTC will find a new base level compared to BTC and start following again after that. Probably around 0.01-0.012.
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1211
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June 14, 2015, 03:12:10 PM |
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The price of bitcoin and litecoin isn't "pink" right now. Bitcoin (and litecoin) is a long term investment, so don't worry, im pretty sure that the price will rise up to 20€ in some time.
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NattyLiteCoin
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June 14, 2015, 06:12:52 PM |
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The price of bitcoin and litecoin isn't "pink" right now. Bitcoin (and litecoin) is a long term investment, so don't worry, im pretty sure that the price will rise up to 20€ in some time.
Kind of the same thought. LTC will hit $3 on it's way to $5, etc until its value in terms of USD's is irrelevant. |
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aurtur215
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June 15, 2015, 12:57:19 AM |
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The price of bitcoin and litecoin isn't "pink" right now. Bitcoin (and litecoin) is a long term investment, so don't worry, im pretty sure that the price will rise up to 20€ in some time.
Kind of the same thought. LTC will hit $3 on it's way to $5, etc until its value in terms of USD's is irrelevant. But the OP wants to know if the LTC price will hit $3 this summer, and the by the summer he probably means in a month or two. I think it all depends on what Bitcoin does over the next few months, if it rises then Litecoin might hit $3 and if it falls then so will Litecoin. |
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sdmathis
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June 15, 2015, 01:24:46 AM |
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Depends on the price of btc. If its dropping again, ltc will follow. If it found its support and rise, we can also see 5 or 10$ for LTC this year...
Not necessarily. When Gavin jumped ship, Bitcoin dropped in price, but Litecoin rallied because some were worried about the fate of BTC and see LTC as its logical replacement. |
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onewiseguy
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June 15, 2015, 01:26:55 AM |
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It will rise.
when bitcoin was trading at $1000 + Litcoin hit $50 a coin.
why would it not rise? in the eyes of crypto LTC is silver to btc is gold.
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sdmathis
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June 15, 2015, 01:45:53 AM |
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It will rise.
when bitcoin was trading at $1000 + Litcoin hit $50 a coin.
why would it not rise? in the eyes of crypto LTC is silver to btc is gold.
I've always hated that analogy. Bitcoin may be gold, but Litecoin is in the process of losing its status as the #2 coin. Soon it will be Bitcoin is gold and Litecoin is zinc or something like that. |
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hua_hui
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June 15, 2015, 02:30:00 AM |
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Depends on the price of btc. If its dropping again, ltc will follow. If it found its support and rise, we can also see 5 or 10$ for LTC this year...
Not necessarily. When Gavin jumped ship, Bitcoin dropped in price, but Litecoin rallied because some were worried about the fate of BTC and see LTC as its logical replacement. Bitcoin will go through the process of increased block size. Some ppl always like to spread the rumors and dump bitcoin. Never mind bitcoin will reach the consensus and move up again. So is the litecoin. |
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Sumo
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June 15, 2015, 04:27:34 AM |
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Are you considering the litecoin reward halving? That makes it worth more after.
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El Dude
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June 15, 2015, 05:40:52 AM |
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but Litecoin is in the process of losing its status as the #2 coin.
losing its status to which coin ? let me guess a low volume ipo/premine coin you hold... |
Bitcoin and Litecoin hodler
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Niemands
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June 15, 2015, 07:25:46 AM |
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I will sell my LTC only @$100  |
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alt19 (OP)
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June 15, 2015, 07:44:11 AM
Last edit: June 15, 2015, 08:11:27 AM by alt19 |
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Are you considering the litecoin reward halving? That makes it worth more after.
That is true that LTC rewards halving will matter, and not less - speculations about BTC fork. That is a good fundamental background this summer. Still the most important thing I consider altercoin investors' sentiment. If there is an idea that all coins but BTC are useless, then rewards halving and concerns about BTC will not help to rise. If there is an idea that all coins but BTC AND LTC are useless, it will not help LTC, either, as a lot of people are buying LTC (and BTC) just to invest them in other coins. Trade volumes of many other coins are pretty large, it shouldn't be underestimated. It doesn't mean that LTC is just common coin, of course not. But probably words "silver" or "BTC little brother" don't disclosure its nature completely. Litecoin has its own entity, which is closer to altcoins rather than to Bitcoin. Litecoin is an etalon of altcoins (despite of lack of development and lack of modern features), Litecoin is forever, it's classic. Altcoin indices of wide market and LTC price correlate pretty good over long term. BTC is above altcoins, of course, its price is more stable and more self-sufficient. |
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lasvegas83
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https://cloakcoin.com
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June 15, 2015, 11:13:17 AM |
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I will sell my LTC only @$100 Difficult...its possible, but the question is...when will LTC reach $100 I think 10-15$ is a good realistic price for LTC this year. |
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Niemands
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June 15, 2015, 01:03:03 PM |
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I would wait for that moment  I will sell my LTC only @$100 Difficult...its possible, but the question is... when will LTC reach $100I think 10-15$ is a good realistic price for LTC this year. |
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Hollingsworth
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June 15, 2015, 03:11:20 PM |
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If litecoin rises to $3 independent of bitcoin price, then that would be very significant.
Ltc rise to $50 was piggybacked on the $1200 btc rise on that last go around, as was every other alt coins sharp rise.
This time around might be different....their might be some factors at play like the reward halving, btc xt, and the high volume chinese ltc exchanges.
I think buying a few hundred shares of ltc with a wait and see approach might be warranted.
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ammy009
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June 15, 2015, 03:25:39 PM |
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LTC market is very small ........... it can reach $3 again but in 2016.
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Niemands
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June 16, 2015, 06:59:55 AM |
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Man, LTC can be over $3 in a day! LTC market is very small ........... it can reach $3 again but in 2016.
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