[LTC] Litecoin Speculation

[MrGood]

I'm surprised no-one set this up before.

Unmoderated discussion concerning Litecoins price movement and related speculation.

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[azguard]

im more for btc/ltc exchange i prefer this better
i hope that now will ltc follow btc in price and follow btc till halving

[LoyceV]

Currently:
1 ltc = 4.2640752 usd
1 ltc = 0.00911997 BTC

Bitcoin is going up a lot since a few days, and Litecoin even goes up against Bitcoin. Just last week it was 0.007xx BTC. Is this because Ethereum is losing ground? Litecoin has been around longer than any other altcoin and has more or less proven itself to stick around.
I am happily holding a few of them, nothing much, but it would be nice to see them climb up more.

[codehtcmail]

I think LTC had its moment when it reached $40+, now people are more interested in new coins like Ethereum and Lisk.
If they fail, then LTC will make a come back.
Until now every new coin tries and fails to dethrone Bitcoin. So for me 70% of my money will be in Bitcoin, the rest on LTC and Lisk.
I don't understand Ethereum so I won't put a cent in it. At least LTC does not suffer from that.

[MrGood]

im more for btc/ltc exchange i prefer this better
i hope that now will ltc follow btc in price and follow btc till halving

Litecoin has no future.

[Grctest]

I don't see any point in Litecoin anymore.. they had faster blocktimes/conf times & ASIC resistance over Bitcoin, now none of those are selling points over many of the new altcoins.

[BitcoinHodler]

it seems like the minipump lasted only a short time because currently the price is coming back from the top 0.0091BTC to <0.008BTC with small resistance and the dumping is getting bigger and bigger.

anyways i think litecoin will continue go up (overall not just this mini p&D) with bitcoin price.

and about this

I think LTC had its moment when it reached $40+, now people are more interested in new coins like Ethereum and Lisk.
If they fail, then LTC will make a come back.
Until now every new coin tries and fails to dethrone Bitcoin. So for me 70% of my money will be in Bitcoin, the rest on LTC and Lisk.
I don't understand Ethereum so I won't put a cent in it. At least LTC does not suffer from that.

i have to say i don't think those altcoins failing has any effect on litecoin price because it is not moving with them but with bitcoin price.
maybe the recent bitcoin price $15 decline is the cause of the LTC decline too.

[azguard]

im more for btc/ltc exchange i prefer this better
i hope that now will ltc follow btc in price and follow btc till halving

I think 0.0160 is a good LTC/BTC target.

What is clear is that alongside uncertainty about the BTC blocksize, LTC is seen as a healthy auxiliary... particularly in China where it always enjoys premium volume.

well it would be good to see that price but i will be happy with 0.01 or 0.011
i dont mind if it goes higher but lets take it slow for the moment

[cryptohunter]

I don't see any point in Litecoin anymore.. they had faster blocktimes/conf times & ASIC resistance over Bitcoin, now none of those are selling points over many of the new altcoins.

I hear this quite a bit and agree in part.

However that was the initial reason to have LTC. That is no longer the reason for it to exist.

It's

1. a secure alternative to btc
2. faster transactions - right now just compare a transaction with either. Unless you want to pay huge fees btc transactions can take hours.
3. very liquid - you can dump 20k usd on LTC and not move the market much at all.
4. has a lot of history and recognition now - say BTC the next coin that springs to mind is LTC
5. merge mined with doge and is becoming profitable to mine again now if you have the hardware.


There are things other alts can do arguably better but really are those things really essential right now? If ltc is to bring privacy that would be useful to some people.

Sometimes just have such early mover advantage and the history of a proven track record over years is enough to keep it ahead of the game.

There are more interesting alts. There are asic resistant alts. Both of those you can't argue with. However when exchanges suddenly take their BTC wallets offline or stop withdrawals you notice everyone rushes to LTC or Doge to extract their wealth. This shows clearly that people trust them to be lower risk than the others and these are the main BTC back up currencies.

I would like to see other alts over take LTC because I have more of the "smaller" alts in terms of MC but I think LTC will be seen as the main BTC alternative for quite a while. I would not consider swapping my LTC to BTC until 0.03 and then only in part.

Where BTC is accepted you have a good probability of LTC getting added if they ever add another coin.

[klarki]

But someone forgot about it?)
Not so long ago on the forum almost every topic of Litecoin death...
How to easily manipulate the movement of people.
Positive news, and the price is creeping up.

[BayAreaCoins]

Covered my Bitcoin short this morning and shorted the shit out of LTC quarterly futures.

They are still trading above spot by about 25 cents.

Headed to $3.5.

ETH/DASH added to BTC-e.  I figure people will be selling LTC trying to get on those as well.

[bitcoinlitcoinbtcltc]

Covered my Bitcoin short this morning and shorted the shit out of LTC quarterly futures.

They are still trading above spot by about 25 cents.

Headed to $3.5.

ETH/DASH added to BTC-e.  I figure people will be selling LTC trying to get on those as well.

Why would they? ETH has been on many other exchanges. If people wanted to buy those shitcoins, they would have done so a long time ago.

Better theory: BTC-e added those shitcoins to give people an opportunity to dump those scam/ipo/ponzi coins before they completely die out.

[BayAreaCoins]

Covered my Bitcoin short this morning and shorted the shit out of LTC quarterly futures.

They are still trading above spot by about 25 cents.

Headed to $3.5.

ETH/DASH added to BTC-e.  I figure people will be selling LTC trying to get on those as well.

Why would they? ETH has been on many other exchanges. If people wanted to buy those shitcoins, they would have done so a long time ago.

Better theory: BTC-e added those shitcoins to give people an opportunity to dump those scam/ipo/ponzi coins before they completely die out.

My theory is that they are adding these other Altcoins to start trying to gain some volume.

If I was a LTC hodlers... I think that I'd be liquidating for something that at least had a forum.

[BayAreaCoins]

ETH has been on BTC-e for less than 24 hours and has 115.4 BTC on the bid compared to LTC 750.51 btc bid.

[bitcoinlitcoinbtcltc]

Look, an idiot Ether bagolder trying to lure people into buying/pumping his shitcoin he bought at $15.

Ether is a big scam. The reason it was added to BTC_e is so they can allow people to dump their shitty/scam Ether coin easier, or because they anticipate poloniex to pull a gox soon (wouldnt surprise me or anyone else in the world for that matter)

If it was about volume, they would have added the shittycoin when it was popular and heavily traded. They add it when it just starts its dying face

Why you not buy ltc ? Lol .

[BayAreaCoins]

Look, an idiot Ether bagolder trying to lure people into buying/pumping his shitcoin he bought at $15.

Actually I've never bought, held or put a single order on ETH. 

[BayAreaCoins]

BTC-e is fairly picky who they add... I'm sure they and the people selling their LTC for ETH disagree with you.

[losh11]

My theory is that they are adding these other Altcoins to start trying to gain some volume.

If I was a LTC hodlers... I think that I'd be liquidating for something that at least had a forum.

The forum was put into read only mode because someone attacked it. The forum will be operational soon.

[azguard]

BTC-e is fairly picky who they add... I'm sure they and the people selling their LTC for ETH disagree with you.

sure they choose wisely what coin to add and when i didnt expect them to add anything and ended up with ETH and DARK

[Searing]

Personally I feel LTC/USD is heading up toward $10.

heh..thought that too till the crypto whales of btc and ltc came in today and stomped the price down.....

how does it go...power corrupts absolute power corrupts absolutely...


frigging whales play the markets and keep prices down on crypto like Steve Martin jamming his Banjo