Litecoin has potential. Beyond $50?

[European Central Bank]

They may want you to think that, but the reality is the economic reality.

could well be, but i'll stick with my original assertion that there is an indiscriminate mountain of money prowling poloniex and other markets that doesn't care about politics, macro economics, the future of a coin, the features of a coin, or anything about a coin at all. it wants profit and right now ltc is the vehicle for that.

it might inspire and drive some changes in positions and fundamentals but right now that's the only thing driving this train imo. let's see.

where you're seeing complex motives, which may well be totally correct, the motive of straightforward short term greed is always a dependable benchmark too and extremely powerful in its own right. maybe these people are unwitting puppets, but they may be gone and on to the next coin before any long term plans reach the next stage of fruition.

then again, that could be a plan in itself. i'll leave the strategic thinking to you.

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[andron8383]

***
it might inspire and drive some changes in positions and fundamentals but right now that's the only thing driving this train imo. let's see.

***

I agree i can add that with whole traffic jam only ETH was used as alternative to BTC is faster and have much better liquidity:
LTC has even doped in transaction those days 3500-2500 while ETh jumped from 60k to 120k and keeping uptrend.
Look like that uptrend is corelated with price : )... LTC is just PURE PUMP can be good pump who knows.
i won't touch coin that was dead by 4 years and now jumped.

LTC looks like abandoned Chinaman chain that got some fresh money pump.
This is last pasrt of pump BTC has shown weakness bad to BTC,
Same time 50% ETH volume is in USD so will be HARDER to dump it parallel with bitcoin.

Users have spoken ETH won 2-ndary alt competition in gaining market share.


https://bitcointalk.org/index.php?topic=1848487.0

[machinek20]

It is still far from reaching 50$ litecoin doesnt has a good growth and improvement, it needs more attention if the coin want to be reaching 50$, but i am quite pessimistic about it, there is no significant movement from the coin since last year

[zeusk]

***
it might inspire and drive some changes in positions and fundamentals but right now that's the only thing driving this train imo. let's see.

***

I agree i can add that with whole traffic jam only ETH was used as alternative to BTC is faster and have much better liquidity:
LTC has even doped in transaction those days 3500-2500 while ETh jumped from 60k to 120k and keeping uptrend.
Look like that uptrend is corelated with price : )... LTC is just PURE PUMP can be good pump who knows.
i won't touch coin that was dead by 4 years and now jumped.

LTC looks like abandoned Chinaman chain that got some fresh money pump.
This is last pasrt of pump BTC has shown weakness bad to BTC,
Same time 50% ETH volume is in USD so will be HARDER to dump it parallel with bitcoin.

Users have spoken ETH won 2-ndary alt competition in gaining market share.


https://bitcointalk.org/index.php?topic=1848487.0

Dude im trying to take you seriously. But your LITERALLY talking gibberish. Please use better spelling/grammer then it will be more clear that you are nothing but  a butt-hurt ETH fanboy. #Idiot

[zeusk]

It is still far from reaching 50$ litecoin doesnt has a good growth and improvement, it needs more attention if the coin want to be reaching 50$, but i am quite pessimistic about it, there is no significant movement from the coin since last year

Segwit around the corner? Tradeable on Coinbase VERY soon ? On GDAX already and licenced in NYC ? The USDT (tether) announcement today? The most popular coin (other than BTC) in China ? No more margin trading in China and SPOT trades only possible = upsurge in DEMAND, The fact its a LEGIT coin (no scandals/scams) with a respected creator who is heavily connected and ready to mobilize the EAST and the WEST ? The only real hedge against a Bitcoin HF ? i can keep going with more "fundementals".


Litecoin will hit triple digits before 2018. Mark my words!

[AusKipper]

Yesterday morning in a Slack chat with someone I said:


auskipper
9:56 AM
i dont know how litecoin manages to keep their price so consistant
9:56
maybe they have a super whale with a massive sell wall at $4.50 and a massive buy wall at $3.80 or something


And now look what has happened lol....

[crypticj]

Litecoin is getting pumped because new ASICs are coming/selling online. They need to flush the hardware inventory at pretty high price for suckers... so they pump LTC and once all the hardware is sold gravity takes over.

I am sure because of the pump last night a lot of people ordered A4 dominators or other notable LTC hardware.

[iamnotback]

Litecoin is getting pumped because new ASICs are coming/selling online. They need to flush the hardware inventory at pretty high price for suckers... so they pump LTC and once all the hardware is sold gravity takes over.

I am sure because of the pump last night a lot of people ordered A4 dominators or other notable LTC hardware.

So the new (higher efficiency) ASICs supply is limited. Exactly fits my hypothesis! By raising the price to a new level with SegWit activation, they will maximize their revenue if they have quietly locked up all the coming supply of new ASICs.

Are you claiming the SegWit activation isn't coming?

You see by getting all these miners hooked into an investment where they need higher prices, then they need to activate SegWit. It is a very clever strategy.

Re: Sell Your Bitcoin Sell Your Ethereum Sell Dash Sell Everything And Buy Litecoin!

I sold at 7 because this is a pump and dump.

Are you sure about that? Guaranteed it is going down?

$208m volume today on a $332m mcap. Is that volume manipulation on all the 17 major exchanges it trades on  

[BitcoinHodler]

the $50 will come down to the Chinese and how they will perform in the following days. it has always been like this.
remember the LTC halving pump? liteocin was on a good path up and suddenly someone over in China let lose of the bags on the market and crushed the price as if they don't know why a slow sell to get most profit means!

but so far we are good and the rise seems to be starting. hope to see LTC go higher, it really deserves it more than the rest of them.

[iamnotback]

the $50 will come down to the Chinese and how they will perform in the following days. it has always been like this.
remember the LTC halving pump? liteocin was on a good path up and suddenly someone over in China let lose of the bags on the market and crushed the price as if they don't know why a slow sell to get most profit means!

but so far we are good and the rise seems to be starting. hope to see LTC go higher, it really deserves it more than the rest of them.

Litecoin offered no compelling need to exist before the SegWit impasse. Now it has a very, very important reason to exist.

Chinaman mining industry was keeping Litecoin low to prevent any serious competition to Bitcoin, and to prepare to have the power that they have now to incentivize activation of compelling protocol changes by allowing the LTC price to rise which causes ASIC demand to outstrip supply. I explained the dynamics upthread. The mining industry makes a huge profit with this move. The Chinaman is a chess player.

Re-reading all my posts (and clicking all links in posts) in this thread and the other thread, will bring holistic understanding.

@franky1 those who manufacture Scrypt ASICs and those who have pre-ordered the new generation of Scrypt ASICs will also profit.

You might be correct that Antpool is the odd man out, but creating more demand for limited fab space probably means their existing stock of ASICs becomes more valuable. When mining farms for Bitcoin (or Litecoin) can't ramp up difficulty fast enough to keep up with price rises, then all existing miners earn more profit throughout the industry.

By eliminating the stalemate on Bitcoin by getting SegWit activated on Litecoin, this frees up Bitcoin to move to $2000+ because scaling will be provided by the ecosystem. And I already explained in the other thread that the tail doesn't wag the dog in finance, thus scaling on Litecoin will drive demand for Bitcoin up by the power brokers who must use Bitcoin (because of the reasons I stated).

I am not sure how Bitcoin traders will initially react to scaling going exclusively to Litecoin, maybe they might sell Bitcoin, but later they will come to understand that Bitcoin grows as its altcoins grow. The ecosystem is symbiotic. MPEx the Bitcoin options and stock exchange was capturing a percentage of all the speculation waves in all altcoin tokens, not just Bitcoin.

[spartak_t]

Chinaman smart, Chinaman has much $$$, BTC, ASICs and Doge!

[Litekorn-Jesus]

Don´t sell your LTC below 100$! Huge things are happening backstage!

[Miketaz]

So there's a few scenarios I see here.

Litecoin activates SegWit, Bitcoin follows suit.
Litecoin will most certainly rise from current levels, significantly.

Litecoin activates SegWit, Bitcoin activates BU
Money will pour out of Bitcoin (at least in the beginning) into Litecoin and other alts on hard-fork fear. Litecoin will rise.

Litecoin doesn't activate SegWit
Don't see why this would happen but in this scenario Litecoin would probably drop.

Conclusion:
If Litecoin activates SegWit it will rise significantly no matter how the dice are rolled.

BUY LITECOIN

[BitcoinNational]

$50
lolz
here's simple math, do your own homework.

IF LTC hits $50, uno is just the same.
Catch a tiger by the tail.
Eventually.

[alyssa85]

I think you guys are getting ahead of yourselves.

I looked up Litecoin on bitinfocharts:

https://bitinfocharts.com/

Transactions were only 5552 in the last 24 hours, compared to 82378 for Ethereum and 265,345 for bitcoin.

Despite the hype about segwit on litecoin, nobody is using it.

[iamnotback]

Despite the hype about segwit on litecoin, nobody is using it.

You haven't read my hypothesis.

[alyssa85]

Despite the hype about segwit on litecoin, nobody is using it.

You haven't read my hypothesis.

I have. You said that the scaling would go to Litecoin. But it hasn't, as evidenced by their pitiful transactions. It's no point having a feature that no-one uses.

[iamnotback]

Despite the hype about segwit on litecoin, nobody is using it.

You haven't read my hypothesis.

I have. You said that the scaling would go to Litecoin. But it hasn't, as evidenced by their pitiful transactions. It's no point having a feature that no-one uses.

You haven't understood then. Try again.

[mining1]

@alyssa85, it's a mix of hype (btc can't activate it, ltc can) plus the fact that segwit enables LN, plus new asic miners which are extremely efficient so the miners will benefit alot from these miners and higher prices. Plus the fact that most ltc is in chinese hands therefore they control most of the supply which means they can pump it alot, and the fact that they mine it is a double win. I think this is why @iamnotback thinks ltc may reach ATH, assuming segwit's activating.

Other projects with segwit don't matter because they are too small, no network effect, no brand recognition, etc. Did i miss anything ?

[iamnotback]

@alyssa85, it's a mix of hype (btc can't activate it, ltc can) plus the fact that segwit enables LN, plus new asic miners which are extremely efficient so the miners will benefit alot from these miners and higher prices. Plus the fact that most ltc is in chinese hands therefore they control most of the supply which means they can pump it alot, and the fact that they mine it is a double win. I think this is why @iamnotback thinks ltc may reach ATH, assuming segwit's activating.

Other projects with segwit don't matter because they are too small, no network effect, no brand recognition, etc. Did i miss anything ?

Speculation is future looking. If Litecoin gets LN and Bitcoin doesn't, then LN is the top contender for (private fractional reserve banking) scaling that will be acceptable to those who support only Satoshi's PoW.

Ethereum is next best contender for LN clone Raiden, but Ethereum is for a different crowd of speculators who believe in more uses for blockchain than just payments. Not for the conservative Bitcoin maximalists. I'll be trading some back into ETH (taking profits to recover original investment and let the rest ride) after the big move up in LTC, if I am correct about that. (Otherwise I'll be licking my wounds)

After that is bunch of dogshit coins that nobody (who knows technology of blockchains well) gives a hoot about except to pump and dump, except maybe Monero and Zcash but I'm waiting for a re-entry point in Monero below $15.