LTC round 2 begins?

[asriloni]

You do not have to be expecting too much LTC. The transaction volume is high because it is just an old coin.

That's true because it is the oldest coin and but looks like some parties are preventing the segwit to be activated in the future. We are all on the market has played by the whales and troll twet from the Chinese miners.

[coinling]

The volume on LTC is building. LTC has far too high of volume lately to stay so undervalued. The pressure is building. Also, fiat is coming into LTC via Coinbase, so that in my mind is enough to push LTC's price up regardless of SegWit activation.

The volume is indeed insanely high.
...
I can't see LTC not going up again  

when price is changing volume goes up too, it doesn't matter if it is changing for the better or for worse (down or up) and it only shows people who are making trades to take advantage of the changing price in short term aka day trading. and you can't say it is positive. and in this case the high volume shows a massive dump in the past 24 hours.

what is positive and shows good signs is when price is stable or with little change but the volume is high which shows accumulation with smart money coming in without anybody noticing.

i am not saying litecoin can not go up again, i am saying your conclusion is wrong.

The volume is extremely high but it is not a panic waterfall collapse. That to me is very bullish. It indicates to me the smart money is trying enter at the lowest price they can before the next blast off.

Nearly all the altcoins are down because the market is confused and thinks that Blockstream has defeated Jihan Wu's BU, but I expect BTC is topping out at $1200 (range bound as I predicted many days ago) once the market realizes that this BS about SegWit signaling on Bitcoin gaining momentum is nonsense. Bitcoin will never get scaling. The market will digest this, Bitcoin will stumble and Litecoin will rocket up.

The market is stupid because Bitcoin will actually benefit from scaling on Litecoin, but the market has to go through its gyrations. In any case, my thesis is Bitcoin remains range bound until Litecoin catches up, because the charge says "It Is Just Time" and because Bitcoin can't move up until there will be scaling in the Satoshi's PoW ecosystem. Litecoin will get it, Bitcoin won't, but that it is a good thing for Bitcoin. Market doesn't realize any of this yet, but the smart money does.

Channels are important and to me the market says this is not an issue. The thick blue line in the LTCBTC chart is the long-term downtrend from the 2013-2015 highs. This run should go to 0.015 at a minimum. I also consider this to be a stair-step advance where the decline is not enough to allow solid entry points, but sufficient to force weak holders into panic selling.

Additionally, markets like to fill the gaps seen on the downward move in the LTCBTC chart, so we should come back up to at least close those.

We have until April 10th for the long-term downtrend and the bottom of the current channel to force a direction. There is likely to be a decisive move over the weekend, which I expect to be positive.

I would sell some if 0.00855-0.00865 is broken, and most if 0.00775 is breached.

We are still within the channel!

Not really:
We are rather in the blue channel right now :


Since when are you trading btw ?

Thought you never cared about buying/selling coins.

First time i see you bullish on something apart from your own coin

Actually this must be either real bullish , or doom.


I still don't get why Litecoin hashpower differs from bitcoin ? I mean all those big bitcoin miners could basically do whatever they want with litecoin, couln't they?

[Fredomago]

I don't see it going below 700k, and if it does I doubt it will last long.  Might be a good time to re-up

yes mate, its still 700k and its resisting to fall down much deeper for those who can buy more its time for buying those cheap ltc and hold for a while there's a lots of chances to see the price to go up some more, i'm trying to buy little by little inside yobit and keep checking the price inside polo to make sure that price still reasonable.

[Geraldo]

It goes up , only to fall down even deeper.

[vlom]

if the price stays over the blue line then it will go up again fast i think. if not then we will see a slow downtrend.



come on LTC. i really would like to make some money. i bought under 4$.

[iamnotback]

See my comment there:

https://www.reddit.com/r/litecoin/comments/64kavb/be_very_careful_segwit_signaling_percentage/

[BrainyNetwork]

It's the classic mistake to be scared and sell at the worst possible moment. I thought about it too but I told myself there were way more chances that LTC gets back higher than dropping even more.

[Weatherby]

How do you even evaluate these things and the only thing i could see is that there was a increase in the price from the stable state and considering the rest of the coins where almost all of the coins had a good rally without any substantial reason i wish litecoin do have a good pump ,when do we see another round in your opinion.

[akbari1]

there is no reason to be afraid while there is stop limit order option in poloniex...

[metropolia]

They said SW won't be used in LTC. Now altcoins with SegWit feature are hype a lot, LTC VTC do not signal it now. But Stratis the coin already implemented SegWit is still not pumping with Segwit hype. https://twitter.com/Yzord/status/851493979598315520

[aoluain]

Well FUCK I panic sold when I woke up at around 81 with like 10% loses, im fucking done and im not getting back in unless the price looks like a bargain.

Similar story here, panicked to quick. Segwit signaling will become the new market manipulation lever.

and as the Segwit signaling reached 71% yesterday the Litecoin price still
hovered between $8 and $9. so to me it looks like that little flutter by the miners
signaling possibly didnt have the effect they thought it might have.

Is it possible that people joined the rise at the start of the Segwit hype and have
since redirected their funds elsewhere? and Loosing interest and faith in the whole Segwit hype.....

[BitcoinHodler]

Since when are you trading btw ?
Thought you never cared about buying/selling coins.

the pump and dump and seeing all the profit missed out on can drive any man or woman to do all sorts of crazy things

I still don't get why Litecoin hashpower differs from bitcoin ? I mean all those big bitcoin miners could basically do whatever they want with litecoin, couln't they?

they can but it is all about the profit. when you get bitcoin block reward you are getting $15,250 to $17,000 money which is about 70% profit after the costs. and that reward also has a lot of potential of going up in USD value as we have been seeing for the past years.

but with litecoin you only get the reward * ~$4 which is a lot less. so it is not worth dedicating your hash power to it that much.

[boltz]

Untill full implementantion of segwith and a couple of months to pass we ain't gonna see a rise on ltc imo .

[shanem]

Someone seems to be suppressing the price of LTC for some reasons. The SegWit percentage bar was supposed to reach 75% but some pools opposed it and the percentage dropped below 70% causing a huge dump in the price of the coin. It looks like someone does not want the price to rise and make LTC low to accumulate.

[Ctstrphy]

I'm one of the victims of this. Still my 2nd day of trade. Where do you get news like this?

[iamnotback]

BTC has been rising on declining volume. That indicates to me that this rise will not make it to a new ATH before it falters. I am sticking with my theory that BTC is range bound until Litecoin gets SegWit.

I think we are going to see another leg up on LTC as the SegWit signaling has climbed back up to 68%.

This pullback has brought us back to the uptrend line, which I expected we would come back to test one more time and especially given BTC is  up today.

Given the steepness of that uptrend line (on the right chart quoted below) we either have to fail and crash or start another leg up soon. Failing and crashing seems to not be very likely. So I say load up now on the LTC you want for the next run up. If that uptrend line holds, we have to be back above 0.009 within 6 days 0.011 within 2 weeks. So that is a minimum 40% increase in your BTC within 2 weeks if the uptrend line holds (which it has thus far throughout this crazy volatile rise).

Also today we broke out above that downward blue channel in the left chart quoted below!

Thoughts?

Not really:
We are rather in the blue channel right now :

So in terms of the right chart, we are still within an upward channel, barely.

Insane volatility due to the hashrate/signaling manipulation.

[OrangeP]

BTC has been rising on declining volume. That indicates to me that this rise will not make it to a new ATH before it falters. I am sticking with my theory that BTC is range bound until Litecoin gets SegWit.

I think we are going to see another leg up on LTC as the SegWit signaling has climbed back up to 68%.

This pullback has brought us back to the uptrend line, which I expected we would come back to test one more time and especially given BTC is  up today.

Given the steepness of that uptrend line (on the right chart quoted below) we either have to fail and crash or start another leg up soon. Failing and crashing seems to not be very likely. So I say load up now on the LTC you want for the next run up. If that uptrend line holds, we have to be back above 0.009 within 6 days 0.011 within 2 weeks. So that is a minimum 40% increase in your BTC within 2 weeks if the uptrend line holds (which it has thus far throughout this crazy volatile rise).

Also today we broke out above that downward blue channel in the left chart quoted below!

Thoughts?

I tend to agree on your thought pattern. Except we are in for a longer term, because SegWit will not reach 75% on mining support. There is just too much hashing power on BTC miners that will gently block the LTC SegWit activation. They'd be stupid not to milk the cow. It's a flaw in the system, we cannot even blame the miners for doing that.

Once the user activated soft fork becomes reality, your scenario seems reasonable.

[iamnotback]

Who ever doesn't on board the Litecoin rocket now, is going to be kicking themselves until they are butthurt:

[vlom]

BW just signaled and LTC price hockey-sticking. Nope, just a coincidence. Not correlated at all! pic.twitter.com/ZPke6AjBDu
https://twitter.com/SatoshiLite/status/852039230150688770/photo/1

[sapusapu]

What do you think about this? chinese mafia already filled bags and time for the segwit hype to continue?

Can we get LTC with segwit before BTC deploys UASF and gets segwit?

Millions still to be made with a possible LTC ATH or at least a big 200% pump?

Let's find out.

Nice chart
LTC in high price now but still hope will continue keep going for the higher price again