[LTC] Litecoin Speculation

[BrainyNetwork]

There are several Litecoin speculation threads running right now, and all the same people posting in them. I think it's a bit confusing and waste of time to search and look at all of them to follow the discussion.

So why not focus the discussion in one thread to simplify our experience.

[BrainyNetwork]

SegWit is locked in now. So in about 2 weeks we should see SegWit activated.

Maybe the next week will be slow, but I think the next one (last 7 days before SegWit activates) will experience some pumps.

[kc.]

I don't believe in the coin and don't see what all the hype is about.

Just stick to investments that you truly believe in and you will succeed.

[JeffBrad12]

SegWit is locked in now. So in about 2 weeks we should see SegWit activated.

Maybe the next week will be slow, but I think the next one (last 7 days before SegWit activates) will experience some pumps.

The latest news has told me if the dev of lightning network tries to move his way to the litecoin, and I think it can be considered as another support to pump the price of litecoin as soon as possible.

Litecoin will get a lot of the beneficial by using segwit and lightning network to be his chain improvements.

Segwit gives large ways to the off chain developers.

[BrainyNetwork]

I don't believe in the coin and don't see what all the hype is about.

Just stick to investments that you truly believe in and you will succeed.

Well, as you wrote in another thread, you neither believe in Bitcoin so I can understand that you don't believe in Litecoin.
They go in pair.

And I believe in Litecoin, because there are chances that Bitcoin never scales up, so Litecoin would be a huge asset to Bitcoin.

And even if Bitcoin implements SegWit, as Charlie wrote in his article https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b, it won't be enough to support a worldwide transactions market (if Bitcoin gets adopted as international currency for example.)

So, Litecoin always finds its use to strengthen up Bitcoin.

The latest news has told me if the dev of lightning network tries to move his way to the litecoin, and I think it can be considered as another support to pump the price of litecoin as soon as possible.

Litecoin will get a lot of the beneficial by using segwit and lightning network to be his chain improvements.

Segwit gives large ways to the off chain developers.

Yes, tons of opportunities with SegWit.
And even if Bitcoin ever implements SegWit, Litecoin should have a long time buffer to play with it, giving it a great plus-value.

[Herbert2020]

this is not a 100% thing but in most cases the following is true:
in short term it all comes down to bitcoin price. specially when altcoins are being traded against both bitcoin and USD.
let me explain with an example:
lets say BTC is $1000 and ALT is $10 ie 0.01BTC
if bitcoin goes up to $1200 that ALT remains at $10 there is no reason for it to rise up in USD value so the BTC value goes down to 0.00833333BTC and since majority of users are trading in ALT/BTC market they only see that dump from 0.01 to 0.008 and the sell pressure and panic sell starts and price gets dumped more. down to 0.0075BTC=$9

(this is the reason for LTC's dip in the past 24 hours from 0.0125 to 0.0114. and also why pumpCoins like ETH and Dash are getting dumped hard whenever bitcoin rises, also the reason why they started pumping right by the time when bitcoin dipped below $1000).

in long term, there is still an ongoing accumulation phase going on with LTC and the dip was actually a good time to buy more coins. and SegWit with its 100% support will activate in the next period and we will be on our way up.

[BrainyNetwork]

Market is pumping ETH/ETC right now.

LTC will get its pump within the next 2 weeks.

And SW officially locked in now.
Next milestone, getting it activated! 

[loreRex]

To summarize:

-BTC up
-ETC/ETH up
-some LTC panic sellers

I would say that these trends should reverse next week.

[youdamushi]

I don't believe in the coin and don't see what all the hype is about.

Just stick to investments that you truly believe in and you will succeed.

In fact people investing in LTC are people believing BTC will crash

So yeah obviously it's a bad idea to invest in LTC xD
Especially when you see the amount exchanged! They're ridiculously low!!!

[BrainyNetwork]

In fact people investing in LTC are people believing BTC will crash

So yeah obviously it's a bad idea to invest in LTC xD
Especially when you see the amount exchanged! They're ridiculously low!!!

You're very mistaken about that. Most LTC investors believe in both BTC and LTC, as complementary. Only a small minority of LTC investors think BTC will crash.

[MedaR]

I think it is more about trust then about security in this case, LTC is second and most trusted, don't forget it! Simplicity is second most wanted thing, lately we have very complicated concepts that are very confusing for average person,  and too copliceted is shady and fishy..LTC is simple fast trusted everything that will ever be asked from money to be.

[BrainyNetwork]

That's true.

I think we'll see another bust in LTC price within a few/several days.

LiteCoin getting activated in 12 days, clock's ticking

I increased my LTC stake of 23% in the past 24 hours, as I sold for XRP, then rebought LTCs 

[giveen]

Price speculation of this is pretty simple after a month or maybe 2 we will see the price back to 2$ or 3$. Just think this coin as a case of dash it will be pumped dumped until the investors feel the profit they earned is sufficient.

[a29654]

$100 by December

[Quesdana]

$100 by December

That is too much. I think it is 20 to 30.

[BrainyNetwork]

$100 by december could really happen. If people start aknowledging that SegWit adds immense value to LTC, and if the scaling issue on BTC is not fixed by then, it could mean that plus-value to LTC.

[Herbert2020]

I don't believe in the coin and don't see what all the hype is about.

Just stick to investments that you truly believe in and you will succeed.

In fact people investing in LTC are people believing BTC will crash

So yeah obviously it's a bad idea to invest in LTC xD
Especially when you see the amount exchanged! They're ridiculously low!!!

you are very mistaken my friend because there is no news nor any hype about LTC wanting to replace bitcoin. you are comparing LTC with shitcoins such as ethereum and dash that have always thrived on bashing bitcoin and claiming to be a replacement for it. and we all know none of these even come close to bitcoin.

and yeah the amount exchanged are ridiculously low. it was 702,000BTC=912,600,000 USD in the past month. so yeah it 912 million dollar traded only in poloniex and only in BTC/LTC market alone is ridiculously low.

[iamTom123]

$100 by december could really happen. If people start aknowledging that SegWit adds immense value to LTC, and if the scaling issue on BTC is not fixed by then, it could mean that plus-value to LTC.

I believe that this is the general sentiment of the market as regarding Litecoin. Its own future is now tied to the coming SegWit implementation as a form of an experimentation for Bitcoin. I am hoping that Litecoin can be coming off with flying colors on this development. I have some Litecoin and I would be happy to see its value rise to the peak.

[dennyd999]

SegWit come together with Lighting Network.

We could expect ATH. Because it is most important step in Bitcoin/Litecoin community in this year.

[BrainyNetwork]

Yeah I definitely see a new ATH for Litecoin. Maybe not right after SegWit gets activated, since it already gained a lot of value from the segwit news, so maybe the current price already includes this new (I still think it can reach $20 very soon). But later this year, SegWit and Lightning Networks will bring this plus-value to reality.