.

[dennyd999]

It is allready 15.43$ @ Bitfinex and 13.52 Eur @ Kraken.

It was a trap for those who entered @15-16$, than they probably panic and sell @ 13$ and guess what? Right, they will buy again at 16 or 17$ because of FOMO, because after we will get 1st block with Segwit there will be another pump.
LN and Coinbase will boost price again.

Also most LTC holders are china miners and after hashrate and dificulty is allready too high, they need profit from mining.

PPROHASHING pool CEO Steve Sokolovski at his company forum has mentioned profit price for LTC mining now  ∼ 17$

Be clever.

P.S:

I have found new info:

"The increased difficulty made their mining unprofitable (Jihan's new mining equipment came online on LTC1BTC and LTC.top). ProHashing dropped out of the market" Thats definetly is a great news for Bitmain. So they probably will keep price below 17$ for some time more. To destroy small miners. Offcourse they will do not lose moneymine without profit for themselves for long and price will rise.


And more thing. Do you imagine how cool it is?

" Of the two, I prefer LTC, because it costs $0.12 to send $3500 yesterday within 2 minutes, while it costs $7.10 to send $6000 of BTC within 12 hours"
and this is being said without SW + LN wich comes 2 weeks latter!

[robelneo]

Is there a reason that Litecoin has been on a steady decline the last few days? I was thinking it would go up on news of segwit being locked in.

Not for long they are gaining ground,let those unbelievers sell their coin,this is the best time to acquire litecoin.development is on going the news of litecoin being a dead project has long been gone but they have to work harder,developers and supporters to gain the second spot.

[classicsucks]

Are you realize that it will mean not only price fall for Litecoin. It is death of Litecoin, because they can not copy code anymore from Bitcoin Core. And they allready can not push back to simple Litecoin. The choice is over. 2 weeks latter it will be new born coin Litecoin Segwit.

Very good points. The full name of the new coin is "Litecoin That Didn't Need Segwit"

Just wait when new Segwit blocks will aper on the hashing network price will rise again.
Offcourse if there will be no bug in Segwit )

I predict 2 major bugs in LTDNS LTC/Seg within the next 3 months, with 65% certainty. Nice shorting opportunities if you happen to find the bugs...

[Dogeboi3210]

Is there a reason that Litecoin has been on a steady decline the last few days? I was thinking it would go up on news of segwit being locked in.

It's just how supply and demand works when price changes. Sometimes it's hyped more, and SegWit isn't as major as the hype.

[Coin_trader]

Is there a reason that Litecoin has been on a steady decline the last few days? I was thinking it would go up on news of segwit being locked in.

i don't think it's an extraordinary declining, i think it's just normal happening like any other crypto that goes up and down in terms of pricing, cryptos are volatile and the price can change in a sudden and we already knew that.
that's how the crypto moves.

[btbrae]

I think a lot is priced in already...

Segwit activation - priced in

Lightning network - priced in

Some developers switching to Litecoin to build on top of Segwit enhancements - priced in

Litecoin on Coinbase - priced in

Litecoin on Trezor - priced in

So the LTCBTC price will likely fall for a while.

However some of the implications of Segwit are not fully understood yet, nor are the many benefits of LN. These advancements are full steam ahead now and Charlie Lee has shown he is very open and even involved in moving things forward.

CT (Confidential Transactions) https://www.reddit.com/r/litecoin/comments/61264o/is_litecoin_confidential_transaction_still_under/

MAST (Merkelized Abstract Syntax Trees) http://www.coindesk.com/inside-mast-little-known-plan-advance-bitcoin-smart-contracts/

DriveChain + SmartLitecoins https://twitter.com/dieguito/status/857564092583858177

I'm quite optimistic but under no illusions, the Litecoin price is still very fragile and $6-10 or 0.006 - 0.008 might be a good entry if it falls that low again. But I would start dipping your toes in now because crazy things can happen when the underlying technology allows it.

[alyssa85]

@btbrae

Yes - stuff is priced in, and people are waiting to see if anyone actually starts USING litecoin. No sense doing a lot of development on a coin no-one uses.

Here is their transactions graph:

https://bitinfocharts.com/comparison/litecoin-transactions.html

under 6,000 transactions in the last 24 hours. This is not a coin that is being used.

[classicsucks]

@btbrae

Yes - stuff is priced in, and people are waiting to see if anyone actually starts USING litecoin. No sense doing a lot of development on a coin no-one uses.

Here is their transactions graph:

https://bitinfocharts.com/comparison/litecoin-transactions.html

under 6,000 transactions in the last 24 hours. This is not a coin that is being used.

6k transactions per day is pathetic. 

It's quite possible that the litecoin volume is mostly on exchanges - those trades don't have to go in the blockchain until they're withdrawn.