LTC has to correct before it rises

[pereira4]

I don't believe the rise will be sustained. We are going back to 0.009 before the price consolidates and finds a solid floor above 0.01. There's also the risk of investors selling the news again just like what we saw with segwit getting locked in. One last dip before the rocket ignites.

It's also going to need continued good news otherwise the price will tend to stagnate until we see solid LN usage.

[iamTom123]

I don't believe the rise will be sustained. We are going back to 0.009 before the price consolidates and finds a solid floor above 0.01. There's also the risk of investors selling the news again just like what we saw with segwit getting locked in. One last dip before the rocket ignites. It's also going to need continued good news otherwise the price will tend to stagnate until we see solid LN usage.

You can be right with this analysis though personally I would wish that soon LTC can reach the $50 level though as what I said it is only just a wishing well. Litecoin is now one of the top coin and is now a shining star so far. Maybe the next question is this: Does it have a nice future playing like a small brother to Bitcoin?

[mummybtc]

I don't believe the rise will be sustained. We are going back to 0.009 before the price consolidates and finds a solid floor above 0.01. There's also the risk of investors selling the news again just like what we saw with segwit getting locked in. One last dip before the rocket ignites. It's also going to need continued good news otherwise the price will tend to stagnate until we see solid LN usage.

You can be right with this analysis though personally I would wish that soon LTC can reach the $50 level though as what I said it is only just a wishing well. Litecoin is now one of the top coin and is now a shining star so far. Maybe the next question is this: Does it have a nice future playing like a small brother to Bitcoin?

I also believe also that some people are pushing Litecoin to $50 and I expect the price to hit $50 soon, for me is just a matter of when, value now is all about crowd wisdom, if Dash can hit $100 then $50 for Litecoin is not big deal

[Emoclaw]

The only reason LTC rose to such prices was because of SegWit, but SegWit provides no tangible benefits to LTC whatsoever.
Y'all should be cautious, because even a crash is not unlikely.

[blade87]

I do expect a sell the news upon activation, but ...

... just like when people sold the news after SegWit was locked in ...

... it still has LNs, Coinbase, MAST, and CT all planned after activation. That's just too much good news to keep the hype train going after activation.

[John Titor]

but SegWit provides no tangible benefits to LTC whatsoever.

Sorry but that is not true, SegWit has a lot more to it than just being a scaling solution.
Read more here: https://bitcoincore.org/en/2016/01/26/segwit-benefits/

[shyliar]

The only reason LTC rose to such prices was because of SegWit, but SegWit provides no tangible benefits to LTC whatsoever.

If you don't consider fixing transaction malleability, atomic cross-chain transactions, the Lightning Network (not completely necessary for LN; but every designed version required it) and sidechains of any benefit, then you might be right. I'm under the impression that it also helps with the upcoming release that includes the ability to do confidential transactions.

[dwgscale11]

but SegWit provides no tangible benefits to LTC whatsoever.

Sorry but that is not true, SegWit has a lot more to it than just being a scaling solution.
Read more here: https://bitcoincore.org/en/2016/01/26/segwit-benefits/

And here: https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b

[pereira4]

Unexpected Coinbase addition made the price pump. Anyway, doesn't matter, LTC will correct after the hype is over. We can eventually buy back cheaper. No way im buying LTC at $20. For the price hype to continue it's going to need more than this. Remember that ETH crashed after it got added in that other big exchange.

[TreasureSeeker]

Sounds to me like these hoping for a "correction" are just wanting to buy in at cheaper prices than current. In actuality if we're talking "correction", the correction is upward after Litecoin has been at such low prices for so long.

Forget "sell the news" by the way. Doesn't work well for stocks and this is crypto which is a different animal and works even worse.  Buy on positive actuality, ie news, but beware on rumour on many coins as there's a lot of promises from some coins, particularly new ones, which never come to fruition.

[JosNekoKopa]

The only reason LTC rose to such prices was because of SegWit, but SegWit provides no tangible benefits to LTC whatsoever.
Y'all should be cautious, because even a crash is not unlikely.

This is only an example for Bitcoin to see, what can happen. Whales investing much in this hype this makes me little suspicious. I hope this is not a trap for Bitcoin. On the other side LTC was in range 0.01 long time ago, and this restoring was expected.

[prabakharras]

When Ethereum raised back, it raised a lot before correction taken place. many who sell during the raise, cant even buy them back with a profit.
Looks the same for Litecoin, question is when will it correct?

[pereira4]

There you go, it's already correcting. I think it peaked at 0.0153 and now we'll go back to 0.012 to test support line. Maybe that is a good entry point, assuming it pumps before segwit is activated and the news get sold to hopefully fall down to a bigger price than the 0.012 entry point.

Who else is waiting for that dip?

[pereira4]

i was waiting for the dip the whole day, and i finally bought now, i might be wrong tho

Im not sure, I think I will keep waiting for at least 0.012. By looking at the past LTC rises, it tends to go up, then spend 3-7 days correcting. Of course we have the segwit hype, which is a gamble in either thinking people will sell the news or buy them after it officially activates. I think a big dip will happen, but we can't know if it's going to happen before this event or not.

[lizardbtc]

Maybe dip will happen but I do not believe that the dip will be a big one. I think that it will continue to raise as with activating SegWIt + coinbase, ltc, said "hey, we are still here" considering the markets raise of ETH and Dash it is looking promising for LTC as well.

I might be wrong, but I just think that market overall is unstable (or it is stable?) as you look of the sudden raise of btc followed by eth and dash with ltc at end, some other cryptos are becoming higher as well - this is a wild west you never know for sure.

Maybe I am wrong, maybe not - only time will tell.

[vsyc]

I don't believe the rise will be sustained. We are going back to 0.009 before the price consolidates and finds a solid floor above 0.01. There's also the risk of investors selling the news again just like what we saw with segwit getting locked in. One last dip before the rocket ignites.

It's also going to need continued good news otherwise the price will tend to stagnate until we see solid LN usage.

You know, price does not rise because of shorters, that do not give a shit about product, rather than earn a single satoshi. Despite that everything is possible, it will not go to 0.009, forget.  It was correcting for a month or so, now only up.

Fuck you shorters, lets prove LTC value!

[pereira4]

I don't believe the rise will be sustained. We are going back to 0.009 before the price consolidates and finds a solid floor above 0.01. There's also the risk of investors selling the news again just like what we saw with segwit getting locked in. One last dip before the rocket ignites.

It's also going to need continued good news otherwise the price will tend to stagnate until we see solid LN usage.

You know, price does not rise because of shorters, that do not give a shit about product, rather than earn a single satoshi. Despite that everything is possible, it will not go to 0.009, forget.  It was correcting for a month or so, now only up.

Fuck you shorters, lets prove LTC value!

I want LTC to rise, but it's looking to sharp of a rise. Also let's see how serious community is about LTC after segwit, because "sell the news" can happen, and we are going to see a big dip if that is the case.


I hope everything is good for the long term, but sharp rises have sharp falls and I will be there to buy cheap, sooner or later the good moment to buy will arrive, and no im not shorting.

[TreasureSeeker]

Forget waiting, you may as well buy now as things are on the up both short and long term for a plethora of positive reasons, and the current price will look cheap later. If you'd bought at the time of the first post in this thread you could have bought at even lower. Don't make the same mistake. Just a bit of friendly advice.

[OrangeP]

Ltc has been at $45 before. A rise is fundamentally reasonable and was long overdue. Compare it to the 2016 Monero runaway market. Ltc above 25 seems rock solid. Of course it'll fall when the whole market declines, which is about to happen.

[SpectivVR]

LTC will eventually trace back down, but it may not retrace before the next rise. BTC has been on a run since $1200, with little retracing at all.