I hate LTC markets because I think they are manipulated too. BTC’s silver? WTF?
Before to segwit, tweets were a problem and moved prices. We could see several strange waves (compare with other coins and remember or search tweets' history of F2POOL, SatoshiLite… ).
It seems to was very difficult to implant segwit.
I don’t know, but after to see the coincidences with the fall of some delisted coins in Polo and Segwit tweets' war, I start to think that some coins are more centralized than we belive them.
I think Charlie Lee has to stop to publish puzzles and work hard to explain to some business/people why LTC is a good option to pay and make transactions.
True..Charlie Lee was sell us the news about Segwit.Now he is playing some games and puzzles. A lot of people get profit on pump and before ,now they quit the game.
It was obviously from the begining that LTC is under a huge influance of china miners. It is overmanipulated by thems too.
The price of LTC will be down, because China open fiat withdrawal from china exchange in June. I think they will drop the price further because the majority of LTC holders is in China. Investors and Whales just will not allow to people withdraw profit. I do not think it will be back to 4$ I think 15$ is very possible.
Also it could be opposite too..That fro June price will start to go up, because of possitive news about Lighting Network and fiat opened in China..
Manipulated indeed First bitmain make litecoin miners and noone buys them, then segwit hype takes hold, litecoin rises , then litecoin becomes very profitable, bitmain sellout their ltc miners and ltc increases, then segwit activation drags out, will it wont it ? Price still speculate s on approval keeping it up but volatile gaining more interest from traders as it drags on, bitmain wont vote for segwit , price teeters , why wont they vote yes ? Cause bitmain are a btc miner maker mainly and segwit isnt compatible with btc if their miners are using asicboost, a advantage only they have unlocked in their farms to get 30% more efficency from their own farm miners, noone else, whats that got to do with litecoin? Well if litecoin gets segwit the next logical step is btc gets segwit too cause afterall btc is gold compared to litecoin as silver, so segwit is not what bitmain wants for btc cause their power cost would rise 30%.Eventually bitmain give in and vote for segwit ( prob cause they dont want ltc to crash cause their making too much on their now sold out ltc miners) . And to top it off they prob "invent" a firmware issue on their ltc miners to drag out how long they can milk the ltc price by mining on the very machines that the public have already bought and are still awaiting delivery!
LTC sold on the news, the news was segwit activation. Its what they do with segwit that matters. The bottom has been found a few hours ago , hopefully, looks like ltc rebound in the making now.. Just remember prices climb stairs and drop in elevators.
