is it a LTC bubble ?

[mmitech]

some people say that LTC is experiencing a bubble now that MTgox confirmed its implementation in July, I have something to say here, LTC just corrected to where it should be, 3-3.5 $ seems just right and fear for miners.


to remind people back in February march the diff.factor was around 50? or 60, than it was slowely rising to 120, and LTC price did hit 5.9$ now that was a buble and in matter fact it was just riding the BTC bubble.


if the price is not less than 7$ with the given diff.factor than I do not consider it a buble, it is just taking people awareness of its potential.    

[MaGNeT]

There is no "correct" price for LTC or any cryptocurrency.

If demand grows, price can go up to anything.
If demand shrinks, price can go down to anything.

With more people having access to the LTC market (like over 600,000 people on MtGox) price could go up to anywhere between 5 and 50 Dollars, I guess.

There are now 18.7M LTC vs 11.3M BTC

[mr_random]

Even the price of BTC is highly speculative. 

One way to look at it is from a very simple perspective (I like to be simple). Litecoin is in high demand and there is a ton of hype around it. It makes sense to buy a bunch and ride the wave upwards. Kind of like how the media went crazy about BTC when it broke $32 and the bitcoin hype train started.

[mmitech]

There is no "correct" price for LTC or any cryptocurrency.

If demand grows, price can go up to anything.
If demand shrinks, price can go down to anything.

With more people having access to the LTC market (like over 600,000 people on MtGox) price could go up to anywhere between 5 and 50 Dollars, I guess.

There are now 18.7M LTC vs 11.3M BTC

but there is always miners securing the network, which must gain some profit over their utility bills and hardware cost, in fact the network hash rate and the coin price are major factors as well (beside other things) to look at for the success of a coin, this is why BTC is so special. and i believe that LTC will take the same road of BTC, i do not know if it will be as successful as BTC is, but it will have its spot as well

[S3052]

Litecoin prices and Litecoin charts alert:

http://bit.ly/qJDsYw

[dopamine]

Finally LTC is hedging against BTC.... weeeee

[syn999]

i fair when ppl realize something isnt right, ltc going to drop hard

[mmitech]

Litecoin prices and Litecoin charts alert:

http://bit.ly/qJDsYw

thank you for the link, interesting I will bookmark it

[syn999]

there we go, like i said
we can see price drops to a certain lvl

[peonminer]

A vacuum bubble. 

[Dalib]

It seems that LTC is losing much more than Bitcoin 

[NWO]

Sell all of your LTC to me, huge bubble alert! 

[bitbitcoins]

and sell it there : http://bitbitcoins.com 

[worldinacoin]

LTC is going to be traded on the largest exchange of BTC, this will indirectly give it far more liquidity and exposure and hence the price increase, it is not a bubble definitely.

[bitdwarf]

Buy the rumor, sell the news.