Litecoin Doubles In Value since early February

[disconnectme]

I was told this is because of Litecoin cash hard fork that is coming up soon, but Charlie has called it a scam, because there is no positive new apart from this hard fork thing that is driving the price up, we may likely see sell off after the fork

[BartS]

Is it time to sell LTC or hold? What is the target price?

The old saying is "buy the rumour, sell the news". Litecoin has pumped in anticipation of the Litepay payment processor being launched on Feb 26th. When it actually launches, it's success depends on whether mechants actually sign up for it. I expect investors will take profits in advance in case not many sign up.

This is the way to do it the reason to buy the rumors is that if you wait too long to get a confirmation of the rumor then it will be too late and you will be left out of the rise or decrease in price of a coin, this is why right now is the perfect time to invest in coins with good developers, not only litecoin, coins like bitcoin are a perfect example of this, we know that the LN is coming at some time in this year, if you wait for the LN to be ready you will lose a lot of money, it is better to invest now and sell once it pumps when we have confirmation the LN is ready.

[Robin,Hood]

Is it time to sell LTC or hold? What is the target price?

The old saying is "buy the rumour, sell the news". Litecoin has pumped in anticipation of the Litepay payment processor being launched on Feb 26th. When it actually launches, it's success depends on whether mechants actually sign up for it. I expect investors will take profits in advance in case not many sign up.

How many merchants will say no.

Credit cards take up to 3% in processing fees on every transaction.
Accept Litecoin with Litepay and get direct bank deposits in your own currency for a simple, flat 1% settlement charge.

[Rana590]

Is it time to sell LTC or hold? What is the target price?

In my opinion it is time for holding. It is time for buying also. It is the best time to gather litecoin with negotiable price. Don't sell it in that situation. Hopefully price will hit 500$ very soon.

[mummybtc]

I don't think it makes sense to buy the pump now, because we all know that after the airdrop the price is going to dump, LTC and and ETC are two projects that their price have peaked because of the coming airdrop, just look at NXT and ignis airdrop and what happen to their prices after that

[seroja17]

For investment purposes, this means users will spend less money to buy or sell LTC than BTC.

[DaMut]

For investment purposes, this means users will spend less money to buy or sell LTC than BTC.

logically it's not cheaper in any way compared to its price before the airdrop.
lets make a simple calculation about this case;
at February 1,2018 its price approximately around $130 and right now February 18,2018 its price approximately around $230.
that mean the price is increasing around 70% from its average price when it's at February 1,2018.
after the event ends,
the price is drowing and move to around $160 which is down for around 40%(for example) from its peak,
do you think it's cheaper compared to its price before this news came up ?
in other words,it's not a good time to invest it because its price has not been stabilized yet.
and for investment purpose,it's like spend more money to buy LTC.

[cynical]

There are two main reasons for the hike in the LTC price,
They are the upcoming fork to litecoin cash which is reportedly a scam and is not being backed by the litecoin team.
The other is the announcement that litepay will be using litecoin, report below.

[sarcasm] no its dead, nobody is going to be using it, there are better payment options like Ethereum and Neo [/sarcasm] 



I suppose that is why Litepay has decided to accept LTC payments and is set to launch this month!
and the markets are reacting positively to this news which leaked out on Monday.

https://www.ccn.com/litecoin-price-leaps-to-200-ahead-of-litepay-launch/

Litecoin has a very bright future.

[xlth]

I'm not sure if I scam could drive the price that high!

[PanGiMoon]

The fifth largest cryptocurrency by market capitalization, Litecoin, has increased in value from $109.07 on February 2 to $220 at the time of publishing. This is more than 100% price jump in just under two weeks.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/litecoin-doubles-in-value-since-early-february/

Many do not believe in this coin as in the ripple, but with the ripple, if more or less clear, then with Litecoin is not quite. Why does everyone think that this coin is not able to grow and make a profit, is it really not liquid or not supported by the developers. What's wrong with it ??

[linkybit]

Litecoin is fast and cheap to transfer and Litecoin has a very bright future. I think it'll cross $400 by mid of this year.

[Willitivity]

That was quite a pump from FOMOs. As a result of the upcoming fork alot of people rushed in to get LTC inorder to have some free forked coins, now the fork gas turned out to be fake and not from LTC team, let's see how that price holds up. Though LTC is a great Crypto, and the potentials are very much glaring.

[BitcoinHodler]

i am afraid the main reason for this recent litecoin pump was because of the upcoming hard fork that it is going to have. despite all the warnings that people including the developer gave about it and called it "scam", people are still buying LTC for the free money they are going to get.

if my guess is correct them it might lead to a big dump right after the fork happens and LTC can lose most of this current gain.

[xlth]

Many developer would consider a fork made by others as "scam". Question is what the fork will offer as innovation.

[jagdeepjd]

As the Charlie lee once stated in his tweet 2018 will be litecoin's year so this is just beginning. Litecoin has all the feature to be way more valuable than the current price. It was the 1st fork of bitcoin it is fast in the transaction, txn cost is cheaper.

Bcash is trading at 1500$+ being a bitcoin so the current price of litecoin is not justifiable there is a lot of room to grow.