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Author Topic: Will Litecoin recover?  (Read 800 times)
Scoobers
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July 21, 2018, 09:39:07 PM
 #1

I bought some Litecoin when the price was on it's way up. The price took a dive but I've been holding them in the hope they will recover to their former glory. This doesn't appear likely to happen any time soon, would I be better off selling them now and limiting my losses and investing elsewhere or do you think it's likely to achieve a higher price in the long term? All advice appreciated.

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July 21, 2018, 09:43:37 PM
 #2

Nobody knows what will happen in the future. Perhaps you will come up with a compromise option - Sell half, and leave half for long-term storage.

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July 21, 2018, 09:48:50 PM
 #3

It will, but i do not think that it will ever touch more than 300 bucks each one of the, it was a HUGE pump, it was exactly the same as Ripple at the end of the year, just forget about touching more than 300. Over $100 or $150 would be good

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July 21, 2018, 09:51:46 PM
 #4

if I think personally should be for a while you invest elsewhere or with something else. let your litecoin be a long-term savings because we do not know that one day maybe the price of litecoins can reach 50% more than when you bought it.
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July 21, 2018, 10:23:24 PM
 #5

Thanks for your opinions.
I think I may hold on a little longer as I would be gutted if I were to sell after all this time and then the price increased.
Having watched progress for the past year or so, Litecoin price seem to mimic Bitcoin with regards to increases and decreases in price so I am hoping they will both increase substantially over the next few months.

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July 21, 2018, 10:30:31 PM
 #6

You should have sold it long before it dumps or atleast at middle of the dump where you could have cut losses. Therefore better strategy for right now for you can be just to hold whatever you have and hope for price pump which is quite likely with every cryptocoins when bitcoin will start to pump.

Bitcoin will first dump = Altcoin will follow the dump
Bitcoin will start to pump = Altcoin will follow the pump

 
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July 21, 2018, 10:35:48 PM
 #7

If you are at a huge loss then it is better for you to hold onto them a bit longer. As of writing this, I see there have been some positive movements of Litecoin. The market is also looks like it has taken a bit of pace to move up which should also be a good news for you. Altcoins depend highly on Bitcoin, so hopefully when the Bitcoin price rises to a bit higher you will be able to see some positive outcome from your investment in Litecoin.

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July 21, 2018, 10:48:15 PM
 #8

Give it some time, if you're here for the long-term then you shouldn't be worried about the current prices (this applies to any coin you bought on the way up). IMO, Litecoin is one of best alts in the market, I would go as far as to say it's currently undervalued, especially for what it offers and how well-established it is within the cryptocurrency community. Whether it is during the next altcoin cycle or the next bull run, the price will recover in the long run and even go past its ATH, just be patient.

If you're still unsure then you should wait for the upcoming 'bullish trend' to sell at a higher price.

I bought some Litecoin when the price was on it's way up.
now you know you shouldn't give in to FOMO in the future.

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July 21, 2018, 10:52:33 PM
 #9

I bought some Litecoin when the price was on it's way up. The price took a dive but I've been holding them in the hope they will recover to their former glory. This doesn't appear likely to happen any time soon, would I be better off selling them now and limiting my losses and investing elsewhere or do you think it's likely to achieve a higher price in the long term? All advice appreciated.
Until there will be a news that can create a hype to the litecoin or the bitcoin will rise to the roof and i thought that the price of litecoin will never to go back again to the moon. in fact that you can see that about how a lot of people are being trapped at the peak price and then you can see that about the possibility for that as long as a big waves come in the crypto.


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July 21, 2018, 10:54:06 PM
 #10

How much you bought Litecoin before? and how many you bought?

If you decided to sell it now and limiting your losses why you didn't do this before? when you saw 10% of the loss then you better do it right. It's too late to stop the loss and the market is starting to correct as bitcoin goes into its recovery, you only have to wait now.
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July 21, 2018, 10:55:12 PM
 #11

I bought some Litecoin when the price was on it's way up. The price took a dive but I've been holding them in the hope they will recover to their former glory. This doesn't appear likely to happen any time soon, would I be better off selling them now and limiting my losses and investing elsewhere or do you think it's likely to achieve a higher price in the long term? All advice appreciated.

The crypto currency is a long-term investment. Why sell at a loss of the crypto currency of TOP10? Wait at least until the middle of autumn. Bitcoin has already started the way up. After him, and lightcoyin will go.

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July 21, 2018, 10:57:18 PM
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Give it some time, if you're here for the long-term then you shouldn't be worried about the current prices (this applies to any coin you bought on the way up). IMO, Litecoin is one of best alts in the market, I would go as far as to say it's currently undervalued, especially for what it offers and how well-established it is within the cryptocurrency community.

Definitely here for the long term but wondering if my money could be put the better use elsewhere.
Currently it's partly tied up in Litecoin and the rest in other altcoins and I would like to free up some funds for other crypto projects, I may sell some of the other currencies and hang on to Litecoin for a bit longer.
I agree that it's undervalued but it may never be priced at it's true worth.

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July 21, 2018, 10:57:46 PM
 #13

Maybe you miss the time of selling your coin at the middle of the dump market but I know Litecoin can survive. I think you should learn on how to cur losses, while holding on your LTC better to study what trading is all about so you will not buy coins again at the wrong time.
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July 21, 2018, 10:58:32 PM
 #14

after bitcoin and etherum litecoin is most talked currency in the market we can expect litecoin recovery in the next bull run price expectation for litecoin is 500 dollars by the end of this year
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July 21, 2018, 10:59:57 PM
 #15

if you sabbar will wait please hold your litecoin aja, no doubt again to go up, but somehow .. if you can not wait better you sell it and find a better coin according to you

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July 21, 2018, 11:00:33 PM
 #16

How much you bought Litecoin before? and how many you bought?

If you decided to sell it now and limiting your losses why you didn't do this before? when you saw 10% of the loss then you better do it right. It's too late to stop the loss and the market is starting to correct as bitcoin goes into its recovery, you only have to wait now.

I was led to believe that it would recover and grow to be worth much more so I have been waiting patiently (more than 6 months) and it looks like it may take much longer before it increases substantially.

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July 21, 2018, 11:16:15 PM
 #17

It is possible that bitcoin will up the crypto market. I mean that the all altcoins will follow bitcoin by copying its growth and I am holding ETH namely because I am waiting that ETH will chase bitcoin and decrease the spread.
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July 21, 2018, 11:24:10 PM
 #18

How much you bought Litecoin before? and how many you bought?

If you decided to sell it now and limiting your losses why you didn't do this before? when you saw 10% of the loss then you better do it right. It's too late to stop the loss and the market is starting to correct as bitcoin goes into its recovery, you only have to wait now.
I was led to believe that it would recover and grow to be worth much more so I have been waiting patiently (more than 6 months) and it looks like it may take much longer before it increases substantially.
As you can notice we've been into the bear market for 6 months and if you can stay and hold still that's better for you but if you really can't anymore, you can let go.

And like what I said to you, the recovery is starting to be seen through bitcoin. It's price went up and other alts did the same thing (though not all of them) but I believe like last year when bitcoin goes ATH again, alts will probably do too.
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July 21, 2018, 11:26:47 PM
 #19

The recovery of Litecoin at the end of 2018 is tough. By the beginning of 2018, LTC rates go to the moon to more than $ 300, so the possibility of large LTC will level off, and the exchange rate can only increase to $ 100 by the end of 2018 due to the cryptocurrency market.
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July 21, 2018, 11:27:38 PM
 #20

It is possible that bitcoin will up the crypto market. I mean that the all altcoins will follow bitcoin by copying its growth and I am holding ETH namely because I am waiting that ETH will chase bitcoin and decrease the spread.
Bitcoin will make this market pump again, and I believe LTC will enjoy that pump too. You are the one who bought during the peak, just wait for the right time and your buying price will hit again maybe next year Smiley don’t lose hope abot that this is not the end of cryptomarket.

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