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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1279251 times)
Stratobitz
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December 26, 2017, 10:37:49 PM
 #5021

Other coins and tokens lost both volume and value in this recent correction in altcoin market whereas LTC sustained the gains. I see only low volume and price still at very good level with plenty of support and stable floor apparently. It is going to be ready very soon for next ride in near future.
Other coins and tokens lost both volume and value in this recent correction in altcoin market whereas LTC sustained the gains. I see only low volume and price still at very good level with plenty of support and stable floor apparently. It is going to be ready very soon for next ride in near future.

Agreed; the entire altcoin market (monitoring Bittrex alone); saw a roughly 22% median drop last night starting at roughly 11:50PM EST.  The average 24 Hour % Gain/Loss across all 197 Bittrex Markets dropped from a median of roughly 13.9% gain to a loss of -8.3% across all markets. The drop lasted roughly 40 minutes.

Litecoin holds an interesting place in the Altcoin economy. It has always been seen as Bitcoin's "Alternative" in terms of the first mainstream highly traded altcoin.

Also; Bitcoin faces some serious obstacles which it will need to overcome moving forward; one of which is the the transaction fee/block size/transactions per block issue.

As Bitcoin has no where near reached "mass adoption"; and the average transaction feed has skyrocketed (averaging roughly $17-$25). This is a major roadblock for Bitcoin. The utility of zero cost; or low cost transactions is no longer possible. For mass adoption to be even considered possible; this issue needs to be solved with a hardfork which is no where in sight.

How can the average person utilize bitcoin to make a basic purchase; or buy a $50 gift card through GYFT, when the TX Fee is $25?  And that's for a small KB transaction.  People who send Bitcoin from a wallet address that has multiple small inputs (dust transactions) will find their transaction fee exceeds the amount of Bitcoin they even have.

Litecoin has proven to be a in for the long run contender, and has survived the bloodbath of the Altcoin showdown we've seen in the past 2-3 years.

Lastly; the fact that the Lee sold his stake in LTC really means very little. As LTC is a decentralized cryptocurrency and he's agreed to remain onboard; he most likely has valid reasons and was transparent about his liquidation of his holdings. Something he was in no way required to do (as required by corporate executives in the fiat/stock markets).

The fact that he was transparent says a lot to me; and even it if was after; why would he announce his sale prior to liquidation.

LTC has held up well. I think factoring the above along with the sentiments being echoed in other above comments and on websites/coindesk/etc - LTC I think could have an extremely promising year moving forward.

Cheers!

Strato

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December 26, 2017, 10:40:04 PM
 #5022

LTC is a good example for how important it is to appeal to emotion rather than reason. 2018 will be an interesting year  Cool
Thumbs up! I see only positive things in LTC and bright future....2018 will be our year... Grin
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December 26, 2017, 10:55:02 PM
 #5023

The greatest thing about Litecoin for me is that you can mine it simultaneously with Bitcoin! 

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December 26, 2017, 11:47:31 PM
 #5024

An interesting coin is very similar to ether. In December of this year, it increased from 80 $ to 350 $. But all the time correction cryptocurrency heavily pruned and LItecoin up to $ 250. What do you think whether to buy it now when the price has stabilized, or even coin falls?

I dont know if LTC goes lower than that, but I am very optimistic it will go much higher starting 2018, I do believe it's a new begining for Litecoin! It is a great coin having so many advantages over Bitcoin, like faster tx and lower fees, and it's been in the shadow for years, but my quess is that LTC will be closer to ETH's value durring 2018!

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December 27, 2017, 12:50:39 AM
 #5025

Want to buy 3 LTC for 0.06BTC, but only on https: //novaexchange.com when accessing the wallet where they lie! Through escrow! Because the deposits are already closed((
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December 27, 2017, 07:12:52 AM
 #5026

The greatest thing about Litecoin for me is that you can mine it simultaneously with Bitcoin! 

Nice theory...

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December 27, 2017, 07:20:07 AM
 #5027

2018 will be interesting year for LTC.

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December 27, 2017, 08:21:24 AM
 #5028

LTCUSD has formed higher lows and found resistance at the $280 level, creating an ascending triangle formation. Price is currently testing the resistance and could be due for a move back down to support or a breakout.LTCUSD has been unable to join in bitcoin’s recovery as weaker volumes for this particular cryptocurrency took its toll during the market holidays. Also, the dollar has been supported by the tax bill being signed into law before Christmas, ensuring stronger business activity and overall performance for the US economy in the months ahead.There are no major catalysts lined up for both litecoin and the US economy for the rest of the year so it’s likely the consolidation could continue in the next few days.
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December 27, 2017, 08:52:16 AM
 #5029

LTC currently facing resistance around the %50 Fibonacci retracement levels of $272.6. We anticipate selling in the zone of $272.60 and $292.589.
However, if it breaks out of $300, we can expect a retest of the highs.
On the other hand, failure of breakout above $300 will keep the LTC/USD pair range-bound between $240 and $300.

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December 27, 2017, 11:39:39 AM
 #5030

In response to the fools who keep questioning why he sold all his coins, Charlie's comment is quite a revealing I think. ..

https://twitter.com/SatoshiLite/status/945891046751215616

...after reading that I'm quite happy to sit tight and see what early 2018 brings...

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December 27, 2017, 04:30:40 PM
 #5031

I’m predicting a $200 LTC soon the DMAs are so far down wouldn’t be surprised if we got another dip down to $155




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December 27, 2017, 04:35:12 PM
 #5032

Fall is the market's natural behavior, which is the charm of digital currency trading, if a substantial fall will increase the position of the buy

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December 27, 2017, 04:52:35 PM
 #5033

I’m predicting a $200 LTC soon the DMAs are so far down wouldn’t be surprised if we got another dip down to $155

What makes you think this, why can't LTC go higher to let's say 500$? Any reason for your statement or you think will be a market correction that big?

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December 27, 2017, 09:09:15 PM
 #5034

In response to the fools who keep questioning why he sold all his coins, Charlie's comment is quite a revealing I think. ..

https://twitter.com/SatoshiLite/status/945891046751215616

...after reading that I'm quite happy to sit tight and see what early 2018 brings...

When writing this: "I have good reasons to." why not think about the consequences. Like out in the field where no one said: Hey people!!!
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December 27, 2017, 10:08:03 PM
 #5035

Hi guys, check out this Litecoin swot analysis

http://cryptoinvestorsguide.com

My crypto blog  -->https://buycryptoaus.com/blog/
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December 27, 2017, 10:14:02 PM
 #5036

price speculation of litecoin for next few days?

   
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December 27, 2017, 10:51:31 PM
 #5037

Besides the normal correction of Litecoin, it is still a good investment in my opinion. And the transaction fees are way cheaper than bitcoin for example.

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December 27, 2017, 11:08:59 PM
 #5038

Besides the normal correction of Litecoin, it is still a good investment in my opinion. And the transaction fees are way cheaper than bitcoin for example.
Yes, I share your opinion. We see $500 for LTC in 2018.
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December 27, 2017, 11:38:45 PM
 #5039

2000 dollar LTC 2018   Grin  I asked Santa.
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December 28, 2017, 11:50:57 AM
 #5040

Fall is the market's natural behavior, which is the charm of digital currency trading, if a substantial fall will increase the position of the buy

Okay, I am pretty new here. Please be so kind and try to explain me your theory. =)
What makes you sure, that LTC gonna fall more and more and more ....
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