Is Litecoin Ready for a Major Breakout?

[Sayeds56]

The Lite coin # 5 on coinmarketcap which is also called Mini BTC has not shown any impressive performance during the recent Bull run  but during the past week it surged 39% and rallied to $124. It has broken major resistance levels, more significantly it broke 62% FIB. The next major Resistance levels are at $ 131, 135, 151 and 160. As many analysts are expecting a major rally in Alts Market once BTC price stabilizes and BTC dominance Index comes down to 60% then we might see Lite coin breaking its ATH record of $375.

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[xSkylarx]

Let's hope it really happens, I bought some of it at 140$ and still hodling it now. I'm confident that it will return to that price because it's one of the OG altcoins. The only question is when, right now it's playing at 110$ - 120$, a little more pump before the end of the year and I can finally recover my loss to it.

[takngantuk]

yes, I hope bitcoin dominance can drop to 60%. This would be good not only for Litecoin but all the altcoins on the market would be affected. Currently LTC is in a good condition. and if bitcoin stops rising. This will be a great opportunity for Litecoin to return to ATH.

[PIMPdev]

 major breakout like ethereum 2 times higher for one month that would be cool enough

[bryant.coleman]

yes, I hope bitcoin dominance can drop to 60%. This would be good not only for Litecoin but all the altcoins on the market would be affected. Currently LTC is in a good condition. and if bitcoin stops rising. This will be a great opportunity for Litecoin to return to ATH.

The current spike was resulted solely from Bitcoin and the altcoins don't have any role in the bull run. And this is the reason why the Bitcoin dominance rose from 57% to 68% in less than three months. I won't be surprised if the Bitcoin dominance increases to 80% or above in the next few months. Altcoins survived for so long, but their time is up. Users don't want to invest in coins without real usage.

[Sayeds56]

Let's hope it really happens, I bought some of it at 140$ and still hodling it now. I'm confident that it will return to that price because it's one of the OG altcoins. The only question is when, right now it's playing at 110$ - 120$, a little more pump before the end of the year and I can finally recover my loss to it.

Very well said. I think it will go beyond your buying price. You need to hold it with patience and confidence in this great coin. Crypto Market is full of surprises, you never know what tomorrow brings for you. This market has  changed fortunes of many participants and it will continue doing that in coming months and years.

[passwordnow]

The Lite coin # 5 on coinmarketcap which is also called Mini BTC has not shown any impressive performance during the recent Bull run  but during the past week it surged 39% and rallied to $124.

That is contradicting. It's in the bull run when Litecoin surged with that percentage and that's a very impressive knowing that in the past several months after its halving, nothing happened like this. And, although there's a massive dump for most of the alts, it has also recovered just like the other altcoins that we have.

It has broken major resistance levels, more significantly it broke 62% FIB. The next major Resistance levels are at $ 131, 135, 151 and 160. As many analysts are expecting a major rally in Alts Market once BTC price stabilizes and BTC dominance Index comes down to 60% then we might see Lite coin breaking its ATH record of $375.

Noting that we're not yet in the altcoin season but many alts are also increasing as bitcoin pumps. Breaking its past ATH is possible if the altcoin season comes.

[peter0425]

I think Litecoin now is ready to take the position again that has been taken by Ripple, For the whole 2017 LTC is the ranked 3rd from bitcoin and ethereum but after the controversial selling litecoin starts to lose value and stays lower at ranks 10

But now after this great more than 50% this coming end year,surely next year Litecoin has more to prove

[sulis sudibyo]

yes, I hope bitcoin dominance can drop to 60%. This would be good not only for Litecoin but all the altcoins on the market would be affected. Currently LTC is in a good condition. and if bitcoin stops rising. This will be a great opportunity for Litecoin to return to ATH.

The current spike was resulted solely from Bitcoin and the altcoins don't have any role in the bull run. And this is the reason why the Bitcoin dominance rose from 57% to 68% in less than three months. I won't be surprised if the Bitcoin dominance increases to 80% or above in the next few months. Altcoins survived for so long, but their time is up. Users don't want to invest in coins without real usage.

what about altcoins like litecoin, monero, or ethereum. doesn't the coin have real use. so there is still hope for bitcoin dominance to fall. and what about the possibility of bitcoin sideaway or even stabilizing in the 23k price range for a long time. this also triggers the decline in bitcoin dominance, people will start to take profits and sell bitcoin. after that the trader will definitely choose a profitable altcoin. it is also unlikely that bitcoin will be in a rally for a very long time. There will definitely be times when BTC corrects. this moment can also cause the altcoins to rise.

[Cornia]

Everything may happen in cryptocurrency. But if Litecoin's bullrun starts, I think other Altcoin's bullrun will also start. The Altcoin market is now the most unstable.  Surge of different coins at different times. Today if 50% surge of a coin is being dumped again 30-45% after one day.

[StealthCoin1]

The Lite coin # 5 on coinmarketcap which is also called Mini BTC has not shown any impressive performance during the recent Bull run  but during the past week it surged 39% and rallied to $124. It has broken major resistance levels, more significantly it broke 62% FIB. The next major Resistance levels are at $ 131, 135, 151 and 160. As many analysts are expecting a major rally in Alts Market once BTC price stabilizes and BTC dominance Index comes down to 60% then we might see Lite coin breaking its ATH record of $375.

Yes it seem Litecoin is about to pump hard. The Chinese love their Litecoin.

[CuriousGeorge]

yes, I hope bitcoin dominance can drop to 60%. This would be good not only for Litecoin but all the altcoins on the market would be affected. Currently LTC is in a good condition. and if bitcoin stops rising. This will be a great opportunity for Litecoin to return to ATH.

It looks like that will not happen shortly consider about bitcoin is still dominating the market and the total domination of bitcoin is above 67%
It's quite difficult for altcoin to get the 7% from the bitcoin domination. Ethereum needs to be doubled to make it happen dude.

[Jawhead999]

As many analysts are expecting a major rally in Alts Market once BTC price stabilizes and BTC dominance Index comes down to 60% then we might see Lite coin breaking its ATH record of $375.

So you're think if BTC dominance come down (The price decreased/got dump) then Lite coin price will in bullish and breaking new ATH?

That's contradicting on your statement with the graph (actual) happened.



As you can see if Bitcoin in bullish, Litecoin will following too. And if Bitcoin got dump, Litecoin also same. So this means, Litecoin will always following Bitcoin.

Litecoin is not like Ethereum when bitcoin dominance come down 37,84%, Ethereum rise up to 31,17%.

[Eddyc]

We can say yes and we can also observe that Litecoin, dogecoin, Ethereum are the Bitcoin exchange variables for any type of Fiat. So in relation to project and development time there is the possibility of an appreciation for Litecoin but unfortunately all projects are linked to Bitcoin and depends on this factor to appreciate in relation to its price in the market.

[Godwinpaul]

Litecoin performance this few days has been impressive and for the first time this year, the value rose above $100. I'm still positive about the coin and would be expecting it to hit a new ath in the next bull run. Litecoin is one of the altcoin I admire and I see the value bringing smiles to the holders.

[Mpamaegbu]

It's about time too for Litecoin to come up in price value just like what ETH and XRP are doing with Bitcoin bull run. However, it's so far so good from my perspective of what Litecoin has already done on the market. With its ATH at $360+, the current price level stands at barely 30% but it's still better than what ETH and XRP have offered, considering their respective ATHs. Perhaps we are going to see more rally for LTC in days to come. In the crypto circle too much can happen within a few hours.

[Lantind]

major breakout like ethereum 2 times higher for one month that would be cool enough

If this could be really cool, why would you only write a few words in this forum? You should have said all of these things here so that others could find out why it happened so cool in one month.

[eucalyptus]

Recently we have seen that Litecoin was very strong against Bitcoin. I was hodling Ethereum and Ripple. I didn't want to invest in Litecoin which was a mistake. It went up and up in silence. It' very promising project and I like Litecoin. But maybe I will wait for a while to invest in LTC again.

[zaim7413]

yes, I hope bitcoin dominance can drop to 60%. This would be good not only for Litecoin but all the altcoins on the market would be affected. Currently LTC is in a good condition. and if bitcoin stops rising. This will be a great opportunity for Litecoin to return to ATH.

In fact, this will happen the other way around if the dominance of bitcoin can drop by 60%, this is a very large percentage for Bitcoin, so if that happens, then the price decline in other Altcoins such as LTC will also occur, not up.

[Jating]

The Lite coin # 5 on coinmarketcap which is also called Mini BTC has not shown any impressive performance during the recent Bull run  but during the past week it surged 39% and rallied to $124. It has broken major resistance levels, more significantly it broke 62% FIB. The next major Resistance levels are at $ 131, 135, 151 and 160. As many analysts are expecting a major rally in Alts Market once BTC price stabilizes and BTC dominance Index comes down to 60% then we might see Lite coin breaking its ATH record of $375.

It's already on a major breakout, but still far the previous all time high.

I think alts will have it's time next year, bitcoin is still dominating at this point so it's hard for alts to cut the piece of the piece, sort of. The last time alt market sees all time high is when bitcoin dominance went down to 45% range.

So it will either take a lot of new blood to pump altcoin market again, or bitcoin investors suddenly shifts to altcoin similar to early 2018 to achieved new all time high for the top 10 altcoins including Litecoin.