Is Litecoin Ready for a Major Breakout?

[arabianhorse]

Global market is in panic and Crypto is also feeling the heat with the start of Monday but many times we hear this logic that x-mas week is coming and people specially in Europe and US cashout from market to celebrate Christma and new year. So for this reason the price is dumping.

[FaucetKING]

Coblee, the developer of Litecoin is still amoung us here in Bitcoin talk and his Litecoin blockchain is working perfectly for years. I don't see any reasons that prevents Litecoin from soaring and making the achievements of Ethereum. Litecoin doesn't even need smart contracts to replace Ethereum as a mean of payments. I think that the developers of this great blockchain should start thinking about implementing Smart contracts, if they do so then we might see LTC at 1000$ per coin or even more. Nowadays, i'm forecasting a steady growth and a price valued at 80 - 200 usd.

[SATWAT]

Global market is in panic and Crypto is also feeling the heat with the start of Monday but many times we hear this logic that x-mas week is coming and people specially in Europe and US cashout from market to celebrate Christma and new year. So for this reason the price is dumping.

Due to stick lock down in few countries most chances peoples will stay at home and enjoy with online games and relative stuff just because of this surely crypto rates are going to rise because right now its best option for many peoples to enjoy their stuff and this will bring some good news in crypto for Litecoin I also have few but mostly I hold them and use for transactions as its much faster and better then many hopefully price will also rise.

[pealr12]

No need to chill this project @op because it doesn't seem like lition is ready for any breakout to me, i think this project should first consider listing on a good top tier exchange if they are as strong as you claim they are with all those great partnerships, uniswap is not for everyone and the rest of exchanges don't represent the class of this project well enough.

[ScamViruS]

No need to chill this project @op because it doesn't seem like lition is ready for any breakout to me, i think this project should first consider listing on a good top tier exchange if they are as strong as you claim they are with all those great partnerships, uniswap is not for everyone and the rest of exchanges don't represent the class of this project well enough.

Are you sure what you mean You may have made this comment without knowing about Litecoin. Litecoin is one of the top coins, so you do a little research about litecoin. You've spent a lot of time in the crypto community, and your rank hero member in this forum and you don't know  properly about litecoin! Which surprised me a lot.



Source: https://coinmarketcap.com/currencies/litecoin/

[Mahdirakib]

The recent price move of ltc is notable but I'm not expecting any major breakout in ltc price soon. Cause litecoin price showing too much volatile movement, which isn't a sign for major breakout. Bitcoin marketcap dominance increasing slowly. There is huge difference between alt and btc price move now. While bitcoin showing stability alt price dropping much. Overall ltc have done better than most other alts but we aren't going to see the new ATH shortly.

[Twinkledoe]

The recent price move of ltc is notable but I'm not expecting any major breakout in ltc price soon. Cause litecoin price showing too much volatile movement, which isn't a sign for major breakout. Bitcoin marketcap dominance increasing slowly. There is huge difference between alt and btc price move now. While bitcoin showing stability alt price dropping much. Overall ltc have done better than most other alts but we aren't going to see the new ATH shortly.

And if we talk about the developments in ltc, is the dev still active? I am not really familiar with the movement in their developments. But if they do have active ltc team, we can expect that there will still be price improvement but major breakout? Seems not gonna happen anytime soon.

[fia_naila]

No need to chill this project @op because it doesn't seem like lition is ready for any breakout to me, i think this project should first consider listing on a good top tier exchange if they are as strong as you claim they are with all those great partnerships, uniswap is not for everyone and the rest of exchanges don't represent the class of this project well enough.

You know what litecoin is ? Begore hinance existed this coin already gives a good run. Top exchange ? Litecoin has been in top exchange like btc-e and others. And probably even binance owner have litecoin. This coin will break out when mimblewimble is implemented which is around Q1 2021

[BigBoy89]

TBH I don't find a valid reason behind the Litecoin soar more than other alts. It's old coin, nobody really uses it, no smart-contract, no anything.

This puzzles me and for now, I'm staying away from LTC.

[ibuddy122505]

TBH I don't find a valid reason behind the Litecoin soar more than other alts. It's old coin, nobody really uses it, no smart-contract, no anything.

This puzzles me and for now, I'm staying away from LTC.

3 months ago litecoin was trading around $44 each and now it's about $107 each, reason why I'm bearish. I really like litecoin and think LTC will be moving 2021 as well. Litecoin already 2x now but there only few notice it. Sometime top things are working out without any reason, you just need to eye to look.

[bitcon]

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.

Investing in Litecoin will never be a mistake, unless you do not need to buy at the peak. In my opinion, there is a peak right now. Then we will be able to observe the correction of the exchange rate and then you can buy yourself coins, with the condition of long-term investment.

[tycsols]

Litecoin is still way below its previous all time high levels so i do not expect it too reach there anytime soon, only if the bullish momentum continues from here on still it will take some months to reach previous high levels, I think first quarter of the new year will be crucial to set the pace for ltc.

[zonefloor]

I am expecting a nice rise from LTC. But it is a very unstable coin. When the market rises, it falls. It comes out when it falls. It is really annoying to watch a very unbalanced profile. But now is definitely the time.

[Sayeds56]

I am expecting a nice rise from LTC. But it is a very unstable coin. When the market rises, it falls. It comes out when it falls. It is really annoying to watch a very unbalanced profile. But now is definitely the time.

The whole crypto Market was  in Panic including LTC When SEC announced Lawsuit  against XRP . It had negative impact on all Alts price including LTC. The LTC/USDT pair is still trading above its 20 days MA and hopefully it will soon hit its next resistance levels at $ 116, 121 and 129 when BTC price remains stable at current price and its Dominance Index starts coming down. I strongly believe that KTC will eventually break its ATH record of $ 375 once a real bull run starts in Alts Market.

[zidanw]

Well that's probably a good sign, I was considering myself to have some Litecoin as well too. It's indeed a good investment for long term holding let's just hope that it would have a major breakout maybe before the end of 2020 or maybe early 2021

[Sithara007]

The SEC lawsuit has destroyed XRP and it is having a negative impact on the other altcoins as well. And the Litecoin prices are also down and it has gone below the crucial support level of BTC0.005 per coin. I remember a time when Litecoin used to trade at BTC0.03. During the recent years, its exchange rates against Bitcoin has gone down, although the prices denominated in fiat currency seems to have gone up.

[mariah.sadio]

Litecoin for 100+ is already good news. If institutionals like grayscale continue to buy it we will see it for 130. However, higher targets like 150+ are still not looks realistic as for me

[maydna]

If litecoin ready for a major breakout, I am ready to sell my litecoin at a peak because I still have some litecoin, which I bought at a low price. It is good news that we can see the litecoin price now can increase to $109, and if litecoin can surge to the high price, it could be another moment to make a profit. But I am not sure if litecoin can increase to $200 this month because it seems the way to go that price still needs more time. But if this month, the altcoin season can come, I am sure that litecoin will have that chance to increase and break many high prices.

[iTradeChips]

We all saw that the Altcoins were not able to replicate the highs that Bitcoin has gained for the past weeks. Many before believe that if Bitcoin increases then it will positively affect the other altcoins and they too will increase in value. That did not happen now, so what is going on? It is now clear that Bitcoin behaves separately and has nothing to influence as far as the price of altcoins are concerned. This in my opinion is simply a normal progression. If you trust the altcoin, then you continue to invest on it, no matter what the performance of it may be.

[leea-1334]

We all saw that the Altcoins were not able to replicate the highs that Bitcoin has gained for the past weeks. Many before believe that if Bitcoin increases then it will positively affect the other altcoins and they too will increase in value. That did not happen now, so what is going on? It is now clear that Bitcoin behaves separately and has nothing to influence as far as the price of altcoins are concerned. This in my opinion is simply a normal progression. If you trust the altcoin, then you continue to invest on it, no matter what the performance of it may be.

Yes,,, the long awaited altcoin season has not arrived even though Bitcoin has now been past the 2017 ATH for weeks,,, not a very good sign at all because even the big ETH is struggling to reach 50% of the ATH (1400+). But maybe it needs Bitcoin to go x2 at $50k before they all also go and take their time to run up the charts.