BTC/LTC pair. Buying LTC Halving

[chrusso]

Hi everyone!

I'm writing to know your opinion about the LTC halving. I'm currently holding about 90% in bitcoin, 5% in Solana and 5% in USDC.

During the last days I've found this article: https://cointelegraph.com/news/litecoin-price-poised-for-700-gains-vs-bitcoin-says-charlie-lee where Charlie Lee says it could could do 700% vs. Bitcoin.

So I've been thinking in swapping all my BTC into LTC and wait for the halving... I wouldn't expect it to do 700% but if it does 200% I would happily sell back for Bitcoin.

I was waiting for the Bitcoin halving to be honest, but if I can grab this halving, duplicate my bitcoin and then grab the bitcoin halving it would be great.

What are your thoughts on this?

Thanks a lot in advance!
Kind regards;
Chris

[Oshosondy]

In the last litecoin halving, there was no significant effect it has on litecoin. Only the halving that we know to have significant effect on bitcoin and altcoins including litecoin has been bitcoin halving.

Altcoins may grow than bitcoin, that won't be a surprise if it happens, but if they want to fall, they fall more than bitcoin too.

[chrusso]

In the last litecoin halving, there was no significant effect it has on litecoin. Only the halving that we know to have significant effect on bitcoin and altcoins including litecoin has been bitcoin halving.

Altcoins may grow than bitcoin, that won't be a surprise if it happens, but if they want to fall, they fall more than bitcoin too.

So you don't expect the LTC vs BTC price to increase during or after the LTC halving? Shall I keep my savings in BTC?

The LTC price seems to be still low considering the incomming halving... 1 LTC = 0.0035 BTC right now...

Thank you!

[Oshosondy]

So you don't expect the LTC vs BTC price to increase during or after the LTC halving? Shall I keep my savings in BTC?

Yes, you can. After bitcoin halving, the price of cryptocurrencies do increase, I do not think that will not still happen again after bitcoin halving which would be around March or April next year.

[chrusso]

I'm trying to find a way to duplicate my BTC before the halving without incurring in high risk...

[dragonvslinux]

During the last days I've found this article: https://cointelegraph.com/news/litecoin-price-poised-for-700-gains-vs-bitcoin-says-charlie-lee where Charlie Lee says it could could do 700% vs. Bitcoin.

Charlie Lee is smoking crack or meth if he think LTC could increase 700% over the havling period, or even the near future, even if there is there is potentially some short-term upside to be seen.

Firstly let's not forget that Litecoin's price against Bitcoin has been in a downtrend since 2014 with lower highs (hence it had a double top against the dollar in 2021 while Bitcoin made new highs). There is also a lot of distribution volume between 0.004 and 0.005 BTC right now that I don't see Litecoin breaking through very easily, even with a halving on the horizon. I do acknowledge that in 2019 Litecoin doubled in price against BTC during the halving period, so it clearly remains possible to outperform Bitcoin in the short-term, but otherwise let's not forget that Litecoin is still around 80% from the previous halving, so go figrure...

TL:DR: LTC/BTC is only ever a short-term trade opportunity, potentially around the halving, but never a good long-term investment

[Zaguru12]

I'm trying to find a way to duplicate my BTC before the halving without incurring in high risk...

If what you’re saying is simply to double your current bitcoin holdings then I would say it is the best and less risky option. It is true that Alticoins have tendency to grow in higher percentage than bitcoin during the bull run. But the risk is higher because most of these Alticoins could just dump anytime but with bitcoin one is guaranteed a cryptocurrency coin that is a store of value and also a ROI. Also almost every increase of the entire Alticoins depends on the percentage increase of the bitcoin.

[TimeTeller]

I'm trying to find a way to duplicate my BTC before the halving without incurring in high risk...

If what you’re saying is simply to double your current bitcoin holdings then I would say it is the best and less risky option. It is true that Alticoins have tendency to grow in higher percentage than bitcoin during the bull run. But the risk is higher because most of these Alticoins could just dump anytime but with bitcoin one is guaranteed a cryptocurrency coin that is a store of value and also a ROI. Also almost every increase of the entire Alticoins depends on the percentage increase of the bitcoin.

If he really wants to buy some LTC, then, don't go all in. Only sell some to buy some LTC.
Anyone can say anything to create hype for the coin they own. Check if there's strong basis why he is saying such increase.
I understand that most people are looking for ways how to increase their holdings at a short period of time.
But weigh the risk you are getting into, sometimes it is better to just hold the coin that you are very sure of.

[goaldigger]

Halving are coming and its a good opportunity now to accumulate more, I suggest not to go all in and have a balance portfolio. Increase your LTC halving while lowering your BTC holding at least to 60% which I think is already an ideal holdings. Though if you really want to be more safe, then holding with BTC is more ok since halving with LTC from the previous years didn’t pump that much on its price.

[boltz]

I've witness the last halves on Litecoin and nothing special happened ...and I don't think something special will happen right now besides the fact that Litecoin has already gained 20$ in the last 2 months and with 2 months before halving, maybe , it will continue to rise a bit more but I don't see Litecoin having a boom just because the halv is happening. After all , we are still in a very locked in bear market .

[btc_angela]

I've witness the last halves on Litecoin and nothing special happened ...and I don't think something special will happen right now besides the fact that Litecoin has already gained 20$ in the last 2 months and with 2 months before halving, maybe , it will continue to rise a bit more but I don't see Litecoin having a boom just because the halv is happening. After all , we are still in a very locked in bear market .

Yeah, it's just a short pump as I guess, although we all know that Litecoin is like the guinea pig for Bitcoin, however, it won't duplicate the success of it. So if I'm the OP, maybe just invest a couple to Litecoin but you have to be very careful to monitor the price right after the halving so that you can at least time the market and sell at the right time in order to make the profit.

Still for us the majority here will rather have put their money on Bitcoin for long term.

[yhiaali3]

In my opinion, this is a dangerous attempt, and you should do all the calculations before embarking on this adventure.

Firstly, I never expect LTC price to go up to 700%. This is a big exaggeration. Secondly, you should consider the worst case scenario. What if you switch Bitcoin to LTC, then Bitcoin starts to rise and LTC does not go up, what will happen then?

Of course, you will not be able to buy the same amount of Bitcoin, and you will have lost the amount of Bitcoin that you had instead of doubling it.

[mk4]

If you're going to make a trade based off some influencer's Tweets, or worse, an article geared towards attracting newbies, then you're going to have a really bad time trading.

^Not saying that this is necessarily a bad trade though. Just the fact that you're basing your thesis off a bad source.

[EarnOnVictor]

I'm trying to find a way to duplicate my BTC before the halving without incurring in high risk...

If what you’re saying is simply to double your current bitcoin holdings then I would say it is the best and less risky option. It is true that Alticoins have tendency to grow in higher percentage than bitcoin during the bull run. But the risk is higher because most of these Alticoins could just dump anytime but with bitcoin one is guaranteed a cryptocurrency coin that is a store of value and also a ROI. Also almost every increase of the entire Alticoins depends on the percentage increase of the bitcoin.

If he really wants to buy some LTC, then, don't go all in. Only sell some to buy some LTC.
Anyone can say anything to create hype for the coin they own. Check if there's strong basis why he is saying such increase.
I understand that most people are looking for ways how to increase their holdings at a short period of time.
But weigh the risk you are getting into, sometimes it is better to just hold the coin that you are very sure of.

I think the OP is new to the game, if there is anything that will shortchange Bitcoin it's definitely not LTC, experience matters, and Litecoin should not outperform Bitcoin if history would repeat itself. I'm carefully studying the behaviour and psychology of many markets, and I don't even think that Litecoin would move up to 700%, but if it does, then Bitcoin can't move less than that unless it moved even better.

If the OP must invest in an alt at all, I think there are better alternatives that could still move about 1000% in about 9 months. Those might be such that has had significant fall from their ATH.

[CarnagexD]

Hi everyone!

I'm writing to know your opinion about the LTC halving. I'm currently holding about 90% in bitcoin, 5% in Solana and 5% in USDC.

During the last days I've found this article: https://cointelegraph.com/news/litecoin-price-poised-for-700-gains-vs-bitcoin-says-charlie-lee where Charlie Lee says it could could do 700% vs. Bitcoin.

So I've been thinking in swapping all my BTC into LTC and wait for the halving... I wouldn't expect it to do 700% but if it does 200% I would happily sell back for Bitcoin.

I was waiting for the Bitcoin halving to be honest, but if I can grab this halving, duplicate my bitcoin and then grab the bitcoin halving it would be great.

What are your thoughts on this?

Thanks a lot in advance!
Kind regards;
Chris

even without halving, LTC is already established token compared to other memecoins or altcoins. keeping it would be ideal for me even not halving. The transaction fees in there is most used in business transaction since it has it's own blockchain and the transaction fee is very low compare to btc or eth. Halving a coin would be a good consideration but for me it is still te usage and its fundamentals. You can stack on both LTC and BTC. If the timing it is that you were asking, you must consider technical analysis.

[Husires]

Charlie Lee is the creator of Litecoin, If he is not enthusiastic about the Litecoin, then absolutely no one will be. All the articles you will read about him will contain some kind of bias.
Do your own research. Does LTC Halving really influence its price so that you can make profits? The answer is no. During the past years, the price of litecoin was not linked to Halving, but rather to the price of Bitcoin. Historical data does not show any linkage or any long or short term effect on the price.

the price rose after many months, and that rise was related to the rise in the price of Bitcoin.

[Dave1]

Hi everyone!

I'm writing to know your opinion about the LTC halving. I'm currently holding about 90% in bitcoin, 5% in Solana and 5% in USDC.

During the last days I've found this article: https://cointelegraph.com/news/litecoin-price-poised-for-700-gains-vs-bitcoin-says-charlie-lee where Charlie Lee says it could could do 700% vs. Bitcoin.

So I've been thinking in swapping all my BTC into LTC and wait for the halving... I wouldn't expect it to do 700% but if it does 200% I would happily sell back for Bitcoin.

I was waiting for the Bitcoin halving to be honest, but if I can grab this halving, duplicate my bitcoin and then grab the bitcoin halving it would be great.

What are your thoughts on this?

Thanks a lot in advance!
Kind regards;
Chris

Lol, I do hope you know who Charlie Lee is, and although he has separated from his pet projects years ago, you can still see though that he still tries to influence it with this kind of statement.

We have nothing against LTC, but it's better that if you are going to invest your money on it, it's because you did your due diligence and your own research and not to listen to even the former founder and developer of LTC himself. But just be better if you go 100% on bitcoin, in my opinion.

[el kaka22]

I do not think that it will do this well. I can see it doing a bit well, not saying it will be nothing at all, certainly there is a charm to it during halving and afterwards, but %700 seems a bit too unrealistic. I think even on the best ever cases, I can see double, I mean not that I see that, it won't do double but that is the best ever possibility and nothing more.

I think it is quite important to realize that we are not going to end up with anything profitable if we keep on just trusting these people who are promoting stuff they work on. If you ask Elon, he will say tesla is the best car, if you ask Tim Cook, apple is the best phone, are they right? Maybe, to some, but not to all. Same here, litecoin would be great to Charlie obviously, but does the market think so? We have to wait and see.

[judaspriest]

hoping to get 200% to 700% on litecoin is a very difficult thing to get, because there are several factors,
first Litecoin is the top altcoin marketcap and already has almost the same ROI as Bitcoin,
and secondly the price of Bitcoin must be bullish because litecoin also follows the price of Bitcoin,
so if you sell your Bitcoin then you also miss up to 200% profit too.

[chrusso]

I'm trying to find a way to duplicate my BTC before the halving without incurring in high risk...

If what you’re saying is simply to double your current bitcoin holdings then I would say it is the best and less risky option. It is true that Alticoins have tendency to grow in higher percentage than bitcoin during the bull run. But the risk is higher because most of these Alticoins could just dump anytime but with bitcoin one is guaranteed a cryptocurrency coin that is a store of value and also a ROI. Also almost every increase of the entire Alticoins depends on the percentage increase of the bitcoin.

If he really wants to buy some LTC, then, don't go all in. Only sell some to buy some LTC.
Anyone can say anything to create hype for the coin they own. Check if there's strong basis why he is saying such increase.
I understand that most people are looking for ways how to increase their holdings at a short period of time.
But weigh the risk you are getting into, sometimes it is better to just hold the coin that you are very sure of.

I think the OP is new to the game, if there is anything that will shortchange Bitcoin it's definitely not LTC, experience matters, and Litecoin should not outperform Bitcoin if history would repeat itself. I'm carefully studying the behaviour and psychology of many markets, and I don't even think that Litecoin would move up to 700%, but if it does, then Bitcoin can't move less than that unless it moved even better.

If the OP must invest in an alt at all, I think there are better alternatives that could still move about 1000% in about 9 months. Those might be such that has had significant fall from their ATH.

Which altcoins do you think are better alternatives and could move that much?