Litecoin is officially dead

[usairx]

I have a feeling litecoin was pumped by chineese exchanges (okcoin!) and because its such a small market and there are so few exchanges, the rest of the market just jumps on the bandwagon.

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[zz11]

The OP is now a barrell of laughs. I wonder if the thread starter had managed to get a position before the 4x rise.

Having said that there will be steep corrections now which have already started so dont get caught holding the bag.

[Gillette]

As the pump is over, yes it`s dead now!

[kaykawa]

lost $44 with ltc

[spazzdla]

The OP is now a barrell of laughs. I wonder if the thread starter had managed to get a position before the 4x rise.

Having said that there will be steep corrections now which have already started so dont get caught holding the bag.

Watch this bear trap, the likes to which the crypto world has never seen. 

[sidhujag]

maybe it will finally hit my target < $1

[Nxtblg]

The OP is now a barrell of laughs. I wonder if the thread starter had managed to get a position before the 4x rise.

Yeah, but threads like this are very educational in their way. When they become filled with "oh yah, it's really dead this time" and threads like it proliferate - and all this takes place while the market is flatlining -  then you should seriously consider buying some.

Had I followed my advice & followed through by buying some LTC, I'd be a happy fellow now.

[Za1n]

I think it is a long way from being dead, just a much needed pullback.

This is the time to buy if you ask me. Don't go in all at once, but come up with some type of plan to invest. Dollar cost averaging is your friend.

[Tinkles]

It doesn't look dead lol 

[bit1]

The OP is now a barrell of laughs. I wonder if the thread starter had managed to get a position before the 4x rise.

Having said that there will be steep corrections now which have already started so dont get caught holding the bag.

I think that answer is not at your doubt:

thread starter had managed to get a position before the 4x rise.

Only remember that all coins even BTC were on low critical levels at months previously to July, Even today some peoples think that LTC is dead, anothers that BTC is dead, etc.

[Southpaw0]

Litecoin seems to be making a comeback these days.. might be time to buy 

[NattyLiteCoin]

Litecoin seems to be making a comeback these days.. might be time to buy 

Survives biblical dump and almost up 10% after a Chinese cup of coffee? Well keep the Titans on.

[bitboy11]

maybe it will finally hit my target < $1

+1 
I need it to go back down so I can buy again before the next pump.

[X68N]

Actual news, Litecoin rating droped  since weak hands cannot carry bagholders and  exited at 0.030  
But no need to panic for now.
The rapid rise has called for a correction. from 0.325 to the 61.8 Fibo level is 0.0200 if this level breaks then, well shit

lol fibonacci is so overrated.

Never saw how it tied into people's actions myself. One of the virtues of the "classic" book on technical analysis is that the authors made an attempt to tie the chart patterns to how people actually behaved. (So did the late Harry Browne, by the way.)

Case in point: a "resistance" level is a price where a lot of selling power coalesces - meaning, that a lot of people (or some biggies) have a fondness for selling at that price. Vice-versa for a support level & buying.

One of the charms of technical analysis is the reasoning-in-a-circle aspect of it. I.e., "if enough people believe in Fibonacci levels, then..."

Here i made a image to explain how i use it.
Its just a graphical approach to not calculate every time in the head risk-reward and retracement related questions.
There is no magic, just a pratical tool
This approach explains the Extension.
The Retracement works for the question where to enter on Retracements and where to put Stoplosses in Trends.
Chart is M15 Eur/USD

[Searing]

maybe it will finally hit my target < $1

+1 
I need it to go back down so I can buy again before the next pump.

I jinxed the works

I was looking to sell at 8.25 or so LTC fell asleep with laptop in bed ..put laptop away went to sleep woke up it was like 4.70 or some such

sheesh...an expensive nap

so yeah it better come back up or I'll be waiting for at least 6-7 buck coin till 2017 or some such silliness

[XinXan]

Well as of today seems like litecoin is more alive than ever, second on coinmarketcap with a significant lead on ripple, the price got to 8$ and its still growing, i mean the ratio BTC/LTC is higher than it was in 2014. Im not really sure if this will last long since it's sustained by nothing but speculative parties but we will see.

It is a massive Pump and Dump, nothing else. The Litecoin thing has exactly same real value as before, that value is precisely zero. The thing used by no real world applications whatsoever except by day traders in China, and I can assure you (even if you make millions in short term on day trading) that is a not a sustainable business model.

Over $200,000,000 in market cap value is a little more than zero value IMO.  To have that cap put on it WITHOUT real world applications says something different to me...imagine its potential WITH applications.  It is purely speculation at this point, but to write it off as a Pump and Dump is a little premature.

You can see now that didn't last for too long, as i said i wasn't really sure for how long it will mantain that price since it was pumped for no reason or in other words without any support of anything other than people who wanted to pump it

[azguard]

I have a feeling litecoin was pumped by chineese exchanges (okcoin!) and because its such a small market and there are so few exchanges, the rest of the market just jumps on the bandwagon.

it was now is on real price for now

[o0‡0o]

I have a feeling litecoin was pumped by chineese exchanges (okcoin!) and because its such a small market and there are so few exchanges, the rest of the market just jumps on the bandwagon.

BTC-e and Bitfinex did have, and have almost 80% of trading volume. So your feeling tells you the 10% Chinese trading volume managed to pump. Cryptsy, Bittrex and co make up the rest in total over 50 exchanges.
    
BTC-E   LTC/USD   31.64 %    
BTC-E   LTC/BTC   23.77 %    
Bitfinex   LTC/USD   16.52 %        
Bitfinex   LTC/BTC    6.52 %    
BTC-E   LTC/RUR    0.43 %    
BTC-E   LTC/EUR    0.36 %

[Simran]

I have a feeling litecoin was pumped by chineese exchanges (okcoin!) and because its such a small market and there are so few exchanges, the rest of the market just jumps on the bandwagon.

BTC-e and Bitfinex did have, and have almost 80% of trading volume. So your feeling tells you the 10% Chinese trading volume managed to pump. Cryptsy, Bittrex and co make up the rest in total over 50 exchanges.
    
BTC-E   LTC/USD   31.64 %    
BTC-E   LTC/BTC   23.77 %    
Bitfinex   LTC/USD   16.52 %        
Bitfinex   LTC/BTC    6.52 %    
BTC-E   LTC/RUR    0.43 %    
BTC-E   LTC/EUR    0.36 %

Good analysis there.

[sidhujag]

So we are at post pump drag stage? Whens the dump coming?