Litecoin is below 5 USD ,what should I do

[Bananana]

it is over 6$ today

Surprisingly, some whale pump litecoin up to 6$.. do you think it will sustain there?

[Nawaytes]

If ltc ever drop to $1, I might consider buying a few hundred for laugh and giggle. And long term investment.

no way, many trader invest in ltc,
buy a lot at $ 10 and is now only $5.5, many people lose their money  
may be will rise $6 or $6.5 tonight.

[koryu]

ltc is a big gamble i thought there will be more resistance @ 5$ but it gone through pretty easy.
imo 6.8 is possible as next target. but if it falls back below 5$ then there will be panic again.

[Oldminer]

ltc is a big gamble i thought there will be more resistance @ 5$ but it gone through pretty easy.
imo 6.8 is possible as next target. but if it falls back below 5$ then there will be panic again.

The problem for LTC is its 'just another altcoin'. There's absolutely NOTHING special about it. If I was holding LTC right now I would be bailing out & buying some volatile (ie potentially profitable) alts.

[transient858]

Huge come back for LTC from 3.5 bottom.

Expect the price to be around 8-10 dollars in the coming weeks.

[Nullu]

I think Litecoin has an advantage, and it's not innovation, it's just being early to market. It's one of the first altcoins. The only reason Doge is dying is because they screwed it up by making it inflationary. If they didn't do that, it would have stood a good chance, too. Being the first big meme coin.

Being first to something can often overcome technical shortcomings. Bitcoin seems quite dated compared to some cryptos coming out, but Bitcoin was first, and paved the way, the same way a lot of altcoins used litecoin for their basecode.

[boraf]

I think Litecoin has an advantage, and it's not innovation, it's just being early to market. It's one of the first altcoins. The only reason Doge is dying is because they screwed it up by making it inflationary. If they didn't do that, it would have stood a good chance, too. Being the first big meme coin.

Being first to something can often overcome technical shortcomings. Bitcoin seems quite dated compared to some cryptos coming out, but Bitcoin was first, and paved the way, the same way a lot of altcoins used litecoin for their basecode.

LTC developers have make it quite clear they will not modify the algorithm or add new innovation into the coin.

Given that the coin is created for the sole purpose of ASIC resistance, and proven not to be the case, I do not see why anyone would want to support the coin.

[fritzi]

Huge come back for LTC from 3.5 bottom.

Expect the price to be around 8-10 dollars in the coming weeks.

That would be good, I bought some at 4 dollars. I'm expecting to double or triple my investment.

[lynn_402]

I think Litecoin has an advantage, and it's not innovation, it's just being early to market. It's one of the first altcoins. The only reason Doge is dying is because they screwed it up by making it inflationary. If they didn't do that, it would have stood a good chance, too. Being the first big meme coin.

Being first to something can often overcome technical shortcomings. Bitcoin seems quite dated compared to some cryptos coming out, but Bitcoin was first, and paved the way, the same way a lot of altcoins used litecoin for their basecode.

Litecoin is very inflatory at the moment though, and will be so for many more years.

I doubt the market can support a price much higher than 4 or 5$ when so many coins are created everyday, with most of these dumped by mining farms.

[devphp]

I doubt the market can support a price much higher than 4 or 5$ when so many coins are created everyday, with most of these dumped by mining farms.

I would be very surprised if it can support $4-5 for longer than a few months that's left of this year.

[virtualdn]

you should enjoy the weekend.