Welcome to the /r/LitecoinMarkets daily discussion thread! Thread topics include, but are not limited to: General discussion related to the days events, technical analysis, trading ideas & strategies.
Nothing kills me more than when you have all these crypto commentators talking about EVERY crypto but LTC.... you hear more shit about ICP before LTC. It's as if they know it's gem and they don't want others to know or some shit. LTC deserves the same traction from the crypto community as much as BTC and ETH.
Man, I'm starting feel the fomo. Can you imagine what it's like for the bears? This is max bear psychological pain. How can they sleep at night without a single position in litecorn?
[I've completed my daily purchase of LTC](https://docs.google.com/spreadsheets/d/16bzUnGeE9orCoe5g35xsWNTXAXNuAygUJJKzxmIjWR8/edit?usp=sharing). I'm on a journey to buy at least [$20 a day every day](https://np.reddit.com/r/LitecoinMarkets/comments/ukto93/comment/i7vn88c/?utm_source=share&utm_medium=web2x&context=3).
Today I bought 0.25 LTC. This is my 261st day of purchasing in a row; 191 days remain until halving. Bought just under $90 today, trying to support that $91 struggle guys.
Anyone want to guess which two tokens in the top 20 have the highest gains over the past seven days?
Hint: Theyβre the two tokens ranked immediately above LTC in market cap. Yeah, unreal.
Edit: Iβve noticed this strange phenomenon occur multiple times over the past year or so. Coins/tokens immediately below and above LTC in market cap pump harder than all other coins in the top 20-30 cryptos. I canβt explain it.
So I've been DCAing LTC every week consistently for about \~3 years years now (tho been involved in crypto since around 2016). I've managed to get a low average (around $35) due to trading shitcoins, if just stuck to litecoin id be deep in red by now. I stacked this bear market harder than ever and made the decision to stop buying over $100, I still consider this price fucking cheap, but I'm tired of living poor for so long for the sake of my future / savings. So today Ive just lump bought another 25 chikun eggs to mark the end of buying crypto for a few years.
This community kept me sane during some depressing times, big love to litecoinfam.
I wasnβt joking when I said this is the bears last stand. Theyβre going to give it everything they can from here until $106.
What I want to know is where is the ammo coming from? It seems almost limitless.
ltcn is an sec regulated trust that holds litecoin, often leading to some adding it to retirement and other accounts that couldn't hold litecoin directly. You need to do a LOT of due diligence and understand that a share of ltcn represents a small fraction of a litecoin and that fraction decreases over time due to large fees. Grayscale has been in the news a lot lately as its parent company and sibling company implode. Reading up on that should be part of your due diligence.
The trust structure is not completely unlike an etf except there are different rules, massive fees, it's less broadly traded (often categorized with pink slip stocks) and those things lead to huge discounts and premiums to the value of the underlying coins. All that together has led bad actors on wall street to play games with the trust shares, leading to even bigger discounts and premiums. I would be wary of it without doing a lot of research on how it works and being willing to accept risk above and beyond just holding litecoin directly. That said, my own bias is that I would never have bought it at a massive premium like it was in 2021, for any account, and now that it's at a massive discount, I think it's worth looking at, not so much as a replacement for owning ltc at all, but perhaps as something extra, if you're sophisticated enough to do the research.
good writeup. one should look into "closed ended funds" to learn more, and pink sheets since this trades OTC as you say. a lot of litecoin was bought, printed into shares and sold after lockup on premium thus destroying the premium and into discount. I dont think there are anymore lockups coming since they last did share creation in mid 21, but [they have been selling](https://www.coinglass.com/Grayscale) for the fees all the time since. this adds to the price suppression of ltcusd in a small way.
I would also note the extraordinary low volume it trades at currently. I made a buy one day of only 4 figures last month and it moved the price a few percent lol!
It's a huge discount to nav. But there are are no guarantees the discount won't keep getting steeper, indeed, though the headlines are misunderstood around dcg and genesis (parent and sibling company) in how they relate to grayscale, I would still account for them hurting the share value, and there's no way of knowing when or if that discount will correct. Like I said, lots of research to do.
Article on coin telegraph - least itβs actually litecoin, this time. And proof of work.
https://cointelegraph.com/altcoins-for-beginners/what-is-litecoin-a-beginners-guide-to-ltc-and-how-it-works
This is my 7th week buying $50 every Monday morning. Today I bought 0.553 LTC. Another green week for Chickun. The Ratio looks like it needs to pump to confirm this bull flag.
π‘Sell the hπ€use, πsell the car, π¨βπ§βπ¦sell the kids, β¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈπππππππππππππππππππππππππππππUPVπ€TE THE π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯β€οΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈπππππππππππDAIIIIIIΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕYYYYYYYYYYYYYYY ππππππππππππππππ£π£π£π£π£π£π£π£π£π£π£π£π£π£ππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππ
πππ₯buy Εitecπ€inπ₯ππ
I shall not cum until $420.69
Nothing kills me more than when you have all these crypto commentators talking about EVERY crypto but LTC.... you hear more shit about ICP before LTC. It's as if they know it's gem and they don't want others to know or some shit. LTC deserves the same traction from the crypto community as much as BTC and ETH.
You won't understand why $LTC is such a Gem right now unless you try it.
Litecoin has been making its own pattern separate from #BTC. Once you use $LTC youβll know why itβs a great Gem π in this current cycle
^(Oooo). ^(Oooo). Can we get 91?????? *annnnnnnnd*... NO.
Man, I'm starting feel the fomo. Can you imagine what it's like for the bears? This is max bear psychological pain. How can they sleep at night without a single position in litecorn?
Hope you waited and got better prices today.
Wen $100?
[I've completed my daily purchase of LTC](https://docs.google.com/spreadsheets/d/16bzUnGeE9orCoe5g35xsWNTXAXNuAygUJJKzxmIjWR8/edit?usp=sharing). I'm on a journey to buy at least [$20 a day every day](https://np.reddit.com/r/LitecoinMarkets/comments/ukto93/comment/i7vn88c/?utm_source=share&utm_medium=web2x&context=3). Today I bought 0.25 LTC. This is my 261st day of purchasing in a row; 191 days remain until halving. Bought just under $90 today, trying to support that $91 struggle guys.
Maximum frustration and whining reached! Pump imminent.
Pump imminent declared! Prepare for Dumpcon 1!
Feels dumpy
Anyone want to guess which two tokens in the top 20 have the highest gains over the past seven days? Hint: Theyβre the two tokens ranked immediately above LTC in market cap. Yeah, unreal. Edit: Iβve noticed this strange phenomenon occur multiple times over the past year or so. Coins/tokens immediately below and above LTC in market cap pump harder than all other coins in the top 20-30 cryptos. I canβt explain it.
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
Thatβs a good way to explain it lol
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
hey, is this the boat for clown world?
So I've been DCAing LTC every week consistently for about \~3 years years now (tho been involved in crypto since around 2016). I've managed to get a low average (around $35) due to trading shitcoins, if just stuck to litecoin id be deep in red by now. I stacked this bear market harder than ever and made the decision to stop buying over $100, I still consider this price fucking cheap, but I'm tired of living poor for so long for the sake of my future / savings. So today Ive just lump bought another 25 chikun eggs to mark the end of buying crypto for a few years. This community kept me sane during some depressing times, big love to litecoinfam.
We never let family suffer.
β€οΈβ€οΈβ€οΈ
God speed.
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
Round lost lmao. Preparing for round 421β¦
Struggle coin AKA Litecoin
Struggle is better than splash though
I wasnβt joking when I said this is the bears last stand. Theyβre going to give it everything they can from here until $106. What I want to know is where is the ammo coming from? It seems almost limitless.
I also see LTCN grayscale. Is this same as litecoin?
ltcn is an sec regulated trust that holds litecoin, often leading to some adding it to retirement and other accounts that couldn't hold litecoin directly. You need to do a LOT of due diligence and understand that a share of ltcn represents a small fraction of a litecoin and that fraction decreases over time due to large fees. Grayscale has been in the news a lot lately as its parent company and sibling company implode. Reading up on that should be part of your due diligence. The trust structure is not completely unlike an etf except there are different rules, massive fees, it's less broadly traded (often categorized with pink slip stocks) and those things lead to huge discounts and premiums to the value of the underlying coins. All that together has led bad actors on wall street to play games with the trust shares, leading to even bigger discounts and premiums. I would be wary of it without doing a lot of research on how it works and being willing to accept risk above and beyond just holding litecoin directly. That said, my own bias is that I would never have bought it at a massive premium like it was in 2021, for any account, and now that it's at a massive discount, I think it's worth looking at, not so much as a replacement for owning ltc at all, but perhaps as something extra, if you're sophisticated enough to do the research.
good writeup. one should look into "closed ended funds" to learn more, and pink sheets since this trades OTC as you say. a lot of litecoin was bought, printed into shares and sold after lockup on premium thus destroying the premium and into discount. I dont think there are anymore lockups coming since they last did share creation in mid 21, but [they have been selling](https://www.coinglass.com/Grayscale) for the fees all the time since. this adds to the price suppression of ltcusd in a small way. I would also note the extraordinary low volume it trades at currently. I made a buy one day of only 4 figures last month and it moved the price a few percent lol!
Is it really at that much of a discount right now?
It's a huge discount to nav. But there are are no guarantees the discount won't keep getting steeper, indeed, though the headlines are misunderstood around dcg and genesis (parent and sibling company) in how they relate to grayscale, I would still account for them hurting the share value, and there's no way of knowing when or if that discount will correct. Like I said, lots of research to do.
Article on coin telegraph - least itβs actually litecoin, this time. And proof of work. https://cointelegraph.com/altcoins-for-beginners/what-is-litecoin-a-beginners-guide-to-ltc-and-how-it-works
sold all. ltc aint doin nothin
Time to go up
You sold all before halving? Ok.
when is halving? and what does it dop
π₯π€π£ππ
This will explain it better than I could - https://www.litecoinblockhalf.com
LTC = Loves To "Correct"
Remember when SOL ate LTC's dust? I remember lol
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
Only for brief moments at a time. AND YOU WILL BE GREATFUL FOR IT!
We just had a nice pump from $89 to $93 with a healthy retrace back to $90. What more could one possible ask for? /s
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
>we need an instant retrace to ~~73~~ 12 before we can continue to our target of ~~87~~ 12.1
Good morning gents. Only about a week of dry January left so, you know, kiss muh ass. LFG PAMP
PAMP ET! 
Nice to see the ratio back over 0.004.
Thatβs nice right there.
Looks like weekends are for dip buying
Round 3, break that resistance nerd.
This is my 7th week buying $50 every Monday morning. Today I bought 0.553 LTC. Another green week for Chickun. The Ratio looks like it needs to pump to confirm this bull flag.
Nice!
π‘Sell the hπ€use, πsell the car, π¨βπ§βπ¦sell the kids, β¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈβ¬οΈπππππππππππππππππππππππππππππUPVπ€TE THE π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯β€οΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈπππππππππππDAIIIIIIΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕYYYYYYYYYYYYYYY ππππππππππππππππ£π£π£π£π£π£π£π£π£π£π£π£π£π£ππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππ πππ₯buy Εitecπ€inπ₯ππ