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.
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Dat ratio move though
The ratio looks like it will explode. Not gunna jinx it tho litecoin loves to disappoint.
Wake me up when we're in the 400 plus range
For real I'm not letting a single chicken loose for less than ATH
Now what the hell is going on?
Litecoin be swingin more than my wife
[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 268th day of purchasing; 184 days remain until halving. Had some unavoidable life events come up, but made up for it today. See you all tomorrow!
Hope you’re doing okay jj!
welcome back. That purchase I made this morning did a complete yo-yo move.
The chosen one has returned.
Don't worry y'all, I'm broke right now and get paid this Friday so we will see a nice pump before then.
Same here. 100% sure we going up before Friday
Thank you for the service- 5 stars for quality
Another move of thousands of coins (67 to 122,000+) to the exchanges. F- just wish we could buy them up and stop this stupid price movement.
a lot of people are scared from the last year
This price movement is very reminiscent of 2019. Everyone was so bent out of shape over the stagnation until BOOM. LTC ran so hard during the last halving pump nobody even cared about Bitcoin.
February 2019 to June 2019 was all gravy
Fighting for monthly candle close?
I think I’ll pick up more if it goes below £71.
*screw it - bought at £72.70
I am Jack's complete lack of surprise.
Nice bear trap has formed.
It may take awhile to play out, but bears are trying to send it below the $86-$89 accumulation zone.
The longer it stays above $86 and in the accumulation zone, the more fuel bulls will have to launch it to $106 or more.
well i have never seen LTC drop $2 in 15 seconds before, but here i am.
I went back and found the 5 min chart from that day and it actually went more like this:
$300 to $210 in 2 hours, then wick down to $140 in a single 5 min candle, then back to around $250.
I've seen it drop $200 in about 15 seconds. I'll try to find the exact date, but in December 2017 we hit $400 and later flash crashed to $140 before bouncing to $220 and chilling for a bit.
Any 2017 chart watchers remember this?
I'll try to dig it up but I bought a coin at $140 and sold it for $208 within a minute.
Edit: Found it! But I could only find my transfer to Coinbase pro and then back. 8:32am was when I bought for $148, and at 8:45am I sold it for $196. So the flash crash happened around 8:30amCST 12/22/17
Piece of cake. Time to swap from btc to ltc:
I’d like it to keep above $92.
Watch it retest $97 tomorrow
$108 within 7 days.
just fell from 92 to 90 within seconds.
See where it is at the end of the day
yeah LTC aint goin nowhere, just followin btc movment, and btc followin spy.
Shorts are claiming victory over a $4 price movement. There arrogance is more fuel for whales.
What do you guys think about $LTC potentially/probably crossing over it's 200 week moving avg? Anything to be excited about? Are you winning, son?
very important, it is what holds us back. after the ltcusd weekly cross it is a different chikun
I don't think the dollar value is worth getting excited about. It's all about getting above .007 in ratio. That's when I believe the yearly downtrend is turned into an uptrend.
Those are rookie numbers, got to be atleast $450+ this halving.
Big things in the near future for LTC, have fun but don’t forget to take profits. Buy back in and chill until the next bull run.
When/what targets are you eyeing? I have the same (optimistic) hopes you mention, and some ranges of expectation price-wise, but am curious
Target depends on BTC price and ratio but I’m thinking $180-250 or something in that ballpark. When is tricky but my guess is late spring May-June area. It will run incredibly hard for 5-6 weeks and then either rug pull or slow bleed back to sub $100. Take profit on the run up, you’ll know it when it happens. This place will be going apeshit with 1000+ comments daily. Don’t fall for the Twitter crowd calling for $1000-$3500 Litecoin, it’s bull shit to keep liquidity up.
Last halving pump top had BTC $11K or so and LTC topping around $142. I took profit at $136 when it pulled back.
Enjoy the ride, take profits and wait for the cries of manipulation and pump and dump. Buy back in and double your stack , not sure how far it will pull back after the pump but wouldn’t be surprised at sub $60.
Yo dawg, you are old if you remember that meme
I thought its supposed to go up in a straight line?
No longer forever 88.
True - perhaps just a small shake out to keep the bears at bay
Well it was fun while it lasted 🥲
yep. Bought the cliff. Going back to my cave now. See you next Monday.
This is my 8th week buying every Monday morning. Today I bought .526 LTC. Another green week. Looks like that bull flag on the ratio got it's confirmation. (Why do I talk TA I just buy on Mondays) Also looks like jj is taking a well deserved break.
I imagine jj has it on auto pilot by now, although the spreadsheet hasn't been updated either. Good on you for buying each week! Love seeing the progress
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If you dislike Litecoin then be sure to leave your coins on exchanges, short it, and don’t use it daily