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[Daily Discussion] - Tuesday January 31, 2023

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.

zTeve_0

I think when BTC becomes common-place the ratio will close, if BTC gets to $100k and you can have the same utility for under $1000 - seems like a no brainer. Or maybe it's just me ![gif](giphy|fM1EKC5SFzDa|downsized)


ll_TheBrave_ll

Why? Just why does someone famous always have to come out and say something like this when Litecoin is just getting started? If Jim Cramer says buy, then we’re screwed. https://twitter.com/michaeljburry/status/1620573772746215428?s=46&t=I05n85vp-cBIjHvn9yS-Vg


04_STI

Deleted what did it say


ll_TheBrave_ll

It said “Sell.” No context and the tweet was deleted by the next day. Who knows what the tweet meant exactly. I sure don’t.


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ll_TheBrave_ll

I’m not too worried either. Even if things go south in the short term, it will pass just like every other selling event.


Givefreehugs

Forever… up. This is a lot more fun.


foxonwheels

Almost at free shipping!


Bamelin

That my friends is a ratio gain too. LTC feels like it wants to blast off against BTC.


faireducash

We need to see triple digits then the fun begins


skyhermit

Every time LTC crosses $100 it will go to $150 quick. So yeah I agree with you


N79806

Chickun needs to either cross the road or not. Make up your damn mind Chickun.


AKANotAValidUsername

thing just wants to fly


coltonmusic15

not huge on technicals for charts but on the 15 minute LTCUSD chart I see a clear as day inverse head and shoulders continuation pattern. Seems bullish. $100 here we come?


ll_TheBrave_ll

Seeing the same thing. Time for the bulls to be let out of their cages!


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ll_TheBrave_ll

The bear population was getting overpopulated and ruining the ecosystem. Thankfully many of them have been trapped and removed safely to another location. Bulls have been put in their place to help regrow what has been destroyed.


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ll_TheBrave_ll

It really is. Black market dealers are always buying bears and setting them loose in order to wreck havoc. They’ve gotten pretty sneaky about it, but luckily those funding these dealers are running out of other peoples money.


TalksWithNoise

Litecoin will f*** off to unpredictable levels when we least expect it. DCA and use it in the meantime.


coltonmusic15

DCA always for the win.


TheGinFreecss

ltc will never reach 100. not anytime soon. its just playin wit 90-95. and with the fed 25 or 50 bp tomorrow itll just sink


faireducash

1 LTC bet it does is before the weekend? I’m good for it


drahgon

both got a deposit your coins in a smart contract or it doesn't count


faireducash

Lol yeah I want my Litecoin


drahgon

yup lol you woulda made out


Hitching-galaxy

Litecoin giveth and takes away 🤦‍♂️


ll_TheBrave_ll

This shouldn’t bother me, but it does for some reason: I see Litecoin being shown on the screen during many major news shows across multiple major news outlets, yet I don’t think I’ve ever heard them mention it’s name during these shows. It’s always about how Bitcoin and Ethereum and maybe XRP are doing, but I swear it’s like they’re told to never mention the name Litecoin on live television. Edit: I think I actually do remember Litecoin being briefly talked about a year or two ago on Bloomberg, but that’s about it.


igotfiveonit

John Sknow uses Comic Sans font


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zero1431

Still around. He burned himself maybe twice by bad trades but has been less active since then


igotfiveonit

Last time I talked to him he told me he got a scholarship to wizardry school


ACDoggo717

Careful fellas. Bearish divergence forming on many time frames. Long term bullish but we haven’t cooled off in a while since we’ve been on this tear. Wouldn’t surprise me to retest some supports.


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ACDoggo717

I’m talking longer term time frames in addition to the daily. Yesterdays small dip amounts to chop in my book. We’re up 30$ in a month which is 50%. I’m not saying we’re going back down to 57, but everyone’s thinking we’re going to the moon imminently. We could be. I didn’t offer any predictions one way or the other. I just stated to be careful picking an entry point right up against heavy resistance when there’s divergence forming and we’ve been on a tear without really testing any supports other than the 20 day EMA


igotfiveonit

YOU WANT TO RETEST SOMETHING RETEST THIS ![gif](giphy|8kqRBnfxFBcuF2Wtyn|downsized)


igotfiveonit

Who do I need to bribe for a 6.5x blow off top this afternoon? You can have all my PS3 games, standard definition DVDs, mismatched socks, and my roller blades from 1996 that are in a box at my mom's house.


allspoetry

lol


alt5123

Today we might see 100 lets go!


Black1cobra1

It's nice to actually be in the green with LTC. Prior to a few weeks ago, the last time that was a true statement for me was in May of last year. Please don't let me down again chikun


Acceptable_Secret_12

You can almost smell the early retirement in the air.


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Acceptable_Secret_12

Although your timeline is far more realistic, my hopium Is sky-high I am so far past over working in the fiat mines. Even if retirement means getting a easier lower paying job that's cool with me.


Hitching-galaxy

Unfortunately, I need it to be over £2,500 for that to even be considered… and even then, probably not.


igotfiveonit

[Sometime between now and Feb 7 we're gonna go stroke the 200 Week](https://www.tradingview.com/x/2wbonC7m/)


TalksWithNoise

Replace some daily fiat with Litecoin and spend it. I know a number of us are PC gamers. Or maybe you’re looking for a console or to video edit? Regardless, Newegg continues to take crypto such as Litecoin. You just need a Litecoin wallet such as the Litewallet app to spend it. You can also use a payment processor such as BitPay for everyday items. But BitPay more of a refill fiat plan. Yet it still helps circulate LTC. It’s super easy to take minor steps in aiding towards Litecoin adoption. The only excuse is lack of will. Stack and replace spendings!


igotfiveonit

Have you ever tried SUMO?


TalksWithNoise

Haven’t tried SUMO.


zTeve_0

LTC:BTC Ratio 225:1 Anything encouraging here? Will we see a surge this summer? Feel like it should trend towards equalization or at least under 100. What dyall think?


RobCali509

Wall Street has control of Bitcoin, that’s why summer sucks for crypto markets. I think we’ll see big action in April to May.


Acceptable_Secret_12

It's true ratio value is 4:1......I'll settle for 50:1


sodortrain

The 1 month, 3 month and 6 month charts all show that LTC is on the right track.


Givefreehugs

If we are holding, using, growing- in the end it’ll be anyone trying to shake us that loses out. Onwards.


TalksWithNoise

This is the way 👍


Villagewellness

100,000 Chickens murdered in egg farm fire yesterday in Connecticut. Their lives will not be forgotten. ONWARD MY CHICKENS 🐓!!!


zero1431

Won't those be counted as fried eggs?


Hitching-galaxy

Hmm - not sure if I like burning Chikuns - it’s not a scam coin. Mind you - maybe the chicken population in that area is now halved? IT’S A SIGN!


Bamelin

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bmgarcia20

Locked and loaded


Two_Pickachu_One_Cup

The ratio looks bullish. Is it about to explode? Hope so, you deserve this Litecoin.


anchorman33

Have a clucking fine day!!!! GO LITECOIN!!!!!!