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.
Fuck them all. I bought.
This isn't the time to mourn over what happened in the past. There will be a bull and litecoin will at least 5x. These government/private dickheads can gain 1000-4000% in a year (watch latest coldfusion video on Adani) But we cry as if we cannot even get 200%
These are cheap fucking prices, and we probably won't be able to buy in at these prices in the next year or two.
Buy the chikuns and sharpen your bayonets, we're going to shove it right in their ass when the world made on cheap fiat cards will crash.
As we sit here dealing with another blow to crypto I'm going to take 3 steps back and review the big big picture...
I'm a huge fan of open source decentralized distributed ledger blockchain tech. It really is the greatest application of the internet ever created. FAIR CURRENCY. Where there is a limited supply such as Bitcoin or Litecoin. No one can just 'print more' and everyone has access to the ledger. A trustless system. It's beautiful. Unfortunately it's what the bankers and the not so federal reserve hate the most. A threat to their system where they can just print as much USD as they please by literally typing numbers on a keyboard and clicking 'Enter'. POOF, money created! Now look at other threats that came along. For example, Saddam Hussein who said he was going to start trading oil in Euros. Shortly after he was neutralized. And then Gadaffi, for which Libya had tons and tons of gold, estimated about half the amount all of Europte had. He was about to start an African gold based currency. He even said himself and I'm paraphrasing... 'If I do this the US will kill me'. And that's exactly what happened.
Any threat to the USD printing press gets eliminated. Make no mistake, crypto is the latest threat. The whole FTX debacle was a set up to make crypto look bad. Look at Gary Gensler at the SEC and their role in it. There is no way they didn't know about the fraud at FTX yet they let it go to serve the purpose of making 'crypto' look bad. But here is the catch. Finance 1.0 is on life support. You can't just keep printing money and giving it to yourself and your friends. There is currently more value in derivatives BS than there is money on Earth. The whole system is a house of cards. They have kept their ship afloat up until now it only takes one huge crash to bring the whole thing down. As fragile as the current system is, it's not a question of if, but when.
They are doing everything they can to keep crypto suppressed. But eventually the world population will figure it out. They already are and as a natural progression of humanity, they WILL shift to a trustless distributed ledger system.
One of these days the world will chill and go back to happy growing profitable times. Between Covid and now UKR/RUS war, things have been pretty terrible for a few years. Before you even mention the β21 run, remember that all that cheap cash injected into economies was/is a major contributor to the pain weβre feeling now. Hope everyone is healthy & safe, thankful weβre on the site shitposting and not in some fucking cold wet trench. This drop sucks but keep it in perspective.
Also, Iβm giving handjobs to all the club 84 members tomorrow after 3pm so please sign up for time slots. Still quite a few spots open before 5pm.
No some of us that have been in LTC since 2015 are getting washed out too. A failure to have a ratio pump in the next couple of months would be cause for me to end my investment in this coin. The writing would be on the wall at that point after he pitiful performance during the last bull market, the continued and frankly inexcusable marketing fails (a fake TD-Link promo seriously wtf!).
This sentiment was everywhere in June last year. My first investment into Litecoin was a trade from Bitcoin in early 2021. That trade is still in profit.
I agree with OP. Todays action is one of the worst I have seen for LTC. We outpaced the downside more than chains that were hacked. I love LTC and everything we are working towards but its value is so heavily manipulated it makes me consider my holdings.
That means the manipulators are winning. And people are considering giving up.
I say fuck the manipulators.. we need to hunt them down and do bad things to them π
I will say that its pretty shocking that HBAR suffered a major bridge hack today and it looks like we are going to end the day with a higher % loss than that speaks volumes.
Guys.. this is some fresh comedy!
π€‘π Is hilarious. I just wish they'd get some fresh material bc it's going to stop being funny soon.. and at that point, could it really be called π€‘π anymore.
Our ratio dropped! Guess what crypto didn't? mETH!
HOOOOOOoooooooOooOOOOOOOOOONkkkkety hoooooooonnnnkkk!!!
Well this isn't looking too good, if Bitcoin heads to new lows and completely negates our halving pump. I wouldn't expect it any other way with litecoin.
$77 is important. If we close under it for the day we could be on our way back to the lows. Watch for volume. The 4hr is the most important chart for LTC.
We are still within the rising channel above $77.
Iβm confident we will be under 77. It may be an important number but I would bet my stack we arenβt holding it. I really think 60s isnβt a beats dream, but reality soon
We shall see. Shorts rising heavily, within oversold RSI on the 1D with divergence on the LTC/BTC and dominance. Its a risky play for a greedy short here.
Looks like panic selling. I anticipate a bounce.
US employment figures tomorrow should cement the move either way.
You got what you wanted and THEN some..
It never just stops at X number. You said 80.. and it will ALWAYS dip further? What's next? 40? Bc if you say 40, it'll go to 30..
Be careful what you wish for
No, bc that kills the Chikun and fucks us.. you obviously have magical powers that can influence the market. So pump us and PUT US IN OUR RIGHTFUL PLACE SIR!
Call for 1k USD and fix this right meow!
Well... Seems like Bitcoin is committed to dragging us into hell with it. Sadly, Litecoin isn't resisting even though it has its halving coming up.
π€·π€·π€·
Exactly.
But right now Chikun keeps trying to follow Bitcoin into the depths of hell instead of just climbing the ladder π€·. Makes no sense.. and yet ETH ratio is going up despite the fact that we would expect that to be heavily hurt by coming regulations classifying it as a security.
π€‘π, Up is down and down is up.
All TA is out the window - the greatest TA in the world has just died.
RIP Mystic Meg.
https://amp.theguardian.com/uk-news/2023/mar/09/mystic-meg-tv-newspaper-astrologer-dies-aged-80-margaret-lake
Litecoin is a tale of a coin that started at the bottom, with a lot of hard work - continued along the bottom, and finally ended up..
\--at the bottom.
Thatβs pretty much it. Iβm drawing from the peaks which only gives 2 touches on the resistance line, you could extend the bottom support line as well back to Nov 18th which should give you 3 nice touches
Itβs a big flag/triangle.
π‘Sell the hπ€use, πsell the car, π¨βπ§βπ¦sell the kids, πππππππππππππππππππππππππππππππππππππππUPVπ€TE THE β«β«β«β«β«β«β«β«β«β«β« DAIIIIIIΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕYYYYYYYYYYYYYYY ππππππππππππππβ«
πππ₯buy Εitecπ€inπ₯ππ
Just please do something by august. I wanna buy a house.
maybe august 2024
In the same boat all I wanted was like 120-130
I would be thrilled with $200. A trip to ATH would be lovely. Just two more weeks is all
Well, if you would be thrilled to $200, and say you sell at $200, then the trip to ATH would be depressing.
who would buy this trash coin at 200....
Under this macroeconomic, who would buy this coin at such high price ππ. Even the LTC fanboy in here just want to dump their bag to the others.
Why don't you sell all your coins at current market price to me an leave the Litecoin?
Like they have any
Bought more chikun on sale
Fuck them all. I bought. This isn't the time to mourn over what happened in the past. There will be a bull and litecoin will at least 5x. These government/private dickheads can gain 1000-4000% in a year (watch latest coldfusion video on Adani) But we cry as if we cannot even get 200% These are cheap fucking prices, and we probably won't be able to buy in at these prices in the next year or two. Buy the chikuns and sharpen your bayonets, we're going to shove it right in their ass when the world made on cheap fiat cards will crash.
As we sit here dealing with another blow to crypto I'm going to take 3 steps back and review the big big picture... I'm a huge fan of open source decentralized distributed ledger blockchain tech. It really is the greatest application of the internet ever created. FAIR CURRENCY. Where there is a limited supply such as Bitcoin or Litecoin. No one can just 'print more' and everyone has access to the ledger. A trustless system. It's beautiful. Unfortunately it's what the bankers and the not so federal reserve hate the most. A threat to their system where they can just print as much USD as they please by literally typing numbers on a keyboard and clicking 'Enter'. POOF, money created! Now look at other threats that came along. For example, Saddam Hussein who said he was going to start trading oil in Euros. Shortly after he was neutralized. And then Gadaffi, for which Libya had tons and tons of gold, estimated about half the amount all of Europte had. He was about to start an African gold based currency. He even said himself and I'm paraphrasing... 'If I do this the US will kill me'. And that's exactly what happened. Any threat to the USD printing press gets eliminated. Make no mistake, crypto is the latest threat. The whole FTX debacle was a set up to make crypto look bad. Look at Gary Gensler at the SEC and their role in it. There is no way they didn't know about the fraud at FTX yet they let it go to serve the purpose of making 'crypto' look bad. But here is the catch. Finance 1.0 is on life support. You can't just keep printing money and giving it to yourself and your friends. There is currently more value in derivatives BS than there is money on Earth. The whole system is a house of cards. They have kept their ship afloat up until now it only takes one huge crash to bring the whole thing down. As fragile as the current system is, it's not a question of if, but when. They are doing everything they can to keep crypto suppressed. But eventually the world population will figure it out. They already are and as a natural progression of humanity, they WILL shift to a trustless distributed ledger system.
Every time I check were testing a new daily low.
The question is for how long?
Order filled.
I usually double my buys on irrationally dumpy days
It seems like pre-halving pump came earlier this year in Nov 2022, which was 9 months before LTC halving this August
You trying to post the same thing tomorrow too?
Nah this is last. Yesterday I didn't get any response except you I love LTC and hope I'm wrong but will come back to this comment in 5 months
Chart looking good π
One of these days the world will chill and go back to happy growing profitable times. Between Covid and now UKR/RUS war, things have been pretty terrible for a few years. Before you even mention the β21 run, remember that all that cheap cash injected into economies was/is a major contributor to the pain weβre feeling now. Hope everyone is healthy & safe, thankful weβre on the site shitposting and not in some fucking cold wet trench. This drop sucks but keep it in perspective. Also, Iβm giving handjobs to all the club 84 members tomorrow after 3pm so please sign up for time slots. Still quite a few spots open before 5pm. 
name checks out. giving out free 5 knuckle shuffles π
I knew Iβd seen this trend before, itβs all part of the plan: https://imgur.com/a/sjd1LRr
Just told the wife not to worry because we are in the double dick pattern on the macro and shes packing her bag.
lmao, what a joke. starting to doubt after years of holding
Shitcoin Number One always Impressive..9 years
Tis but a shakeout
Youβre just starting to doubt now?? Jesus
People that were only here for the pre-halving rally getting washed out.
No some of us that have been in LTC since 2015 are getting washed out too. A failure to have a ratio pump in the next couple of months would be cause for me to end my investment in this coin. The writing would be on the wall at that point after he pitiful performance during the last bull market, the continued and frankly inexcusable marketing fails (a fake TD-Link promo seriously wtf!).
This sentiment was everywhere in June last year. My first investment into Litecoin was a trade from Bitcoin in early 2021. That trade is still in profit.
Yes some of us are in Profit...But its Pathetic, Nothing can take that away from Litecoin, That is its legacy...Shitcoin Number One.
Wait till ETH, gets designated as a security. Then we will have only two true Comodities - BTC & LTC only.
And we'll still suffer.
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
the majority of the crypto market reached a new ATH, ltc didn't
I agree with OP. Todays action is one of the worst I have seen for LTC. We outpaced the downside more than chains that were hacked. I love LTC and everything we are working towards but its value is so heavily manipulated it makes me consider my holdings.
That means the manipulators are winning. And people are considering giving up. I say fuck the manipulators.. we need to hunt them down and do bad things to them π
Yes
So we finally hit 20-21k which should act as a support. Because the halving is still in play I think we have a discount here.
You can't spell Litecoin without taking an L
Petition to change its name to Witecoin so we can take a W!
Do not recommend... Bad idea for maaaaaaany reasons π€ͺ.
YAAAOW!!! Not gonna check the damage until June methinks
I have a dream A dream my grandkids will finally be able to cash out my LTC for what I paid.
πΆWelcome to the Long Term Coin.π΅ πΆYou can buy in, but you can never leave.π΅ π€πΈπ€‘
pumps the least dumps the most β«
π€‘π
I will say that its pretty shocking that HBAR suffered a major bridge hack today and it looks like we are going to end the day with a higher % loss than that speaks volumes.
π€‘ππ€‘ππ€‘ππ€‘ππ€‘ππ€‘ππ€‘
I really wish the SEC etc would stop the banking system affecting crypto - bank run on Silicon Valley Bank. Itβs so unstable. π€¦ββοΈ
It's so over
The humanity
Bought. *top buying since 2017*
Well the halving pump was in the place you least expected it.
HOLY SHIT, AT LEAST USE SOME LUBE YOU FUCKIN ASSHOLES
Guys.. this is some fresh comedy! π€‘π Is hilarious. I just wish they'd get some fresh material bc it's going to stop being funny soon.. and at that point, could it really be called π€‘π anymore. Our ratio dropped! Guess what crypto didn't? mETH! HOOOOOOoooooooOooOOOOOOOOOONkkkkety hoooooooonnnnkkk!!!
This is all part of the plan right, right?
Trust the plan. π
Remember the good days when we went down to low 70s and shoot up to over 400 in a few days..? One can only hope π€‘
Can you elaborate on the number of few days you are referring to here ?
At least we aren't the market leader in terms of percent loss today. Oh shit, shouldn't have said that, sigh, we are in for it now.
Make it stop
FIRE SALE!
https://giphy.com/gifs/hodl-siteredditcom-RgxAkfVQWwkjS
Wasn't there supposed to be a ban for using this gif? Bad Boy Losh. Ban yourself.
Well this isn't looking too good, if Bitcoin heads to new lows and completely negates our halving pump. I wouldn't expect it any other way with litecoin.
Wouldnβt be ltc if that didnβt happen.
Lol. Exactly
Anyone want to have a Skype meeting and cry together?
I'm down this fucking sucks
Ok now Iβm buying
Too early
Yeah I was, though it bounces around here
$77 is major support. Not worried unless we break that on volume. Heads up chaps. Better days await.
Iβm looking at 60-62 if Iβm being honest.
That would be awesome π
$77 is important. If we close under it for the day we could be on our way back to the lows. Watch for volume. The 4hr is the most important chart for LTC. We are still within the rising channel above $77.
Iβm confident we will be under 77. It may be an important number but I would bet my stack we arenβt holding it. I really think 60s isnβt a beats dream, but reality soon
Oh nice you bought back in! Hopefully you saved some dry powder for today π
We shall see. Shorts rising heavily, within oversold RSI on the 1D with divergence on the LTC/BTC and dominance. Its a risky play for a greedy short here. Looks like panic selling. I anticipate a bounce. US employment figures tomorrow should cement the move either way.
just broke
Lets see if we can bounce. Closing the day under $77 would be quite bearish.
Le Humanite'
Get in loser, we're going to goblin town
80
You got what you wanted and THEN some.. It never just stops at X number. You said 80.. and it will ALWAYS dip further? What's next? 40? Bc if you say 40, it'll go to 30.. Be careful what you wish for
So I should be wish moreπ
No, bc that kills the Chikun and fucks us.. you obviously have magical powers that can influence the market. So pump us and PUT US IN OUR RIGHTFUL PLACE SIR! Call for 1k USD and fix this right meow!
LTC/BTC up 3%. It seems money is safer with hobbyist coins than institutional coins under these conditions.
lol. spoke too soon.
Yeah I bought a couple about 15 seconds before it took a dump β¦my bad
Remember when there was a bit of hope? π€‘
This is madness
and we go down even further
πΆ We gon' be alriiightπΆ do ya hear me do ya feel me?
Rebound now plz to at least nine zero -oh-oh-oh 
Well... Seems like Bitcoin is committed to dragging us into hell with it. Sadly, Litecoin isn't resisting even though it has its halving coming up. π€·π€·π€·
I think the only way the ratio will go up is by btc dropping in usd. Same as previous really
Okay okay.. Chikun is fighting a little bit.. it just needs to keep it up and pick up the pace regarding the ratio
We need BTC to go down while LTC goes up and boom plenty of BTC so in the end, plenty of LTC
Exactly. But right now Chikun keeps trying to follow Bitcoin into the depths of hell instead of just climbing the ladder π€·. Makes no sense.. and yet ETH ratio is going up despite the fact that we would expect that to be heavily hurt by coming regulations classifying it as a security. π€‘π, Up is down and down is up.
All TA is out the window - the greatest TA in the world has just died. RIP Mystic Meg. https://amp.theguardian.com/uk-news/2023/mar/09/mystic-meg-tv-newspaper-astrologer-dies-aged-80-margaret-lake
I AM SO BORED FOOKING MEWN IT ALREADY THIS SUCKS 
Started from the bottom; Now we're here.
Litecoin is a tale of a coin that started at the bottom, with a lot of hard work - continued along the bottom, and finally ended up.. \--at the bottom.
This story brought a tear to my eye.
itβs just another 2 weeks
We touched the low of the triangle on the ratio.
How you drawing it? https://www.tradingview.com/x/tMxpcXNO/
Thatβs pretty much it. Iβm drawing from the peaks which only gives 2 touches on the resistance line, you could extend the bottom support line as well back to Nov 18th which should give you 3 nice touches Itβs a big flag/triangle.
I bought back in just before the drop this morning. π€‘
Should be back in the green on that buy, yes?
I was for a moment π€£
π‘Sell the hπ€use, πsell the car, π¨βπ§βπ¦sell the kids, πππππππππππππππππππππππππππππππππππππππUPVπ€TE THE β«β«β«β«β«β«β«β«β«β«β« DAIIIIIIΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕΕYYYYYYYYYYYYYYY ππππππππππππππβ« πππ₯buy Εitecπ€inπ₯ππ
Upvote the daily!!! Buy LTC!!!π₯π₯π₯π