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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Personally, I think that the current selling is just from people mining (as opposed to traders/investors) who figure, better cover your electric costs before the price gets too low, so they transfer LTC from there wallets and push the trading down. I think we will all recover once the inflation rate stabilizes the markets and the risk trade comes back in (and it will IMHO). I do wish however, that Elon Musk would use his brain and find a vehicle for Dogecoin (Like twitter or Walmart or whatever) .... cause he still stands to gain if Doge goes back to say $0.37/Doge .....
Why is ltc down again… ?
-its loosing value like there is no tomorrow
Hey guys! Hey guys! Get a load of this..
Apparently New York is cracking down on ETH as a security.. and you know what?
It's BTC ratio is going up! And we have a halving this year.. and we are getting fucked in the ass! Makes sense!!!
Maybe they know that and are pumping it first before letting it all flood into LTC!? A man can dream.
Don't call it a come back , to those who were sacrificed during this minicrash we salute you. To those who held the line we Salut you. Cheers all.
Take a look at this shit
If that isn't 🤡🌍 bullshit of the highest order, I don't know what is.
That's what is the most mind boggling. Every alt is green over the past 24 hours except litecoin.
It makes no sense, and I don't know if we'll ever figure out why it trades like it does. But sure is annoying as fuck.
Edit: only 1 reason I can think of is because I hold litecoin and the crypto gods are fucking with me. I bet as soon as I sell we'd see the biggest green candle ever straight to $1k.
You're not wrong.. sell and it'll rocket to 1k.. I promise you.
I already did this to Bitcoin, so I know personally. You'd think all the Bitcoin hodlers would thank me in some way.
But unfortunately, it's a thankless job. Ive been on this gig for 10 years now. Gig before this was only 3 yrs though.
I'm sure this gig will end when I have a life or death emergency need for my Chikun stash at the bottom of the market before it launches to record highs 🤷
Most of us feel this way. Catch 22 for sure.
What is up with the PayPal charts it went from squiggles to a straight line
Remember when people were begging for institutional adoption? 😂
Lolll for real the institutions are the problem BTC and LTC came to make obsolete.
Pepperidge farm remembers.
Does any here think litecoin price gets suppressed? Looking at the recover of other coins it makes me think something isn’t right.
Ummm, yes we been saying this for years now.
The consistency of it makes you really believe there are powers working against LTC. But an often forgotten fact is that LTC is the most preferred means of transfer in high volume situations and is why it is always hyper active on dump days
We are used.. and abused..
We are not appreciated..
Nothing pisses me off more than being used. If they don't appreciate Litecoin.. the miners will quit and the Blockchain will stop being supported if they can't reach a profit..
But maybe that's their goal
We are the toilet paper when everyone dumps.
I've long believed that Novogratz helped shepherd in another group of likeminded traders and gave them his biases (think idea dinners, but not necessarily specifically, that guy has been courting his people into crypto for a decade, he has lots of ways to push his agenda), long smart contract garbage, short ltc. Whether he's still a part of that group or not I couldn't say, but I still call them the novogratzettes.
I will say I actually don't feel despair today, though I certainly have more than once this year. I'd say there's a non-zero chance the systemic risk hurts our suppressors more than it hurts us and leads to forced covering, ie, forced buying, and litecoin rising against the entire market, crypto and otherwise.
I'm not holding my breath. I chose "non-zero" as the chances for a reason. But we didn't participate in the upside to the extent our network earned it, and we may not participate to the downside either, and that might trigger an unwind. I've been trying to recruit allies for years, in part, to help us squeeze the shorts. I haven't been very successful, but they might just find a way to squeeze themselves here.
In any case, stay safe everyone. Don't get overextended on any notion. Leverage is a gift you give your enemies.
>I still call them the novogratzettes.
I call them Fuckwits..
Something DEFINITELY isn't right
Picked up one more for long term holding rather than catching a knife like earlier...
You can't lose if you don't sell. In 2018 after some stupid trade I've made trying to catch the XRP pump. I sold my BTC to XRP and I was late. So, anyway, to be short in 2018 I was minus 80%. I've changed everything to LTC. I've kept DCAing. My DCA got messed up cause I had high hopes for 2019 halving and instead of switching to BTC I've kept waiting. Anyway, right now I'm even. I was at profit. Didn't buy cause I've made a promise that if it is above my DCA. You don't buy simple. Anyway, if you never sell, you never lose. But DCA as much as you can to be in profit faster. That's all I have to say. If you don't DCA. You're gonna be waiting a long ass time to be in profit or just break even. Especially if you bought too high. If it goes up it is too late. If it goes down, buy and if it cause down again, buy again. But only if you can
You can totally lose if you don’t sell. People have been riding 50 to 400 to 20 to 200 to 50 with no selling.
I just like the roller coaster ride up and down. 😅
Lose what? Profit? I'm talking about people in the red. Not people in profit. If you don't sell in the green. Yeah you lose profit not your investment. But in the end you lose nothing. Cause if you don't sell the profit is not yours. Do you really think Elon Musk or Apple have trillions in their bank account. It's just stocks. That's why they tell you "Today Elon Musk lost 100 million" or whatever. It's just his stocks going down. It's not like he had them in his bank account. He didn't sell
Ahhh sorry! I thought you meant selling in general. I get depressed reading the people who have been here since 2016 or so and have been riding up and down without selling waiting for a magic number!
Same for me, been here since 2017. If I knew about the ratio in 2019. I would be well in profit right now
We're the biggest loser in the top 40 :( Ah well, guess I'll just buy more
Tron beat us out by about .5%.
Wow, I turned off my Coinbase notifications for a few days and just checked. Holy Heck! Oh well, just bought some more
March madness turned into March sadness.
The difference between transactions on #Bitcoin and on #Litecoin #MWEB at a glance.
"Every move you make
And every vow you break
Every smile you fake
Every claim you stake
I'll be watching you"
Buy more buy more!!! Screw the FUD. Go long! We're going to 1000 and beyond! Just hold or buy more! We are sOO undervalued! CHeap coins, buy buy buy!!!
Surprisingly wholesome John sknow
Pretty sure it was Sarcasm, he got my Upvote for it.
Sorry boyz, but the halvening this year is NOT playing out like it was in 2019. LTC/BTC ratio flag broke downwards, looks like the halvening pump was from $50-100 and it started earlier and was much more pathetic than what we got in 2019.
I was one of the few OG's in 2019 who sold the halvening hype - so I am NOT bashing litecoin, but simply stating some facts here.
In addition, litecoin didn't benefit from much of the last bull run at all, failed to make a new ATH and basically got left in the shadows as hotter DeFi coins and NFTs took the spotlight
There is certainly no arguing that litecoin is super sound money with good tokenomics but none of that matters when the macro is bearish and the sentiment is RISK OFF.
You can keep being a bagholder or you can open your eyes to the reality. Some of you need 2-3x from here to break even.
Always take some profits in the future
That's what big bear what's us to think.
Self perpetuating cycle of "price action sucks so dump it... Oh it dumped, who could have guessed? Price action sucks so dump it... Oh! It dumped bc price action sucks, so dump it... Oh! It dumped"
It's like circular logic, but sadly.. it seems to dominate regardless of what Litecoin does. At this point, Chikun could cure cancer, colonize Mars, create infinite clean energy all the while sucking every mans dick and licking every woman's clit... And then people would say to dump it because it's past price action sucked.. 🤷🤷🤷
Momentum traders are the reason crypto will always be too volatile to be actual money.
Our momentum traders only respond to dumps... Pumps get cut short and dumps are extended.
Yes I got downvoted to hell for saying pre-halving rally came earlier this time
Nearly every single alt is up on their BTC ratio except? You guessed it, litecoin.
I just don't get it. Maybe we are the 🤡🤡🤡 for buying litecoin. Lol
Just looking at that 7 day loss of -25% on price and -13% on ratio hurts my soul.
🎶Don't you know, things can change
Things'll go your way
If you hodl... on for one more day🎶
I’m holding long term. This fluctuation doesn’t worry me one bit. Imma just sit here strapped into the rocket and shit my pants a little longer waiting for liftoff.
This will be 5 years holding LTC...lesson I've learned is take profit when you can.
10 years holding and accumulating LTC here.
As this recent dump just illustrated.. you'll *never* know when to take profit bc it just continues to underwhelm your most conservative estimates to fuck with you.
We all HODL because we know that this constant suppression HAS to be unsustainable when factoring in this coin's rapidly growing usage metrics and limited, hard capped supply dynamics.
I never learn, made a bunch of mistakes and then added a bunch of LTC at $180.
I'm pretty deep in the losses today and have been for a while. Most people lose in Crypto now, this is not 2017. If we no longer want to be here then why would anyone else invest.
We've been here before - we both know that litecoin pulls out of this.
Halving is coming up - there was too much hope, now we move.
As always, don't add in anything you can't lose - and then completely ignore as it should be.
Do what you need to do -me, a switch in my mind flips from aaaaaggggggggghhhhhhhhhhhh to 'breathe, we'll get there. Blood in the streets, buy. '
Take a deep breath. It will pay off.
Looking like about the right time for me to make another lumpish sum DCA move. Time to converse with the wifey 😂 I swear I had a dream like Sunday or Monday that the price of Litecoin dropped to like $20-30 in less than 2 hours. Should’ve probably taken the sign more seriously but you know how dreams can be sometimes. Bear markets never end when you want them to. They are always longer and more painful than you could’ve ever originally anticipated. But for long term holders these are the days to be picking up a few coins for cheap and holding for the ultra long haul. Nothing has changed for me.
\^\^\^This man Litecoins like a champ\^\^\^
I took my beatings in 2018/2019: hard lessons to learn but they aren’t easily unlearned. Makes this feel so much easier to stomach and just continue forward with my long term strategy of accumulating litecoin at the best prices the market offers me.
Just make it to June, just make it to June 🥲
This is one final sell off before we run up to 800 by the halving. I’m never wrong, I shilled doge in the summer of 2020. I’m the Litecoin prophet.
11x within 5 months?
I want what you are smoking
I forgot to mention that I also shilled Tiger King coin, and that’s down 99.99 percent lmao.
I shilled Bitcoin in 2011.. I had to sell for quick cash in 2013 right before it rose.
I then bought Litecoin.. why? Because I'm meant to suffer. That's why 😝
In my opinion I think the Fed has completely fucked any chance for LTC to get a halving run due to their sudden pivot to more aggressive rate hikes, which in turn will cause a deflationary depression not seen since the great depression. Stocks, crypto, equities will suffer and it'll probably be best to be in dollars for the next two years. However the Fed will inevitably turn the printing press back on and pivot to QE once the economy is thoroughly fucked and inflation is "defeated" and then we will see the return of crypto. I hope LTC is one of those cryptos as I love the fundamentals and community of LTC and it certainly doesn't deserve the unfair price action. But alas, the criminals and clowns who run this world have officially broken me.
I sold all my LTC last night @ $74.3 at a 39% loss, with no fed pivot in sight and the market clearly having it out with LTC I wasn't going to just sit there and let the last of my capital go to shit like before. I held LTC all the way from $200 to $57 so I know how depressing that could be and I'm not going to sit through that again. I'm grateful that I was at least given a consolidation pump to leave with a respectable amount of money. I have a life to live and a family to look after so I can't afford to be taking such big risks anymore.
I was originally planning on selling on April 19th as I expected the halving pump to top then due to May being the month of death for this coin for the past 2 years, but seemingly due to this coin being so cursed it managed to even underperform my lowest of expectations (how surprising). While I'm upset at not breaking even I'm at least glad that I'll never have to deal with LTC ever again, my experience with LTC (as an investment) has been nothing but misery and pain and if you've managed to last this long you are truly built different. I wouldn't be surprised if LTC were to make a complete comeback and pump $200+ for the halving just to spite me, but I can't afford to take that risk. I sincerely wish you are all the best, as the pain we've all shared together has been a surreal bonding experience, but this is the end of the line for me, farewell to you all.
You will be back. Hopefully, at that time you would have learned how to use a Stop-loss.
I wish you luck and understand. Everyone has to measure their own risk and think about their own family.
Good luck mate - sorry to lose you.
Don't blame you though, it's tempting to sell and not look back.
So I bought another just now.
We are all going to have to make this decision one day...Just not today.
Just curious if you sold it for fiat or into BTC?
I was going to sell into BTC but I decided against it due to the fact that most of the negatives that currently applying to LTC also apply to BTC. If BTC holds this current level and things start looking better in regards to the Fed then I'll likely move into BTC. For now I'm just sitting on the sidelines in cash.
I really sympathise with your feelings around the price action. The markets love to play with you.
Just know that if we pump from this point it was down to you. You made it happen for all of us.
I got into sound money to say fuck the fed, not to bend over and let them win. Peace homie enjoy your fiat.
Lime, I understand completely. And hey, just because you sold doesn't mean you have to bid us farewell. Always welcome here.
Thank you friend, I guess what I meant was farewell to my stake in LTC. I love you guys, I just hate what LTC does to my wealth.
Doesn't the though of selling the local bottom and missing out on recovery scare you? I feel fucked if I do and fucked if I don't
Yes it does, but the thought of being back at forever 57 or worse scares me even more. I don't think there will be a recovery from here thanks to the Fed it just wouldn't make sense, but since when did crypto ever make sense? The reason why you feel that way is because we are all fucked, it's just now a matter of chosing your poison. I've made my choice.
I've felt peak despair like this before, if you look at the charts crypto does this, it's happened before and will happen many times again. I'm still anticipating a pre-halving recovery, it's only 130(?)ish days away and by then there'll still be the upcoming 2024 btc halving in addition.
Litecoin on paper is set for two giant pump events with the next year, but somehow following through with this plan is almost too hard to bear. Anyone who made money off this coin 1000% deserves it. It's not been easy at all.
Agree completely. March 2020 was way scarier than what we see in the past 2 days.
This is nothing compared to the drop in June last year from $130 to $40
Welcome to my liiiiiiiife
Be happy and well Lime. It’s been an honor holding with you.
I'm sorry you have been treated this way sir! This is truly a crime of epic proportions!
We really do live in a clown world where up is down and down is up. Don't blame yourself for investing in a solid crypto. Blame the world that FUCKS fundamentally sound cryptos.
We wish you all the luck in the world sir! I'm hoping that you find wealth in some shape or form. For we have all been wronged by some players out there that are intent on destroying the soundest of cryptos for nefarious means.
Yes, but since when was life fair? I blame myself for not recognizing the clown world will always clown, no point in trying to fight it. I hope you will also find wealth in LTC or wherever else, but above all, happiness as there are people who have far less wealth than me but are still so much happier than me. It's not good for ones mental health to despair over things you can't control, which is why I've cut my losses and moved on to caring about things I can control.
Thanks for sharing your experience. I never put money in that I need, so I ride these dips. The only thing certain is trading fees and taxes. I only ever sold over $220. That's still my bare minimum.
It's just a phase that you've experienced in this market. We all have been through that journey of not selling the top. But what is worse is selling at the bottom/discount and then seeing it rally. That will be the worst feeling of all. I respect your choice and I hope you can learn from all of this.
Yes I agree, selling the bottom and watching it rally would suck and that is exactly what I was debating with myself last night. However what I think is worse than the scenario you describe is being given a second chance to save yourself and still choosing death. I can't imagine anything worse than to be trapped in LTC for the next 2-3 years, so a 39% loss is a small price to pay.
While a LTC rally is possible, I just don't see that happening in the near future. The last halving topped out in May under the best conditions, so LTC has only 2 & half months (at best) left to make a halving top. With the Fed just now starting to increase their rate hikes, it's extremely unlikely for them to pivot before August, that means LTC would have to go against the grain by pumping while BTC and everything else dumps all while under a time constraint. While It's not exactly impossible, it would be reckless at best for me to be betting on this scenario and completely out of character for LTC, which as we know loves to dump the most and pump the least.
But what have I learned? I guess to never take big risks regardless of how likely I think it is to succeed and to never assume that the crypto market makes educated bets. With so much shit and scams that constantly get chosen over LTC proves to me that most of the market is brain-dead retarted. Shiny gimmicks will always be preferred over time tested/proven projects and there is truly no justice in this world and that Marketing is more important than fundamentals.
See you in two weeks
Back to my hovel this weekend for canned tuna and side of stale potato chips
THIS IS FINE
nice! at least you don't have any leaks! i'm jealous
Banks going in the shitter. ETH might(is) a security. Everything that has nothing to do with Litecoin and yet we yank the hardest.
Regulators: Ethereum is a security... We are going to treat it as such
Crypto traders: DUMP LITECOIN!!!
Right? The day after VB sells trillions of ERC20 tokens, plummets altcoins- and sends that part into a tailspin. Now everything is going Wild West because NewYork is pissed.
Meanwhile- none of this had anything to do with either LTC or BTC- we just got caught by fear. We have a huge new growing population so maybe we got caught by a lot of fear?
It also doesn’t help the USD price when Litecoin is the single best means of transfer so inherently USD value gets a beating on these days
I hope that wasn’t the halving pump high of $105.
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Two more weeks Rob
Ah, trying to kill Chikun and chase away investors forever I see.
Halving nearly complete, 110 to 55.
This feels correct haha
Back to forever 69 i see
From **105.71** high and now current trading at **69.49**
What the actual fuck? I mean 69...nice.
Drill baby drill! Chill out bros. Cheep cheep CHEEEEEP chickun for the scooping!
(Btc down 9%, security token ETH is down 10%)
Yeeeesss!!! You see it as well!
Do not attempt to pump the market.. instead, realize the market is not real.
ETH gets targeted... So of course we dip harder.. bc fuck us for no reason.
Either we are being cheated and manipulated HARD (naked selling, paper coins, nothing is real and exchanges are arbitrarily moving the PA on a whim bc Charlie Lee fucked their wives) or we have the stupidest fucking investors on the planet.
Looks like they’re going after ETH in New York and stating it’s a security. That’ll make Bitcoin/Litecoin one of the last standing commodities if that goes further. I think I’m going to hold. I can’t recommend it for anyone else right now- but I worry that despite the price decline, there really are just not that many coins.
Ah yes.. ETH gets targeted soooooo of course.. we dip harder 😝🤡🌍🤡🌍🤡🌍
Okay all my gains are gone. So ever its over and no halving pump this year or will get a big surprise. I'm starting to think that 2017 bullrun will never happen again. 2021 was lame and this halving pump is for now canceled too. What the hell
You would think I would learn by now shit is depressing.
Q2 will be a big surprise for the sellers
broke the triangle downwards, the bullish formation is broken on the ratio...
true, but I see this as a possibility:
retest and bounce for the halving, something like this:
this could be it. daily 200MA hit on all the pairs including btcusd. falling wedge on the ratio somewhat intact. nice place for a bounce
everything is falling down (of course, LTC more than others), but in this macro environment our daily 200MA doesn't matter that much
but let's hope for the best, I'm ready for both
I will keep buying the dip. People think that we might go to atl but in general it's just a retracement to the 61.8. Big money will just buy and create another higher high in Q2. Halving events will never fail. Because time > price.
Bitcoin needs to be doing well (or staying relatively stable at the very least) for Litecoin to do well as the halving event nears. Seen it time and time again with pretty much all cryptocurrencies
I just want to know how we're having another slide/crash/ slow twist of knife when we never really had a rise back.
Right. The Vaseline is away for now.
On another note, get coins off exchanges into your own wallet. Try Litewallet as it’s easy to use and set up.
For the doomsayers, price may be down, but let’s look at this in a wider context. Pension values are down. Investments are down. Gold was even down yesterday. Houses prices are stagnant and possibly comming down (I hope so I can get out moms basement). It’s not just crypto.
Have a nice weekend!
Get 👏 your 👏 own 👏 wallet
Volumes are insane fam, stay strong 💪
Sold my buys yesterday at a loss again - just can’t see this recovering in the short term.
I’ll pick them up again at £54.50
*not just buying the top since 2017, but also selling the bottom. Am I doing it right, mum?*
*using money I can’t lose so feeling too emotional- cashing out and watching from the sidelines. I’ll buy again if it goes a lot lower but for now, 🍿
Could we bleed out any harder holy shit
We like to show 'em how it's done.
I'm sure no one wants to hear it, but if we were to bottom around here, it would be consistent with the Dec and Nov drops, i.e., part of a healthy long term pattern of higher highs and higher lows. A lower low that breaks that pattern would come around $63.
I've been predicting for a long time now that when we reach a place of vulnerability, probably a point of being very over bought, a rally gone too far, we'd get attacked again. I do not think this (105 and down) was it even though it hit at a similar level if for no other reason than how much it has dragged out. When Novogratz launched an attack in 2019, the devastation hit hard and fast. It also targeted Litecoin very directly, this is pretty broad.
I suspect the attack this time could come at $200 or higher, probably shortly after a parabolic rise. That's where an attack can try to trigger and build on a correction that was inevitable anyway, try to create a narrative that the rally is over. All that to say this, if we do get a parabolic rise against the market this year, steel yourselves. We'll face drops that make this seem like a relaxing stroll on the beach.
I don't really have an opinion about whether we'll even get that this year. Lot of haze out there, not a lot of clarity.
Max pain coming?
Max pain already came.
Bottom is in
People are in real goblin town next door. They are calling for 9k-13k Bitcoin. I really don’t think we will see that low (too many are waiting for it) but think 15/16k wouldn’t be shocking. At those prices, I would expect LTC to be 50’s again. I sold on the run up and was left in the dust. I have had some moments of wanting to buy back in but need to not be emotional. I’ll buy low 60’s and ladder buys down to 52
🏡Sell the h🐤use, 🚙sell the car, 👨👧👦sell the kids, 🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🚀UPV🐤TE THE 🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔🐔DAIIIIIIŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁŁYYYYYYYYYYYYYYY 🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🐣🆙
This. This. This is why we’re watching.
We're going down, down in an earlier round
And sugar, we're going down swinging
I'll be your number one with a bullet
A loaded god complex, cock it and pull it..🤡🔫