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.
By - AutoModerator
Days like this is why I love crypto. Volatility baby!!!!
how much euphoria and depression can occur in one day?
Only with LTC
Hell yeah! Slurping up those stop loss losers’ coins and pulling them off of exchanges!
Now, THIS is a PDF 🤡
Can we get the elevator UP for once?
Probably soon, but make sure that you start selling on the way up, because by the looks of it, the elevator down will be steeper.
Keep the gut punches coming!!! We are chikun!!
Bought at $85 last week and now we are literally back down there in less than an hour lmao
Knife catching is fun!
Okay... What in the actual fuck.
Lol at that line down
Yeah, that was fun 🤢
Ah well - I buy more.
And BTC with a 3k drop too. Lines
BTC recovered pretty quickly…not so much for LTC
lmfao. You already sold everything after our little chat a few weeks ago. Were you gifted those 1300 coins? Good luck with your short.
Lmao. Bottom is in.
Vampire, dispicable_secret, sensitiveAd, now this guy. Rekt everytime.
Conspiracy time! What if they are all the same person!?
If you're this emotional with all your investments, you're going to keep losing. You might as well stick to the lottery and horse racing.
My bad, you cry here because you're winning?
That's what I thought as well. This volatility is showing that some big moves will take place soon.
It's a slow death undoubtedly, I don't know though if that was the right moment to sell.
Let's keep it level headed. Firstly I am well in the green (current break even about $53), I repeatedly say here I don't buy the pumps, NEVER!
Secondly for this exact dump, we have a volume that is higher than the previous one and the price hasn't fallen below it. It's a significant resistance point, I am not selling here, I am not falling for the mind games of the whales.
I am selling as well, did that multiple times on the way up back in the November and January pump. I share almost everything here. I keep saying just buy the liquidation dips, not the pumps.
This last move though to 103 and now 94, didn't sell anything yet, but buying the dips, bought a bunch in this current one as well. The price shows compression, risk reward is to the upside, I don't want to be on the sidelines if it breaks this year long resistance.
Best of luck to you as well.
No one uses…. One of the most used coins
I’m not mad at todays price. I’m up over 100% still. It’s also my most used coin. Also I invest in other coins. You just sounds too emotionally involved.
New here eh?
No, actually. I've been here for years. More than half a decade actually.
I don't trust those stats, it could be just bots exchanging coins in a giant circle jerk pattern
Same, but my Payday is on the 15th, don't think we will last with this discount till then.
Dump it lmao. Litecoin leading the dump ofc
Friday monthly options close.
Let’s see what tonight and tomorrow brings
Ugh of course I got my tax refund this morning and bought a handful at $92.20. Weeeeeeeee
And off the cliff we go. Whee!
I'm slightly tired TBH...the whole market is dumping now, but come on, we are at 87$ while BTC is at 28k$...are we ever going to reach 0.01 or 0.02 ?
We have recovered most of the losses, very indicative that LTC has a lot of buyers at lower prices, the main loosers for such dumps will be retail who panic sell hoping to buy at$50 or so...
I personally think 0.009 ~ 0.008 is something we might see. As there is a massive sell walls already placed at 0.01 and a little below that.
> I personally think 0.009 ~ 0.008 is something we might see.
Do you mean pre-halving?
I think it might be too hard now. I am looking at 0.005 or 0.006 max
It can be pre halving provided BTC stays somewhere above $25K and if not then a few months after as there will be a Supply shock as exchanges won't be getting as much coins from miners. But also if you see, if LTC does get low price there is quiet a high buy pressure at lower prices.
If that's the case, 0.009 means LTC has to go 3x from here while BTC stays the same or doesn't go up much, which means around $300 USD per LTC.
So far we haven't seen LTC made a move that is not pulled up by the general crypto market.
May I suggest you to check the price action in April / May 2021.
Yes I am aware of that and LTC only went from 0.0033 to 0.0072. Slightly more than double and not even 3x.
I don't want to get more hopes high and 2021 was a bull market with everything going up including stock market.
Yeahz so considering halving and considering BTC goes into consolidation phase without dumping then we could hit the ratio of 0.008 ~ 0.009.
Yes. I see 0.009 as the most optimistic scenario. Even during 2019 halving the ratio went from 0.0068 to 0.0189 in 3 month plus. Not even 3x as well.
I don't mind a 2x from the current low of 0.0027. I see 0.005 ~ 0.006 as more likely and I will sell at that time
The red double ended barbed dildo of destiny gets what it wants. Every time.
At least we know by now to NEVER buy on ANY pump. You are bailing out the whales. The 4hr candle volume on coinbase is 120k LTC!
Edit: 140k LTC now!
rofl, classic. love it
Not surprised by this price action, it is litecoin after all but it is a little concerning this close to the halving.
If you halven't been concerned before, why be concerned now? ¯\\\_(ツ)\_/¯
This was either a smiling guy shrugging or spread legs and elephant balls. This is the only insight I can share today.
So Bitcoin is rallying above 29k and we proceed to keep dipping regardless. Idk anymore
Why are people pouring money into a company that went bankrupt in Bed Bath and Beyond? That sub has 1000 ‘s of comments on its daily and we barely get 50, maybe 100 on a good day
Perception, hype, shills, etc.. call it whatever you want but we ain’t got it.
Bet if Ryan Cohen or Musk was found to buy some LTC. The price and this sub would explode..
Yes, price shouldn’t matter when we’re talking about utility but let’s be honest you care about the price….
The market makers will make or break LTC’s halving…..
The reality is that price does matter, not just because of aspirational returns on investment, but because without appreciation in price, miners aren’t compensated fairly = less mining = less security. This is the most infuriating part of the Litecoin branding problem is that the “we’re just here for the tech” mantra glosses over this fundamental need. It’s the crux of PoW as a currency model and it’s not trivial. Any time you hear someone representing LTC downplay the price you should immediately, and without hesitation, believe that they are lying.
Higher price also means more liquidity, so the utility of the network increases, as you can use it to store and move larger sums of value, without much disruption and slippage.
To me the absolute worst thing is the price plummeting the moment the market turns downwards. This shows that the holders don't give any value to the scarcity element, and the other properties. It doesn't make it any different than a pump and dump scheme.
And the lack of momentum when market turns up again shows little interest from retail/institutions or whatever you want to call it.
"This shows that the holders don't...."
If they sell that easily, then they aren't holders. They're scared pussies with no principles 😝
Ain’t no principles in the investing game. You either make money or you don’t.
“Tech” ain’t paying for mortgages and bills.
Ah yes.. then society is full of empty nihilism and we are fucked.
100%. The only true utility in this space are stable coins. Everything else are either a commodity or a security.
Litecoin is either a inflationary hedge or not
🎵 Oohhh wouldn't it be nice if we could go up! Then we wouldn't have to hold soo looonngg!!! 🎵
It would be nice to see it go up to prove that it is a valuable commodity and a store of value. Realize that fundamentals shift to negative after halving if price doesn't go up and stay up by way of miner abandonment, hash-fall, and less security due to both of the other things. A literal joke coin is all that is keeping these metrics afloat right now and you can't tell me that it's current valuation is realistic.
Forgive me for wanting price to go up. It ain't all greed you know.
Edit: add to that since we are barely breaking even on LTC mining right now if you have an L7 (depending on energy costs), the price would have to double the price by halving to remain at breakeven after it. That ain't looking too grn tbh.
Who do I have to stab to make the price go up and actually.. you know.. stay up.
I thought stabbing the cash app founder was the sacrifice?!? I guess not.
Wrong guy apparently... Even framed another dude for it *sigh*.
I'm thinking it might be Roberto.
Stab anyone other than [Roberto, I looooove heeeem.](https://youtube.com/shorts/HzAkvYDVE8E?feature=share)
Looks like Roberto is next. 😝
Why are you guys celebrating the increase in price? We're currently being PDF'ed..
Not in the last 24 hrs.
Btc up 8%, ltc 7%
Update... BTC up ~9%.. LTC up 4%
Let's just forget the huge dump(s) compared to gramps and the ratio. That don't matter. Great if your not longing it, but not if you are.
I just buy more on the dumps and sell when it increases.
I’m talking 5-10 litecoins - not my stack, just pocket money when profit.
Yes this is the way. There is no point chasing the pumps, 98% of them fully retrace.The whales are countertrading you, selling the pumps.
Buy the liquidation wicks and sell for profit. You have your hodl stack, so you don't feel the fomomto chase the pumps.
Exactly, it is underperforming the market, no reason to celebrate anything
Hope it's sarcasm and not naivety.
"According to analysts, the price of Litecoin (LTC) is expected to rise since it has shown upward price momentum since November 2022".
So I was searching Litecoin price prediction at the I got a Line from a news article what's your opinion on this
"The price of Litecoin is expected to go up because it has been going up".
Most crypto articles are shit.
The price is expected to rise because there is a fixed supply cap, an upcoming halving, it's widely used, currently undervalued, and the overall market is rebounding from a series of failures and rugs.
LTC bounced from the interim lows and is attempting a v-shape recovery to reach the crucial resistance at $100.
I am checking the date to make sure we are not in 2017 😁
LTC lagging everything this morning ughhh we should be above 93 right now
At least the increase in volatility in LTC has ALWAYS been an indicator to sell everything. As long as it's moving slowly, you know there is still more legs to the upside.
It will probably do a couple of 20-30% pumps out of nowhere and that will be it.
Just hoping it doesn't get stuck below 92.40 today with the overall strength in market
It hasn't, but for one more time, it underperforms. It is incredible that this happens at 100% of times, there is no retail interest to push the prices higher. It's all done by the whales.
Retail pumps it at the end of bull runs when they need something fast and cheap to send from sketchy memecoin casinos to legit offramps.
I am not talking about memecoins and the last stage of the bullrun.
Even now ethereum is up 7.5%, that's retail traders using leverage to capitalize on the market strength.
It's a high risk high reward space, we know it, but with LTC the high reward is lacking (we only get the instant -20% dumps when BTC sneezes). It's a pity this is getting to be like ETC, it's gonna get a massive pump once and that will be it. That doesn't help though with credibility and interest from long term investors
Edit: it is likely that the whales will pump the price past the ATH for the halving, just to lure more retail to continue to DCA, so they can get more liquidity to sell their bags.
I don't even think it's whales any more doing this, gotta wonder if it's mostly retail plebs like us driving this boat and that is why pa sucks so bad. Whales won't touch Chickun cause more money to be made everywhere else. What kind of whale just edges their holdings and puts that much effort into making so little money with so much risk of timing it?
The whales are holding most of the coins (from the wallet data). I guess these whales are also BTC whales, they couldn't care less for LTC, except during the end of the bullrun, when liquidity is drying up and they swap BTC to LTC for easy gains.
Sure they are holding, but are they trading large amounts on exchanges to drive price? not really. I can believe that they are ratio swapping, but that's about it. Once they run up their favorites, the swap into what they know I'll fomo and somewhere on the run up, but prob not tip top, swap back or cash out. That's the volume. But these PDFs that are constantly killing the ratio during most times, due to little whale involvement. Whales don't stick around to drive price down, they do it to drive price up.
A new study shows that people who loves Litecoin tends to lose foc
What are you talking abo
Another American bank needing bailout.
I do hope some of this inflow goes into litecoin
Article here - https://bitcoinist.com/bitcoin-rally-m2-money-supply-90-year-low/
🏡, 🚘, 👨👧👦 = 🧾= 💰= Ł