Quote from: hawthelegend on May 13, 2017, 05:40:38 AM

So everyone who have litecoins should sell them as soon as possible??
Isnt there any possibility for its price to rise again??

Short answer I believe LTC will raise.

Here is my position and predictions in long;

I am not an experienced trader for crypto domain. I am researching the cryptos I am interested and also gaining real life experience by keeping, holding, trading them. I also keep a detailed record of what I have done so far to be able to assess what my strategies were and how useful or futile they turned out to be. I need this knowledge to enhance myself in this domain and guide my investments. It is itte or big but I am investing resources (time and money) into it so it is important for me.

I bought some LTC around 15 USD and some around 25 USD and cashed out around 37 but not the entire stash. I actually cashed out profit portion which in turn increased my base buy price for this stash. Till now I gained lets say 10-11 units of profits as real money and currently I am 4-5 units of (virtual) loss on my stash. Why my loss is virtual? Because I am keeping my LTC and not selling for a lower price. The real money I already gained from LTC gives me comfort and time to wait for the next raise. So I did not panic sell my LTC.

Based on incoming new futures and developments such as LN, confidential transactions and a few more, I predict LTC raise again.

How soon? Time will tell. It really depends on the developers to fulfill their ambitions and create new features that make LTC more usable and popular, companies to adapt these new features and utilize LTC to enhance their platforms, markets to react this and traders to buy the news/facts/developments so invest and trade more LTC.

Selling the news is a reality. Segwit motivated people to buy. But it is normal for trade in any fiscal domain. If you see/hear a company investing in the right/promising direction, you predict its value will increase and you invest in her stocks. It is up to you to evaluate how much of these will become real and when they are real how much value they will create for the asset. This is similar for cryptos as well but the volatility is much higher in coin markets.

I do not like single sentence answers like, "no man it is doomed" or "of course bro, 100USD easy in a week" without any foundation so articulated my thoughts a bit longer.

I hope this post will be useful in some way.