Post
Topic
Board Speculation (Altcoins)
Re: Do you think LTC go up soon?
by
Absentis
on 01/09/2017, 21:19:08 UTC
I think LTC could be the one to surprise a lot of people, the fact that its less volatile lends itself to actually being used as a decent currency.

If bitcoin keeps rising in terms of price and demand, the litecoin would simply follow bitcoin. We know Assians tend to invest Money in litecoin and they have big mining facilities for litecoin. This could bring up new price inflations for litecoin of course. And they like to manipulate the price.

Yeah that is right, but if bitcoin rises for about $150 - $200 , litecoin only rises less than $1.. I have been looking at the market all these days and that is what i found out. And its price can drop easily, i think litecoin is a good investment but its price is a little bit hyped.. Once it touches $50 again or maybe $48 i think buying it could be considerer, since its price its freezed i dont think it will pump soon

But I think this is natural what I mean, is bitcoin is right now at an all time high so it is natural that the eyes of everyone are on bitcoin, this is why you do not see a lot of movement on litecoin but as soon as that ends then litecoin will begin to move a little bit more.

It's like to be compared with a domino effect since bitcoin is a rising currency those alts like LTC will also be affected as current market price movements fluctuated every minute. Most specially when investors easily drops their holdings, that's why we sometimes encounter fast fluctuations that rise back again in just few minutes if that coin capacity is very nice. Demand on buying rate is very important so that you will see the reality whether the coin will go up or down in the future.