Do you remember when Charlie Lee said litecoin price could drop to about 40usd - when it was said it seems to be unimaginable, but now we know it is reality - and it seems to it is not a finish of dumps.. While bitcoin is close its bottom (however we have to be aware it could be much lower - about 3k) such decrease could cause much more decreas in altcoins prices (and LTC isn't excluded)
and I don't think any news could help - maybe for daytrading only...
All this year altcoin has been falling.it seems that the price of all cryptocurrencies does become lower.we don't know where the bottom is.and we can only cry and sell them.
The bottom is zero for all coins that have no purpose. Ask yourself whether you think the world needs a coin or not. If the answer is no, sell or hold for a fake pump.
the majority of coins have no real purpose, its all bullshit
Yes and even the "majority" sounds too peaceful. It's literally every single project out there. Bitcoin and a few others have some purpose.
i think right now the crypto market have its bottom right now price of bitcoin was lower the 6000$ once in this year and now stable between 6400 to 6800$. litecoin bottom was 47$. this is very cheap if you see liteoin's all time high value.
Charlie Lee prediction was right and now nobody knows that what will happens in future. prices goes more down or not but it looks like crypto touches it bottom by my point of views
Very cheap is very subjective. Comparing prices to the all time high is not a good strategy in my opinion for future decisions. Better to come up with some system to evaluate these things if possible.