Quote from: guoyu78 on May 30, 2019, 09:46:21 AM

Quote from: DrBitcoin on May 25, 2019, 12:46:00 AM

I have a bag of LTC. I am thinking about selling BEFORE the halvening. My target is like $220.
I plan to dump to BTC. Because ultimately I want more bitcoin, and altcoins are just a way of getting there.

When would you sell LTC with regard to the August halvening?
What use price seems reasonable? Im thinking $200 range if achieved.

I am usually quite confused about this halving sometimes, despite the little knowledge I have about its reward, some people believed this is the time price of such coin goes up, but from your point, seems you believe the price will go down, if not, why would you be selling before halving when you are supposed continue holding till after halving when the price will skyrocket.

Well, I am not an holdler of LTC so it would not really be a bad idea to me if you sell your LTC to bitcoin because whatever action you take as regards bitcoin investment will definitely ay you more than any action you take in LTC.

You are correct. The price will probably pump just before the halving based on FOMO, then dump right after -- HOWEVER -- with the supply cut, it's only a matter of time before the price skyrockets again to reflect the new reality of less supply. So I think HODLING for 7 - 8 months after the LTC Halving is the smart play then converting to BTC once the LTC/BTC ratio has improved.

Check out this article here: https://www.reddit.com/r/LitecoinMarkets/comments/ba5qfq/interesting_article_looking_at_btc_halving_price/

It's BTC oriented but definitely applies to LTC.