Post
Topic
Board Altcoin Discussion
Re: Litecoin TANKING...opinions on future outlook both nearterm and long term?
by
T-800
on 12/08/2014, 00:35:59 UTC
Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me.  Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish.  The 365 day chart does not look good...at all.

Is there some particular news that is triggering this massive downward slope?  And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.

I haven't seen any particular news that triggered today's dump. So either some people have inside info that they're selling on, or this price doesn't make sense at all, and you should buy.

I definitely believe in a new rally for BTC, that'll also launch LTC to the moon. Therefore, if LTC goes below $5 I'm in.