I am all in on Litecoin once again. Spot litecoin.
When a coin bottoms out with a $150 - $200 million dollar market cap...
Comments
nimbus
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bravo.
Chaplin
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What are your expectations for September for Litecoin? People have been yelling ''LTC reached bottom, anytime now!'' for months. And even addition to Gdax didn't do much. Surely it must breakout soon? Otherwise I don't think it's worth holding. Holding a coin for years for a ''pump'' that never seems to come is useless and a waste of money. I am 100% sure LTC will still be trading sub $4 when October begins.
UnknownUnicorn357720
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I expect nothing in September for Litecoin or Bitcoin. Sideways is actually bullish. I have posted this idea before. If the Litecoin price is going straight sideways at say $3.50 for 12 months, that means that 15,000 Litecoins * 365 days * $3.50 = $19,162,500 have been added to the Litecoin Market Cap. $50,000 per day invested into Litecoin without moving the price up. No one sees this coming.
Litecoin pumps with Bitcoin if you price it in USD. That's like saying holding Bitcoin for years for a pump that never comes is a waste of money. I make a trade every few months if I see an opportunity. I am a long term bitcoin holder mostly, but I hold Litecoin instead. That's how I see it at least.
I bought Litecoin at $3.20 in April and sold for $5.50 in June. All of that profit was lost in the Bitfinex hack. Now I'm about where I started.
The Litecoin/Bitcoin ratio has been in quite a slump. It will remain that way until bitcoin makes it's move past $800 to $1200 and beyond. I am very bullish on bitcoin, and I don't think Litecoin is special at all. I am simply gambling on the Litecoin/Bitcoin ratio to peak when bitcoin goes for that high. Litecoin is the only alt coin I have trusted over these last few years.
This monthly chart is not for daytraders. It's for the next bitcoin and litecoin all time high.