Litecoin LTC - Don't dump in your pants just yet, hodl it in...
This is a tough one to call.
Everyone and their mother bought Litecoin because of Segwit. When everyone buys...there's no one left to buy. So it's currently trying to shake off as many people as possible, and lots of pants are being shat (including mine, as I wasn't going to risk NOT being in for the Segwit lock-in).
There are a LOT of people to shake off, and we still have a couple weeks to go before it's actually activated - so I'm definitely preparing for the possibility of some major dumps coming up, while simultaneously looking out for signs of reversal and holding on for dear life. Because in situations like this you never know. This could be a natural, technical dump, or it could be whale games and it might decide to take off as soon as I look away.
Hopium:
Litecoin is looking more promising than ever, and we may be able to test out cool stuff we've been waiting for forever like the Lightning Network.
It's being added to Coinbase at some point in the near future
0.016 - 0.02 feels like where it should be anyway, and there's so much good news, how could it not get there?
This is probably a whale trying to freak everyone out and get in cheaper.
Hidden Bullish Divergence on the Stochastic.
Dumpium:
Small amount of buyers left
Maybe hype is over since we know all the news already, and there's nothing left to do but sell that news?
Possibility of miner shenanigans. With all the revelations lately, I have a small suspicion in the back of my mind that Bitmain has some kind of sabotage in mind. If they have some kind of exploit, it wouldn't be so crazy to think that they only let Segwit activate so they could sabotage it somehow once it's live, so they can point the finger and say "SEE!! I TOLD YOU SEGWIT'S BAD! NAH NAH" and kill the enthusiasm for activating it on bitcoin. I have no basis for this but it wouldn't be a total shock if it happened.
Who knows.
Everyone and their mother bought Litecoin because of Segwit. When everyone buys...there's no one left to buy. So it's currently trying to shake off as many people as possible, and lots of pants are being shat (including mine, as I wasn't going to risk NOT being in for the Segwit lock-in).
There are a LOT of people to shake off, and we still have a couple weeks to go before it's actually activated - so I'm definitely preparing for the possibility of some major dumps coming up, while simultaneously looking out for signs of reversal and holding on for dear life. Because in situations like this you never know. This could be a natural, technical dump, or it could be whale games and it might decide to take off as soon as I look away.
Hopium:
Litecoin is looking more promising than ever, and we may be able to test out cool stuff we've been waiting for forever like the Lightning Network.
It's being added to Coinbase at some point in the near future
0.016 - 0.02 feels like where it should be anyway, and there's so much good news, how could it not get there?
This is probably a whale trying to freak everyone out and get in cheaper.
Hidden Bullish Divergence on the Stochastic.
Dumpium:
Small amount of buyers left
Maybe hype is over since we know all the news already, and there's nothing left to do but sell that news?
Possibility of miner shenanigans. With all the revelations lately, I have a small suspicion in the back of my mind that Bitmain has some kind of sabotage in mind. If they have some kind of exploit, it wouldn't be so crazy to think that they only let Segwit activate so they could sabotage it somehow once it's live, so they can point the finger and say "SEE!! I TOLD YOU SEGWIT'S BAD! NAH NAH" and kill the enthusiasm for activating it on bitcoin. I have no basis for this but it wouldn't be a total shock if it happened.
Who knows.
Comment:
And so it begins...
Comment:
Hope everybody's pants are stlil clean! See, it was worth the clenching after all. Still wouldn't unclench yet though
