Ive been watching litecoin increasing in value over the last month.
Does anyone think it has much more of an increase to go or is a correction due soon?
Thanks!
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It will see a pullback but new all time highs are bullish. Charlie Lee was hinting at news soon in an interview. Perhaps new partnerships? I'll buy the dips.
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I am adding to my holds in this. Watching that Lee interview got me even more excited. This guy knows his stuff and has a true vision that he is implementing.
Ultimately, he sees a world basically of BTC and LTC (sure he is biased having his coin in there...but with his record, he earned it). While he acknowledged that other altcoins will have their place, none will be able to knock of BTC as the top dog (including him). He decided to position himself as number 2 from the start.
It seems like a smart move.
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Ha ha. As I posted this, thanks to China looking to ban all new ICOs, Litecoin is threatening a new all time high. Excellent.
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LTC and BTC are both at ATH...Even ETH is nearing its high from a while back although still a bit from a new high.
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Well that escalated quickly overnight. Ha ha! Go Litecoin.
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Still ... just bought more on dip.
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Litecoin seems as though it will become the live "test bed" for new technology that will end up on bitcoin.
Coming up, we have Lightning Network, Atomic Swaps, and Root stock.
I think it will have a correction soon ( i was a little stunned it blew through $50) but it will continue to grow - not as wildly as bitcoin. Which is what could make Litecoin a better day-to-day payment currency than bitcoin.
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I agree....I think that is where LTC finds a home...it will be the platform for microtransactions while BTC handles the store of value and the larger ones.
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I am looking for LTC to hit $100 here at some point.
Personally, I hope it takes its time since I have to move some funds around. I want to add another batch before it runs to that point....not sure if it will cooperate and give me the time.
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I've been waiting to jump into LTC but the price keeps going upwards. What is the price you're thinking to jump in at?
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I bought another batch last night....trying to add more when my funds clear next week.
I think it is going to 100 so anything below 80 is an entry point....
I am a long term buyer so you need to determine entry points based upon your time frame.
By the way, I will also buy LTC next week if it is at $50.
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