Once BTC stalls for a bit, expect a massive explosion in price.
BTC's value has outpaced LTC's in the recent rise by almost 100% (15-16% vs 7-9%)
Currently LTC is undervalued
LTC also has a smaller volume traded, which means it takes less to shift the price.
When it happens, it'll happen quick
Here are some ratios to give you an idea
>0.018 on 6/16 (61$)
>0.0165~ between 6/20-6/30 and 7/20-7/27 ($54)
>0.021 on 7/4 and 7/15-16 ($70)
>0.024 ATH in the last 2 months ($80)
Don't say I didn't warn you.
All that money in BTC, a fraction of it will send LTC at par or better.
My suggestion is: Hedge LTC with a slight amount of BTC. If it goes down, it won't go down too much, and if it doesn't moon, it'll still follow upwards. If it does moon, you're in for some big bucks.
>tfw hodling 140 LTC for 2 months now
I sure hope you're right anon.
>>2961831
We could actually see the $100 meme soon, or close to it. The coin itself is good enough to support it.
I always plan to buy some but im afraid that i might buy a bag
It just nearly flash crashed on GDAX but almost recovered. Let's see $50 tonight.
>>2961857
The good thing is, at this price, you'd be getting a decent bag. If prices drop, it'll drop the least, just like it rose the least.
It's basically a gamble.
If things go up you'll get less gains unless there is a breakaway to the moon
>>2961861
There was just a minor selloff on both BTC and LTC. BTC go stuck under 3300 and is now at 3277, but LTC recovered back up to 46.35. The price is more resistant to change.
It'll likely go down if BTC goes down a lot, but it still has that moon chance waiting.
>>2961882
Think we can test ATH given that BTC has broken through it?
I don't know if I want to dump some of my ETH into LTC... I need more money.
>>2961899
I really think the LTC mooning is a chance.
It has to be driven by whales across exchanges, but it would be easy to do so.
Now that BTC has risen, the capital available to do it is much higher.
It's also possible it could climb over 2 days like it did before and then spike to an ATH before coming down.
Outside of a big guy moving the market, or a few big guys getting it started, I see it continuing to act like a less volatile crypto
>>2961935
dump ETH because it'll start to fall.
Go BTC if you think it'll keep climbing (probably will over the next 2 weeks) or LTC if you want to lower damages + chance of moon
LTC doesnt have a history of mooning. Why would it now? Its stable climb
is ltc literally the most cucked coin ever?
its literally a trash bitcoin clone
>>2961971
7/2-4 mooning up to almost $60
stable is a meme, when the volume his $1B, that's when the blood will show