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So here's the score. I'm sitting on about 220 LTC. I bought some at $75, some at $68, but most of it at under $40. Seeing LTC crash from 90 down to 30 terrified me; I'm shaken up over this and I've pretty much lost faith in the coin altogether. If I sell now, I'll have made a decent profit, but I'm afraid it'll blast up into the stratosphere again. My instincts tell me to convert to bitcoin... but my FOMO tells me to hold for a couple of months and see where this road takes me.
Be honest: does litecoin have a future? Is there still a reason to hold it? People were FUDing like crazy, then it spiked to $90 and people were apologizing left and right. Will it happen again?
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>>3500718
ltc is a great long term hold along with btc.
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Litecoin only performed when Bitcoin did and always crashed harder than BTC. I'd maybe let it rise a bit more and then convert.
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>>3500718
litecoin serves no purpose that bitcoin doesn't do better
scamcoin like 99.9% of alts
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BTC, LTC and ETH are currently very correlated and they are all expected to rise in a few weeks.
Also LTC isn't going anywhere. People like to use it to transfer money between exchanges since it's fast.
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I wouldn't completely write LTC off, just wait for good news and don't fall for the hype when you've reached your sell-off target.
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>>3500718
Sell half the stack then
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>>3500718
i feel with you -- the cinies selloff hit it hard, LTC is was a chinese driven coin, and got hit hard with millions of sells the last 60hours. and generated a deep wound
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>>3500718
Sell it, 6 hours max before crash to 0.0085
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>>3500823
can someone explain this "no purpose" meme? just seems like mindless fud to me. no coin has a purpose, just use fiat goyim.
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>>3500718
>LTC
>Stratosphere
Your fears are unfounded. That has never happened.
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