It's actually very simple: with the promising news about bitcoin getting segwit earlier then previously thought, litecoin will lose its existential purpose. There would literally be no reason to hold or buy litecoin as it would be what it has always been; a clone of bitcoin. Remember when we stayed between 3.5-4.5 for almost 2 years? That's what the future holds for litecoin.
All other cryptocurrencies are rising, but you can't compare those to LTC. Those are original cryptocurrencies with something to offer; litecoin is not. The second consensus is reached, expect LTC to be dumped into oblivion; very likely to $1-$2 levels.
Even from a TA point of view, LTC rally is pretty much done. Anyone expecting this coin to hit $35+ again should stop dreaming and cut losses before it's too late. A few days ago, Charlie tweeted that LTC holders/buyers "shouldn't expect a bailout."
Interpret that however you like ;).
Sub 0.01 ratio is coming. After that? Goblin Town.
Thanks for this epic exit pump. Bought in during the 2 year sideways and made 700% profit. Switched to BTC and will now watch LTC die.
RIP LTC.
All other cryptocurrencies are rising, but you can't compare those to LTC. Those are original cryptocurrencies with something to offer; litecoin is not. The second consensus is reached, expect LTC to be dumped into oblivion; very likely to $1-$2 levels.
Even from a TA point of view, LTC rally is pretty much done. Anyone expecting this coin to hit $35+ again should stop dreaming and cut losses before it's too late. A few days ago, Charlie tweeted that LTC holders/buyers "shouldn't expect a bailout."
Interpret that however you like ;).
Sub 0.01 ratio is coming. After that? Goblin Town.
Thanks for this epic exit pump. Bought in during the 2 year sideways and made 700% profit. Switched to BTC and will now watch LTC die.
RIP LTC.