Litecoin Value Going Insane

[babysunshine]

Litecoin price has been going up about a dollar a day now. See here: https://bitcoinwisdom.com/markets/btce/ltcusd
Has over twice the trade volume that of Bitcoin. See here: http://cryptocoincharts.info/coins/graphicalComparison

The Litecoin halving will occur in 47 days. Seen here: http://www.litecoinblockhalf.com/

Not only that, it just surpassed Ripple as now 2nd largest coin. People are seriously getting worried about the Bitcoin core vs Bitcoin XT debate and the dust spam that is backlogging the BTC network.

Interesting times ahead.

 

[babysunshine]

Looks like it could hit $9 or $10 tonight.

 

[ostrich]

The price just dropped again

 

[selo]

Might be a good time to buy. It will surely go up, at least slightly, before the halving.

 

[watley]

Might be a good time to buy. It will surely go up, at least slightly, before the halving.

Litecoin's value increased because of the Chinese stock market crash and a very large Chinese ponzi scheme involving Litecoin. As soon as the Chinese stock market starts going up in value again, they'll dump their Litecoin and get back in.

 

[cyriac1994]

i think its the right time to invest on it

 

[mazar]

itll go up and down abit this week but it will take a huge dive again this weekend if your in profit i would go back to fiat before then . if your buying in i would wait until it goes below $3 friday night or saturday morning

 

[the_demon]

Yeah, Litecoin has been going crazy up and down lately. This is a good article I came across on Litecoin recently: https://atriark.com/blog/is-litecoin-the-next-bitcoin/

 

[BlackSalt]

You have observe the sinusoidal nature, while investing. In the start of 2014, it was way up and goes down in the April or May 2014. And many investors lose allot there. So, do not see the linear behavior, focus on sinusoidal nature.

 

[josegustavo]

I think, near about one month has been passed after your post and now the price of litecoin has been dropped. In my opinion, BTC is the most reliable mean of CryptoCurrency.

 

[kastio]

Litecoin is too unstable for anyone to really invest in. Bitcoin all the way here, nothings going to trumped that anytime soon

 

[bojan92]

I dont like the ups and downs because they make me feel dizzy and scared but at least there is some light at the end of the tunnel and all the investors in the coin might walk around with big smiles on their face this holiday due to its success