Doesn't care about the market sentiment for some reason. This has been an ongoing trend as well if you look back. It usually dumps violently after these spikes though, but it is interesting nonetheless.It used to be one of the coins that were fudded the most heavily back in the day because it had a sort of forerunner position due to having infrastructure and being used to move funds between exchanges and such before those made their own in-house currencies. It was also a threat to certain other projects that wanted its position on the market (eth, bcash etc), so it needed to get tamed. Back in 2017 bullrun where everybody with a youtube channel was a crypto guru (arrow goes up in bull market me big brain) you had a lot of folks from competing shitcoins paying these shills to fud it in an organized matter, nobodies who nobody listens to these days. Who remembers all the fags who talked about how it was gonna get delisted from coinbase and such? Litecoin has been hammered relentlessly in an organized fashion with huge funding.If I am gonna guess we are now seeing large traders accumulating in the expectation of downward momentum in a market where Litecoin has already been at the floor for years. In other words it is a way to secure their bags.Litecoin is a market indicator.
>>62723998The whales own so much but never seem to manipulate it to pump. Why?
being the oldest altcoin with decent liquidity, it does deserve to at least make a new ATH in the coming years
>>62724017I was holding 84 LTC to be in the 1 million club, now I bumped that to 100 LTC at $50
It's also fully circulating.creator sold everything.And it's pretty fast n cheap to use, widely recognized, also easier to swap with xmr. It does these things casually without trying, organically, without shilling.
>>62724008Being more fairly distributed than many other coins and lots of bagholders who have been waiting to sell because they got in at a higher price point causing downward momentum at the slightest hint of movement maybe? I don't know.All I know is that it reacts different to the general sentiment.
>>62724032I hope big things are in store finally
I feel like this is it, 5 years od downtrend about to break
>>62724030The big stuff is the privacy network that has been included. Mweb. So far it's not talked about but essentially litecoin operates in a fashion similar to zcash, you can pick either private address or public ones.
>>62724035I'm still pessimistic because if the market was not gay and fake it would already be up in the top 10. I mean, just look at it? There are coins there with several times the market cap of Litecoin that nobody uses for anything, coins that don't have anywhere near the brand recognition among normies. Even Dogecoin which is a derivative of Litecoin has a larger marketcap. Heck even the coins right below Litecoin have no business being anywhere near it. The entire market is fake and gay.
>>62724066i'm of the opinion that the zcash pump was 100% manipulated. I don't think coins can randomly pump anymore, except a few rare ones like eth, solana, bitcoin, xmr... litecoin is good and i think it's underpriced but i don't think we can pump and make new ath if the cabal doesn't decide it is time
>>62724055should be a beautiful bounce off that trendline straight down to 15$
>>62723998>cherrypicking the one day litecoin actually does something, then saying it doesn't care about market sentimentRetard. Litecoin is always in the dust in market sentiment. If bitcoin dumps -5%, litecoin dumps -10%. If bitcoin pumps 5%, litecoin pumps 1%. This shit is always ass and the same price it was literally 10 years ago. Wow, it actually did something today, don't expect that to be a regular occurrence.
>>62724393What I am saying is that similar things have happened in the past where right before the market turns there is an unexpected pump in litecoin.It is clear that you have problems reading and some sort of personal vendetta against Litecoin judging by your ape-like knee-jerk reaction.
>>62724412Stop talking about Litecoin. I haven't finished accumulating.
>>62723998Why is there any need for this chain? After 2017 we have million different cheap and fast chains for simple transactions. Sure you can trade it like DASH or ETC but it's a dumb dino chain and we already have Bitcoin for that.
