Litecoin Whales Sold Coins Worth $27M In August. Litecoin in danger of dropping below $60

CointestMod · 2023-09-02T10:30:23+00:00

Litecoin pros & cons with related info are in the collapsed comments below.

Nutcase420 · 2023-09-02T09:05:06+00:00

Okay now I understand what the halving meant

EveliaAvila · 2023-09-02T11:31:29+00:00

Whales doing whales thing. Ill keep holding my LTC regardless.

vhanke · 2023-09-02T09:04:09+00:00

I remember the good old times where LTC went over $300

I wonder if it will reach it's ATH ever again...

Electrical_Tension · 2023-09-02T11:59:06+00:00

Ah, Litecoin going below 60, I once bought LTC at 250 and was thinking I bought the dip, we'll here we have a real dip now. Although I won't buy it now because now I think there are better projects

ChemicalAnybody6229 · 2023-09-02T11:03:21+00:00

The price might increase in months to come since it just had its halving.

wylie2020 · 2023-09-02T13:03:34+00:00

Gotta love a bear market it truely brings out all the FUD paracites with there idiotic doom and gloom....

The past speaks for itself, SAME SONG DIFFERENT DANCE, holders always prevail

Clemedy · 2023-09-02T11:52:29+00:00

Poor LTC, i hope our loyal friend will grow again :)

Tattiess · 2023-09-02T12:17:02+00:00

Litecoin the jack of all trades. I still hold some.

roadbowler · 2023-09-02T12:40:00+00:00

I would love LTC to have mass adoption, it's quick and cheap to use.

laughncow · 2023-09-02T15:33:35+00:00

Lite coin is for people that think it’s cheaper than bitcoin lol 😂

BradVet · 2023-09-02T16:14:25+00:00

Always had a soft spot for LTC, a true OG

levipupu90 · 2023-09-02T10:37:47+00:00

So is it the right time to short it? Or the usual thing happens and it reacts to the news right the other way around?

42326041 · 2023-09-02T11:07:41+00:00

The real halving was not about the supply it was about the price ahhhhhhhhhhhh

shenanigans_101 · 2023-09-02T11:16:14+00:00

Oh no, one more coin in risk of going down, lie any other coin :O Anyway... hows the weather?

CreepToeCurrentSea · 2023-09-02T11:26:15+00:00

Halving hype is already over, back to the caves.

leplouf · 2023-09-02T12:11:18+00:00

Old "Bitcoin silver". There is no second best.

Sweaty_Wizard · 2023-09-02T12:49:13+00:00

Buy the deep

skyvin · 2023-09-02T12:58:19+00:00

Litecoin taking its own name literally.

iworkisleep · 2023-09-02T13:26:08+00:00

Good. Reload the bag below 60 is nice

searchingtruth1 · 2023-09-02T14:17:16+00:00

No BTC halving fomo for me...convinced something else will be the powder, not sure what will light fuse.

Still respect LTC and will use it again...

Objective_Digit · 2023-09-02T14:52:21+00:00

Pointless coin.

fiercygoat · 2023-09-02T19:00:15+00:00

halving is very overrated event

endless_ness · 2023-09-02T22:13:16+00:00

problem with liteoin is it has no community.

ParadoxSebx · 2023-09-02T22:15:11+00:00

This is Litecoin FUD. It’s not going anywhere anytime soon.

Impossible_Soup_1932 · 2023-09-02T10:15:29+00:00

Stick to Bitcoin in my opinion. Lower risk, higher rewards (so far)

TripleReward · 2023-09-02T12:00:40+00:00

Remember that the creator sold all at peak ATH while telling others to hodl.

Fuck LTC

Dwaas_Bjaas · 2023-09-02T11:01:53+00:00

But the halvening guys! The halvening!!

/s

DAMG808 · 2023-09-02T10:20:42+00:00

Ouch...

MindlessBadger281 · 2023-09-02T10:54:27+00:00

Find memories of lite coin - never held it buy it was one of the first ones I ever hear of

Consistent_Many_1858 · 2023-09-02T12:35:24+00:00

Litecoin price litterly halved after halving. I bought few coins before halving which I'm now regretting.

watch-nerd · 2023-09-02T14:33:41+00:00

ghost chain

AbsoIution · 2023-09-02T15:03:13+00:00

Buy the dip....right...? That's what people keep saying...

...right?

Jabanger · 2023-09-02T16:10:59+00:00

If it fell below 50 I'd def pick up like 10 coins I mean at that price very little risk

sandpaperboxingmatch · 2023-09-02T16:36:35+00:00

Well that hurts

mazyar_lp · 2023-09-02T09:07:40+00:00

Why still litecoin exists? Charlie lee the founder sold all of his coins in top in late 2017 Why anyone should buy this when its founder doesn't believe it anymore And what is the use case when we have 10s of low fee crypto currency even lower than litecoin?

InternetStrang3r · 2023-09-02T08:44:32+00:00

Guess their bags became lite whilst the small fry got heavy

Embarrassed-Bowl-230 · 2023-09-02T08:48:59+00:00

As expected by some analysts it was a sell the news event. I hope not too many people here got burned.

3337jess · 2023-09-02T13:56:35+00:00

Why would anyone hold litecoin now that bitcoin’s lightening network is here?

Harold838383 · 2023-09-02T08:51:57+00:00

Ltc historically pumps before the halving. It hardly pumped and people still sold the halving news. Not great news for litecoin

LuganoSatoshi · 2023-09-02T19:21:53+00:00

Litecoin will tank..

mesutdmn · 2023-09-02T08:52:39+00:00

LTC before and after halving pricing was an example of what will happen near the BTC halving; We might get a boost on the price and then immediately drop.

raresanevoice · 2023-09-02T08:51:53+00:00

A great buying opportunity if one is interested.

Course, that's most of the market right now

MikeDJunior · 2023-09-02T08:47:46+00:00

LTC below $60 is a buy signal for me

Socialinfluencing · 2023-09-02T08:45:30+00:00

For what it's worth not long after I joined the space in 2019 I was a noob and came here asking about Litecoin cause I didn't know anything. A bunch of people laughed at me and told me it'll be dead soon. It's still here and one of the OG's in the space. I don't hold any but power to those that do.

conceiv3d-in-lib3rty · 2023-09-02T08:46:30+00:00

I’m not too worry about it yet. But I gotta be honest, I did not expect this play out like it has so far.

ghochumal · 2023-09-02T08:50:24+00:00

Litecoin is in buying territory under 60$ for me so i am hoping to get some 🤞

SavageLeo19 · 2023-09-02T08:54:15+00:00

Buy the rumour sell the news at it's finest

TOXICCARBY · 2023-09-02T08:56:37+00:00

It crossed $100 just a couple of months ago

ponililo · 2023-09-02T09:12:38+00:00

I wonder if LTC will reach its ath again

Drake99eth · 2023-09-02T09:15:05+00:00

Fuck here we go again

changhuanese · 2023-09-02T09:25:42+00:00

Wrong halving…

craigmorris78 · 2023-09-02T09:31:44+00:00

No regrets

PowerConsistent454 · 2023-09-02T09:33:57+00:00

I can't believe I roundtripped this thing from 30 to 300, twice...

uwu2420 · 2023-09-02T09:40:26+00:00

Is Litecoin mweb still difficult as fuck for a normal user to use? It’s truly one of the most depressing things about this coin, a feature that was so promising only to turn out to be DOA

sadsissyphus · 2023-09-02T10:07:13+00:00

Not all Halvings starts bullrun. Litecoin has been crashing since it's halving.

Harucifer · 2023-09-02T10:07:39+00:00

2017: "Litecoin founder Charlie Lee says he’s sold all his holdings in the cryptocurrency". Price was around 250-300.

unit156 · 2023-09-02T20:05:36+00:00

I hope it drops lower. I’d like to accumulate more since Coinloan stole all mine. I’d had it since 2017, so I’ll never be able to buy it that low, but it would be nice to not pay an arm and a leg to replace it.

Gossipmang · 2023-09-03T22:18:36+00:00

Sorry but I just don't see the point of litecoin. It's just old tech at this point without the branding on par with bitcoin or ETH.

Tasigur1 · 2023-09-02T08:56:27+00:00

The price of LTC right now is an amazing entry level. It will go easily back to 100$.

Normally I DCA into BTC but I think I grab some LTC as well.

Silver-dutch · 2023-09-02T08:44:09+00:00

Litecoin remains a bluechip, it will do great next bullrunn

Warm_Examination405 · 2023-09-02T08:52:27+00:00

[deleted]

ponililo · 2023-09-02T09:16:14+00:00

Great buying opportunity

83nno · 2023-09-02T09:34:05+00:00

I’m way down on LTC and have pretty much written it off at this point sadly.

I always liked the project.

2023-09-02T13:26:33+00:00

Ltc isnt going no where. Stack up. It isnt digital gold, but it is digital silver. I dont recall the network ever going down and i dont recall it being expensive to transact on the network

Hope8888 · 2023-09-02T09:03:06+00:00

Litecoin will have its time to shine, be patient and you will be rewarded , great time to start buying

Barchelonio · 2023-09-02T09:10:27+00:00

I trust LTC with all my heart, it stayed up through so much, it can be compared to BTC. It will not go away.

coinfeeds-bot · 2023-09-02T08:51:02+00:00

tldr; Litecoin (LTC) price remains within the $65 - $68 territory after failing to break above $70. In August, Litecoin whale investors sold off 430,000 LTC coins, further exacerbating the LTC price downtrend. The tokens sold by the whales over the past month are worth approximately $27 million. This could potentially put LTC’s price in danger of dropping below the critical $60 support level. The LTC Futures Open Interest has now dropped to its lowest since November 2022, indicating a dearth in capital inflows. The lack of capital flows and the whale’s bearish trading activity could send Litecoin price below $60 in the coming weeks.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io

Popular_District9072 · 2023-09-02T14:55:38+00:00

the little pump prior to halving was obliterated shortly after, any underlying danger if it goes below 60?

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