Litecoin still painfully stable.

in #bitcoin7 years ago

Ever since I picked up litecoin earlier this week, it's done nothing. Now it's still up over 13% from last week, but that was only one quick run from $47-$52 and then basically nothing after. I get that litecoin is supposed to be more stable, but watching all of monero's craziness and all the volatilities elsewhere I'm getting rather impatient. If I don't see litecoin over $60 by the weekend, I'm going to sell off half of it in hopes of more volatility elsewhere. Probably BCC or XLM. Good luck, and good hunting.

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Until it gets a larger share of the total market cap, it's gonna stay fairly even. Monero is getting listed on Korean exchanges which caused the rumor/news spike. Altcoins, and especially BCC are about to drop as BTC makes a new all time high and everyone converts to BTC to ride the wave. Once that's reached, the strong alts will rise as people turn their now more valuable BTC into other coins. LTC is probably not going up then either. But coins like NEO will be.

It has been a pain staking steady value...I pared down a while back after gambling and losing on its last run to $50...it pops every now and then just to let you know it exists...I still think some is worth holding since any long term coin under $100 I think will have speculative value to the masses once the stock market exchanges are allowed to trade.

Even at that I'd expect with all the volatility that litecoin isn't immune even a 40% shouldn't be out of the question