Litcoin up to $222 today, will you buy?

[Heatman]

According to data I received from CoinMarketCap website, the price of Litecoin went from $64 and it remained in that range as of writing this right now. It showed support at the $66 level today. However, it fell once again to $64. These are the current statistics of Litecoin's price.

Yeah, that's very correct because it's exactly what I saw in the market and as of today, it's still at the same price with just being at $64.21. I would say that Litecoin doesn't move that quickly unless the pull in the market is too strong.

 

[Nomad]

What a sad story, LItecoin is currently trading at $64. Until a month ago, it was around $91. The crypto winter that started in November 2021 is still going strong, some people say the rick bottom is yet to come, where as some believe the winter has passed and the price will imprve.

 

[Heatman]

What a sad story, LItecoin is currently trading at $64. Until a month ago, it was around $91. The crypto winter that started in November 2021 is still going strong, some people say the rick bottom is yet to come, where as some believe the winter has passed and the price will imprve.

Seriously, it's being a very sad story for all cryptocurrencies and not just Litecoin. All of them have crashed landed very hard that it looked like there's no more hope. But the good thing that I love about most cryptocurrency investment holders is that they are strong believers because if they are not, almost everyone would have cashed out everything they have and that's going to be the end of cryptocurrency.

 

[Ja Sa Bong]

As a close observer of the changes that we always experience in crypto currencies prices, I will say that I've been impressed with the gains that Litcoin is showing. If you had 1 LTC when it was $203, just know that your LTC is now worth $222. To me, I think this is the perfect time to invest on LTC especially, if you are planning to hold for the long term.

Everyone who invested in Litecoin at this point are crying blood today because Litecoin dipped to $64 now. I would have been a victim if I had interest in investing in Litecoin but I never did. I use Litecoin for making and receiving payment. It's how I was able to avoid this loss.

 

[Heatman]

The coin currently is not even up to $100. The reason is because the price of all cryptocurrencies are down. I wouldn't mind to buy it but this is not one of my favourite crypto-currency for long-term now.

Yeah, that's very correct. The same hit of fall that Bitcoin and other cryptocurrencies faced wasn't exempted from Litecoin. It was affected as well. All of them are in the same line of trying to recover from the massive fall in price. Now might be a very good time to buy but I'm not buying.

 

[Riberet19]

I think that seeing how the economy is right now, the most prudent thing would be to continue waiting for better purchase points which I think could arrive at any moment. Right now I am not buying although I have been doing so previously, from now on I am going to continue accumulating capital to wait for better purchase points.

 

[Heatman]

I think that seeing how the economy is right now, the most prudent thing would be to continue waiting for better purchase points which I think could arrive at any moment. Right now I am not buying although I have been doing so previously, from now on I am going to continue accumulating capital to wait for better purchase points.

It's the same thing with me as well. I have stopped buying a long time ago because I know that it's not the right time to buy anymore. Also, being in the market that's in long price consolidation, it will never give you the right angle to buy in or sell out. So, it's best to wait it out until everything is clear.

 

[Riberet19]

It's the same thing with me as well. I have stopped buying a long time ago because I know that it's not the right time to buy anymore. Also, being in the market that's in long price consolidation, it will never give you the right angle to buy in or sell out. So, it's best to wait it out until everything is clear.

Yes, I am seeing how the interest rates on the dollar do not stop growing, the dollar continues to strengthen while the economy slowly weakens and at any moment it could break down, then the market could implode, especially the crypto market, which is so risky and so volatile, so having dollars, euros or any strong currency is the best option, in my humble opinion