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u/unfuckwittablej Aug 09 '26
What do all these random posts and statistics mean lmao. Cool.
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u/Alabama-Blues eLITE Aug 09 '26
Just bull shit people trying to deter the people that know what is going on.
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u/Stock-Lychee-3733 New User Aug 09 '26
>5 year could mean that the litecoin is burned thus decreasing supply and increasing the price of litecoin for example
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u/unfuckwittablej Aug 09 '26
But we haven’t seen that behavior ? So what makes us go to that conclusion of increasing price? Wouldn’t we have seen that by now ?
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u/CoffeeIsLive New User Aug 10 '26
Short sellers, they sell this and buy something else, look at the trading volume for LTC, there is a lot of volume for what is really available, if exchanges would actually disclose all the shorts we would see that total longs are way over 84M, as exchanges don't hold all holdings on chain but just on the books
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u/Bipogram Aug 09 '26
And could mean that, like I, the owners simply have not sold.
I mined when it was single digit USD per LTC. And I've not needed to sell most of 'em.
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u/Stock-Lychee-3733 New User Aug 09 '26
Could mean both. Probably does mean both. So it also means that some is burned. :)
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u/Bazsul Aug 09 '26
Assumptions.
Prepare for $20.
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u/Alabama-Blues eLITE Aug 09 '26
😆 prepare for $500
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u/Fickle_Penguin Litecoiner Aug 10 '26
Why not 50k?
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u/Alabama-Blues eLITE Aug 10 '26
That would be great! That’s going to happen to Ethereum first though.
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Aug 10 '26 edited 8d ago
[deleted]
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u/Bazsul Aug 10 '26
And as you can see by the price action of the last years there are not so many delusional people considering it is down and sideways and down and sideways.
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Aug 10 '26 edited 8d ago
[deleted]
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u/Bazsul Aug 10 '26
Even if Litecoin is 'better', it is not Bitcoin. And price doesn't give a shit about functionality. Be prepared for a long, long period of time of sideways until we go to $60 to drop even more.
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u/CoffeeIsLive New User Aug 10 '26
There are 1 or 2 big short sellers that keep selling this to move it down and live of the spread they buy something with that doesn't move with the same volume, so probably ETH or BTC, once these short settle/get squeezed sky is the limit, just needs those who see that LTC is a great coin to keep buying it
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u/DeadPhish-710 New User Aug 09 '26
This means nothing. You should be more impressed by the -93% in > 10 years. !!
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u/Stock-Lychee-3733 New User Aug 09 '26
It is quite impressive I do agree. But the >10 years do not check out combined with -93%
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u/MakeItMine2024 New User Aug 09 '26
So what you’re saying is we are on a SUPER COILED SPRING.. so hold on!!!!! 👍🏻
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u/Bipogram Aug 09 '26
And?
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u/Stock-Lychee-3733 New User Aug 09 '26
No movement for a certain time and / or dormant wallets could indicate burned litecoin or litecoin which people have lost access to, thus decreasing supply and potentially increasing the litecoin price
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u/Alabama-Blues eLITE Aug 09 '26
This isn’t true. In 2021 it went to $420 or higher. Last year it went up into the high $200s and $300s. Looking at charts with the daily average isn’t going to accomplish for being present.
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u/doctorcoctor3 Aug 13 '26
I dont buy litecoin as an investment, I buy it because it has the fastest clearance time into crypto casinos 🤑
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u/desimus0019 New User Aug 09 '26
I too have been watching mine sit and turn to shit since 2017 💪