LTC Price

[jarthur36]

WHAT IS HAPPENING TO LITECOIN PRICES.

The difficulty will go up soon and the prices are the same as they were before this difficulty rise. I was hopefull when they got to $40 and started to be hesitant when they didn't move. Now they are back at $32. Any ideas on whether they are going to recover or will they be unprofitable after then next week or so?

[Vitalius]

WHAT IS HAPPENING TO LITECOIN PRICES.

The difficulty will go up soon and the prices are the same as they were before this difficulty rise. I was hopefull when they got to $40 and started to be hesitant when they didn't move. Now they are back at $32. Any ideas on whether they are going to recover or will they be unprofitable after then next week or so?

You do realize that every time BTC hits a new hurdle, it drops 20% in price right after, right? It happened at $1000 (it went to mid $800's), $1200 (back to $1000's), $300 (back to $200's), and so on. 

It's how things work.

[DoubleY]

I am sure that the price will go back up... eventually.

 

Don't expect LTC to be the next BTC at over $900

[needmorewood]

just mine and hold onto them. one day itll be worth alot  hopefully and u can cash in

[Levent]

yup i am also holding my bitcoins i will probably sell em off at 40 or 45$ (which i know i will wait for a long time)

[jarthur36]

Ahh I see. I'm not expecting bitcoin rates. I'm expecting to be able to keep up the rate of income (0.2LTC or $8 - costs) which when the difficulty increases would normally come from the price increasing also. I guess the good thing about this system is that it automatically adjusts. Thanks for the answers.

[FlakeyBanana]

dont worry just keep mining