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Title: LTC and LTC/BTC ratio Post by: CoinEntropy on June 12, 2013, 04:25:25 AM What do you suppose to be the of the recent LTC dip that seems to be struggling to crawl out of?
When do you estimate LTC/BTC to go to .0235 or .024? Title: Re: LTC and LTC/BTC ratio Post by: chriswilmer on June 12, 2013, 05:33:50 AM Everyone is holding their breath (who care about litecoins, that is) for litecoins to be traded on a major exchange besides btc-e.
Some interesting things happening with Litecoin though. Several (!) litecoin payment processors like bitpay are apparently in the works and the Litecoin dev team just released a testing-only version of Litecoin 0.8.2 Title: Re: LTC and LTC/BTC ratio Post by: dnaleor on June 12, 2013, 05:49:31 AM Litecoin will be widely used for microtransactions! :)
Litecoin ftw... :D Title: Re: LTC and LTC/BTC ratio Post by: CoinEntropy on June 12, 2013, 06:10:28 AM Thanks for the info, but the questions concerned in the OP??
Title: Re: LTC and LTC/BTC ratio Post by: chriswilmer on June 12, 2013, 06:16:10 AM Whenever Mt.Gox adds Litecoins to their trading... if it happens this month, then the LTC/BTC ratio will go to 0.024 or (probably) higher. Might happen later though... (or never? I hope not)
Title: Re: LTC and LTC/BTC ratio Post by: CoinEntropy on June 12, 2013, 06:17:58 AM Whenever Mt.Gox adds Litecoins to their trading... if it happens this month, then the LTC/BTC ratio will go to 0.024 or (probably) higher. Might happen later though... (or never? I hope not) It was just at .024 a day or two ago. Why do you think that Gox implementation is a prerequisite to go back to a relatively easy-to-achieve value? I definitely think it'll hit .0235 before the weekend, .024 in a weekish, give or take. Title: Re: LTC and LTC/BTC ratio Post by: chriswilmer on June 12, 2013, 06:28:32 AM Whenever Mt.Gox adds Litecoins to their trading... if it happens this month, then the LTC/BTC ratio will go to 0.024 or (probably) higher. Might happen later though... (or never? I hope not) It was just at .024 a day or two ago. Why do you think that Gox implementation is a prerequisite to go back to a relatively easy-to-achieve value? I definitely think it'll hit .0235 before the weekend, .024 in a weekish, give or take. Well, you know more than me then. I have no idea where the LTC/BTC ratio is going in the next few days. Title: Re: LTC and LTC/BTC ratio Post by: TheKoziTwo on June 12, 2013, 11:09:37 AM The market went crazy on news that mtgox would be adding litecoin support, as time passes by and nothing happens people are losing faith, giving up, etc. The price just couldn't be sustained. I've been buying some litecoins and will continue to do so around this price area and lower. When mtgox adds it, the price will go up to 0.03 or more, in my opinion. At that point I'll probably sell, with a nice 30-50% profit on investment. But it's difficult to predict the result of it being added, maybe I'm being conservative and people will buy like crazy shooting the price much further. Will have to keep an eye on it, when that happens and judge then.
Then there is the disastrous scenario in which mtgox doesn't add litecoin for some reason, or it is severely delayed to the point of market capitulation. That surely won't be good for the price ratio, even if mtgox turns around and adds it. So it better happen soon. Mark mentioned on twitter yesterday they have been working hard for 3 months and will soon release information, fingers crossed. Title: Re: LTC and LTC/BTC ratio Post by: RyNinDaCleM on June 12, 2013, 11:21:28 AM Other than the initial speculative bubble, I don't see why Gox adding LTC trade would/should do anything for the price. Bitfinex already added LTC "exchange" and will eventually add margin trading and so far, that hasn't done anything. IMO, adding exchanges isn't an important factor or "fundamental" :/
Disclaimer: I do hold Litecoin, so my views are not anti-Litcoin. Title: Re: LTC and LTC/BTC ratio Post by: lucas.sev on June 12, 2013, 11:31:05 AM Other than the initial speculative bubble, I don't see why Gox adding LTC trade would/should do anything for the price. Bitfinex already added LTC "exchange" and will eventually add margin trading and so far, that hasn't done anything. IMO, adding exchanges isn't an important factor or "fundamental" :/ Disclaimer: I do hold Litecoin, so my views are not anti-Litcoin. That's enough. |