What's wrong with LTC?

[bitcoinrocks]

Does anyone know why LTC seems to be on such a downtrend lately?

[matt608]

It has no distinguishing features.

[sumantso]

It was on a bubble due to Gox announcement. Now that screwing up seems to be a routine job for Gox LTC is correcting.

I was holding LTC like a frog in a pot of water being slowly heated. The gox maintenance and the associated pump shook me out of my slumber and I sold off.

[BitcoinEXpress]

Does anyone know why LTC seems to be on such a downtrend lately?

It's only on a down tend if you've recently came into LTC. I still have every Litecoin I have ever mined and majority of the "few" I have are from when LTC was valued in pennies.
LTC could drop to $0.25 and I would still be way ahead.

It's also just not Litecoin, it's all alts that are dropping in price due to BTC rising.


~BCX~

[vindimy]

LTC/USD rate has remained stable, LTC/BTC rate has gone down due to BTC rate rising.

[miffman]

ALT coins to fiat has slow fluctuations, so what are you are seeing are the bit coin changes.

[reb0rn21]

Still by far best alt, bashing it down for a profit, all that dumped are looking to profit to rebuy more...