Litecoin?

[Arrakeen]

What's been happening with litecoin recently?  What made its price rise a bit, and why has it taken such a hard plunge recently?  Will it recover like most altcoins have after the recent bitcoin activity?

[freshman777]

There is hoping based on some evidence that the Chinese like it and trade it not as another altcoin but as a thing of its own next to Bitcoin. But China is a mystery, there is also evidence they have fake volume on some exchanges. There is a rumor tweeted by Charlie Lee that Coinbase is going to add LTC after Ethereum. There is a negative factor of large supply of LTC coming on the market because of highish inflation running for the next 3 years. The LTC code similar to Bitcoin's code can be thought of as both a positive and a negative, so that kinda cancel each other out.

Bottom line: noone knows what will happen

[vlom]

What's been happening with litecoin recently?  What made its price rise a bit, and why has it taken such a hard plunge recently?  Will it recover like most altcoins have after the recent bitcoin activity?

lc price just follows btc price. thats all. you just need to know why btc price goes up or down and then you know why ltc price is moving.

e.g. btc price went up because Renminbi (Yuan) went down.