Is Bitfinex OK right now? Our LARGEST exchange... anyone know?

[Xiaoxiao]

Initiated a withdrawal for 100 LTC's and pending for 4 hours now.

All the while LTC price is dropping.  This is unacceptable.  Why is this?  I thought it was instant.

If I had known I would have just withdrew with BTC.

[Quickseller]

It is possible that their LTC hot wallet was dry and they needed to refill it from their cold wallet. This would not be surprising considering the fact that I would think a lot of people would withdraw their LTC after a LTC price crash.

I would expect the same behavior if market conditions were the same for bitcoin.

The process for replenishing the hot wallet (from their cold wallet) is going to be a long and time consuming one for companies that handle large amounts of crypto-currencies on behalf of their customers, otherwise it would not be very cold and they would be risking that money would be lost.

[doublemore]

Initiated a withdrawal for 100 LTC's and pending for 4 hours now.

All the while LTC price is dropping.  This is unacceptable.  Why is this?  I thought it was instant.

Yeah its bad timing for you, they do say its not always instant.  I dont know what type of customer you are maybe they can do something for you.