Wow. That makes no sense. If I remember there were a few hundred k of ltc there and it's now under 100k. To be honest I am skeptical. Who had that much usd sitting on btce? Sorry to be paranoid- but considering nvc imaginary instant wunder value, it scares me to think that maybe the order book is just totally cooked?
After all, a lot of people spending big money have left in disgust over nvc, and this certainly has brought back attention to ltc, maybe to lure traders back? Dunno....
The price is manipulated by bots. When the price was crashing a month ago the bots kept propping the cost back. There is no real value here, just manipulation. It's a handful of members/bots preying on fresh investors. Beware.
This what you call a free market. Orderbooks are open for viewing. If you ever traded forex this is not the case.
Call it preying on others...well its the name of the game, speculation. Buy or sell, no one makes you do it, but you.
Beware of yourself.
