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bitcoinrocks (OP)
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October 17, 2013, 06:53:38 PM
 #1
Does anyone know why LTC seems to be on such a downtrend lately?
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matt608
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October 17, 2013, 06:54:50 PM
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It has no distinguishing features.
sumantso
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October 17, 2013, 07:21:30 PM
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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.
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BitcoinEXpress
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October 17, 2013, 07:21:53 PM
 #4
Quote from: bitcoinrocks on October 17, 2013, 06:53:38 PM
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.


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October 17, 2013, 07:26:52 PM
 #5
LTC/USD rate has remained stable, LTC/BTC rate has gone down due to BTC rate rising.
miffman
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October 17, 2013, 07:45:35 PM
 #6
ALT coins to fiat has slow fluctuations, so what are you are seeing are the bit coin changes.

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reb0rn21
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October 17, 2013, 09:17:15 PM
 #7
Still by far best alt, bashing it down for a profit, all that dumped are looking to profit to rebuy more...
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