LTC falling is strage

thenoblebot (OP)

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LTC falling is strage

January 24, 2014, 05:04:46 AM

LTC has of late been falling quite drastically compared to earlier values ... even the hashrate went down earlier by 30-40% ... anyone has any explanation or reasoning for it ? I can't seem to figure it out (not that I have been able to in the past lol)

Also LTC/BTC ratio seems more skewed than ever.

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thenoblebot (OP)

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Re: LTC falling is strage

January 24, 2014, 05:38:42 AM

Or could it just be some whales coming in ?

G K G

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Re: LTC falling is strage

January 25, 2014, 03:05:53 AM

Quote from: thenoblebot on January 24, 2014, 05:04:46 AM

it has been losing hashpower to DOGEcoin.
Also lately, the profitability of mining LTC has gone lower drastically compared to other scrypt coins.
so less followers less value.

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thenoblebot (OP)

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Re: LTC falling is strage

January 25, 2014, 04:56:03 AM

Quote from: G K G on January 25, 2014, 03:05:53 AM

it has been losing hashpower to DOGEcoin.
Also lately, the profitability of mining LTC has gone lower drastically compared to other scrypt coins.
so less followers less value.

Yea I guess that explains quite a bit ..... just hate it when such new alt-coins come in and do something like that to a long timer like LTC.

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