Are you really sure you want to buy litecoin?

Seriously, look at the chart. You don't need expertise to see that is not going up and it's not about to go up.

That is LTC, you know, that coin that gets mined for free when you use a bitcoin miner? Cos it uses bits of the ASIC that the bitcoin algo doesn't use.

I know why you want to buy it, cos I have bought it too.

But then I used week-sized candles with a log chart and I felt like John Belushi in the church scene in Blues Brothers.

I don't like going short when a coin is in the middle, but for LTC, I'll make an exception.

Comment:

sigh at A.S.I.C, there can't be many words out thee that don't have a goddam % next to them.

Comment:

Please note it looks I was wrong to suggest that "you get LTC for free with asic dual miners". It was a genuine mistake, I obviously believed some dual-miner asic hype at some point.

It was the enormous LTC volume on chinese exchanges 2015/2016 that made me think it must be true.

Anyway, I'm very glad to have been corrected.

I'm also glad to still be short on LTC (with BTC!!!)