11 Aug - 18 Aug: 42 CNY to 22 CNY (-48%)
18 Aug - 21 Aug: 22 CNY to 38 CNY (+33%)
22 Aug - 23 Aug: 36 CNY to 29 CNY (-24%)
23 Aug in an hour: 29 CNY to 33.21 CNY (+13%)
It looks like Litecoin will never die even with the strong competition of other alt coins. Its advantage is a huge acceptance in every China exchanges, every 1% swing in Bitcoin will result in over 8% swing in LTC. On the flipside, dumps are on double digits too. Shorts and longs are always profitable within a short period of time.
No other alt coin on cryptsy/mintpal will ever have this amount of volume and swing comparable to Litecoin right now. Its speculator's best tool for the fastest profit in cryptocurrency.
Anyone who have caught the wave well would have already tripled their original money by now... However a word of caution is that the loses are also amplified too..
Ignore the price, look at the swings and trend.
18 Aug - 21 Aug: 22 CNY to 38 CNY (+33%)
22 Aug - 23 Aug: 36 CNY to 29 CNY (-24%)
23 Aug in an hour: 29 CNY to 33.21 CNY (+13%)
It looks like Litecoin will never die even with the strong competition of other alt coins. Its advantage is a huge acceptance in every China exchanges, every 1% swing in Bitcoin will result in over 8% swing in LTC. On the flipside, dumps are on double digits too. Shorts and longs are always profitable within a short period of time.
No other alt coin on cryptsy/mintpal will ever have this amount of volume and swing comparable to Litecoin right now. Its speculator's best tool for the fastest profit in cryptocurrency.
Anyone who have caught the wave well would have already tripled their original money by now... However a word of caution is that the loses are also amplified too..
Ignore the price, look at the swings and trend.