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Topic: Litecoin crashing 70% right now! - page 2. (Read 4438 times)

sr. member
Activity: 434
Merit: 250
In Hashrate We Trust!
April 06, 2013, 09:21:05 AM
#1
LiteCoin rallied up from 0,50$ to 6$ on speculations that MtGox will start trading LiteCoin.
Now it is crashing and is trading around 2$, LTC/BTC is down from around 0,040 to 0,015 now (down over 60%).
If and when BitCoin goes down to 30-50$, LTC/BTC will probably be around 0,005 which implies LTC/USD of 0,15-0,25$.

My advice to anyone mining alt-coins right now: sell for fiat, or sell for bitcoin at least if you dont want fiat.
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