/biz/ - Business & Finance

>>3225075
>2013 was $48.92 USD
Coinmarketcap says it was $53.10

>July $55.39
wrong, it reached 57.80~ on GDAX before falling back down to 55 a few minutes later. In fact it happened so fast that I can't even find it on coinbase, but I have sells for it.

And it technically reached 70 a few days ago on Bittrex before it came down to 54~

I'm not fudding, I'm just warning newfriends about this one coin. There's a reason it only goes up in the dead of the night over like 10-20 minutes and then drops down a bit. They bots pump it like crazy, then build buy/sell walls in a range they want people to put orders, and then they sell their stock they bought up into those orders. When they want more stock, they sell like crazy and crash the price downwards so they can get more, or just leave the market alone and LTC will lose value. Protip: Without the whales pumping, LTC always goes down in value over time. People are constantly trying to get out of it and into other coins.

LTCs best use right now is being a fast coin that can transfer from Coinbase/GDAX into other exchanges, and then transfer back so you can cash out in FIAT. I bet if GDAX put up a bunch of other fast coins with decent volume, LTC would die hard with normies. In fact, BCH is coming to GDAX/Coinbase in January, so maybe that will do some serious damage to it.

Not everything that's negative is FUD, Litecoin has some serious sketchy shit going on with it. Just play other coins, especially since the market is heading towards anonymous blockchains.

>ltc