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.
Absolutely loving the ltc movement atm,but i've not traded it at all for a while... really want inand kicking myself for missing the 29.2 entry yesterday lol. Looks like its gonna head higher now before an even bigge retrace, to me. What are your thoughts?
LastBattle
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I think by tomorrow it might head to 36, and if BTC continues its inverse H&S rally that'll keep going on too. :)
HerSerenity
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"Its speculator's best tool for the fastest profit in cryptocurrency." this, and nothing else. Even if you stick to trading the smallest and safest waves only (6-7 minutes), with proper leverage you'll make more than BTC offers in swings in a whole day.
MarvinMartian
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Where do you trade?
HerSerenity
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OKCoin.cn 3:1, 90 BTC gambling money on 796.com for 10:1/20:1 futures on strong signals (made over 50 BTC on the recent bump, it's pure madness)
SunnyBTC
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did you earn your way to 3:1 leverage on okcoin or are there any cheaty shortcuts?
HerSerenity
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I'm VIP5 for quite a while as I have a large daily volume but you can contact them to buy a Golden Account which has the same advantages (though I have no idea of the cost, the only person I know of got it for free).
HerSerenity
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And, of course, there's still futures on .com which pretty much do the same job.
MarvinMartian
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How do you calculate your profit when buying on a spread? Do you have an app or program, or do you just use a personal spreadsheet?