perlboy

Litecoin eats Bears Alive

OKCOIN:LTCCNY   Litecoin / Chinese Yuan
Pretty incredible run but not without precedent. Last time we got to USD$9 (we're now at USD$7.5) Litecoin spiked to $50. Many are calling for a retrace, maybe they are right, especially since Bitcoin appears to be hobbled by various political issues in the Dev team combined with a maturity of market that controls the bubble side (ie. it's much more capitalised). Gotta say though, if this started off as a pump and dumpers idea to make a quick buck, momentum appears to have taken over and now who knows where it stops.

Litecoin, 96% down from highs, appears to be rising from the dead with a 300% rise in just 4 weeks. Will it just keel over and disappear from whence it came? Only time will tell. Bitcoin has had 3 bubbles already, Litecoin is on bubble number 2...
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