Long
LTCCNY looking great
Take a look at this volume. The Chinese have completely taken over Litecoin trading. They trade in LTCCNY. They do not trade the LTCBTC ratio. I no longer follow the LTCBTC ratio. It did once drive the price of Litecoin. I remember trading on BTCE before the 2013 bubble. LTCBTC was a big deal back then. Litecoin broke the $10 mark and I knew it would go insane. It immediately shot up to $48. It then slowly drifted back to $1.00.
Very few people in China were trading LTCBTC or LTCCNY in 2013. By 2016, LTCCNY has dwarfed all USD trading and BTC trading. They do not care about the LTCBTC ratio. The average trading volume of LTCBTC in china is 500 Litecoin on BTCC. OKCOIN and HUOBI do not even have a LTCBTC trading pair.
I suggest grabbing all the sub $5 Litecoin you can get while you still can.
On a side note, there is no chart on TradingView for my newest crypto investment.
I actually sold a few of my litecoin to buy some really cheap WAVES. I bought about 20k WAVES under 0.00032
I think WAVES is a really undervalued right now. It is below ICO prices, and there were 30k BTC invested in the ICO. This is not some scrub alt coin. Serious money is invested into this coin. I'd suggest throwing even .5 BTC or .1 if you're looking for a little gamble over the next 6 months. I think it has good chances for a nice return. I will be buying even more if it drops below .00027
Very few people in China were trading LTCBTC or LTCCNY in 2013. By 2016, LTCCNY has dwarfed all USD trading and BTC trading. They do not care about the LTCBTC ratio. The average trading volume of LTCBTC in china is 500 Litecoin on BTCC. OKCOIN and HUOBI do not even have a LTCBTC trading pair.
I suggest grabbing all the sub $5 Litecoin you can get while you still can.
On a side note, there is no chart on TradingView for my newest crypto investment.
I actually sold a few of my litecoin to buy some really cheap WAVES. I bought about 20k WAVES under 0.00032
I think WAVES is a really undervalued right now. It is below ICO prices, and there were 30k BTC invested in the ICO. This is not some scrub alt coin. Serious money is invested into this coin. I'd suggest throwing even .5 BTC or .1 if you're looking for a little gamble over the next 6 months. I think it has good chances for a nice return. I will be buying even more if it drops below .00027
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