It may be time to buy some LTC again. Here’s why. The golden rules for altcoin trading.

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Litecoin price in BTC on the btc-e exchange, for as long as can remember. We are at about all time lows.

This blog post is a glorified (with some images and minor changes) copy pasta of my post on /r/cryptomarkets.

LTC – how low can it go? It might be time to take a shot with LTC for a potential bitcoin profit.

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Past performance is no indication of future…oh whatever. Let’s get some LTC. 1) it’s old 2) its inflation rate is very slow 3) it’s not bitcoin 4) historically speaking, this is an OK price.  5) LTC enjoys special status in the cryptocurrency world as a secondary market, and should always be watched out of the corner of one’s greedy eye.

I have done this with LTC a few times – the best of which was last November. Priced in BTC, it is now near parity with DRK and below .01 … which isn’t far from the price I think I paid for a bunch of LTC right before the boom in November, when I started writing about trading in /r/cryptomarkets with “the golden rules for alt trading.”

One thing that makes LTC different from other scrypt alts is its very slow ditribution – it’s just as slow as bitcoin. To me, that makes it still attractive as a swing trade, because big investors are probably thinking about it. What do y’all think?

BTW, just looked. I decided to buy lots off LTC last year at .008, and it’s not far from this mark. I wrote the golden rules to this sub from a 5-star hotel (I don’t stay in those) thanks to that trade. Good times…

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Posted in Bitcoin, Electronics and Engineering, Physics and Mathematics, Stuff

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