Why?


Litecoin is over 3 years old and still enjoys user adoption increasing every day by small merchants. You know, there are many people here that believe in the inherent value of cryptos well beyond its worth, which is something apparently that escapes your grasp.

Just for your edification, the reason LTC is down so much is because of Chinese exchanges. They play God with the price of cryptos with leveraging, shoring the hell out of BTC and LTC. It allows people to short and at some point they must be called/paid back. The significance of this is that those traders see LTC as a backup, therefore liquidating their LTC to pay for BTC shorts that didnt fare well.

At the end of the day, we see a reduced percentage of LTC worth versus BTC. And not just that, LTC price is also anchored to BTC.



/sigh