my theory is that litecoin is being pumped (like many other times before) mainly by Chinese whales.
- We already know their biggest exchanges only have BTC and LTC
- These big exchanges have been out of business because of PBoC
- But they recently came back to work strongly than before
- Chinese volume is already up, for example OkCoin has the highest volume in LTC market right now
- the second rank is Huobi again in LTC/CNY market
- 5 out of 10 top vol is in LTC/CNY
with these factors i say we are in for a ride of our lives. price can easily go up to the ATH of 0.032
BTC and this time litecoin can easily be worth $50 in less than 3 days.
what do you think?