Quote from: Salmon1989 on July 07, 2014, 05:11:05 AM

Quote from: 42246709215 on July 05, 2014, 11:02:51 PM

LTC seems to have nearly 50 Million $ while BTC just ca. 10 Million $ of that AGG Trading Volume.
I am confused. Does it mean, LTC is traded 5 times as much as BTC ?
And what is the cause ? What is happening with all the Litecoins ?
Is this just speculation ? How can one find out how many coins of a currency are spent for goods and services ?

Here is another site providing exchanges' data:

http://www.cryptocoincharts.info/v2/coins/show/btc
"Trading volume of all pairs for this coin 9,625.41 BTC"

http://www.cryptocoincharts.info/v2/coins/show/ltc
"Trading volume of all pairs for this coin 48,257.87 BTC"

So, the ltc trade volume is still at about 5x of the btc trade volume.
But, you can see most of the ltc trade volume is in LTC/CNY trade in OKCoin, which has been accused of faking trade data for a long period time. Cheesy

Strange litecoin with 5x more trading volume than bitcoin. Maybe people panic dumping litecoin, while others buy waiting for a reversal. Maybe market manipulation. Or maybe just Sunday abnormality, people tired of the flat rate of BTC and waiting something to happen to buy or sell.

Anyway I'll keep an eye on that