Quote from: rikkejohn on August 11, 2014, 11:46:38 PM

Quote from: flipstyle on August 11, 2014, 11:37:29 PM

Wow, I haven't really kept up with the BTC/LTC market in awhile, but checking the charts today pretty much shocked me. Last I remembered it was surging up towards the 12 dollar market and all signs were pointing to bullish. The 365 day chart does not look good...at all.

Is there some particular news that is triggering this massive downward slope? And are any of you guys getting in now, or do you feel we might see another return close to 4 dollars like we saw late last year? I'm soooo tempted...but man, I've already been burned so many times in this altcoin game.

I'm in LTC, and don't judge it on its $48 high, which was a pump on the back of the Karpeles BTC pump.

In my mind, LTC was a $2-4 coin, so this price is high. I can see it dropping lower, but I expect it to reverse its decline against BTC.

So if you're a BTC holder, and not selling for cash, LTC looks like a good bet, even if it does still have some more little dumps.

Appreciate your analysis...I'm pretty much right there with your sentiments. If it drops to down below the sub 5 dollar mark, I think I might just dip right back in and hold for a bit.