Panic. Now litecoin

More recently, an article appeared that the price of bitcoin reached $ 100 . But cryptocurrency did not calm down on this.

This post is not a call to buy litecoin. It is purely narrative in nature. All further happens exclusively within the framework of one exchange.

Just yesterday morning, the cost of one litecoin was 20-23 rubles. On the evening of this day they were already at 45-48. Everything in shock is in the chat, they write off other absurdities on April 1. On the afternoon of April 2, they settled on 60 rubles, but ...

Litecoin exceeded $ 8.5 million. In less than a day, $ 5 million was reported. On April 1, there was only $ 2.1 million.
Why such a leap? My opinion is speculation and the desire of people to cash in on litecoin, since they missed the growth of bitcoin. They began to spread the rumor that since bitcoin had grown so much, then all other cryptocurrencies should also crawl up sharply. In this regard, the number of users has increased dramatically, which entailed a huge influx of money and even greater demand for litecion.

The most horror happened from approximately 19:30 to 22:00. The number of guests exceeded 10,000. The number of registered online users reached 5,000. According to the administration, DDoS began. The site is down. A second before, the price of litecoin was already about 88 rubles apiece. The operation of the site intermittently restored. Many did not have an account transfer. Chaos reigned. Instant buying began, no one was looking at prices. Literally in 3 minutes, the cost jumped up to 150 rubles. They lost their nerves, in their head, tripping over each other, running thoughts: “What to do? What will happen next? Drain or wait? ” At this point, the sale offers were almost exhausted, there were orders with the amount from 200 to 500. Nobody wanted to sell. After about 10 seconds, the first offers of 140 appeared, after which the cost began to fall. For some time, the price ranged from 120 to 140. We recall yesterday morning - 20 rubles. An increase of 650% in two days. In mind, count the number of lost apartments and cars. Our eyes fall again on current offers. We wait. Another leap, this time flying down. A half-minute drain to 90, we delay for a couple of seconds, re-purchase and flew up. We blow off the gray hair that has fallen from the table, they will no longer be useful to us. After 20-25 minutes, the exchange begins to work quickly and without failures, everything is back to square one. Here is a graph with a jump in numbers: delayed for a couple of seconds, re-purchase and flew up. We blow off the gray hair that has fallen from the table, they will no longer be useful to us. After 20-25 minutes, the exchange begins to work quickly and without failures, everything is back to square one. Here is a graph with a jump in numbers: delayed for a couple of seconds, re-purchase and flew up. We blow off the gray hair that has fallen from the table, they will no longer be useful to us. After 20-25 minutes, the exchange begins to work quickly and without failures, everything is back to square one. Here is a graph with a jump in numbers:

At the moment, the exchange rate is 133-136 rubles per litecoin. The maximum sale is still at 160. The sales volume of LTC / RUR on this exchange is 198,711 LTC / 15,318,008 RUR.

What will happen next? Unknown Such inadequate price increases could well lead to a fall. If the rumors are confirmed, the MtGox exchange will start supporting litecoin and prices will soar again 3-4 times from the current state. If not, then most likely - a collapse, because such growth is not supported by anything.

PS If, after reading it, you suddenly decided to buy litecoin, and the rate drops sharply after your purchase, you should not blame anyone except yourself.