Early signs of correcting back down after the recent burst growth in the last few days- possibly a copy of what happened when LTC went live on BTC China
This is great news for anyone interested in trading LTC/BTC which recently has seen a rise to 0.03 from 0.027 a few days back.
EDIT: We are now seeing LTCBTC weaken to 0.029 https://litecoinevents.wordpress.com/2014/03/19/ltcusd-drops-below-17-50-and-ltcbtc-drops-below-0-285/
It currently has a 0% mining fee and is offering double rewards from 2PM GMT today for one week.
As we saw in a recent analysis of LTC/BTC, 0.025 seemed to be quite low. Well after the news that Huobi will list LTC we saw a rise in LTC/BTC to 0.027 today. This is an 8% rise which comes after a long lull in the rate.
This morning it would have cost your ~40LTC where as now it costs you ~37LTC to purchase 1BTC. LTC has got stronger compared to BTC.
Alongside this 8% gain in LTC/BTC, LTC outperformed BTC which only rose $1 today as of now, a marginal amount when BTC is currently $632 vs LTC’s $17.