I've read here and there that on Reddit and other online sources that the Chinese own like 40% of the LTC currently. I'm not sure if that equates to them being buyers, but if 40% is the number, that is a good chunk of LTC. Also, that 40% I don't think is backed by any legitimate source, but a couple banks in China do show high volumes of trading going on.
RE: [Litecoin] Day #20 | Mining results
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[Litecoin] Day #20 | Mining results
That may very well be true. China has a very big influence. Not only in the crypto market but also in the world economy. In China you have some very big mining farms. I saw some vids on Youtube and they are huge. I wouldn't be suprised if the mining farms, like the banks, hold a big share.
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