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RE: Litecoin Cash - A Fork Coming Soon !! [crypto-currency]
"So far there are no future pricings for LCC, but if we go off Litcoin's price of $160, and holders of LTC will receive 10 LCC for every 1 LTC, that puts each Litecoin Cash coin at around $16 US Dollars. "
That would be a good guess if LTC diluted 10:1. However, a lot of people are using LTC and nobody is using LCC. To estimate the price you would have to find the level of LTC that matches the demand of LCC at launch and divide that price by 10.
Thanks for the smart input @samuel-swinton as I was just assuming this to be more like a stock split, but your response makes much more sense, therefore I imagine LCC being more at $1.60 than $16 as I stated above. Thanks again.
That's a similar proportion of ETH to ETC so you are probably right.