Topic: [LTC] What are the reason behind recent LTC rise? - page 2. (Read 3427 times)
For me it is because of Charlie Lee's awesome work for the coin. He truly is a nice guy, totally dedicated to its creation and investors saw that he will be pushing something good to Litecoin at some moment or another.
Lee is in China promoting the coin
yes this is the main reason , Lee is the dev of litecoin and he pay his fulltime to dev the coin now
I believe Litecoin will be 3 digits soon and will compete with ETH easily. I've noticed during today pumps some were already moving their ETH to LTC.
LTC is a good investment after BTC and ETH. BTC needs to accept segwit and some investors are running to ltc.
That is not the case with the increase in price,basically the Chinese exchanges have to do with the rise in price,check out the volumes coming from the Chinese and Korean exchanges because 49 percentage of the litecoin volume is coming from three exchanges. 
It has started to rise because:
Have you seen the lite ?
.
- It has:
- Google the Litecoin roadmap 2017 or https://litecoincore.org/
- Litecoin is releasing the lightning network soon
- Smart Contracts are coming to Litecoin
- Anonimity is coming to Litecoin in steps beginning with the amount sent obfuscation
- Atomic swaps is coming (like shapeshift but without needing to use shapeshift)
- "Tether will be issuing USDT on Omni on Litecoin"
- MASK (Demo imminent any minute)
- It is decentralized
- Fair release, many appreciate the fact of no ICO, Premine, Instamined, Nijamined.... Litecoins
- Neither Charlie Lee (the creator) or the developers hold the majority of coins (eth is being held 75% by creator and devs)
- There is max 84 million Litecoins and no more. Ethereum, Doge, Infinitycoin..... have an infinite supply
- There is no risk of forking the network (like with ethereum or bitcoin)
- Low fees to send money around
- Liquidity, volume has remained high month after month for years
- Charlie gone "all in"
- The community is awesome it also helps when consensus is needed.
- Telegram chat 24/hr awake
- RSK
- Yours.org
- Bitgo added Litecoin (A Billion Dollar e-commerce)
- No Blockchain bloat
- Stability
- Fast confirmation times.
- Blocks are not full
- Capable of eight times as many transactions as Bitcoin in a ten minute period.
- The faster block time of litecoin reduces the risk of double spending attacks.
- Anti-spam
- It's primary function is to be a cryptocurrency
- Continuous development look here at number of releases in past few years: https://github.com/litecoin-project/litecoin/releases
- The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
- Still mineable in many western countries even after electrical costs are factored in. Many low value coins can be merge mined with it increasing profits for miners.
- It will always maintain the integrity of the blockchain (no hard forks for special interests).
- Potential of using the Lightning Network as a method of increasing transactional capacity.
- Supported by a growing number of merchant payment processors.
- Longevity
- The possibility of utilizing sidechains for smart contracts without the possibility of corrupting the original non-turing complete blockchain.
- Unlike bitcoin, it is possible to make changes to Litecoin (SegWit archived almost 100 percent consensus).
- Fast well established network.
- Security. Litecoin has the same security that Bitcoin
- Most popular 24h trade on shapeshift is ETH -> LTC
Have you seen the lite ?
.
Thank you for that. Such an enlightening post. Wish there was more of you around these forums.
Yep, boss levels. Thumbs up
China Remains Quite Bullish on Litecoin. Chinese traders are mainly interested in Litecoin, by the look of things. In fact, the LTC/CNY trading market is generating an increasing amount of volume, which is quite remarkable.
Great update post above,i can also add that uk online wallet ecopayz is accepting ltc trough gocoin,You can order ecopayz plastic card free and virtual 10euro fee.Very good service
It has started to rise because:
Have you seen the lite ?
.
- It has:
- Google the Litecoin roadmap 2017 or https://litecoincore.org/
- Litecoin is releasing the lightning network soon
- Smart Contracts are coming to Litecoin
- Anonimity is coming to Litecoin in steps beginning with the amount sent obfuscation
- Atomic swaps is coming (like shapeshift but without needing to use shapeshift)
- "Tether will be issuing USDT on Omni on Litecoin"
- MASK (Demo imminent any minute)
- It is decentralized
- Fair release, many appreciate the fact of no ICO, Premine, Instamined, Nijamined.... Litecoins
- Neither Charlie Lee (the creator) or the developers hold the majority of coins (eth is being held 75% by creator and devs)
- There is max 84 million Litecoins and no more. Ethereum, Doge, Infinitycoin..... have an infinite supply
- There is no risk of forking the network (like with ethereum or bitcoin)
- Low fees to send money around
- Liquidity, volume has remained high month after month for years
- Charlie gone "all in"
- The community is awesome it also helps when consensus is needed.
- Telegram chat 24/hr awake
- RSK
- Yours.org
- Bitgo added Litecoin (A Billion Dollar e-commerce)
- No Blockchain bloat
- Stability
- Fast confirmation times.
- Blocks are not full
- Capable of eight times as many transactions as Bitcoin in a ten minute period.
- The faster block time of litecoin reduces the risk of double spending attacks.
- Anti-spam
- It's primary function is to be a cryptocurrency
- Continuous development look here at number of releases in past few years: https://github.com/litecoin-project/litecoin/releases
- The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
- Still mineable in many western countries even after electrical costs are factored in. Many low value coins can be merge mined with it increasing profits for miners.
- It will always maintain the integrity of the blockchain (no hard forks for special interests).
- Potential of using the Lightning Network as a method of increasing transactional capacity.
- Supported by a growing number of merchant payment processors.
- Longevity
- The possibility of utilizing sidechains for smart contracts without the possibility of corrupting the original non-turing complete blockchain.
- Unlike bitcoin, it is possible to make changes to Litecoin (SegWit archived almost 100 percent consensus).
- Fast well established network.
- Security. Litecoin has the same security that Bitcoin
- Most popular 24h trade on shapeshift is ETH -> LTC
Have you seen the lite ?
.
Thank you for that. Such an enlightening post. Wish there was more of you around these forums.
I expect somewhat massive dump after it reached alltime high today. Investors are pulling out the profits now. (Me including 
) Definetly gonna buy back after it corrects! LTC has bright future!
Good job! Sell and take profit first help we take safe place to waiting the price fall down, today just is memes buying because more group trade notification member the price LTC can reach to 0.03 BTC soon, I will wait the market calm and the evolution of BTC before buying LTC again ) Definetly gonna buy back after it corrects! LTC has bright future!
I was surprised to when I see LTC trending up and I thought at 0.019 BTC will not last thinking that this is just temporary or someone is just pumping this coin again but looking at it, its there for half a day already and may reach 0.02 BTC if volume continues to rise. While this coin is making its way up, ETH is going to another direction.
Lee is in China promoting the coin
this is right, but segwit is what made china buy more litcoin, this and bitmain releasing a new antminer for litecoin, is known that miner promote the altcoin they mine, they also buy the altcoin they mine, there is a huge promotion right now for litecoin, and this increase the value
I expect somewhat massive dump after it reached alltime high today. Investors are pulling out the profits now. (Me including ) Definetly gonna buy back after it corrects! LTC has bright future!
) Definetly gonna buy back after it corrects! LTC has bright future! What are the reason behind recent LTC rise? 
Some news say LTC can reach 3 digits (USD) in September with some reason can't disclosure. But they sure 100% LTC will reach three digit USD in long-term and can compete with ETH in next time, this is the news I know in 3 days ago, before the price rasing up
Speculators are rotating out of Ether into Litecoin. See
https://www.reddit.com/r/litecoin/comments/6l5ueb/eth_ltc_most_popular_24h_trade_on_shapeshift/
Most likely because of Eth's network congestion problems.
https://www.reddit.com/r/litecoin/comments/6l5ueb/eth_ltc_most_popular_24h_trade_on_shapeshift/
Most likely because of Eth's network congestion problems.
Charlie Lee started do promote it hard
at least there is something to promote! they are not "hyping" or lying about the coin. Litecoin actually has some potential specially with all the additions they did. i wanted to say what @o0‡0o said above but he did it so much more complete than me.
and after years i finally feel good about investing in an altcoin and actually holding it not just wait for a couple of days to dump it like all the rest of them so far.
BTC needs to accept segwit and some investors are running to ltc.
totally agree. It's a good option for diversifying an investment portfolio
charle lee joined litecoin from leaving coinbase on joined ltc . In crypto world everything is depending on speculation if any good news coin will rise value if any bad news it will decrease and also ltc is oldest coin so people are believing .
Right once someone who seems popular promotes it ,surely fans or supporter of it will really adopt what they chose. So China is the reason of this pump, poor me I don't have any LTC left I don't see it coming.
charle lee joined litecoin from leaving coinbase on joined ltc . In crypto world everything is depending on speculation if any good news coin will rise value if any bad news it will decrease and also ltc is oldest coin so people are believing .
Charlie Lee started do promote it hard
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