The reason why light coin still grow because light coin has prove to be one of the most stable vertual currency and most of investors and user are believed.
Light coin is provide a faster and more efficient payments system than bitcoin,which has its value considered more as an investment than a currency.
Light coin are still up one of the best performing cryptocurrencies.
Topic: The reason why litecoin is growing (Read 409 times)
Maybe this is the time for litecoin have some increase over BTC so lag behind altcoin and ETH.
Litecoin is still growing because litecoin transaction is faster then any another coins like bitcoin and ethereum so that it is growing
LTC has been sold by its founder, and I have lost confidence in this token. Maybe I will never buy LTC again.
I have read several articles claiming that Charlie Lee sold all his lite coin. If this information is correct, then maybe litecoin will not be developed anymore. I think the value of it will go down
He did sell his litecoin but not because he is abandoning the project. Or because the project won't be developed anymore. He said recently that he did not want to be accused of influencing the price for his profit with his tweets: https://www.youtube.com/watch?v=Geiwb63nMYw Don't know if that is the only reason though.
I have read several articles claiming that Charlie Lee sold all his lite coin. If this information is correct, then maybe litecoin will not be developed anymore. I think the value of it will go down
The main reason is transaction speed over BTC and Ethereum and nothing more.
LTCs transaction speed vs BTCs
The amount of uses LTC has as a dominating Crypto
The amount of uses LTC has as a dominating Crypto
Litecoins are widely recognized, acknowledged, and accepted as a currency will likely surge in value as a result. If more merchants and online platforms such as Steam continue to integrate Litecoin, and casual users in the cryptocurrency market begin using the cryptocurrency for smaller payments, Litecoin could compete against other cryptos in the short-term to evolve into an alternative to bitcoin.
For the past few days we see Litecoin consistently in the top 5 most traded crypto currency in the market though most of its feature were already common in other crypto currency such as Fast confirmation time and lower price than BTC but the advantage for litecoin so far is being featured in some financial tv network which boost awareness of other people how Litecoin works. Social awareness and commercial ads was one of the main reason why LTC was keep growing and growing
So litecoin is continueing to grow after some people believed it would drop back, its at 350+ dollar at the moment and highly expected to reach 500 dollar in 2017
one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:
https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam
Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.
In short:
The recent growth of Litecoin can be attributed to it's massive advertisements and publicity, litecoin is being given massive exposure and some people belief that the recent surge in the price of bitcoin will also occur with litecoin thus many investors are pumping in funds into litecoin also it easier to buy a whole litecoin than fraction. one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:
https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam
Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.
In short:
So litecoin is continueing to grow after some people believed it would drop back, its at 350+ dollar at the moment and highly expected to reach 500 dollar in 2017
one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:
https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam
Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.
In short:
i hear that charlie lee are sell all his litecoin to the market. i think it will make litecoin become worse and it would be good chance for new investor to buy and hold. one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:
https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam
Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.
In short:
So litecoin is continueing to grow after some people believed it would drop back, its at 350+ dollar at the moment and highly expected to reach 500 dollar in 2017
one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:
https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam
Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.
In short:
Actually that happened due to dump in altcoins market , after increase in the speed market of bitcoin , people started to buy those 3-4 years high potential coins , And as we know that in field of cryptocurrency field we have many high potential coins like monero , Etherium , dash , Etherium classic , Digibyte , xvg , doge litecoin etc all these coins are high potential coin and each coin rise by atleast 40%+ ( we can see in past graph of this week , where net increase in up of graph of market of these coins ) .one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:
https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam
Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.
In short:
And why this happened we comes to know easily that , due to increase in bitcoin's price , many people started to make investment in better coins , so that they can make big profit easily .
People buy litecoin, because it officially took steam, they abandoned bitcoin, for the sake of speed of transactions. Litecoin corresponds to this.
Here's an article I came across yesterday that speculates why Litecoin might reach $1500 in 2018.
http://www.ibtimes.com/why-litecoins-price-will-hit-1500-end-2018-2629714
I totally agree with it. Bitcoin is like gold that you store away to sell for a profit one day. You don't transact with gold at the supermarket. But Litecoin is much faster and cheaper than Bitcoin and therefore a more day-to-day currency. I can totally see it gaining more traction as day-to-day cryptocurrency spending becomes mainstream. Many people use it already to send funds between exchanges. MUCH cheaper and faster than Bitcoin.
With that said, it has a few competitors like Bitcoin Cash. It's going to be a race to see which one wins.
http://www.ibtimes.com/why-litecoins-price-will-hit-1500-end-2018-2629714
I totally agree with it. Bitcoin is like gold that you store away to sell for a profit one day. You don't transact with gold at the supermarket. But Litecoin is much faster and cheaper than Bitcoin and therefore a more day-to-day currency. I can totally see it gaining more traction as day-to-day cryptocurrency spending becomes mainstream. Many people use it already to send funds between exchanges. MUCH cheaper and faster than Bitcoin.
With that said, it has a few competitors like Bitcoin Cash. It's going to be a race to see which one wins.
- problem with litecoin is price and now we see it’s going up.
- many start thinking to invest in bitcoin.
- High Bitcoin price will growth all altcoins.
- low fee and confirmation time
- many start thinking to invest in bitcoin.
- High Bitcoin price will growth all altcoins.
- low fee and confirmation time
I couldn't find any strong reason behind the recent pumping, simply unnatural. I've heard this from few people, it is also pumping. You might buy it and take the opportunity.
Apart from being valid comment for about 1000 other coins
I think you've overlooked the reasons stated here, the history and the recent events. Its gained prominence because its stepped into fulfill Bitcoin's original role as currency (cf Steam ). It's available on entry exchanges like Coinbase, and doesn't have the delays and fees. If you take a longer view on LTC/BTC its actually just catching up with previous levels in the summer 
So litecoin is continueing to grow after some people believed it would drop back, its at 350+ dollar at the moment and highly expected to reach 500 dollar in 2017
one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:
https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam
Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.
In short:
they spread free ltc that's why it grow and good developer of coins like btc and eth.So we need to monitor it also like eth now because it keep growing little by little,i think in the future it will be like eth also it's focus in simplicity and low current usage to do transaction,There's a lot possibility in ltc all we need to do now is save some now then wait this in the future to grow.I think always update in news about ltc then if the coins will not go well like the price is go down don't panic in that time because it's already trusted coins like btc and eth. one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:
https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam
Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.
In short:
litecoin has a bad trackrecord of breaking the worst when hitting all time high rates... though it has potential background.. still it has physcological problems of investors... because its considerd as crpyo silver and we all know that people dont give much importance to silver than gold in the real world and crypto world....
Yet silver is the metal many will recognise as being day to day currency, in use upto a few decades ago. Where as gold was only really for asset store or larger transactions for centuries.
Litecoin has always been the understudy to Bitcoin, now its the change to step up while fees and slow transactions keep Bitcoin on its sick bed. Someone asked above how it will compete with Ethereum, the answer is simplicity. Ethereum's USP is the smart contract, when I want to just transfer funds thats usually not necessary and Litecoin (or others) does the same thing.
I can suggest that nowadays Litecoin's price growth has 3 reason:
- 1. technical lead over bitcoin
- 2. fast confirmation time
- 3. lower price than BTC has
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