Topic: Why did Litecoin rise so fast? - page 4. (Read 1830 times)
The reason is that it's the cheapest on Coinebase. Just wait til they list a cheaper coin this coin will also increase.
Altcoins are now pumping together with Bitcoin and one of the reason behind it is Bitcoin is very expensive today so people wanted to invest into Crypto-Currencies in order to experience what Bitcoin does long time ago so Atlcoins is currently on their way to price up their coins like LiteCoin.
Litecoin has a good future like Bitcoin Cash and Ethereum so this 4th quarter is the best quarter for LiteCoin and all also most promising Top Altcoins.
Litecoin has a good future like Bitcoin Cash and Ethereum so this 4th quarter is the best quarter for LiteCoin and all also most promising Top Altcoins.
BTC and Ethereum's transaction speed is the main reason why litecoin rise like a rocket,plus the coinbase .
Here is my take on the Litecoin rise - its not rocket science - I think its multiple things aside from whats just been discussed it' s also
1. global news about bitcoin bringing new investors in looking for a cheaper (faster, higher tech etc) alternative to invest in
2. the american futures market opening up bitcoin options trading means a truckload of investors including savvy institutional investors and those who hold the reins of big investor blocks are suddenly seeing this new associated credibility for an industry that has growth beyond any other sector right now - doing the asseement & reading al lthe articles saying Litecoin is the one that has the most undervalued price.
3. more general crypto traders than ever seeing the rise & jumping aboard.
4. if its been listed on more exchanges that will also be a factor - opening up new markets
Either way its win win for LITECOIN Hodlers
1. global news about bitcoin bringing new investors in looking for a cheaper (faster, higher tech etc) alternative to invest in
2. the american futures market opening up bitcoin options trading means a truckload of investors including savvy institutional investors and those who hold the reins of big investor blocks are suddenly seeing this new associated credibility for an industry that has growth beyond any other sector right now - doing the asseement & reading al lthe articles saying Litecoin is the one that has the most undervalued price.
3. more general crypto traders than ever seeing the rise & jumping aboard.
4. if its been listed on more exchanges that will also be a factor - opening up new markets
Either way its win win for LITECOIN Hodlers
Yesterday Litecoin jumped because it could easily be removed from the Bitfinex exchange, while the output of other crypto currency was difficult. The technical analysis on crypto-currencies is available on the https://freedman.club/en/ . On this site you can see about Litecoin.
Just because now people can buy Steam vouchers with LTC, the news is the main reason:
https://twitter.com/SatoshiLite/status/939179676110536704
https://twitter.com/SatoshiLite/status/939179676110536704
i regret selling my litecoins the past week 
this market is really crazy.
not only litecoin, ETH and other coins had a big spike the last couple days
this market is really crazy.not only litecoin, ETH and other coins had a big spike the last couple days
there many big media interviewed the founder of LTC about btc recently, if the founder become so popular then his coin will follow too.
Charlie Lee was on CNBC, talking about litecoin and blockchain.
So many people knew thanks to the media that bitcoin made so many people rich. So they thought that there would be the first to enter to the LTC market.
Every newcomer went to open an account on coinbase or kraken to buy LTC, that's why the price is completely over valued right now and it will fall in some days.
That's my opinion about the rise, and why coinbase or other platform were overloaded.
So many people knew thanks to the media that bitcoin made so many people rich. So they thought that there would be the first to enter to the LTC market.
Every newcomer went to open an account on coinbase or kraken to buy LTC, that's why the price is completely over valued right now and it will fall in some days.
That's my opinion about the rise, and why coinbase or other platform were overloaded.
it is the same with ethereum, it rises because the supporters of litecoin still believes that this coin will have a future as well as the investors that invests with it.
Litecoin simply served its purpose as an alternative coin. Since bitcoin is rising, making its price difficult to afford, people with low budget gets litecoin because it is cheap and everyone can afford it which makes the demand to increase. That is really what alternative coin is for.
Then that is quite ironic because if LiteCoin keeps growing at this rate, it'll be difficult to afford aswell.
There are four times as many LTC as there are BTC. So it was inevitable that the price of LTC would go up eventually to try to catch up with it's father Bitcoin. Remember now that many big institutional investors are coming into cryptocurrences now, so they would probably make portfolios of all the top cons anyway. That is what I think about this matter in general.
because there is much investor using litecoin and they maybe hold for a long time
Litecoin simply served its purpose as an alternative coin. Since bitcoin is rising, making its price difficult to afford, people with low budget gets litecoin because it is cheap and everyone can afford it which makes the demand to increase. That is really what alternative coin is for.
I agree with you litecoin rise so fast due to it has good investment and fees are good also than bitcoin transactions. Also, litecoin on top altcoins if we could hold today still we can earn. Litecoin is the best investment and still in demand. So you expect Litecoin to go up even more? Because I think there will be a correction very soon and stay at around 250$
Litecoin simply served its purpose as an alternative coin. Since bitcoin is rising, making its price difficult to afford, people with low budget gets litecoin because it is cheap and everyone can afford it which makes the demand to increase. That is really what alternative coin is for.
I agree with you litecoin rise so fast due to it has good investment and fees are good also than bitcoin transactions. Also, litecoin on top altcoins if we could hold today still we can earn. Litecoin is the best investment and still in demand. 
the same reason as other altcoin pumps: bitcoin price is stable once again.
regarding Litecoin it also is because bitcoin is building up a huge backlog of unconfirmed transactions and as a result the fees are rising so fast. that is a known cause for altcoin pumps this year.
additionally there is all the advertisement that LTC is getting these days as being the "better version of bitcoin"! believe it or not it is effective specially when the developer Charlie Lee is super active everywhere specially on Twitter promoting litecoin.
regarding Litecoin it also is because bitcoin is building up a huge backlog of unconfirmed transactions and as a result the fees are rising so fast. that is a known cause for altcoin pumps this year.
additionally there is all the advertisement that LTC is getting these days as being the "better version of bitcoin"! believe it or not it is effective specially when the developer Charlie Lee is super active everywhere specially on Twitter promoting litecoin.
This coins which are also popular and have a lot of investors too cannot be left with just a little exchange to bitcoin.
The value from altcoin to bitcoin should still stay that is why I think they should also rise to make that equal again.
Some are getting nervous because they bought altcoins at a price of .5 bitcoin before and now they are holding it equivalent to only .25 bitcoin. That sucks. Although USD value is larger it is not fair.
The value from altcoin to bitcoin should still stay that is why I think they should also rise to make that equal again.
Some are getting nervous because they bought altcoins at a price of .5 bitcoin before and now they are holding it equivalent to only .25 bitcoin. That sucks. Although USD value is larger it is not fair.
Litecoin simply served its purpose as an alternative coin. Since bitcoin is rising, making its price difficult to afford, people with low budget gets litecoin because it is cheap and everyone can afford it which makes the demand to increase. That is really what alternative coin is for.
I never thought alternate coins have a chance to grow despite of bitcoin's drastic price hike that really hurt alternate currency holders. Since the value of every digital currency is determined by the law of Economics' supply and demand, it's safe to say that Litecoin's rise is due to the demand of people. Lots of investors are pouring in their money on this alternate coin for so many reasons. With that, congrats to Litecoin hodlers by the way. 
But isn't kinda weird that all those investers join litecoin at the same time and not earlier?
i think this is the reason ,Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. According to Coindesk, Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed.
Jump to: