[LTC] What are the reason behind recent LTC rise?

[sfa00076]

What are the reason behind recent LTC rise?

[cnmgfb]

Lee is in China promoting the coin

[daniweb]

LTC is a good investment after BTC and ETH. BTC needs to accept segwit and some investors are running to ltc.

[nappoleon]

SegWit, hedge, China and stuff.

[sfa00076]

As a chinese, I don't actually know what china matter that much though

[talkbitcoin]

What are the reason behind recent LTC rise?

why are you surprised

litecoin is a very good coin.
it has an active team developing it and working on it constantly to improve
there is real adoption for it unlike the rest of the altcoins.
you can actually use it as a currency.

and as far as trading it goes, in the past few weeks the price has been stable and holding itself up above the resistance level while the volume was very high and everything was pointing towards an accumulation phase.

and after each accumulation there is a big rise. and this is just the start.

[HatakeKakashi]

I think why Litecoin is still rising because many people buy litecoin for the future purposes. I think this is the right time to buy litecoin because for sure in the next few months it will increase more and for sure the price for sure will be 100 dollars and I uope it will happen so we can make a lot of profit. More litecoin more money to come. Hold your litecoin dont sell it. Litecoin is very promising coin.

[turquaise]

https://twitter.com/SatoshiLite/status/881859938045140994
here is reason of rise but fake news.

[nicolas1979]

What are the reason behind recent LTC rise?

There's supply, demand, and speculation about LTC development. That's good for market but we must see it clearly. News about LTC is pumping price more higher, it's a good sign for investor and trader to buying more LTC. But be careful about news, sometimes right sometimes wrong, that's way using stop loss and patience is necessary. Hope will rise higher than today. Good luck.

[shyliar]

https://twitter.com/SatoshiLite/status/881859938045140994
here is reason of rise but fake news.

I doubt it. Since Charlie announced the news as being false immediately. The author of the news corrected the story. Even the stuff on reddit about Amazon was mocked by the community on the LTC subreddit when a wave of trolls tried promoting the idea (a mod even banned the OP). Frankly, it was the most amature attempt to pump a coin I've witnessed.

[o0‡0o]

It has started to rise because:

• 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 ?
.

[kryptqnick]

I think why Litecoin is still rising because many people buy litecoin for the future purposes. I think this is the right time to buy litecoin because for sure in the next few months it will increase more and for sure the price for sure will be 100 dollars and I uope it will happen so we can make a lot of profit. More litecoin more money to come. Hold your litecoin dont sell it. Litecoin is very promising coin.

I agree with this. As bitcoin becomes harder to use, people wait to switch to litecoin instead. Others just invest, because they hope the price will grow and they will be able to gain some money from it. Segwit and Lee are also good reasons behind the rise. I think ltc is a good one. However, it lacks exchangers. I mean there aren't many websites to exchange it with some fiat.

[coinmore_org]

It has started to rise because:

• It has: https://i.imgur.com/zown1xe.png
• 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

https://i.imgur.com/jSCiBgB.png


https://i.redd.it/qyqtk96d3c3z.jpg

Have you seen the lite ?
.

Excellent and Factual Points!
Litecoin rocks!

[Petpowder]

Charlie Lee started do promote it hard

[niisarearning]

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 .

[Armstand]

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.

[danherbias07]

It has started to rise because:

• 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 ?
.

Nice work. This concludes everything.
I think Litecoin support have really done a good job into keeping in track and updating more of its features.
Surely it is one hell of a bright lite. 
After this, there should not be any questions.

[cryptomia]

BTC needs to accept segwit and some investors are running to ltc.

totally agree. It's a good option for diversifying an investment portfolio

[Red-Apple]

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.

[alyssa85]

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.