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

[que91]

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

[Kaamio]

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!

[Ayers]

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

[nydiacaskey01]

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.

[mrfreezeh]

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

[lukaexpl]

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 ?
.

Thank you for that. Such an enlightening post. Wish there was more of you around these forums.

[Pab]

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

[EthBooks]

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.

[steelboy]

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 ?
.

Thank you for that. Such an enlightening post. Wish there was more of you around these forums.

Yep, boss levels. Thumbs up

[Pattberry]

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.

[letsgoman]

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.

[sanbashiyi]

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

[Abricotier]

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.

[shyliar]

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

The LTC foundation did hire a full time developer. I understand that Charlie is paid one LTC a month as Managing Director. I haven't read anything to indicate that he receives more than that amount.

https://litecoin-foundation.org/finance/

Edit: It would be interesting to know how much the Ethereum Platform developers are paid (including summer bonuses) as well as the many ICO developers. For comparison purposes.

[niceli]

I am guessing some hype is also due to the MIT announcement?
http://litecoin.mit.edu/

[aoluain]

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 ?
.

Oh yes I have seen the Lite for sure
and Im still looking at the lite as it shines brighter and brighter 

Great post above, everything you need to know about litecoin in one post.
this should be stickied somewhere for all to read and get into.

[Chef Ramsay]

Good points already listed but it should've been obvious that once the segwit signaling chatter was going on that a breakout was imminent. Told everyone in the past ltc threads, when it was in the $3 range, that they better stack up. Congrats to those that payed attention as your profit margin is magnificent and up we go. Bitcoin is going to be the wealth storage protocol while Litecoin will become the transfer payment method of choice and will rival Dash and Eth going forward. Between now and the end of the year: the stairway to Heaven has opened its pearly gates.

[jbl888]

Also Clif High has predicted big gains in LTC the remainder of this year while ETH sloshes a little due to it being overused for ICO's

Check in on the latest on Twitter:  @Clif_High


Or his website halfpasthuman.com for Wealth Reports each month (sometimes more often) for $99


Clif has personally made me a fortune and we're just getting started with Cryptos ...



 

[grapevin]

just sold ltc $51.50
will buy again lower

[PoolMinor]

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

I said earlier this year we would get to $75 by the end of the year.
https://bitcointalk.org/index.php?topic=658541.msg17444324#msg17444324
It may come earlier than previously anticipated.


Classic Cup and Handle formed. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation