Why litecoin is going up so high?

[samy_voc]

I feel the Litecoin is going high because the validation process of buying LTC is quicker than BTC . These might be the reason people are getting on to it.

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[svobodnyi]

Litecoin is the fork of bitcoin, which is why it began to grow after the bitcoin itself, after a short time, all forks tend follow over bitcoin over time!

Of course, it makes sense to buy them, sooner or later it will grow again!

[NoiseBoy]

Usually litecoin is lot more stable than any other coins. But in couple of days LTC has grown dramatically too high. What could be the possible reason behind it? Is it too high to invest in LTC now ?

1) Very low transfer fees mean it's being used as a currency for cross-exchange transfers.
2) Founder Charlie Lee has been on TV a lot
3) Coinbase/GDAX only offers BTC, ETH, and LTC. Coinbase is the primary fiat ramp for American investors, so they have to choose one of the three and LTC looks "Cheapest" to new investors.
4) It does everything bitcoin does, only 4X faster and two to three orders of magnitude cheaper.
5) Hype, momentum, and the madness of crowds.

[cryptohunter]

is charlie lee a bit weird... i mean he waits years for his baby to pump and get some recognition but straight away is trying to shoot it down.... is there some strange reasoning behind this or just being super responsible?

why when crypto is just going mainstream and getting legitimised would their suddenly be a huge years of bear markets?

I mean barring a black swan event I see no good reason for a limited supply token like btc with increasing interest to not keep rising?

The rising prices and acceptance brings people to crypto and they see other projects like ltc..... supply and demand.

[yannick225]

Bitcoin is very stable, the creator is very active on social media, it's fast, it's old, it's underestimate and Litecoin is often referred to as "the silver to Bitcoin's gold", I think if you love Bitcoin ou must also Litecoin because on the surface, Bitcoin and Litecoin share a lot in common

[elloco4ever]

I feel the Litecoin is going high because the validation process of buying LTC is quicker than BTC . These might be the reason people are getting on to it.

That's one of the biggest advantage of Litecoin over the bitcoin as the transactions are so quick in lightening speed which bitcoin needs to improve and apart from that Litecoin is affordable  even though it's value is sky rocketing but still we can buy more Litecoin than bitcoin or ethreum in terms of investment and nowadays people have started thinking from a broader point of view I mean earlier it was only bitcoin but now it's altcoins which are predicted as next big thing and I am sure Litecoin has a long way to go and the year 2018 will bring many changes to crypto market.

[Jmesser80]

I think there are a few factors, one being that the transaction fees are smaller and transfer times are shorter. I think we will see a price correction but then it will go up again in my opinion. Another coin I wish i had invested in a few months ago, I didnt have the money to invest at the time and am paying the price now but don't invest what you cant afford and I had other bills and things to take care of before investing. Hopefully it corrects some so I can get  in a little lower than it is now.

[Minnie1928]

I researched a coin market. My analyzing brought me the discovery that Litecoin is always following the Bitcoin. Bitcoin growth is causing Litecoin to rise. People are afraid of the Bitcoin stabilization and many investors are turning towards Litecoin. They see some kind of insurance in it and this trading is making Litecoin price higher. It won't last for long and I think that in the next year Litecoin will fall in the value.