Litecoin - Any big development news

[samy_voc]

Litecoin has gone recently and today it reached 150 a major milestone.

Any big news of it that caused the momentum or is it the bull run for the al coins since BItcoin had a correction.

[Geenstijl]

It was very undervalued in relation to BTC. I guess that's all. I don't think that -8% in BTC price could be considered as correction. It will be very local and fast. The main correction will happen in few weeks imo

[andohyeb]

Litecoin is a stable currency I know. No big development news yet is stable and people have more faith in it.

[TimtheYoutuber]

I just dont think the technological differences is enough to really make it competitive to bitcoin. Bitcoin is bitcoin, so it is going to be hard to compete against it. For that reason, I am not invested. However I am keeping up on the project.

[pitiflin]

Litecoin has gone recently and today it reached 150 a major milestone.

Any big news of it that caused the momentum or is it the bull run for the al coins since BItcoin had a correction.

There is a new agreement between litecoin and steam, steam is going to accept litecoin as a mode of payment. This news has been awaited for long and a lot of people invested in litecoin a few days ago..
Edit :- You can only buy steam vouchers with litecoin it seems. But still it's a big news.

[faragly]

Litecoin has gone recently and today it reached 150 a major milestone.

Any big news of it that caused the momentum or is it the bull run for the al coins since BItcoin had a correction.

I think the move went up after this tweet from Charlie - https://twitter.com/SatoshiLite/status/938897412151586817

[askmecrypto]

Lightning Network is pretty big development news concerning Litecoin.
On top of it, there are tweets from Charlie Lee about pushing out the LTC promotions.
This is just the beginning for LTC, if you are not on the ride, you may consider it adding to your portfolio (but only in long term).

[cryptokrazy]

LTC was long overdue for a rally!

[qazgroup]

I think lite coin will continue upward price trend but slow and steadily as the track record says, major price movement is expected to happen after the halving.

[suzanne5223]

There's no much news behind the litecoin momentum increase in price than the bitcoin transaction congestion and if you check the coin cap market closely you see that Ether is also making a huge move either.

[99th]

Do any of you think that litecoin can reach 1k in the near future? Is that totally absurd or reasonable? I am wondering because it pretty much doubled in the last few days and bitcoin went 10 fold since June. Could litecoin be the next best investment given its large amount of room to climb?

[bit-freedom]

Do any of you think that litecoin can reach 1k in the near future? Is that totally absurd or reasonable? I am wondering because it pretty much doubled in the last few days and bitcoin went 10 fold since June. Could litecoin be the next best investment given its large amount of room to climb?

IMO yes, I think LTC will reach $1000 in the future, but that should take years. With Bitcoin price going up, most altcoins will follow.

[Nevzat]

Lite coin is on a good status already. People who invested in it almost multiplied their money . Lite coin definitely have bright future ahead.

[Nadia_l]

I think LTC is still very undervalued in relation not only to BTC, but to the DCC, BTG, ZEC, XMR, DASH etc.
LTC was always the edge-cut technology and was one of the first to conduct the atomic swap.
Charlie Lee will be interviewed on CNBC's Squawk Box (12/11/2017) so we could expect the new rise of the price)

[VarDiff]

I think LTC is still very undervalued in relation not only to BTC, but to the DCC, BTG, ZEC, XMR, DASH etc.
LTC was always the edge-cut technology and was one of the first to conduct the atomic swap.
Charlie Lee will be interviewed on CNBC's Squawk Box (12/11/2017) so we could expect the new rise of the price)

Have same feeling last few years.
Litecoin team implemented many Bitcoin features earlier. Very stable price and community
All the Litecoin need is a bit of marketing (maybe) and partnership with any really HUGE world brand.

Like NEM partnership with WeChat that was announced a few days ago.

But even without such kind of news, I believe that LTC price will increase. Long live Litecoin

[FrueGreads]

Litecoin has gone recently and today it reached 150 a major milestone.

Any big news of it that caused the momentum or is it the bull run for the al coins since BItcoin had a correction.

As far as I know, the litecoin network didn't get any new developments. Charlie Lee has been showing up in more YouTube channels, so maybe awareness is increasing. Coinbase is also getting a large number of new users, and i you check coinmarket cap, 26% of LTC trading was done on Gdax, so maybe some of those users are coming into LTC as well. I also think LTC is undervalued, so I'm not surprised by this price movement. Finally futures is coming in, and I think that sometimes people use LTC to protect themselves against possible decreases in BTC price.

[alyssa85]

Litecoin has gone recently and today it reached 150 a major milestone.

Any big news of it that caused the momentum or is it the bull run for the al coins since BItcoin had a correction.

It's the bull run that is causing it. Coinbase (which is where most noobs sign up) only offers bitcoin, litecoin and ethereum.

If you are a noob just looking at price, litecoin seems "cheap". Bitcoin is about $14,000, Ethereum is at $462. Litecoin is at $144 - therefore it is the "cheapest" and people are buying.

I expect if coinbase offered Doge, all the noobs would buy that thinking they got a fantastic bargain!

[NoiseBoy]

I think lite coin will continue upward price trend but slow and steadily as the track record says, major price movement is expected to happen after the halving.

The next LTC halving won't be until August of 2019...

As to the OP, I don't think there have been any changes in the fundamentals, this is just more madness of crowds.

[Alns]

Exactly, that is not a correction, and litecoin has always been undervalued, and that is the only reason of why it has been going up too.

A lot of people switched their funds to LTC only because you can send transactions faster and cheaper than with btc.

It was very undervalued in relation to BTC. I guess that's all. I don't think that -8% in BTC price could be considered as correction. It will be very local and fast.

And how do you know that? I dont think that a real correction is going to come in a few weeks, bitcoin has already touched $12800 today, but it is back on the top again ($15k)

he main correction will happen in few weeks imo

[renes]

No, I think there is no such big news. It is just eating bitcoin now. You most know agar.io game, we all know that when a cell grows so much what happens to that cell and other little ones in the game