Why did Litecoin rise so fast?

[wklt2002]

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$

[Dasvoni]

because there is much investor using litecoin and they maybe hold for a long time

[qiman]

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.

[wklt2002]

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.

[iBlitz22]

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.

[Blakscorpion]

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.

[johnleo]

there many big media interviewed the founder of LTC about btc recently, if the founder become so popular then his coin will follow too.

[sabrikks]

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

[mineSo]

Just because now people can buy Steam vouchers with LTC, the news is the main reason:
https://twitter.com/SatoshiLite/status/939179676110536704

[Kenter.Dic]

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.

[JayFKay]

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

[cryptomngr]

BTC and Ethereum's transaction speed is the main reason why litecoin rise like a rocket,plus the coinbase .

[paloloy]

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.

[Freddoe]

The reason is that it's the cheapest on Coinebase. Just wait til they list a cheaper coin this coin will also increase.

[paloloy]

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.

[paloloy]

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.

[onrise]

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

The main reason due to which all coins has started rising because if the future started trading on the exchange. And that too it started with 18k so it means that price is expected to rise further from here. Thus in anticipation all the altcoins have started rising and those which are old and existed from a long time have started rising now. And with btc the transaction fees are high and also the confirmation take time which is an advantage to altcoins coins as they can easily be transferred quickly and at low cost.

[paloloy]

The reason is that it's the cheapest on Coinebase. Just wait til they list a cheaper coin this coin will also increase.

Coinbase is one of the largest cyrptocurrency exchange in the market and it mainly brings Bitcoin, Ethereum and LiteCoin as it's main top coin exchange so this is the effect that people would choose the cheaper coins that has the capability of increasing after few months.
Kodus to the team

[otundebis]

Coinbase accepted litcoin on it's platform. Many people also are you litecoin as alternative to bitcoin in transacting  and transaction. I do not see any development going on in litecoin but it could be best use for transaction if bitcoin become impossible to use!

[yugyug]

Now it is the right time to shine for Litecoin for it was over shadowed and under rated alt coins for how many year, it was overtook by other crypto like bitcoin cash and other new comer altcoins like IOTA and CARDANO, but Litecoin was just sitting there silently take-off to launch and soar its price higher going to the moon. The most significant development of Litecoin this year is the Atomic Swap, where you can swap directly with other coins with no exchange platform intervention at a lightning speed.