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Author Topic: The reason why litecoin is growing  (Read 227 times)
AboeHoeraira
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December 19, 2017, 02:23:51 AM
 #1

So litecoin is continueing to grow after some people believed it would drop back, its at 350+ dollar at the moment and highly expected to reach 500 dollar in 2017

one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:

https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam

Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.

In short:
https://i.redd.it/yn1xxcecd9jz.gif

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Nerman
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December 19, 2017, 02:35:06 AM
 #2

So litecoin is continueing to grow after some people believed it would drop back, its at 350+ dollar at the moment and highly expected to reach 500 dollar in 2017

one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:

https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam

Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.

In short:




I am pretty sure this is one of the catalyst why Litecoins price is growing, getting free advertisement is always good. Also I really think that because of the Bitcoin and Ethereum network congestion right now some people that use crypto everyday are switching to other good coins like Litecoin. It is a good option since it has cheaper transaction fees and faster transaction time.
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December 19, 2017, 02:55:43 AM
 #3

So litecoin is continueing to grow after some people believed it would drop back, its at 350+ dollar at the moment and highly expected to reach 500 dollar in 2017

one of the reasons its seeing a pump right now again is because it appeared on CNBC fast money today with Brian kelly telling he bought some litecoin and him mentioning the reasons why he did that and why he thinks litecoin is a good currency:

https://twitter.com/CNBCFastMoney/status/942895113709211648
*technical lead over bitcoin
*fast confirmation time
*Accepted at steam

Charlie Lee is also expected to give another interview next week which may help getting litecoin even more known.

In short:




i agree with this statement. litecoin is showing its existence. from yesterday and now its price keeps rising from 308,87USD to 352,38 USD.

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December 19, 2017, 03:00:37 AM
 #4

As much as I like bitcoin, litecoin is actually usable and works.

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December 19, 2017, 03:05:34 AM
 #5

I don't think that a coin grows because someone mentions in media. Litecoin has merits of its own (plus there are other alts that have grown significantly - even much more than LTC lately, that have not been featured in the news, such as ICON).

AboeHoeraira
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December 19, 2017, 03:15:59 AM
 #6

I don't think that a coin grows because someone mentions in media. Litecoin has merits of its own (plus there are other alts that have grown significantly - even much more than LTC lately, that have not been featured in the news, such as ICON).

Yeah obviously it has many advantages of itself. but the media is helping to get that known to the world, people who don't know about litecoin have to hear about it before they can notice the merits it has and use it, so the media coverage is helping allot to give this coin the credits it deserves as it's highly under valued in my opinion. It's getting better these days and hopefully it's only the beginning. i mean if bitcoin can reach 20k then litecoin should def deserve more then 300 imo.
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December 19, 2017, 03:22:30 AM
 #7

Yes, I totally agree with your opinion. Litecoin is one of the potential coins which has many advantages can replace Bitcoin in the future. And no doubt when it raises up every day. The prediction is $500 can be done before June, 2018


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entropy0
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December 19, 2017, 03:22:46 AM
 #8

free publicity is good, but product needs to be technically sound in the first place

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December 19, 2017, 03:25:06 AM
 #9

Good things will happen to LTC. Ecosystems have seen major technological developments over the past few months. It would be interesting to see Litecoin compete with Ethereum. It is not clear how it will happen.

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December 19, 2017, 03:26:00 AM
 #10

BTC
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December 19, 2017, 03:32:30 AM
 #11

Well the appearance of litecoin in mainstream media might be the reason of price boost of litecoin but i still can't remove the fact the some investors were moved to litecoin due the fact bitcoin transaction fees are very high and the transaction confirmation time is very slow that might took the advantage of litecoin and attracted the investor who were looking for lower transaction and fast confirmation times anyways litecoin is very undervalued coin so a little love will do.



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Arngrim
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December 19, 2017, 03:37:45 AM
 #12

It is not hard for litecoin to increase since it had the most usage against all cryptos.
I think it just deserves a better value than any coins.

The sad part actually is why it just happened now. Do we really need to see bitcoin grow first before this altcoins can also be seen.
It should be more valuable than what it is now and yet it being harassed to go back down.

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December 19, 2017, 04:27:48 AM
 #13


*technical lead over bitcoin
*fast confirmation time
*Accepted at steam


Sorry but many other coins have the features you mentioned as well. I love litecoin but the fact remains, other coins have better features like:

*technical lead over litecoin
*faster confirmation time than litecoin
*accepted at more merchants than litecoin

Im happy for litecoin's success but I don't see any new innovations that will change the cryptocurrency world. I'm buying into the LTC pump but only to increase my BTC.



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December 19, 2017, 04:47:40 AM
 #14

The most interesting thing about Litecoin is its speed. In tests where one user compared the speed of coins being transferred from an exchange to a hardware wallet like Trezor, Litecoin performed best, transferring 23 coins in under 10 seconds. Businesses paying attention to Litecoin’s fast advancements on the payment front are increasingly adopting it into their own ecosystems as well.
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December 19, 2017, 04:50:29 AM
 #15

The most interesting thing about Litecoin is its speed. In tests where one user compared the speed of coins being transferred from an exchange to a hardware wallet like Trezor, Litecoin performed best, transferring 23 coins in under 10 seconds. Businesses paying attention to Litecoin’s fast advancements on the payment front are increasingly adopting it into their own ecosystems as well.

I think the bad of this is, if people get more into litecoin it's price and network will collapse as the btc does.
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December 19, 2017, 04:56:09 AM
 #16

if viewed then I can not believe that coins grow because someone mentions in social media and continues to grow rapidly without limits and I think it's best. and Litecoin has its own advantages and added there are other alternatives that grow significantly - even more than LTC these days, which are not yet in the news and many are mining the Litecoin (LTC) and they are getting a very profitable profit and I'm sure going forward litecoin will be much more developed than before.😉

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December 19, 2017, 05:00:43 AM
 #17

I think btc transaction fee. And lite on so many markets .

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December 19, 2017, 05:04:52 AM
 #18

Yes, absolutely. Also, since the slowdown with ETH, I have been converting to either LTC or DOGE to transfer my funds between exchanges. I think there are many others doing the same thing. I am absolutely not surprised that there has been a spike in both coins' prices lately. Fast transactions, low fees and accepted on many major exchanges - what's not to love!
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December 19, 2017, 05:10:09 AM
 #19

I think DASH it better, but LTC is impressive
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December 19, 2017, 05:14:36 AM
 #20

litecoin has a bad trackrecord of breaking the worst when hitting all time high rates... though it has potential background.. still it has physcological problems of investors... because its considerd as crpyo silver and we all know that people dont give much importance to silver than gold in the real world and crypto world....
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