The reason why litecoin is growing

[negamus]

Litecoin is growing because it is the replica of bitcoin, and that was the main purpose of why they created this altcoin on the past, because they wanted it to be the silver version of bitcoin.
lower fees, faster transactions, and it is much more profitable (+3000% in a year)

[care2yak]

very happy that it is! would be ecstatic if it finally touches $1000! Perhaps people are shifting to litecoin for its faster transaction speed and lower transaction rate.

[BTCMA3IA]

I think DASH it better, but LTC is impressive

Agree!
LTC no features!

ETH IS THE BEST OF THE BESTS
BUT LTC ARE ON HYPE NOW! INVEST NOW IN LTC TILL $1000

[Mr.Scott]

I couldn't find any strong reason behind the recent pumping, simply unnatural. I've heard this from few people, it is also pumping. You might buy it and take the opportunity.

[spyderbilt]

Litecoin is growing because it is the replica of bitcoin, and that was the main purpose of why they created this altcoin on the past, because they wanted it to be the silver version of bitcoin.
lower fees, faster transactions, and it is much more profitable (+3000% in a year)

litecoin replica bitcoin seems very different. but I think litecoin will achieve success like bitcoin is not impossible, because the large volume of litecoins and pasr litecoin always busy buying and selling can make the development of litecoin very good in cryptocurrency.

[Gronthaing]

More like, alts are being pumped while bitcoin is consolidating. It's always the same thing and there is nothing special about this pump or litecoin. Doesn't matter much who appeared where. Although it helps that litecoin is one of the few alts in coinbase. But expect a dump once bitcoin gets moving again.

[Rudementry]

The price of litecoin will continue to grow. At least before they officially announce futures contracts. The market as a whole shows growth. Also, there are news about other companies' support for litecoin. So the next month, I think, we will see new peaks in the coin value.

[luffare]

I can suggest that nowadays Litecoin's price growth has 3 reason:

• 1. technical lead over bitcoin
• 2. fast confirmation time
• 3. lower  price than BTC has

Not everyone who's investing in cryptocurrency would like to buy 0.01, 0.001, 0.0001 half of a coin. The most of us prefer the whole numbers such as 1, 2 ...100 etc

[penig]

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....

Yet silver is the metal many will recognise as being day to day currency, in use upto a few decades ago.  Where as gold was only really for asset store or larger transactions for centuries.

Litecoin has always been the understudy to Bitcoin, now its the change to step up while fees and slow transactions keep Bitcoin on its sick bed. Someone asked above how it will compete with Ethereum, the answer is simplicity.  Ethereum's USP is the smart contract, when I want to just transfer funds thats usually not necessary and Litecoin (or others) does the same thing.

[Carmen01]

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:

they spread free ltc that's why it grow and good developer of coins like btc and eth.So we need to monitor it also like eth now because it keep growing little by little,i think in the future it will be like eth also it's focus in simplicity and low current usage to do transaction,There's a lot possibility in ltc all we need to do now is save some now then wait this in the future to grow.I think always update in news about ltc then if the coins will not go well like the price is go down don't panic in that time because it's already trusted coins like btc and eth.

[penig]

I couldn't find any strong reason behind the recent pumping, simply unnatural. I've heard this from few people, it is also pumping. You might buy it and take the opportunity.

Apart from being valid comment for about 1000 other coins    I think you've overlooked the reasons stated here, the history and the recent events.  Its gained prominence because its stepped into fulfill Bitcoin's original role as currency (cf Steam ). It's available on entry exchanges like Coinbase, and doesn't have the delays and fees.  If you take a longer view on LTC/BTC its actually just catching up with previous levels in the summer

[hugeblack]

- problem with litecoin is price and now we see it’s going up.
- many start thinking to invest in bitcoin.
- High Bitcoin price will growth all altcoins.
- low fee and confirmation time

[benjaminoo]

Here's an article I came across yesterday that speculates why Litecoin might reach $1500 in 2018.

http://www.ibtimes.com/why-litecoins-price-will-hit-1500-end-2018-2629714

I totally agree with it. Bitcoin is like gold that you store away to sell for a profit one day. You don't transact with gold at the supermarket. But Litecoin is much faster and cheaper than Bitcoin and therefore a more day-to-day currency. I can totally see it gaining more traction as day-to-day cryptocurrency spending becomes mainstream. Many people use it already to send funds between exchanges. MUCH cheaper and faster than Bitcoin.

With that said, it has a few competitors like Bitcoin Cash. It's going to be a race to see which one wins.

[Sevaev]

People buy litecoin, because it officially took steam, they abandoned bitcoin, for the sake of speed of transactions. Litecoin corresponds to this.

[noictib]

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:

Actually that happened due to dump in altcoins market , after increase in the speed market of bitcoin , people started to buy those 3-4 years high potential coins , And as we know that in field of cryptocurrency field we have many high potential coins like monero , Etherium , dash , Etherium classic , Digibyte , xvg , doge litecoin etc all these coins are high potential coin and each coin rise by atleast 40%+ ( we can see in past graph of this week , where net increase in up of graph  of market of these coins ) .
And why this happened we comes to know easily that , due to increase in bitcoin's price , many people started to make investment in better coins , so that they can make big profit easily .

[v3liana]

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 hear that charlie lee are sell all his litecoin to the market. i think it will make litecoin become worse and it would be good chance for new investor to buy and hold.

[gabbie2010]

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:

The recent  growth of Litecoin can be attributed to it's massive advertisements and publicity, litecoin is being given massive exposure and some people belief that the recent surge in the price of bitcoin will also occur with litecoin thus many investors are pumping in funds into litecoin also it easier to buy a whole litecoin than fraction.

[keanne_isaac]

For the past few days  we see Litecoin consistently in the top 5 most traded crypto currency in the market though most of its feature were already common in other crypto currency such as Fast confirmation time and lower price than BTC but the advantage for litecoin so far is being featured in some financial tv network which boost awareness of other people how Litecoin works. Social awareness and commercial ads was one of the main reason why LTC was keep growing and growing

[Lodipetmalu]

 Litecoins are widely recognized, acknowledged, and accepted as a currency will likely surge in value as a result. If more merchants and online platforms such as Steam continue to integrate Litecoin, and casual users in the cryptocurrency market begin using the cryptocurrency for smaller payments, Litecoin could compete against other cryptos in the short-term to evolve into an alternative to bitcoin.

[Boosie]

LTCs transaction speed vs BTCs
The amount of uses LTC has as a dominating Crypto