One of the main reasons for the LTC litecoin gain during this period can be attributed to the release of Litepay, which was first announced in the days leading up to Christmas 2017. Litecoin's new payment solution known as Litepay is scheduled to be launched on February 26th.
The founders of Litecoin have seen a lot of positive news published in recent days and weeks.
Iqbal Gandham, Managing Director of eToro in the United Kingdom, said:"News of South Korea's withdrawal from plans to ban trade has reinforced cryptomarkets today, and Litecoin is no exception.
But the increase can also be explained by reports of the launch of a new payment solution, Litepay. Any news that brings the currency closer to the mainstream will have a positive impact. Others have cited the confusion over whether Litecoin fork to create Litecoin Cash as behind the current peak.
Litecoin Cash is promising new chips to existing holders in block 1,371,111. For every 1 LTC held in block 1.371.111, the incumbents will receive 10 "LCC", according to the official website.
Litecoin Cash, which may well be a scam since it is in no way affiliated with Litecoin's original project, will give Litecoin Cash holders 10 Litecoin Cash coins for each original Ltc token.
So my advice is to beware of Litecoin's possessions and make sure that the information comes from the main source and official website. You can access directly by clicking on Litecoin web in the portal coinmarketcap.**
Last Wednesday was a momentous day for Litecoin's team, leaving the rest of the major cryptomonniques as dust, rising 37.8% to finish the day at $219.04 dollars.
The rally may not coincide with last December's move to a historical high of $304, but when considering all the news negatives for the Crypto Market along with the general downward sentiment, the move was certainly an awakening before the release of LitePay later this month. (26 February).**
Added to the positive was the talk about the Litecoin fork that brings the promise of new Litecoin Cash chips, although both the founder of Litecoin, Charlie Lee, and the community of Litecoin, have repressed the fork, suggesting that it is a scam.**
The fact that there was very little sale before the closing, with Litecoin hitting a high intraday of $222.52 shortly before the end of the day, was a positive that entered the day, softening some speculation around the fork.
It was another solid start this morning, with Litecoin rising from 7.57% to $227.88 the moment I'm creating Aesthetic article! If there was ever a time when speculative investors came into play, this is without doubt their moment.
Talking about $400 will certainly stimulate Litecoin and we can expect Litecoin to continue to put pressure on Bitcoin Cash for the number 4 ranking, with a market cap on Litecoin rising to $12.6 billion in the marketcap this week.
The next day, Litecoin's first resistance level will be $241. Once exceeded $240, it would support a run of $300, although we expect some benefits to be obtained to influence throughout the day**
It's a great opportunity to buy Litecoins!
Source: https://finance.yahoo.com/news/bitcoin-cash-litecoin-ripple-daily-063810815.html
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