Exciting news for Litecoin today as it jumps up nearly 25% within 24 hrs!! There is much speculation that it can hit $65-80 by August if breaks a new high this week!!
WHY THE SUDDEN RISE?
On July 2, Charlie went to Wuhan to meet litecoiners and miners from all over China. The meetup is interpreted by the media to boost morale and sustain litecoin momentum. If anything, Charlie has successfully inspired litecoiners’ confidence as LTC price increased from 270 yuan to 320 yuan overnight. This is huge news as China is becoming Litecoin's biggest customers. This goes back to my argument that Litecoin is indeed an undervalued coin compared to Bitcoin and Ethereum...
"The activation of Segwit is a turning point in the course of Litecoin development. When I first heard of Segwit last year, I took a three-month leave and focused on studying the technical upgrade. Later I chose to work part time at Coinbase, so I could work to make others realize the benefits of Segwit. It was no easy to convince of miners and mining pools supporting Segwit, but it was worth it. Litecoin price has been going up, Coinbase and Bitstamp are listing litecoin. I am confident that more merchants and companies will realize the real value of Litecoin. It’s time for Litecoin to shine." - Charlie Lee
I've been into Litecoin since near the begining but sold out most of my mined coins at the last bubble. It's nice to see it doing so well as I've always had a preference for it (Bitcoin without the drama). Maybe its time to jump back in.
It's great to take profits but if you have a lot of capital on hand I would almost try to go long-term with it as there is a LOT of potential with LTC down the line...
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Like what you are doing. Keep going !!
Following may also explain LTC pricing
https://steemit.com/litecoin/@davebrewer/s1e3-of-nypn-bitcoin-and-litecoin-price-increases-explained-by-rising-tensions-between-the-us-and-north-korea
Litecoin has huge potential! I'm betting big on it
Awesome to hear that man!! It's been a long time coming as it was as low as $38ish a couple days ago hahha
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NIce to no... thx
yes, Litecoin has huge potential.
Resteemed good read mate
Follow @ch00fy
Sweet thanks Ch00fy!! Will do!
great info, thanks for this update! more good news coming- keep an eye on this 'surprise' litecoin project coming up from MIT too: https://steemit.com/litecoin/@bunabit/mit-surprise-litecoin-project-to-launch-same-day-as-usaf
Awesome thanks for the update!!
Interesting material
What are your thoughts about following as another explanation of why LTC is rising?
https://steemit.com/litecoin/@davebrewer/s1e3-of-nypn-bitcoin-and-litecoin-price-increases-explained-by-rising-tensions-between-the-us-and-north-korea