Are you watching the blood bath that is even hammering down the top five crypto currencies? August 1 is a looming deadline for Bitcoin. This "hard fork" will determine how Bitcoin does transactions with or without Segwit2. If things don't go well, Bitcoin could end up being two different types of crypto currencies. If this happens, Litecoin is ready to surge.
Fundamentally Litecoin is solid. It's founder, Charlie Lee, just left his job at Coinbase to work on Litecoin full time. Charlie Lee is so forward thinking that he got Litecoin on Coinbase, one of the most popular platforms in the world. Coinbase make crypto currencies accessible to people who would have no idea how to buy them on their own. It is highly unlikely that Charlie Lee would tie his financial future to something he didn't think would succeed.
Litecoin is well priced at $38 today. Low estimates show Litecoin at $100 by years end.
As we watch this pullback, we are seeing Litecoin decrease less than other crypto currencies percentage wise. The volume looks good too.
Litecoin is coiled and ready to spring upward whether Bitcoin splits or remains cohesive. This may be the buying opportunity of our lifetimes.