Have you seen the recent astronomical growth of Litecoin? 38% in just 1 day!!!! What!!!!
There are different speculations to this sudden growth in this rather dormant and seemly boring coin that has been around for so long that the original creator Charlie Lee, went on to work with Coinbase.
He however, just recently resigned from coinbase a few days ago, stating that he wants to focus on his creation, Litecoin. Also, seeing that coinbase just recently included Litecoin on its platform, it seems that Charlie Lee may have been instrumental to that and seeing it's potential for growth now, he has resigned from coinbase so that he can focus on developing and improving Litecoin.
This may be the very reason the market is suddenly rushing to buy litecoin and as such, pushing it's price up. However, this sudden drive may not be sustainable for so long and we may experience a return back to the land of reality.
Litecoin is really rising out of the ashes and anyone who has missed to opportunity to buy into it when it was $8 or less, still have a chance before it goes over board. This is definitely at your own risk of losing your money's value. Make sure to do proper investigation before diving into it.
Have fun with your Litecoin. I am Bursting with Burstcoin, hoping and waiting for a price jump to make my investment fruitful.
Thank you for reading this. Do have a beautiful weekend and week ahead.
Great choices - I too am bullish on Litecoin and Burst! Charlie Lee leaving Coinbase to work on LTC is huge, and unlike a lot of news that fizzles out, I think that this move will continue to pay dividends into the future as he innovates and makes news continuously.
Thanks for your comment. I believe it is a good thing for the coin and in the coming few months, we might see some growth come to Litecoin
Good points in this article. Thanks for bringing this to my attention. Many people say the prices of cryptos are high but we also thought that about Amazon, Apple and Facebok last year. Besides coinmarketcap.com there is: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. See: https://www.coincheckup.com/coins/Litecoin#analysis For the Litecoin Research report.
Thanks for the comment