I think Litecoin is about to rise after August 1 dues to several reason. Charlee Lee, who is founder of Litecoin is now heavily promoting and revising the coin.
Few points to note are as follows:
- Litecoin have been stagnant for years until Charlee got it listed on Coinbase.
- Litecoin is first to implement Segwit successfully.
- Lightning Network is ready for prime time on Litecoin.
- Charlee Lee quits Coinbase to focus on the development pertaining to Litecoin.
- Litecoin is in news for some MIT’s Litecoin-oriented project which would be revealed on Aug 1st, same date as of Bitcoin’s upgrade.
- Canada’s largest exchange “Quadriga“ now lists Litecoin. All credit goes to Charlee.
- The latest news as of writing this post; Litecoin ATMs pop up across US / UK and Canada.
Also recently the crypto charts are in favor of Litecoin as compared to any other crypto. Litecoin have been stable for weeks now though we have seen many other coins being too volatile as Bitcoin’s price fluctuate.
It seems Charlie is busy promoting the coin in the right direction. Litecoin ATMs are poping up rapidly mainly in US / Canada and UK. Some of the well-known people in crypto have predicted 4 to 10 LTC per BTC. We clearly see that BTC has its dominance on LTC but now BTC is trying to mimic Litecoin's implementation. Also if BTC implements Lightning network, coins supporting that could be exchanged without any intermediaries.
Considering these points currently LTC seems to be a must buy over BTC as the ratio of returns could be much higher than Bitcoin.
It’s only a matter of time till this altcoin gives Bitcoin a run to its current lead. May be, who knows? What do you all think?
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