Litecoin, silver to Bitcoin's gold, has seen a sharp rise in both demand and value in the past day or so:
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The demand side has shown strength, as well. Sell orders stand at 217944.52 LTC, while buy orders are firmly at a healthy 8855885.34 USD. Demand is strong among the BTC/LTC paring, as well.
I am bullish, and see Litecoin price continuing to rise in the next night or two, hoping for tonight.
Litecoin has several things going for it lately. The first was the successful implementation of Segregated Witness, giving it a technological edge and paving the way for Bitcoin to implement the same soon. Lightning will likely be implemented in coming months, as well making Litecoin usable for fast daily transaction, such as at a fast food drive-thru. Charlee Lee recently left his full time job at Coinbase to work on Litecoin full-time. MIT recently announced a project involving Litecoin to be unveiled on August 1st. That same date is key for Bitcoin, which faces a possible fork. Litecoin serves as a haven for those who want to avoid the uncertainty created there.
Arize Chikun!
Just got in on LTC a couple days ago when it was heavily undervalued. Looking very stable to me. I wish BTC would be as stable as LTC at times. Good post and thanks.
Good time to get in, and welcome.
I love LTC. Hope it will stay above 50.
It will. Demand is steady over time the past two months
Good Post.
LTC TO THE MOON & BEYOND!!!
Thx, and nice summary
LOL Yes!
;-)
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