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RE: Litecoin testing resistance!! HOLD!!
Litecoins main weaknes is that it brings nothing new. Hence Bitcoin, Ethereum and Steem will beat it in my point of view. Steem is the hottest issue now since Steemit grows rapidly and so will Steem soon. It may multiply it value about ten times till the end of year.
I agree with you on Litecoin's main weakness. You're right. But one could also argue that litecoin has advantages over its competitors. Many similar products, each grasping for market share; each with slightly differing features.