Asian Markets love Litecoin!
Litecoin was testing $47 all day, and even tracked back down to $44 and tested that, but as soon as the Asian woke up, Litecoin/Bitcoin has been moving and already hit $49.00!!
Also on the LTC/BTC chart a cup and handle has been formed, higher highs and lower lows is being made, and the party is all night tonight!
Litecoin has solved many of the scaling issues that Bitcoin is now facing. It is expected that because of its speed and reasonable user fees, that it will replace Bitcoin as the medium of daily commerce. The Chinese in particular love it, because it brings the world markets to remote communities where there are currently no banks.
A little strange for me that this post gets no traffic. Mastermoney called it. As of right now, 8:50PM EDT 4 July, LTC has traded at or above $50.00 all day and currentyl $52.28 on BTC-e. Also the overnight volume set, from what I can see were all time records for 15 and 30 minute volume. Go LTC!!
Very good article. Really appreciate you bring this to our attention. The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets. I found this great website: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. Go to: https://www.coincheckup.com/coins/Litecoin#analysis To check Litecoin Investment research report.