I was struck by a recent article that claims that litecoin has some advantages over bitcoin.
This was a fairly common refrain a few years ago when we were not really sure what would happen with cryptocurrency, but it is now a much less fashionable affirmation. The value discrepancy between the two currencies is simply so great that litecoin has developed something of a "little brother" association that can be hard to shake (and that does not promise anything particularly valuable for an asset that aims at a robust future ). [19659002] Once again, the statement may have been more in tune with public thought a few years ago. Around that time, an analysis of some of the then prominent altcoins unequivocally stated that litecoin was the most popular of all. It was the silver bitcoin or the Robin to bitcoin silver Batman depending on the metaphor you prefer, and it seemed like it would go wherever bitcoin went, if not in the actual value of the trends. And to some extent, it does not just have this. However, normal litecoin trading well below $ 100 seems weaker and weaker, the longest bitcoin remains in the thousands. And with other options such as bitcoin cash and ethereum much closer to the bitcoin value of litecoin, it is hard to say definitively that litecoin is the second most popular cryptocurrency.
But is litecoin actually trending?
Forget the day-to-day movement and focus instead on the larger developments that impact on this long-standing altcoin. As reported in a note dated September 5, 2018, litecoin approached $ 70 in a context of multiple positive developments. These developments included:
Potentical House Integration – Home is a bitcoin infrastructure company that announced that it will support litecoin from the fourth quarter of 2018, evidently helping to make the Lightning network available to the public on litecoin.
Abra Integration – Abra is essentially an alternative to Coinbase and now allows fiat-to-criptovalute transfers, including support for bitcoin and litecoin.
A Litecoin Summit – This has been animated for some time. It will take place in San Francisco and will focus largely on the already mentioned Lightning network and on the general downsizing of bitcoin and litecoin.
Again, throwing aside daily price movements, these developments paint an interesting picture of an altcoin that could receive some increases towards the end of the year. This does not mean that the price will rise astronomically or even rise for nothing, but it could give a boost to the litecoin in the increasingly competitive atmosphere.
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