In the last few days we've had real madness on the bitcoin. Is there a similar scenario for litecoin waiting for us?
Today's volume on LTC increased by 500% compared to the beginning of December. What is going on? Is it because people are switching to litecoin, because bitcoin has problems with transaction processing?
Or maybe because the transaction fees are much cheaper than BTC (0.2USD vs 7 USD)?
https://bitinfocharts.com/comparison/litecoin-transactionfees.html
Or maybe because more and more people have heard about litecoin?
https://trends.google.co.uk/trends/explore?q=litecoin,litecoin
If Litecoin is cheaper and faster (2.5 minutes vs 10 minutes blocks) then why LTC / BTC ratio falls for the last months?
- highest was ~0.038 05.12.2013
- lowest was ~0.003 07.032017
- today ~0.01
Will we see a reversal of the trend in the near future? Or maybe we will see it?
However...
https://twitter.com/satoshilite
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Have a nice day!
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