Buy LTC before it explodes into triple digits this Fall. Through forensic analysis, I have speculated what the big announcement will be, that will catapult LTC to the moon and beyond.
The research has been conducted for over a year and here are my findings to date. Certain officials of the Chinese government have been kind towards Litecoin. Part of the proof of this, I broke in a story back in May that went viral on You Tube: https://steemit.com/bitcoin/@jetblake/china-s-plan-to-use-ltc-as-main-crypto-currency.
Charlie Lee (Litecoin's developer) strategically has been planning this for several years. Charlie developed Litecoin in October of 2011. He used the Bitcoin open source code and made certain code changes to birth Litecoin. Litecoin (refereed to as Bitcoin's baby brother or the silver to Bitcoin's gold) has a maximum coin creation of 84 million. LTC has a 4 to 1 ratio with BTC. LTC also has easier governance to allow implementing critical improvements and updates such as SegWit, Lightning Network and Atomic swaps.
In July of 2015 Charlie Lee went to work for Coinbase as their director of engineering. This was a great move to help get Litecoin (LTC) onto their exchange. Prior to his arrival, Coinbase only sold Bitcoin and Ethereum. Having Litecoin available for purchase on Coinbase has really helped to boost LTC global growth and acceptance. On June 11th of 2017 Charlie Lee left Corporate Coinbase to “Today’s my last day at Coinbase! I will miss working with you all. I’m going to shift my focus to Litecoin now,” said Lee. Yes he had accomplished what was needed as far as getting Litecoin on the largest U.S. crypto exchange.
In a You Tube interview yesterday, on Crypto Hedge, Charlie Lee gave great insight regarding the crypto industry, Bitcoin and Litecoin. He mentioned that Litecoin is benefiting from the internal friction that exists with Bitcoin. Litecoin is fitting the vision of Bitcoin's creator Satoshi Nakamoto which was for the world to use Bitcoin as a daily digital currency with speed and low transaction fees. Bitcoin has morphed into being more of a store of value than an everyday commerce currency.
If crypto currencies are going to be adopted by the masses and corporations, than crypto's need to have fast and cheap transactions. The crypto also needs stability. It needs stability in it's pricing and it's governance. Litecoin (LTC) fits the bill. It looks like the world's largest retail website and e-commerce company will endorse and start excepting LTC as payments very soon.
Who is it you ask? Amazon? No, however, I truly believe they will within the next 12 months, but the answer is Alibaba.
Yes, Alibaba Group Holding Limited (Chinese: 阿里巴巴集团控股有限公司; pinyin: Ālǐbābā Jítuán Kònggǔ Yǒuxiàn Gōngsī) is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It is the world's largest retailer as of April 2016 surpassing Walmart. As of August 2017, Alibaba has over 529 million monthly active mobile users across its platforms. In May 2017, Alibaba's market cap grew to USD$305 billion, Alibaba also became one of the world's top 10 most valuable companies.
Yes, once Alibaba starts excepting Litecoin and endorses crypto currency for payments, Litecoin will explode and become one of the largest and most respected crypto currencies out there. Holding LTC now before this happens is crucial to cash in on the great gains that are coming. LTC is the best crypto bargain out there. It is sorely undervalued. It has a 4 to 1 ratio with Bitcoin, so it should be at least $1200.00 per coin. Even at that price it is a strong buy. $63.00 for LTC is a screaming buy.
Put on your thinking cap and realize where LTC is heading. LTC is a must to be included in your crypto portfolio. The super crypto coin with the least drama and the most technological improvements!