Litecoin has gone up 111% in the last 24hr
In reaching it's new ATH, Litecoin is sparking not only excitement from holders of LTC but also the hopes of those in lower cap altcoins watching the run in anticipation for similar performances in their holdings.
Before Bitcoin went on it's run earlier this month and last month which some speculate is not yet done with everyone was calling for a return of altcoins that would put to shame any run that has been seen in the cryptocurrency world to date.
With the steam of Bitcoin seemingly subsiding and cooling for now and Litecoin taking the lead of the altcoin charge with Dash following suit this morning approaching the $1000 USD mark; Could this be the long awaited start of the season that has been hinted about?
The Return of ALTS
It seems apparent that the new money already has the eye for the lower cap coins in general. Even though LTC is often used for lower fees and faster transactions as opposed to Bitcoin, one major attraction to Litecoin is that it isn't hard right now to buy a full one!
Much more of a psychological hurdle than anything, but to the newcomers especially, it feels a lot better to be 1 LTC vs .01 ETH or .0005 BTC.
This type of phenomenon is expected to trickle down to the lower cap alt markets once the money pouring in finds out about the opportunity available in the space.
Will the rush of new money into crypto do the research and find out about the opportunities in the lower cap alts available on other exchanges? or will the high transaction fees on the most popular Fiat/BTC exchange Coinbase keep newcomers from wanting to spend to send and just leave them on the exchange bringing a halt to the highly anticipated charge?
Comment Below with your thoughts on the upcoming alt-season or if we are due for one at all!
