Despite Litecoin being around for several years it has not reached as mass of an audience in popularity as Bitcoin. While the market volume is growing it still has a lot of potential and the price for 2017 has PLENTY of room to move upwards for a few reasons:
- It survived the implementation of SEGWIT
- Again...I've said this in many posts- Charlie Lee working full time on development of expansion will only make the value go up
- Transaction fees for Bitcoin are outrageous. Want to buy a late from Starbucks? $4.50 +2.50 fee equals crazyness. Litecoin is cents on the dollar compared to Bitcoin.
- THe closer to August 1 without a clear decision will create uncertainty in the Bitcoin market causing LTC to rise quickly.
- Dubbed as the "silver" to Bitcoin it is a more efficient and cheaper option to the Bitcoin platform.
My top five reasons for buying Litecoin
- Charlie Lee (He's on a road show crushing the Asian market and this will create a huge demand in the coin)
- 84 million market cap (only 30 million or so left)
- It's cheaper than Bitcoin (You stand to gain the most increase due to low price)
- It's faster than Bitcoin (LTC is drama free and much faster, why do we even need Bitcoin?)
- Less than a 3 minute block time (Game changer in digital currency considering it's a close clone of Bitcoin)
What point will Litecoin be seriously considered as not the "silver" to Bitcoin, but the new and improved Bitcoin???