Right now, Litecoin is poised to hit the $50 mark. Litecoin has been sitting at around $30 for some weeks now. So what happened?
Charlie Lee, former Director of Engineering at Coinbase, left the position to return to Litecoin. He knows something.
Also, there is now a petition for Amazon to accept Bitcoin and Litecoin.
More and more people are starting to catch wind of crypto currency. If you don't own any Litecoin, you might want to start paying attention. Compared to Bitcoin, Litecoin is a faster than Bitcoin , with a 2.5 minute block time as compared to Bitcoins block time of 10 minutes. Litecoin has a coin limit of 84 million versus Bitcoin's 21 million. Litecoin has one of the largest investments in mining machines, second only to Bitcoin. Often called the silver to Bitcoin, Litecoin is seen as the better alternative due to it's speedier and more polished technology.
I know this guy is very happy now.