Litecoin is setting up for a big move to the upside. LTC is currently trading at $43.16 as of June 24. It has gained support at the $40 level. It has been chopping around but this healthy consolidation. For the long term investor the chart patterns are showing a bullish trend. By August 01 the Massachusetts Institute of Technology is set to release brand new technology. Even the creator, Charlee Lee is not aware of this secret project. "For everyone wondering, I'm in the dark on this one also. My guess is that it's related to MIT's DCI Lit lightning network. Exciting!" For a live look at the countdown here is the link. http://litecoin.mit.edu/
With this kind of hype look for the bulls to push this coin north. With large volume this coin could double. Additionally, Litecoin is one of the older crypto currencies. It is currently processing transactions even faster than Bitcoin! Litecoin is starting to gain the support from investors all over the world. Large volume has been coming in from China and Korea. Both countries are loading up on Litecoins. The market cap keeps climbing and LTC is currently valued over 2.3 Billion US dollars!
Only invest what you can afford to lose. Take a look at the charts and use your best judgement. If Litecoin is silver to Bitcoins gold, LTC looks undervalued at it's current levels. This is an exciting time for those that are investing in cryptocurrency. Look out for Litecoin to make a move to the upside.