LTC is on the move.

About time it got passed the 200 USD mark again.

And it might...

Overall the Crypto Currency market is recovering nicely. Even though some Cryptos underperform, others overperfrom or just get back to their previous relative level to Bitcoin. Litecoin to me looks like one that has been on a brake for a bit. Not as much as Vertcoin, but is has a lot more growth potential. Just like I think Dogecoin still has, it it not at 2 USD cents yet. Bitcoin {BTC] already got passed the $ 9300 I was expecting, so things are looking to heat up again. While Vertcoin {VTC} already made a nice 23 $cent jump, Litecoin did a less steep climp of 11 USD over the last 24 hours. Same goes for the other Segwit Crypto Digibyte {DGB}, nice few cents gain in one day, but it seems to be holding back a lot. It seems that some will burst through the limiter the next couple of days.

Litecoin is one of those Cryptos that seems to get more transaction activity the last 24 hours. This could be a sign that it is going to go up in price quickly, even gaining more in percentage than Bitcoin. Although I do expect BTC to go to 12K soon, I think LTC will gain relativily more. But this is speculation and the moment where I remember you to only invest in Cryptos what you are willing and able to lose. The market though really seems to be taken off big time again. And I lost count how many times the Cryptos have been declared dead, that is was a bubble about to end, the TULIP bulb mania in the digital realm or the DOTCOM bursting all over again. Compaired to last year gains of over 1100% are common. Almost like if a Crypto did not do a 1000% over the period of a year, than it is probably one that will fade out and away.

Litecoin's 99 million transaction

One happening that really attracted some attention to LTC was a specific recent transaction that moved 99 million USD in value from one Litecoin address to another. Done in a jiffy and only costing $ 0.40 to do so. The flappening might not have happened yet, but facts like this will sure make Litecoin the digital silver to Bitcoin being gold. And it is much more easy to carry around a passphrase, or some private keys, instead of kilograms of precious metals. To carry about 16'971 kilo of silver is quite a heavy job. Just like 185 kilogram of gold is a lot to handle. Both are about the worth of 99 million US Dollar and Litecoin made the transaction far below featherweight. All it takes is a piece of paper to hold that value stored in a private key. Although one might engrave it in a small piece of gold, locked and secured in a safe...

All on the upper hand?

Well, Steem and Steem Backed Dollar are, just like Bitshares is. And the sky is no limit at all. The moon is already crowded so I suggest for Litecoin and others to look for heading that move into deepspace. Maybe even make a big jump using a wormhole, who knows, crazier things have happened before. Yet, it seems all the Crypto critics have been totally and utterly wrong, again! Some of the bankers money rich even started to understand that what the have in billions is getting worth less and less fast, due to the build in rapid devaluation. Hundreds of billions might to be heading towards the Cryptos realm. And some of that will go to the powerfull DPOS {Delegated Proof Of Stake} blockchain systems like Steem, Bitshares and EOS. While a huge part will go to the SegWit / Atomic Swap / Lightning Network supporting blockchains like Digibyte, Vertcoin, Bitcoin {The real BTC one} and of course Litecoin. (Yes yes, Dogecoin will get a lot too!)

Always excting times in the Cryptos realm, will it make it past the first trillion market cap this time? Who knows...

May the Cryptos be with us!

PS While I was typing this post LTC already wend past 163 USD...