Litcoin has been getting a bit of attention from the press lately. The one reason for this can be attributed to an increasing chatter on the upcoming launch of LitePay. Scheduled for release within the month, Litepay is one of the major developments to be released by the Litecoin dev community in quite a while. It provides a debit card to store your Litecoins, enabling payments to be transacted in Litecoin. With transactions that promises to be faster and cheaper than Bitcoin, this has the potential to succeed if the adoption rate is healthy.
As with the other coins, Litecoin has experienced tremendous volatility to its price. It has shot up in price from what initially was around $5 to as high as $370. It has since retreated by about 55% to its current price of around $165. With the right execution on Litepay, together with all other projects in their development pipeline, this might possibly kickstart another leg to the upside for Litecoin, one that is independent of the Bitcoin price.
One thing's for sure, Litecoin is slowly coming out of the shadows of its more illustrious peers. Where headlines had once been dominated by Bitcoin, Ethereum and Ripple, it's a pleasant surprise to see Litecoin sharing a bit of the limelight these days.
For more information on Litepay, click here