• Whales Accumulating LTC
• Newegg is looking for the next coin to add
• Why LTC has value in 2021?

Whales are accumulating Litecoin. Also, wallets that are strong with 1000 through 100,000 LTC are accumulating LTC. The price action for LTC is bearish, but still, the activity in the network is surging.

Charlie Lee, Creator of Litecoin, stated, “Newegg is looking for next coin to add.”

For clarity, Newegg Commerce, Inc. is an online retailer of items, including computer hardware and consumer electronics. It is based in the City of Industry, California. In 2016, Liaison Interactive, a Chinese technology company, acquired a majority stake in Newegg in an investment deal.

Bitcoin is accepted in Newegg. And several other currencies like Dogecoin, Bitcoin, Bitcoin Cash, Ethereum, USD Tokens, Wrapped BTC, and Dai.

Newegg responded to Charlie tweet, and this probably is indicative that they might soon accept LTC.  Charlie is not about hype.  Being able to spend LTC on PC hardware and accessories will be the most welcome thing.

To make cryptocurrency work, it should be sound money, and a lot of work should be done for this to happen.  In the past, Charlie Lee, Creator of Litecoin, tweeted:  “Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on Fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions.”

Fungibility provides for mutual interchangeability.  Right from the days if the barter, mutual interchangeability is not 100% possible. There are at least one of the parties in the barter, who had to compromise their value.  This should change; however, this is hard to change.

Technically, it is not possible to achieve 100%; but Litecoin have always been about achieving Fungibility.  This is irrespective of what is done to solve the differences in value; there will be one definitely a loser.  When everything equalizes, then the economic gameplay will be over—waiting to see how Fungibility and scalability are made possible by the LTC in a few years.

Cryptocurrencies like Litecoin are slowly gaining significant interest as a currency to do business.  These days lot of education is happening, and those who did not have any previous experience with cryptocurrencies and did not know how to get started are willing to learn and get used to spending LTC.

There are still users who are trying to understand why LTC has value in 2021. Visa or Paypal are likely to issue their own 2nd layer coins for payment.  BTC will remain the store of value. But still, what makes LTC worthwhile?