Home Altcoins News Litecoin Price Proves a Pointless Move of LTC

Litecoin Price Proves a Pointless Move of LTC


For months, predictions of the rise of Litecoin would beat the bitcoin price. Litecoin would prove to be the fourth biggest currency in the market. The price of Litecoin comes from the large usage of LTC in the market. Charlie Lee, Litecoin founder argues that LTC would beat bitcoin price this year. It was a big surprise for users in the digital world. The price was a sure way for them to use Litecoin in a progressive level.

Since 2011, Litecoin gains acceptance for marketers and investors. The change in the digital currency also proves its importance in the digital world. Then, LTC application LitePay announces releasing LTC payment cards. It captures the interest of many people as it offers the LTC price to about $300.

But, the card faces delays before its date of opening. Then, it came out that the LitePay team has no position to reach its goals. There was a petition for additional funds. But, the result is the cease of its operation last March. The wide interest for Litecoin ceases. But, Litecoin announces its team up with TenX and Aliant Payments. This move aims to regain the people’s interest, but it seems hard. The effort proves unsuccessful as the public don’t pay much attention.

From the price of $12.6bn, the price of Litecoin was down to $6.3bn. For the past seven months, the situation gives a decline in the price. Now, it has a percentage of 61%. The development of Litecoin was an alternative to bitcoin. People take the chance to use it due to its price. The currency serves as an alternative during that time. But, users are still investing to bitcoin to fulfill their goals.

Today, many projects emerge but have diverse objectives. Most of these projects tend to solve the problem in the digital world. It doesn’t plan to replace the dollar. Some investors would be happy to invest in the cryptocurrency in the following years. It would not affect their interest in achieving their goals. As the price of Litecoin decrease, there’s a chance to achieve success.

Many projects prove to be beneficial to the condition in the market. More investors are still hoping for the rise of other digital currencies they can use. There’s still hope for them to achieve their business goals. As the global market accepts change, the rise of cryptocurrency continues. From here, people can expect more significant bitcoin changes and development.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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