Lightcoin is going up again!

It seems to have a steady linear curve staring in July if you factor out all the reactionary noise.

Here are a couple of factors that make me think Litecoin will be in good shape for at the very least a few moths to come.

1. Charlie Lee has left Coinbase to work on litecoin again full time (https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin/) There are also heard rumors that he may be planning to bring in some other good developers to join him due to increased excitement of new project ideas.
2. Bitcoin is in the middle of some major politics right now. With the possibilities of both hard and soft forks over the next few months this may spook some people who will look for another place to store some value as a result.
3. The chinese may be making big plans for it in the next several years.
4. Lightcoin was intended to be the silver to bitcoins gold from the start. Not the huge store of value that bitcoin might be used for, but for regular everyday transactions the same way silver was used at one time in the past. Several indicators of this being a good possibility would be that it has already agreed to adopt Segwit, and there is a dedicated Lighting faucet. This should help keep the block size and price per transaction fast and low as it scales with more users. This link below also mentions some of these points (https://bitcoinmagazine.com/articles/litecoin-has-now-deployed-segregated-witness/)

How high will it go? The speculation is all over the place. Some say it will have support to around $70 a coin, Charlie Lee says "to the moon!" High hopes and conservative estimates are all possibilities in the current world of Cryptocurrency. Considering some of the factors listed in this article, and the fact it has been around for a while, I think it has great possibilities.

Side note: Cryptocurrency is greatly affected by speculation. Please do you own research and always make your own decisions when getting involved with cryptocurrencies.