Following the market's decline this month, a Litecoin saw a 70% drop in the value of USD from $ 109. But soon the market began to recover and Litecoin also recovered. Now, Litecoin is around $ 210 USD and rising slowly.
Why is this increase cheaper?
The sudden rise in price was not as unexpected as it seems. Litecoin - a cryptocurrency with one of the lowest market rates, a low transaction time, a story and a creator who still cares for Litecoin's future development despite publicly declaring that he has sold all of his Litecoins.
And there is more news that has influenced the upward trend of Litecoin. The announcement of the LitePay and LitePal launch was more important news released last month. But that is not all.
Many news of adoption appealed. TenX has confirmed that Litecoin will be added in the coming weeks.
Após o declínio do mercado este mês, a moeda Litecoin sofreu uma queda de 70% no valor de USD atingindo $ 109. Mas logo o mercado começou a se recuperar e, com isso, Litecoin também se recuperou. Agora, LTC está em torno de $ 210 USD e subindo lentamente.
Por que esse aumento súbito de preço ocorreu?
O súbito crescimento do preço não foi tão inesperado quanto parece. Litecoin - uma cryptocurrency com uma das taxas mais baixas do mercado, um tempo de transação baixo, uma história e um criador que ainda cuida do desenvolvimento futuro de Litecoin, apesar de declarar publicamente que ele vendeu todos os seus Litecoins.
E há mais notícias que influenciaram a tendência ascendente de Litecoin. O anúncio do lançamento LitePay e LitePal foi provavelmente a notícia mais importante lançada no último mês. Mas isso não é tudo.
Muitas notícias de adoção apareceram. TenX confirmou que Litecoin será adicionado nas próximas semanas.
One of the best known Brazilian web hosting companies, KingHost, is accepting Litecoin.
Uma das mais conhecidas empresas brasileiras de hospedagem na web, KingHost, está aceitando Litecoin.
India's Biggest Exchange - Zebpay - Litecoin added about 20 days ago
A maior exchange da Índia - Zebpay - adicionou Litecoin cerca de 20 dias atrás
The launch of the next Litecoin update will reduce as fees, as Charlie Lee stated his tweet.
An Irish law firm has stated that it will accept Litecoin.
Bitflyer, the well-known Japanese exchange approved in Europe, will soon be added by LTC / EUR commercial.
O Bitflyer, o conhecido intercâmbio japonês aprovado na Europa, em breve irá adicionar um par comercial LTC / EUR.
Cryptobuyer - a known exchange in Venezuela - is now using LTC instead of BTC.
A Dublin coffee shop created by an encryption merchant accepts LTC and Ethereum.
All this news of adoption might not have an immediate effect on price, but a patience and rewarded in the market for cryptography. In addition, even as "bad news" can be "good ".
Fortune introduced Litecoin as a "favorite surprise of Bitcoin's weary criminals" while CryptoBible reported that 30% of darkweb accepts Litecoin as an alternative payment method - more than for Monero.
However, Nasdaq saw Litecoin's LitePay differently. To sum up your vision:
E-commerce payments using the LitePay "illuminate" or the way to make the primary payment method.
Forbes covered a story about Microsoft and Litecoin as well.
In one publication, Microsoft points to Bitcoin, Ethereum and Litecoin as three specific platforms that are appropriate bases for DIDs.
And also, a Forbes employee explained "What is Litecoin?" In a wonderful way.
Conclusion
As Bitcoin is struggling with a Lightining Network and a Bitcoin Cash as a competitor, Litecoin slowly gains more users and increases its adoption rates day by day. This is not the result of an aggressive marketing campaign or a viral effect, but a friendly and helpful community that believes that prices are shipped with ease.
Cryptobuyer - uma exchange conhecida na Venezuela - agora está usando LTC em vez de BTC.
Um café Dublin criado por um comerciante de criptografia aceita LTC e Ethereum.
Todas essas notícias de adoção talvez não tivessem um efeito imediato sobre o preço, mas a paciência é recompensada no mercado de criptografia. Além disso, mesmo as "más notícias" podem ser "boas notícias".
A Fortune apresentou a Litecoin como uma "surpresa favorita de criminosos cansados de Bitcoin" enquanto CryptoBible informou que 30% da darkweb aceita Litecoin como um método de pagamento alternativo - provavelmente mais do que Monero.
No entanto Nasdaq viu o LitePay de Litecoin diferente. Para resumir a sua visão:
Os pagamentos de comércio eletrônico usando o LitePay poderiam "iluminar" o modo de fazer o método de pagamento principal.
Forbes cobriu uma história sobre a Microsoft e Litecoin também.
Em uma publicação, a Microsoft aponta para Bitcoin, Ethereum e Litecoin como três plataformas específicas que são bases adequadas para DIDs.
E também, um colaborador da Forbes explicou "O que é Litecoin?" De uma maneira maravilhosa.
Conclusão
Como Bitcoin está lutando com a Lightining Network e a Bitcoin Cash como concorrente, a Litecoin ganha lentamente mais usuários e aumenta sua taxa de adoção dia a dia. Este não é o resultado de uma campanha de marketing agressiva ou um efeito viral, mas de uma comunidade amigável e útil que acredita que os pagamentos devem ser feitos com facilidade - com taxas aceitáveis.
É mais um sintoma das deficiências do Bitcoin como moeda para transações do dia a dia, que faz com que as pessoas busquem alternativas viáveis como Bitcoin Cash e Litecoin.
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@Very well-written and informative post my friend, keep the good work!
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Personally, I see LTC as the most practical option of the top coins to hold on to and use overall.
For example, if I bought a bunch of coins on an exchange and wanted to cash out, the cheapest option fee wise to actually withdraw everything from the account overall without worrying about the value of everything overall rising or falling seems to be converting everything to LTC and then transferring that to your USD cashout exchange (coinbase, gdax, ext). You're less likely to have a significant drop in value in the time you transfer everything, the transactions are much faster, and the fees are practically nothing compared to BTC or ETH, especially if you're using SegWit LTC (please correct me if I'm wrong. If there's a cheaper option I'd LOVE to hear it).
Furthermore, the long term potential of holding LTC in my opinion outweighs the long term potential for BTC and ETH.
What do you think? Am I on the right track here with my thought process?
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