Recent predictions from crypto experts are turning significantly bullish on Litecoin, is there any merit in this?
Four adoption factors positive for Litecoin
The increase in Bitcoin adoption has a spillover effect to Litecoin, any positive change in Bitcoin directly benefits Litecoin since the extra traffic on the BTC network creates slowness and an increase in fees. Litecoin is the perfect alternative in this scenario. Litecoin is already seen as a major currency, almost a Bitcoin Lite and thus in the minds of traders as much as BTC.
Crypto Business Adoption
An influx of users on Coinbase, a digital currency brokerage, is having a positive effect Coinbase backs three cryptocurrencies including LTC. All the big exchanges has Litecoin listed as a major currency pair.
In another development iPayment has added 137 000 companies to the Pay with Litecoin network, creating a massive consumer base of Litecoin users.
Other crypto business such as PAXFUL makes it possible to buy Litcoin with more than 300 payment methods, including gift cards, bank cards, PayPal and cash deposit.
Spending Litecoin with a payment card
It has been a struggle for consumers to spend their crypto freely after the freeze on Visa crypto cards in January 2018. However this situation is changing with WIREX recently launching a new solution in Europe and Litecoin is one of the coins of choice. You can now even earn crypto cashback when you spend your Litecoin with your WIREX card.
Lastly, LTC has recently gained a good media attention, hence the coin enjoys a free public eye. Mainstream media consistently reports on Litecoin and Litecoin news.
Here is what Gabriel Francisco, cryptocurrency expert at TMT Blockchain Fund, had to say about Litecoin. [ as reported in the Express ] “Litecoin’s resurgence was visible as early as late 2016 when its level of growth was quadruple that of Bitcoin, which had been released nearly three years earlier in January 2009.”
Francisco argues that Litecoin is on course to become one of the first real cryptocurrencies that shoppers can use to purchase goods and services as mass adoption grows.
Mr. Francisco said:
Poised on the brink of greatness, Litecoin is preparing for a breathtaking moon shot. Dubbed ‘the rock’ at times, this clone of Bitcoin has shown incredible market resilience and price inertia.
Pegged at 84 million coins, Litecoin is four times faster than Bitcoin and has four times the supply. In other words, Bitcoin is to gold what Litecoin is to silver.
Bitcoin will be used as a store of value and Litecoin will be one of the first real-world cryptocurrencies to be used to purchase goods and services.
If you are interested in learning more about Litecoin:-
Read What is Litecoin
To buy or trade Litecoin: – Bank-Ezy
Get Free Litecoin from a Litecoin Faucet
Have some fun with Litecoin – Play here
Get your copy of What is Bitcoin
This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital, not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.