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Litecoin may be the currency of tomorrow

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November 28, 2017 | 

2973 Views | 

Joanna Newman | 

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Litecoin may be the currency of tomorrow

Litecoin is a cryptocurrency that has been created from Bitcoin technology.

It is even a fork of the famous currency.

But its technology has been significantly improved and it allows transactions to be done much faster.

Moreover, the cost of his transactions is very small.

In addition, Litecoin makes it possible to process several transactions simultaneously.

All these features make Litecoin a much more practical currency than Bitcoin. It could therefore be the currency of tomorrow.

Litecoin is on the rise

In recent days, the Litecoin has reached new heights never before reached and was trading today (28 November) at 92 USD.

According to many experts, it could well exceed 100 USD by the end of the year.

The exchange of Litecoin in 24 hours, reached the 381 million dollars.

In addition, its market capitalization increased to $ 4.5 billion.

The Litecoin would follow a rise parallel to his big brother Bitcoin.

For information, most of the exchanges have been made on the GDAX and Bitfinex platforms.

How to explain this rise of Litecoin?

In recent days, most major currencies, Bitcoin, Ethereum, Monero and Dash, have recorded significant increases.

Clearly this rise is a sign that the cryptocurrency market is expected to experience tremendous growth in the coming years.

Because, until now, during the increases of Bitcoin, other Altcoins tended to fall.

This new trend shows that more and more investors are interested in cryptocurrencies.

What future for Litecoin?

In this general context, investors seem to recognize the potential of Litecoin:

Because of its extreme speed, Litecoin could well serve as a bargaining chip for daily transactions. It would not only be a speculative object but could really become a commonplace currency.

We bet that its performance will continue in the coming days.

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TAGS: NEWS INFO LITECOIN

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