Litecoin is currently the sixth largest capitalization of cryptocurrency, but in recent months she, like many other cryptocurrencies, is experiencing not the best period. However, some analysts say cryptocurrency, Litecoin will soon become as popular as Bitcoin.
After the failure of the project LitePay, but also because of the news about the launch of the EOS the core network, on Litecoin almost unheard of lately.
However, Gabriel Francisco from TMT Blockchain Fund believes that Litecoin will be one of the first cryptocurrency that will actually become popular among consumers. In an interview with Express.co.uk he stated that:
Litecoin prepares for breakout. This cryptocurrency is often called the most stable cryptocurrency. At the moment in circulation is 84 million coins Litecoin. That’s four times more than Bitcoin, and transactions in the currency are also 4 times faster. In other words, bitcoin is gold and Litecoin is silver.
According to Francisco, bitcoin will still be used as a valuable asset for investors, while Litecoin will actually be used for payment.
Bitcoin will be used as a valuable asset, and Litecoin will be one of the first cryptocurrency that will be used to purchase goods and services. This year Litecoin will likely test its previous highs, if you do not establish a new one.
Proponents of this cryptocurrency are now conducting a special company called “Pay with Litecoin”, which aims to make the popular cryptocurrency to pay for goods and services.
The team at @LTCFoundation pulled together all the resources in one place to help businesses accept Litecoin so people can #PayWithLitecoin money is accepted everywhere! Next time someone asks you how they can accept LTC, refer them to https://t.co/0vWy7ixFxJ https://t.co/OeDYkD9M6C— Charlie Lee [LTC] (@SatoshiLite) June 5, 2018
Luke Shipley, co-founder R_Block, also believes that Litecoin is expecting a sharp increase. Answering questions Express.co.uk he stated that:
Litecoin enthusiasts are very positive. They have great hopes for promoting Litecoin. If it is successful, then I think that this cryptocurrency will again occupy the third place in the ranking of cryptocurrencies.
Jacob Piotrowski, CEO and founder of Give Bytes, also positive in relation to the younger brother of Bitcoin.
Litecoin is definitely proven and reliable coin. She has a history and a good track record. Given its low fees, transfer $ 99 million in the Litecoin cost just 40 cents, Litecoin is a strong candidate to become a really popular cryptocurrency.
At the time of this writing, Litecoin is trading at 115 USD.