LTC has consistently shown enough backing by miners and traders to survive as an alternative cryptocurrency.Scrypt ASIC-resistance may have fallen, but it does have the advantage that scrypt miners need a coin to mine or their equipment is useless.LTC is the leader of the pack of hundreds of altcoins, see Crypto-Currency Market Capitalizations.But in a world where network affects dominate, bitcoin is the unstoppable gorilla.Especially once we work out how to peg sidechains to the bitcoin blockchain, bitcoin will be the only store of value of real significance.Today, BTC has 35 times the market capitalization of LTC, and that ratio will probably get higher.Whether to support altcoins or not has been pretty controversial in the bitcoin community.As bitcoin becomes broadly adopted, however, it also becomes subject to scrutiny and attention, taxation, and government rules and regulations to potentially run afoul of.There will always be a market for altcoins that are more obscure, or just more fun, like Dogecoin or Clams, among many others.

What is your Litecoin price prediction and why?(self.litecoin)submitted by Tbh I was never really on the Litecoin train after seeing it kinda lag behind other cyrptos like Dash and Monero, but idk in my gut I feel like Bitcoin is gold and Litecoin is silver... No way it's going to be at $4 in the future, how low/high will the price go do you think and why?π Rendered by PID 13072 on app-239 at 2017-06-24 11:06:02.781364+00:00 running 3522178 country code: SG.Litecoin used to be a top player in the crypto space, branded as the “silver to bitcoin’s gold”.During the 2013 bitcoin bubble, LTC was the #2 market and was highly correlated to the price of bitcoin.In 2013, bitcoin gained +11,000% and litecoin gained +500% over the price of bitcoin during its peak.The price of LTC hit an all time high of around $50 on some exchanges.The last major litecoin rally was during the summer of 2015, when a Chinese LTC Ponzi scheme managed to accumulate at least 20% of the entire supply.Most of that supply was instantly dumped and the LTC/BTC markets have been on a long bear trend since.

Litecoin lost its correlation to bitcoin after the summer pump and was left behind during most of the year long BTC bull trend.bitcoin binary bettingThat said, its USD value has remained somewhat stable and consolidating within a tight range.bitcoin forum ircAlthough litecoin hasn’t been a very good market to trade for most of 2016, it’s possible that this rock is a sleeping giant ready to rise from its slumber.bitcoin windows rtHere are four reasons why litecoin may hit a bullish trend reversal in 2017.bitcoin as money boston fedRecently the People’s Bank of China cracked down on major crypto exchanges.bitcoin to usd candlestick

The result being that they stopped all margin trading and have eliminated the zero fees model.litecoin pool rateThis means that Chinese traders can only play in the spot markets and will have to devise entirely new strategies for making profit.litecoin gainThe only way to make profit on the spot markets is to buy low and sell high.ethereum value predictionTraders can no longer short by selling coins they don’t have.ethereum rate euroIf they want to be a participant in the crypto markets they need to own some coins.ethereum sellersThe larger bitcoin bull trend is still intact but likely due for several months of consolidation, perhaps forming a large symmetrical triangle.bitcoin merchants new york

Generally speaking, when the price of bitcoin stabilizes, liquidity shifts into the altcoin markets.raspberry pi bitcoin caseAs it turns out, the only altcoin market available on the top Chinese bitcoin exchanges (OKCoin, Huobi and BTCChina) is litecoin.bitcoin mining with raspberry pi worth itGiven the choice between the two markets, the percentage gains for moving a smaller cap market like LTC can be much higher.bitcoin-qt wallet backupAccumulating litecoin at the bottom of its price range is also a cheaper option than accumulating bitcoin at the top of its range.bitcoin etf predictionGame theory would suggest that buying litecoin has more profit potential.bitcoin etf cnbc

Litecoin is the only altcoin that trades more volume in fiat than against BTC.bitcoin mining rig raspberry piThe majority of litecoin’s volume is actually in CNY, which means the markets could take on a life of their own and easily become non-correlated to the price of bitcoin.blockchain bitcoin smsLitecoin is currently in the process of trying to help bitcoin’s scaling debate by moving towards the activation of Segregated Witness and Lightning Networks.bitcoin calc difficultyLitecoin founder Charlie Lee stated in a recent post: “Until SegWit, LN, and Confidential Transactions, I didn’t see a need for Litecoin to come out to help test features before they are on Bitcoin.bitcoin miner with raspberry pi

So I was happy to let Litecoin go on without a lot of development.ethereum buy sell holdHence my tweet about Litecoin not needing development.ethereum euro chartBut with SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock.josh jones bitcoinLitecoin can take a lead and be a positive force in the cryptocurrency space.litecoin rate dollarWe have been drafting behind the Bitcoin race car for many years.bitcoin mining greeceIt’s about time to take a turn out front.” If Litecoin implements these changes before Bitcoin, this will completely change the network’s fundamentals and offer something new to the ecosystem.bitcoin mh/s gpu

That alone has the potential to attract market interest from crypto traders.bitcoin cryptography explainedThe Litecoin network’s hash rate is starting to show exponential growth.bitcoin fobSometimes a coin’s price can be correlated to the amount of hashing power on the network.is litecoin going to riseThe increased difficulty means that miners need to spend money in upgrading their equipment to be more efficient.ethereum microsoft blockchainIf the cost of mining coins is on par or greater than the price, miners will hoard coins instead of immediately selling on the markets.bitcoin miner raspberry pi

Litecoin is currently the second most secure blockchain in the world and it doesn’t seem like the market value is reflecting this achievement.bitcoin asic buy nowIf there’s one thing that can be said about the markets, it’s that trends don’t last forever.bitcoin nvidia sliAny market that’s still alive with decent liquidity tends to go through cycles.vcc paypal bitcoinLitecoin currently ranks #3 for crypto trading volume and is #4 for market capitalization.blockchain sms to bitcoinLTC is currently at its lowest BTC satoshi value in years.bitcoin core is shutting downGiven that this is still one of the top crypto markets, it wouldn’t surprise me to see a bullish trend reversal in 2017.most expensive bitcoin miner