Litecoin explodes today. As I wrote the other day, Litecoin is one of the best crypto bargains out there. Litecoin will be over $100.00 before December. The more Bitcoin has internal friction, the more Litecoin will benefit. As we all know, Bitcoin had a hard fork in August with the birthing of Bitcoin Cash (BCH).
Since BCH inception we have seen what is known as chain hopping. Miners switch from mining Bitcoin (BTC) core blocks to mining BCH blocks depending on which one is more profitable and has easier algorithms. This is giving the see saw pricing between the two coins that has existed all month. Take a look at that article here https://steemit.com/bitcoin/@jetblake/the-reasons-for-the-seesaw-price-of-bitcoin-and-bitcoin-cash.
Another serious hurdle for Bitcoin will be this November regarding the SegWit 2X fork. It is quite possible that we will have a third Bitcoin (BIT2X) this November, which will complicate and confuse the market even further. Not to mention that this will also compete with the already diluted hashing power being spent to mine BCH and BTC. This Bitcoin drama will help to further promote LTC (Bitcoins valuable baby brother).
LTC is grossly undervalued. It has a four to one relationship with Bitcoin (BTC). Charlie Lee designed Litecoin to be similar to Bitcoin but he had 4 X the number of coins available to mine (84 million). This gives LTC a 4 to 1 ratio to that of BTC. He also, due to the governance of LTC, made it easier to implement improvements to the coin and it's protocol. It has proven to be the leader of innovation among the crypto currencies.
Litecoin was the first to implement SegWit (segregated witness)which allows for more data to be in each mining block since the signatures are no longer included in the same blocks. LTC has also implemented the Lightning Network which makes transacting in crypto's as fast as using credit or debit cards. It also looks like LTC will have the "Atomic Swap" feature allowing instant shape shifting into Bitcoin or other alt coins.
Vietnam is now legalizing crypto currencies. Much like the rest of Asia, LTC is extremely popular. Once Vietnam goes on line you will see huge demand for LTC. I think the current up tick in LTC pricing is already starting to price this in. LTC is now a serious contender to be one of the most widely adopted crypto currencies used in the world.
Litecoin fits the bill. It has always been a good time to buy LTC. Do not think you missed the boat on LTC. It has a bright future and it is only beginning. Do not wait until LTC hits 3 digits in price. Get it now while it is still a screaming bargain.