Litecoin price surges to moon as bitcoin network is tecnically broken

in #bitcoin8 years ago

In these days, bitcoin network is slowing down. Confirmations are slow and fees are rally high - average transation cost is over 20$.

So, users are moving to other coins, faster than Bitcoin. Prices reflect this movement: Bitcoin price is stable or slowly decreasing, altcoins are growing.

LTC rally.jpg

The older candidate for the role or "new bitcoin" is Litecoin, that in these hours is surging to the moon, because market expect that its importance will greatly grow. See the picture above: Litecoin has superated the 300$ level and it is
has grown at a rate near to +70% in last 24 hours.
Market cap is near to 18 BILLION $ and Litecoin is now the 4th currency for market cap.
In fact, mumber of daily litecoin transations is more than doubled in a few days (we are over 130.000 transations in last 24 hours. See at https://bitinfocharts.com/).

So, let's see what happen. Bitcoin is slowing and network is frozen. I suggest to move part of your liquidity into Litecoin and also Bitcoin Cash, to cover you from the BTC - decline risk.
Stay turned and have a nice day!

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