LITECOIN , TO INVEST OR NOT TO INVEST?

DISCLAIMER : ALL THESE ARE BASED ON MY PERSONAL OPINIONS .

Litecoin , many cryptocurrencies investors/ traders will know that litecoin has been in the market for quite sometime .Litecoin is known to be the clone of bitcoin , the silver to the gold .However, it is slightly different compared to bitcoin . The coin supply of litecoin is scarce. Meaning that the value of litecoin is solely based on the demand and supply of the digital coin . Unlike bitcoin .Right now , there are 84million supply of litecoin in the cryptoworld.

Recent activities shows that there are tons of pump and dump activities in the digital currency world . Alot of newbies have just entered the market due to the recent bitcoin hype . Price of bitcoin rose from USD1600 TO USD 2900 in just a week time in the month of may however , due to correction , the value plunged down to around 2300 ish . Since that the value is constantly rising .However, on 15/6/2017 , the value plunged down to USD2100. However , the value of litecoin is hovering around USD23-USD27 , which i personally think that litecoin is undervalued due of its functionality.

Litecoin is the first cryptocurrency to adopt segwit . Thus making each transaction faster and cheaper compared to bitcoin.I believe in the future , companies will use litecoin to proceed any transaction due to the lower 'payment fees' required to be transferred from one individual to another which is the main purpose of decentralized blockchain technology , to cut off the middleman (banks) and cheaper transaction fees .

Litecoin's value in in the future will definitely surpass the value of ethereum (IMO). As for now , the spotlight focuses on Ethereum and Bitcoin , and when the hype starts to cool down , people will definitely divert their attention onto litecoin . Value of litecoin will definitely ( hopefully ) double or even triple its value at the end of 2017 , as people are starting to notice it .

I hope that my opinions will help you in trading / investing , BUT PLEASE DO NOT FULLY TAKE MY COMMENTS INTO CONSIDERATION . DO YOUR OWN RESEARCH BEFORE INVESTING IN A COIN.

• if you have other opinions or even comments on my blog ( good or bad) please put it on the comment section. Thank you and have a good day .