Ready, steady, go: the smooth rise of Litecoin

Litecoin is one of the veteran cryptocurrencies out there and it has proven to be amongst the most solid and constant ones, however, it still feels this particular coin doesn’t get the attention it deserves. This is why we’ve decided to dedicate this short summary article to Litecoin, which is calmly rising. We can clearly notice major signs as to how forces started to become more focused on Litecoin. As you may have heard, Charlie Lee, the creator of the coin has recently gave up his position as Coinbase director in order to better focus on innovating Litecoin development, while BitGo (leading signature technology provider) revealed that they are supporting Litecoin and providing top services to Litecoin platforms. These are some important stages which show great potential for the entire Litecoin community.

Plus, ever since Segwit has been announced we’ve seen a clear increase in terms of demand for this currency. In the past 3 months, the market cap of Litecoin has increased to $2.5billion, showing a noticeable increase in a short timeframe. Litecoin has fast become the 4th ranked cryptocurrency, overcoming other coins such as Ethereum Classic, NEM or Dash. Litecoin is starting to gain some spotlight and we believe it’s only natural for this process to continue, especially since more technology companies have announced their involvement (such as The Massachusetts Institute of Technology). Litecoin may not have shocking boosts, but it has shown a constant growth and it is definitely giving a reassurance feeling to those investing in this coin. We’ll keep an eye on its development and keep you posted.