Litecoin on the Edge of Large-Scale Adoption, Best Time for Investing

This year, I mainly focused on Litecoin and found that Litecoin is being adopted on a large scale, so I predicted that Litecoin may explode, the reasons are:

1. Prospect of Litecoin Markets is Bright

In July of this year, Litecoin founder Charlie Lee announced on Twitter that he was working with TokenPay to buy a majority stake in German WEG Bank. The idea behind this initiative is to make Litecoin closer to end users, consumers, and provide them with an easy-to-use and inexpensive way to participate in real-life Litecoins.

Charlie Lee has positioned Litecoin in the use of cryptocurrencies for people's daily small purchases. H e said:“People are more inclined to use Litecoin instead of Bitcoin in their daily micropayments, because Litecoin has lower transaction costs and faster transaction.”

Now, Litecoin strives to be a daily currency, even without a computer, without a digital wallet, you can use it. Imagine you can apply for a Litecoin credit or debit card, purchase your cigarette or visit Starbucks, and pay with Litecoin through your card. How terrific it is!

This development will enable Litecoin LTC to access users without digital expertise. It links digital assets to ordinary people, this market penetration will give Litecoin a significant competitive advantage. It creates a demand that is not from speculative power, but a demand for everyday use by ordinary people. End users don't need to know any technical concepts, they will see their transfer costs drop dramatically, and they will love it.

2. Difficulty of Litecoin Mining is Increasing

In August next year, the mining difficulty of Litecoin will increase. The higher mining difficulty makes each block in the chain hard to calculate, so the production will be reduced. If the supply reduction coincides with the demand growth caused by Litecoin's real-world application, then the litecoin price will soar.

Then in September, there will be the Litecoin Global Summit. As the event approaches, speculation and rumors about possible announcements will also increase litecoin value.

Although Litecoin is still characterized as a altcoin, we have found that more and more Litecoin ATMs are appearing in Canada, the United Kingdom and other countries, and the Litecoin trading pair is also being listed by more and more exchanges.

Litecoin (LTC) is evolving into the first cryptocurrency potential that can be used by any non-technical person anywhere in the world as a local currency, making their lives easier, faster and cheaper.