Why LTC Will Take Bitcoin's Spotlight

Bitcoin and Its Problems

Over the course of the cryptocurrency scene Bitcoin has obviously been the innovator and favorite amoung most, until now. With the scene in rapid development and change Bitcoin seems to be the one left behind with not much effort or amendments. One coin that used to promise low fees and quickness is now slow and costs dollars to send per transaction. The community is split on whether to accept Segwit or not, and with the date quickly approaching a lot of uncertainty is in the air. The characteristics that once made Bitcoin great is allowing for the rise of a multitude of cryptos that are unique and different in their own ways. The one that fully takes everything bitcoin and just improves upon it being LiteCoin.



LiteCoin and What It Offers

LiteCoin is not new to the crypto world but as of late has been trying to make a name for itself. Just recently MIT released that they will be unveiling a LTC project on August 1st (also the day of the Bitcoin decision on whether to fork or not). With the possibilities endless the bonus this could give LTC are huge and pose little to no downside potential. LiteCoin also just got put onto BitStamp and the activation of the lightning network is right around the corner. Also unlike bitcoin LiteCoin has already activated with Segwit for the better. If that wasn't enough LiteCoin just recently hired their first full time developer to bring them to the next level.



Although you could argue that some of those points are speculative or shouldn't impact the price that much, I would say that LTC already has a lot going for it. Not only is average transaction fee about 10x less than Bitcoin the transaction speed on average is 2 and 1/2 minutes. LTC also has a very limited supply in terms of cryptos and a relative low market cap compared to bitcoin. I see a lot of upside for the future of LTC and its rise over BTC.