Litecoin Is Up More Than 50% This Week And May Be On The Verge Of Widespread Acceptance
While many cryptocurrencies have hit tough times as of late, most namely Bitcoin, Litecoin is having an outstanding run. Two months ago, we told you how Litecoin could replace Bitcoin as the hot new cryptocurrency after experiencing explosive growth. Now Litecoin is rising yet again due to several factors that include a possibility of achieving widespread acceptance.
Litecoin is up more than 50% over the last week according to Coinbase at the time of publication. Litecoin’s value was at $109 on Feb. 2 and at the time of publication the price was at $218 according to Coinbase. Even for volatile cryptocurrencies, that is a remarkable jump. There are several factors for Litecoin’s recent swelling value.