WHY THE PRICE OF LITECOIN IS GOING UP

Litecoin has risen

Recently the price of the big three (Bitcoin, Ethereum, Litecoin) has been very volatile (rapidly up and down). But out of the shadows of the previous two, one has begun emerging; Litecoin.

Everyone wants to know why Litecoin has gone up, almost surpassing Ethereum for the number two valuation spot. Next to every single analyst can tell you it went up, but they have no idea why. This is because they don’t have a background in economics or an understanding of money.

We have found the answer why. It’s even simpler than you think. The rising price has nothing to do with some algorithmic computation or some other long smart-sounding word no one has even heard of. It’s because of two very common sense reasons.

Basic Economics

Supply and Demand is the key reason why Litecoin has surged. Litecoin has a special relationship with Coinbase/GDAX. The creator of this altcoin was the head engineer for Coinbase. The more popular Coinbase becomes, the more people will buy it because (for now) you only have 3 coins to choose from.

Everyone understands diversification is key. More than likely, as people see the price of cryptocurrencies available on Coinbase fluctuate, they want to be safe and have more than just Bitcoin.

Transaction Speeds

At a working dinner, one of my business partners paid another partner back in Litecoin. It literally took two blinks to go through. Because of Litecoins scalability (networks ability to handle transactions faster), the blockchain can execute more transactions than Bitcoin.

Learn more about how the economy is changing and how you can capitalize on it joining the 2018 Great Wealth Transfer.