Litecoin price news: Is Litecoin crashing? Will LTC die? Latest as cryptocurrency falls | City & Business | Finance
Barhydt said: “We went with Litecoin as the second asset class, after bitcoin, for our smart contract investing solution for 3 primary reasons.
“1. commitment to bitcoin compatibility: core roadmap, p2sh support, lightning support, etc; 2. slightly better scalability than bitcoin in short-term (block size and block times); 3. mining fees which are primarily a function of #2 although this is more of a short-term benefit as mining fees would likely skyrocket if we’re successful anyway!.”
Such support from emerging start-ups is nothing to be sniffed at, and investors clearly listened.
It is, however, a risk to assume that Litecoin will rally after this news.
The entire market is suffering from a lethargy that is dragging them all deep into the red and a small PR boost is unlikely to salvage life for LTC.
The resistance of $125 needs to be maintained to keep everything ticking over, but the bulls have got their work cut out for them.