Traders are taking discover of Litecoin in 2014. Litecoin the Silver of cryptocurrency is right here to remain and the foreign money is ranked 2nd on coinmarketcap proving the cash as robust as ever by way of obtainable provide. The worth of cryptocurrency has been fairly erratic lately and now we have seen some pretty dramatic drops. However lets put this in perspective. The worth of Litecoin now remains to be nearly 500% increased than it was 6 months in the past. Bitcoin nevertheless is only a shade over 100% increased than its worth 6 months in the past. Transaction charges for Litecoin have additionally elevated by over 100% since late 2013. This exhibits the power, resilience and help for Litecoin.
I imagine that there are nonetheless massive earnings to be made out of LTC because it’s nonetheless early days. With the introduction of ASIC Mining Rigs later this yr I imagine that it will trigger the value of Litecoins to extend in worth. That is merely because of the truth that problem will undergo the roof and all of the remaining Litecoin GPU rigs is not going to be viable anymore. GPU rig miners might want to transfer to different lesser crypto currencies as LTC mining will not be worthwhile.
My recommendation for Litecoin supporters is that they need to be affected person and maintain on to their cash as there will likely be a worth surge for Litecoin in 2014. Simply as we noticed for Bitcoin in its youthful days. Though it is going to be unhappy to say goodbye to Litecoin GPU Mining there are some thrilling occasions forward for the Silver Cryptocurrency.
