According to new reports, Litecoin has broken a new milestone after the Lightcoin Lightning network has reached more than 1,000 channels. According to Merkle:
All cryptocurrencies must constantly grow and develop. For Bitcoin and Litecoin, the Lightning network is now considered the “holy grail” of scaling and instant payments. It is not yet known whether this will be efficient, but it seems that everything is going smoothly.
Litecoin is still a popular cryptocurrency, despite the sudden fall in prices in 2018. Obviously, investors continue to believe in Litecoin technology. It is worth emphasizing that the ultimate goal of Litecoin is the existence of a payment solution that is used in everyday life. This is the “light” version of Bitcoin, which makes cryptocurrency more acceptable for the mainstream.
Litecoin has reached a new milestone as a result of the increased cost of LTC, and it is not by chance that these two events happened at about the same time. In addition, there has been a significant increase in cryptocurrency market capitalization. At the time of this writing, Litecoin is ranked 5th in the CoinMarketCap ranking with a market capitalization of $ 3.343 billion. Compared with yesterday's prices, Litecoin grew by 6.17%.
In addition, the increase in liquidity in the Litecoin network should be considered. Liquid funds now amount to about $ 7,000, but only a few weeks ago they were at $ 4,000. This is a huge increase in such a short period of time.
If the current price increase does not stop in the next few weeks, then we can expect that the Litecoin network will also continue to expand. In turn, this may even help raise the price. Maybe next month Litecoin will be able to go beyond $ 100 ?!
And what do you think about this?
