Here’s the latest Litecoin news you might want to know:
Insight Chain market research: Only 10 percent of investors chose to take a long view of Litecoin
The research chain Insight Chain (INB) released the results of the Wright currency market research. A total of 693 valid questionnaires were collected in Insight DApp, of which only 10.9% of investors took a long view of Litecoin, and the proportion of bearish investors was about 57.5%. At the price level of $53, 79.4% of investors are at a loss, while 19.9% of investors have a loss of more than 50%, which means that the number of investors who bought the Litecoin in June or before this year is still Quite a lot. In the choice of stop loss, 31.9% of investors chose to sell stop loss when they fell below 45 US dollars, accounting for the largest proportion, while the proportion of investors holding long-term holdings was about 19.5%.
Foreign media issued: Litecoin is better than Bitcoin in three aspects
The Zycrypto website recently published three main reasons for investing in Litecoin over investment in Bitcoin by analyzing the various elements and mechanisms of Bitcoin and Litecoin. First, Litecoin exchange speed is much faster; second, Litecoin is more comfortable and convenient for payment and trading; third, Litecoin mining consumes far less resources than Bitcoin.
Charlie Lee: I hope the community will surpass the limits of speculation
According to Ambcrypto, Litecoin LTC founder Charlie Lee recently said at a blockchain industry conference that users of digital currency are mostly at the stage of speculation. But he hopes that the community can go beyond the limits of speculation and realize that Litecoin is a sound digital currency. He also believes that humans may need a generation of time to realize the value of digital currency in terms of freedom of acquisition.
Charlie Lee: Litecoin will always be the cheapest and fastest on the lightning network.
According to the report of bitcoinist, Li Qiwei issued a message on Twitter that recently the Litecoin price was threatened by people trying to suppress the price of Litecoin through FUD. In this regard, in order to explain the high security in the network, he stressed that the miners lack the motivation to attack it, because it will devalue the $150 million in hardware investment. Regarding liquidity, he pointed out that nine major payment processors support Litecoin transactions, and the network handles $200 million in transactions per day. He added that Litecoin will always be the cheapest and fastest on the lightning network.