Back in February, Litecoin creator, Charlie Lee predicted that Litecoin will flip the Bitcoin Cash and it has finally happened. Meanwhile, Litecoin adoption is going to take a huge boost as the addition on the CoinGate platform will make it available to over 1000 merchants.
Litecoin in Action
Litecoin has gone ahead and beat the Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (SV) to the 7th position. With a market cap of $1.4 billion, the 7th largest cryptocurrency is currently trading at $23.83 with 24 hours gains of 0.87 percent. It is currently managing the daily trading volume of $320 million.
A week back, Litecoin has been on the 9th position below BCH, BSV, and EOS. However, LTC has beaten all these cryptos as Litecoin creator Charlie Lee has predicted. Back in February, this year, Lee has Tweeted,
People are excited with this flappening as one Litecoin enthusiast shared this interesting Tweet,
Bitcoin Cash: $1,400,643,926.00
🔥Flappening: 96%🔥 to celebrate the inevitable here is a gif @SatoshiLite @DaddyCool1991@cryptolili @I_Make_Lemonade@NickSzabo4 @iamjosephyoung @bensemchee @codeyvargas_ @Excellion @APompliano @cryptorecruitr @rallyqt pic.twitter.com/U9FmTbm3XO
— johnkim⚡️Chief Evangelist 🌎 #IgnitetheFireLTC🔥 (@johnkim77) December 14, 2018
Bitcoin maximalist, WhalePanda also congratulated Charlie Lee on this flappening,
In the past one month, Litecoin has dropped from $43 to the $22 in tandem with Bitcoin and just like the majority of the crypto market. At the moment, Litecoin is down more than 93 percent from its all-time high.
Apart from seeing action in the market, Litecoin adoption is also going to get a swift kick as Charlie Lee shared,
“Even Litecoin will soon have more than 1000 merchants accepting LN payments! Thanks CoinGatecom!”
CoinGate recently announced that Litecoin will be soon live on its platform,
@litecoin community, we bear some exciting news! Our #Litecoin #LightningNetwork is ready to be deployed and will soon be live on CoinGate! Keep up with the news as we’re getting closer! Here’s a little sneak peek @LTCFoundation @SatoshiLite @starkness! pic.twitter.com/QahcnFlYc5
— CoinGate (@CoinGatecom) December 13, 2018
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.