Friday, June 28, 2013

Litecoin is perhaps more than just the silver to Bitcoin's gold

The cryptocurrency economy has blown wide open. There may be twenty or more different cryptocurrencies competing for dominance in this emerging technology.

While bitcoins are holding a more or less steady value of $100/BTC, one of the favorite alt-coins, Litecoin (LTC) is currently undervalued at around $3/LTC.  Based upon six month trend reports, the value deviated from the difficulty graph which it had been clinging close to. When the coin is able to correct, it should be worth approximately $5/LTC.  Currently hungry speculators are holding the value of the coin down.

Mt. GoX announced they have plans to have LTC trading on their site in July. When that happens, if the litecoin has not already corrected, we can expect a correction and a surge in value as new traders will have access to it on the largets bitcoin market in the world.

I am working on pulling together a screencast to help Mac OS X users get the recently updated Litecoin client software installed.

In the mean time, you can check out litecoin.org.

If you want to buy some LTC, you can check out btc-e.com.  You can sometimes find me on the trollbox there, as the user "kewal".  Happy trading!


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