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The crypto-silver Litecoin has doubled its price from € 84.28 to € 208.10 within 7 days, reaching a new all-time high. These days there are more unnatural price increases, with some coins doubling their price.

As early as 3 days ago we reported that NEM has doubled its course in just 24 hours. Likewise moved now Litecoin, whose course also seems to explode and has reached a new record price. Overall, Litecoin has over 300% share price appreciation within just one month. The reasons for this are diverse:

Charlie Lee (founder of Litecoin) has been in the media for the past few days, catching the eye of potential investors.
Bitrefill integrates Litecoin and thus allows the payment of vouchers and other goods.
Steam (a gaming platform) was previously used as a means of payment on the Bitcoin. However, since the fees of Bitcoin are incredibly high, now was looking for an alternative and also found: Litecoin. The transaction fees are in the cent range. The transactions compared to Bitcoin are very fast.
It is this fact that seems to bring users to Litecoin as a "transport currency" to move their cryptocurrencies between exchanges. Instead of directly transferring Bitcoin, Bitcoin is swapped into Litecoin and then maneuvered to the destination with the mentioned advantages.
From a technical perspective, the Litecoin is significantly better than the Bitcoin.
The Lightning Network, SegWit and Atomic Swap (still in the testing phase) are just some of the benefits that can be mentioned here. Particularly noteworthy is the atomic swap, which we briefly explain below.
An Atomic Swap works in the same way as different users send each other money, but there are some big differences. More specifically, it allows users to swap various cryptocurrencies without relying on centralized parties. For example, if user A has Bitcoin and user B wants Ethereum Classic, they can agree to a fixed trade price and complete the transaction immediately. Once atomic swaps work smoothly, this could revolutionize the crypto world.

Over the past 24 hours, Litecoin's trading volume on gdax.com, at $ 1,101,990,000, has significantly outstripped Bitcoin's $ 559,004,000. On Bithump and Bitfinex, Litecoin ranked # 2 of the most traded coins (according to coinmarketcap.com data).


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