LiteCoin seems to be on its way to restore the former glory. By that, I mean the price point of over 20 USD , and even as high as 50 USD, could be in sight again,
One of the reasons this goal could be achieved, is because LiteCoin is now added to BTCChina, the biggest Chinese Bitcoin exchange.
As we have mentioned before, there aren’t too many credible exchanges who offer their userbase to buy and sell LiteCoin with fiat currency.
The fact that BTCChina now does support it, could mean very big things for LiteCoin. As you should be aware of by now, most of the funds in cryptocurrency is coming from China.
Most noticeable, when opening FiatLeak, you can see tons of Bitcoin going over to China, whereas a very small part goes to the rest of the word.
Plus, Bitcoin has gotten some minor negative press in Asia, with certain countries steering away from Bitcoin as a currency
Now that LiteCoin will be on more people’s radar, things could definitely get very interesting for Bitcoin, LiteCoin, and all other cryptocurrencies out there.