Bitcoin is currently attacked for its fragile structure which means the more transactions are made that more the network gets slower.
When it comes to Litecoin, the network seems to be fast and effective. It managed to handle more transactions than Bitcoin itself and are only at about 300 unconfirmed transactions. Of course we cannot compare directly Litecoin to Bitcoin due the fact the bitcoin is still the more used cryptocurrency, but still, LTC network is able to handle four times more transactions per second with much lower fees.
More and more people started to convert their holdings into LTC because of the claim that people were able to withdraw them using LTC.
I believe also that people also fear missing out on things. If you ask any trader they will tell you that watching a coin skyrocket after selling it there is no better feeling in the world. So maybe this is one of the many reasons why LTC price is going up.
Also, a lot of people missed out on Bitcoin as well and decided that while Litecoin is at a low price, it is a good idea to give it a shot.
Finally, Litecoin has momentum.
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