The FUDs (Fear, Uncertainty, and Doubt) widespread opposite Litecoin (LTC) is augmenting day by day, generally after a twisted information was common about the owner of Litecoin, Charlie Lee.
Now, the owner and one time worker at Coinbase pronounced he’s now prepared to confront those swelling FUDs opposite the altcoin.
“Recently, there has been a accordant bid to conceal Litecoin cost by people/funds that are shorting LTC and by groups that see Litecoin as a threat. we will transparent up this FUD and uncover because Litecoin has extensive value.”
Has Litecoin Lost Its Edge?
According to him, one of the FUDs that is being widespread about Litecoin is that the cryptocurrency has mislaid the corner and can’t compute itself from hundreds of other altcoins. This summary is all on Twitter and widespread by those who explain the cryptocurrency got the vital boost from inexpensive Coinbase listing.
Replying to the FUD, he said:
“Litecoin has one of the most secure networks of all altcoins. Litecoin has over $150MM of ASIC hardware safeguarding it. Litecoin dominates Scrypt mining by far.”
Talking Litecoin’s cumulative network, Charlie pronounced “Miners have no incentives to conflict the network because it will destroy the value of their ASIC hardware.”
Speaking further, he pronounced the cryptocurrency has a ton of liquidity, adding that Litecoin “is on most every fiat and crypto sell (Gemini soon), even more than ETH.”
More than Nine Payment Processors Supports Litecoin
Charlie pronounced the cryptocurrency is being upheld by over 9 remuneration processors among which are Aliant Payment, BTCPay, Coinbase, CoinGate, CoinPayments, Globee, GoCoin LTCPay, and TravelbyBit.
He pronounced the support from remuneration processors “makes it intensely easy for merchants to accept LTC. There are too many LTC merchants to count”.
Growing Daily Transaction On Litecoin
Charlie exaggerate of augmenting Litecoin transaction on daily basement which creates the cryptocurrency mount out among other altcoins.
“Litecoin processes $200MM value of exchange each day. And the network has worked exquisitely for 7 years! Litecoin works today as a tellurian decentralized sound money, that can’t be censored, can’t be topsy-turvy or taken away, can’t be counterfeited, and can’t be devalued.”
Adding another FUD, he pronounced haters of the cryptocoin are of the opinion that Litecoin is no longer indispensable since Bitcoin can scale with Lighting Network.
“ Many of the LN clients and apps also support LTC because they see the value of Litecoin. With atomic swaps, LTC interoperates with BTC on the Lightning Network.”