Experts: Litecoin is preparing for fast growth

Litecoin is cryptocurrency, the sixth in capitalization size, now, but in recent months she, as well as many other cryptocurrencies, not the best period worries. However some analysts of cryptocurrencies say that Litecoin will become same popular as bitcoin soon.

After a LitePay project failure and also because of news about start of the main network EOS, practically nothing is heard about Litecoin recently.

Nevertheless, Gabriel Frantsisko from TMT Blockchain Fund believes that Litecoin will become one of the first cryptocurrencies which actually will become popular among consumers. For Express.co.uk he has said in an interview that:

"Litecoin prepares for break. This cryptocurrency is often called the stablest cryptocurrency. At the moment 84 million coins of Litecoin are in circulation. It is four times more than coins of bitcoin, and transactions also take place in this cryptocurrency 4 times quicker. In other words, the bitcoin is a gold, and Litecoin — silver".

According to Frantsisko, the Bitcoin will still be used as a valuable asset for investors while Litecoin will be actually used for payment.

"The bitcoin will be used as a valuable asset, and Litecoin will become one of the first cryptocurrencies which will be used for purchase of goods and services. This year Litecoin most likely will test the previous maxima if doesn't establish new".

Supporters of this cryptocurrency carry out the special company now under the name "Pay with Litecoin" which purpose to make this cryptocurrency popular for payment of goods and services.

Luke Shipli, the cofounder of R_Block, also believes that Litecoin expects sharp growth. Answering the questions Express.co.uk he has said that:

"Enthusiasts of Litecoin are very positively ready. They lay great hopes on promoting of Litecoin. If she is successful, then, I think that this cryptocurrency will take the third place in the rating of cryptocurrencies again".

Jacob Piotrovski, the CEO and the founder of Give Bytes, is also positively ready concerning the younger brother Bitkoin.

"Litecoin — definitely well proved and reliable coin. She has the history and the good track record. Considering his low commission collecting, transfer to 99 million dollars to Litecoin has cost only 40 cents, Litecoin — the strong candidate to become on the present popular cryptocurrency".