Litecoin has been on an extended down trend dew to many factors of FUD news surrounding development of the code base. This news was false and pushed by more than one large media outlet to ensure they could scoop up cheap Litecoin. Further to this Litecoin has undergone it's halving event many speculated the network would fail as miners left but the hashrate has stayed strong.
Litecoin is a good solid long term buy in our view with large potential to move up the market cap rankings.
Further more with the development of privacy aspects of Litecoin this is one to watch for the future.
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