It has been quite an important week for Litecoin, to say the least. The Yours network announced they are dropping Bitcoin in favor for Litecoin. That is quite a major announcement, although it will not have an immediate impact on the price whatsoever. There is also a rumor Newegg may start to accept LTC soon, although that has not been confirmed at this stage.
Things Looks Good for Litecoin Right Now
The fact that a promising service is dropping Bitcoin in favor of Litecoin is quite significant. Although Yours has to establish itself in the market still, their desire to work with Litecoin is quite significant. Although Bitcoin makes a lot of sense for the Yours platform, Litecoin seems to hold the better cards right now. SegWit is activated on the network and the Lightning Network is coming to fruition as well.
When the Yours team unveiled Litecoin support, a lot of people were caught by surprise. Then again, the mounting Bitcoin fees force the company to rethink its strategy. Litecoin suits the platform a lot better than Bitcoin will in its current state. It will be interesting to see
Read more ... source: LiveBitcoinNews
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