Quote from: GAUMZEE on December 13, 2017, 08:32:06 AM

Can anyone tell me the reason for the growth of Litecoin the jump in its value, also something interesting was that are performing a single transaction in 2.5 mins while bitcoin does in it 10 mins. Is this the actual numbers or are the averages being manipulated ?

Litecoin is a bitcoin fork, as many other coins outhere. Litecoin was made to have faster blocks they even implemented Lighting Network - SegWit before bitcoin... Today when bitcoin blocks are full most of the time people search for alternatives to transfer value beetween cryptocurrencies by bitcoin being the enrty point to enter the market. I was expecting litecoin to raise but not that much - many other coins are simply breaking new all time highs this can be due to new investors who don't see real point in investing into bitcoin itself and who think that they could earn more of altcoins. As of usage bitcoin is still number one but many companies are looking to integrate altcoins as payment options since bitcoin is slow and costly and because some people even prefer by paying with altcoins rather than exchanging them for bitcoin and then pay for goods and servieces.

Litecoin was made to be "lite" version of bitcoin their max supply is higher than bitcoin which is 84million (max bitcoin that can be creaeted is 21 million).