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Price of LC

Will Litecoin Follow As A Payment Method?

If merchants decide that they want to accept Bitcoin as a payment method then Litecoin’s similarities mean that it will find it easier to become accepted. While Litecoin does tend to follow Bitcoin there is also the possibility of hedging taking place. Traders are looking to shift some of their assets as Bitcoin crests in order to limit any losses from a potential crash. This sort of behavior was observed just prior to the Bitcoin fork in 2017. When traders do this it has the potential to increase the value of Litecoin.

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