Litecoin, social medias favourite cryptocurrency. Litecoin is ranked 6th for market cap and is considered to be one of the major rivals to Bitcoin, simply because of it’s ultra fast transaction promise.

At the time of writing, Litecoin stands at $153.41, down 4.66% but still performing quite well in the grand scheme of things. The past few weeks have seen Litecoin make strong progress, with it’s new target of $200.00 firmly in sight.

Recently, YouTube channel Central Five Media have published a video called ‘TOP 3 REASONS WHY LITECOIN COULD MAKE YOU RICH’. First of all, I hate caps, sorry if you read the title in a shouty voice Secondly, I now want to take this opportunity to discuss the reasons outlined by Central Five Media.

Before we start, you can see the full video for yourself, here- #1
Timing, Central Five Media discuss that timing is key in ensuring investments have potential. Of course this is the case, in markets so volatile, you need to buy in at the right time, otherwise you will certainly see either a loss on your investment, or a poor return.

Time it right however, and your riches may be untold. Okay, the video doesn’t really highlight how this is specific to Litecoin, but I suppose what the video says is right, indeed, perfect timing, could make you rich. Read more from cryptodaily.co.uk…

thumbnail courtesy of cryptodaily.co.uk