Litecoin has pumped for a few hours before declining a bit. Will it pump again or dump? A few parameters have to be considered:
- It is now on Paypal, like BTC, ETH and BCH
- The transaction fees are much lower than with BTC, and the transaction speed is higher
- It is much simpler than ETH - Do the people outside the cryptosphere understand what smart contract means?
- It looks less controversial than BCH - Although this parameter is subjective, Litecoin benefits from a better perception
In summary, Litecoin has the potential to go higher and to become a commonly used cryptocurrency in the near future.
Although it cannot double or triple (at least in the short term), it can easily be used for trading in order to make profits on a daily basis.
