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Wouldn't ETH be better than LTC for that? I wonder if that's why ETH is still rising now.
This was just a rumor that was spread by some people. It was also during the peak of Bitcoin
network congestion with 200k+ unconfirmed transactions. I could be wrong, but I remember that
the Ethereum network had similar problems with congestion during this time due to stuff like CryptoKitties?
I think there is at least a bit of truth to the rumor, because using LTC you could cash out your whole
balance from an exchange for less than 1 $ while Bitcoin confirmation times and transaction fees were through the roof
due to the spam attacks by the nefarious actors from the BCH fan club.
edit: I should clarify that I was talking about a period of time that was a few weeks ago and
not any current price action