Litecoin (LTC) Explodes, Is this the “Venezuelan Effect”?

Litecoin price surge, up 14.8 percent
Venezuela approves Bitcoin and Litecoin as remittance agents
Volumes explode as Litecoin (LTC) likely to close above $50It is only through Remesas, which has the support of the Venezuelan government and under its regulators, that users can send funds using Bitcoin and Litecoin. Perhaps, this move (not trusted by many) will further help pump Litecoin, up 14.8 percent in the last day.
Litecoin Price Analysis
Fundamentals
Even though Litecoin (LTC)–like