Litecoin, while the silver against gold, Bitcoin, goes on stage in 2011 to help the disadvantages of Bitcoin. To this end, Litecoin was designed to offer a wide range of coins with a ceiling of 84 million unlike the 21 million Bitcoin capsules. Furthermore, the transaction speed of Litecoin is four times the Bitcoin. It is expected that this substantial speed and the four-fold increase in money supply will facilitate financial transactions and reduce the value of Litecoin when comparing with Bitcoin. Let's take a look at the 3 Litecoin price forecasts for 2018. Read the expectations on Litecoin's changes within this year
Apparently, Litecoin, with about 3.2 billion dollars, has the seventh capitalization higher market in the world of cryptocurrencies after Stellar with about $ 3.7 billion, EOS with about $ 4.5 billion, Bitcoin Cash with about $ 8 billion, Ripple with about $ 11 billion, Ethereum with about $ 20 billion and Bitcoin with around $ 110 billion. On the other hand, Litecoin's performance exceeded the Bitcoin and Ethereum in the last year with appreciation values reaching 2000%. Therefore, although the emerging cryptocurrencies are highly volatile, the forecasts of Litecoin prices for 2018 would be useful
With regard to volatility, please consult the Ripple price forecasts for 2018 to understand the process.
1. Wider use
With uppercase limits and faster transactions, the number of people using Litecoin should somehow be increased exponentially. However, Litecoin and other cryptocurrencies are linked to Bitcoin regarding the increase in the use of Bitcoin, which has higher utilization rates than other cryptocurrencies. This phenomenon is evident when comparing the price charts of these two currencies and, at this point, the correlation becomes obvious.
However, when SegWit (Segmented Secret) and a Lightning network are active, Litecoin could end well beyond Bitcoin's capabilities for now. For those unfamiliar with the SegWit or Lightning network, there are some technologies that enable faster cryptocurrency transactions with lower transaction costs; therefore, the Litecoin exchange is faster than Bitcoin and in any case costs less than Bitcoin in terms of the number of transactions. All these factors should be taken into account for any Litecoin price forecast for 2018.
2. The price of Litecoin tends to reach $ 1,000 in 2018
When I wrote this article almost a year before this day, Litecoin's price was around $ 80. The value of Litecoin was $ 313 at the end of November 2017, $ 230 at the beginning of January 2018, $ 65 in August and now at around $ 54. The more Litecoin is used, the more its price increases. There is a proportional increase in the number of developers working on it, with its utilization rates and the general price trend, which is expected to increase prices. In fact, I'm not sure why the price of Litecoin is low in this measure. Comparing with Bitcoin, it is faster, provides real value and the number of outstanding supplies is lower (58.239.528 at the time of this article).
Strictly speaking, when the Litecoin were created, Charlie Lee, who created it, thought it was used for transactions, but Bitcoin is meant for storing value. Therefore, Litecoin is silver and Bitcoin is the gold of the world of cryptocurrency.
In addition to all this, cryptocurrency investors try to limit their exposure by supporting their portfolio with various digital currencies. As a result, about 18% of those who purchase Litecoin also use Bitcoin, which strengthens the demand for Litecoin and establishes it as a substantial player in the world of cryptocurrencies.
So, not surprisingly, the value of Litecoin should reach or exceed the $ 1,000 limit. You can see that in recent weeks, with the same roadmap, other currencies, such as Ripple and Cardano, continue to grow and take market share.
As I said before, frankly, I feel somewhat confused and not understan because the value of Litecoin is so low. When I see the number of coins and the market capitalization, I tend to say that the price could rise to $ 2,500 to 100 billion capitalization, does not make sense?
3. Despite an optimistic outlook, Litecoin's price forecasts are full of uncertainty
In particular, the state regulations of the major player countries, such as China, Japan and the United States, of the world of cryptocurrencies promote the rise in the price of Litecoin and other cryptocurrencies. The Chinese ban on Bitcoin and other currencies last September is a good example, which clearly led to the encryption of all cryptocurrencies.
Here it is quite understandable to ask whether state institutions will be able to regulate the flow of Litecoin; after all, without being decentralized, cryptocurrencies will lose their meaning. This decentralization does not take Litecoin as above all regulations. For example, this would damage the value of the digital currency if the US government decided to restrict a company to receive Litecoin payments. In addition, the government, as in China, can close all cryptocurrency trade or prohibit ASICs (Application Specific Integrated Circuits) as well as other hardware from extraction or production. The point is that governments around the world are somehow strong to believe it or not.
Are regulations necessary?
Even if they can be effective, are these rules unavoidable? Currently yes. First of all, after the surprising growth of some cryptocurrencies, including but not limited to Bitcoin, in recent years there have been a number of fraudsters and fraudsters such as those who release misleading ICOs (initial offer of tokens, which will not be managed in this article ). Compared to the huge market size of $ 1.2 billion, the total $ 252 billion is clearly insignificant, but the cryptocurrency market is still evidently under the radar of the SEC and the IRS.
In fact, when I write this article, it was announced that IRS requested the name of those who invested and traded over $ 20,000 of cryptocurrency in the last year from Coinbase, which is a famous cryptocurrency exchange site. As a result, this is the reason why the market capitalization of cryptocurrencies is greater, the greater the motivation to regulate them, so all forecasts of Litecoin prices for 2018 are uncertain.
Where is Litecoin started in 2018? In reality nobody knows for sure. We can make plausible hypotheses considering its past and essential performance. So, there is no reason to believe that Litecoin will shine like a diamond regardless of its technological infrastructure or its price. On the other hand, the technology is not yet mature enough and it is not possible to know how it will react when the United States enters into force with a law. It can triple by the end of December and close the fourth quarter to $ 200.
In short, Litecoin's forecasts for 2018 are a sensitive subject and require serious points of view. Asserting that an analysis is sufficiently broad would be misleading. So, is there anything you would like to add? Did we miss something? Or do you say "spot on"? Please share what you think in the comments section below and do not hesitate to ask us any questions you may have.
What do you think of the Litecoin forecasts for 2018? What is your prediction for Litecoin? Thanks for reading!