Forecasts on Litecoin 2018 prices: Litecoin seems to be on the rise! – News on Litecoin's forecasts – Tue Aug 28

Pricing of Litecoin 2018 prices. Litecoin seems to be increasing in the long term. This is why many investors are trying to predict Litecoin's forecasts for 2018. It is important to realize that Litecoin is actually similar to Bitcoin and Ethereum. Only when you are able to keep this factor in mind, would you be able to predict the price more easily.

Litecoin 2018 Pricing Predictions:

When it comes to price forecasts, most people think that Litecoin would be able to close approximately $ 600 in 2018.

Currently, when comparing cryptocurrency on the market, Litecoin is one of the largest cryptocurrencies. Many institutional investors, as well as cryptocurrency funds, are also investing in Litecoin. This is why Litecoin transactions increase day by day.

If you are looking to invest in Litecoin, you could get good profits for the whole year according to Litecoin 2018 price forecasts. As always, it would be a good idea to diversify cryptocurrency holdings and significantly reduce risk.

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Litecoin Predictions: A solid net that exudes potential in 2018

Although some altcoins are gaining prestige and global relevance with each of them Day by day, Bitcoin is still hands down the most important cryptocurrency in the market with a growing appreciation of the benefits of the transaction that cryptography and blockchain technology can provide.

However, this does not mean that there is no room for growth and consolidation of their success points as businesses and companies. Among these, Litecoin seems to be the preferred option for experienced investors in the crypto universe. For reference, altcoins are all distinct cryptocurrencies of Bitcoin, the industry leader since 2009, and Litecoin may be the best, the safest and the one with the most unexpressed potential.

The abbreviated LTC, or Ł, Litecoin can be defined as a peer-to-peer cryptocurrency and an open source software project. It works with the MIT / X11 license and Charlie Lee created and developed it.

As in the case of Bitcoin and most of the altcoins, Litecoin is a decentralized entity, which means it works without a central authority or a governance agency. The system allows the creation and transfer of tokens, based on an open source cryptographic protocol.

The latest version of Litecoin is version 0.15.1, from March 2018. The C ++ language is the coded language and compatible operating systems are Windows, OS X, Linux, Android. The Litecoin core development team is responsible for development.

Regarding the information in the ledger, the timestamping scheme is Proof-of-work and the hash function works with the scrypt. There is a blocking reward of 25 LTC, around until 2019, which is halved approximately every four years. The average blocking time is 2.5 minutes.

Litecoin Technical Information

A bit of history: History of Litecoin

Litecoin (LTC) Historical Data

Litecoin saw the light of day on GitHub in October of the 2011 as a fork Bitcoin: was released in that month through an open source Charlie Lee, who worked in Google. The network / platform became active a week later.

We do not want you to get confused, so you should understand what a fork is exactly. It is the process in which a Blockchain diverges, or divides, into two branches. It can be temporary or permanent; hard or soft. The root cause is a change in the consent algorithm or other software changes.

Litecoin was a fork of the Bitcoin Core client, with some slight differences. He had a reduced block generation time of two and a half minutes; it had significantly more coins or tokens, a modified GUI (Graphical User Interface), and a different hashing algorithm using scrypt instead of SHA-256.

Since its inception in the cryptographic market, Litecoin has continued to grow and, in November 2013, its aggregate value increased considerably and recorded a 100% jump within 24 hours. Litecoin consolidated its position as one of the preferred alternatives for investors and traders worldwide, reaching a market capitalization of $ 1 billion in November 2013.

2017 was a crucial year for Litecoin. To begin with, they have become the first of the significant cryptocurrencies to adopt the SegWit (Secret Witness) system, which separates transaction signatures to increase the blockchain block size limit. Also, in May, it served as a host platform that allowed the completion of the initial Lightning Network transaction, with 00000001 LTC going from Zurich to San Francisco in less than a second.

Lee is still hungry for results and success, and tends to aim high:

Bitcoin vs. Litecoin

Differences from Bitcoin

Experts always state that, being a fork of Bitcoin, the two cryptocurrencies share many similarities and the statement can be true to some extent. Both share the same code base, are deflationary and use evidence of work mining, for example. However, the differences between them are more than palpable.

To begin with, it is evident that Litecoin's transaction times are much faster than Bitcoin's, which usually takes an average of 10 minutes to complete an operation. Litecoin stops the stopwatch at 2.5 seconds and, as you saw in the previous section, the number can be significantly lower. Ethereum, another of the most important cryptographic networks on the planet, is also in trouble with network and speed problems.

Litecoin's usability is what sets it apart from other alternative sectors and competes with Bitcoin for market share. People use it for standard procedures related to blockchain, such as lifting an intelligent contract, but they also have the ability, technologically speaking, to be used as a currency, as a legal currency.

Litecoin, also to provide the best environment for fast and secure transactions, also offers an economic option. The currently revised system implements the scrypt in its work test algorithm, which is primarily a sequential memory function that needs more memory than a non-hard-memory algorithm. The use of the previously described method makes Litecoin mining more difficult than Bitcoin, which is a negative point in the comparison, but nevertheless a difference.

Preferred coin of the dark web

Dark Internet has been incredibly advantageous for several cryptocurrencies. As a reference, we can say that he promoted the Bitcoin transaction several years ago. However, in the last solar year, some competing currencies have also started to show more prominence in this type of web.

The competition is stiffening! In a relatively short time, Litecoin can become the favorite cryptocurrency of all Dark Web users. It runs smoothly, is fast and, although it does not offer full privacy or anonymity (which are perhaps the first two requirements to complete transactions in this type of networks), is starting to gain steam.

Recently, several markets in the dark network have moved away from Bitcoin, which is understandable as it has an increase in rates and a lack of transparency as significant disadvantages. As a result, sellers and buyers are looking for new ways to manage payments effectively. Monero, another major altinoin, is receiving a lot of attention, but also presents some of the same problems as Bitcoin, because there are some concerns about privacy and the anonymity of Monero.

To the surprise of many, it seems that Litecoin represents 30% of the dark web transactions in the present, which is much higher than any other currency that is not Bitcoin used in the dark web at this time. With Bitcoin slowly disappearing from the dark internet, the battle for its market share seems to be between Dash, Monero and Litecoin, with the latter having a solid pole position

Although some of the activities associated with Dark the web is not entirely ethical or even legal, the fact that Litecoin is the preferred option here tells us positive things. People started to have problems with the inflated prices of the network, a consequence of Bitcoin's high commissions and they started looking at Litecoin.

Pro of Litecoin

• Litecoin is an open source project, which means it has the ability and flexibility to implement relevant and useful technological improvements, such as SegWit and the lighting network. In this case, it is an improved version of Bitcoin, which is logical since it was a fork of it.
• It is significantly faster than Bitcoin, completing the transactions in an average of 2.5 minutes, compared to the 10 minutes needed to perform A 'similar operation in the second
• Represents a cheaper option for the people trying to execute transactions, with a transaction fee almost equal to that of Bitcoin.
• The mining process can be simpler on Litecoin than in Bitcoin (although this concept is debatable, because it uses the new Proof of Work algorithm.
• It was created by a former Google employee, who brings a sense of reliability and reliability to the equation.
• It has a less "toxic" community because it does not have the reach of Bitcoin.
• It is considerably less volatile during market crashes or the corrections of some of its peers. [19659038] The developers and founders have demonstrated excellent leadership skills Ghout's Time: Charlie Lee left Coinbase as head of engineering with the intention of focusing full-time on the Litecoin project
• There are atomic swaps between LTC / BTC
• The presence of Lightning Network, a platform that promotes and promotes faster transactions
• The total offer of 84 million
• The market capitalization is m very low if you compare Litecoin with other tokens at the top of the market.
• The Chinese love it, which is an excellent marketing development as it represents the most significant pool of potential users.
• All hardware portfolios support Litecoin.

Against Litecoin

• People are still waiting for a countermove now that Bitcoin has added SegWit to its catalog of offers. With this development, Litecoin has lost one of the values ​​that have made it different.
• Because Litecoin is a fork of Bitcoin, or a new version of you prefers the term, implies that there will be few, if any, new and innovative ideas, which is something that the altcoins have to offer.
• Litecoin's market will be damaged in some way until the problem of Bitcoin downsizing is resolved.
• People's perception could damage the name of Litecoin. Many people seem to think that it is the same as Bitcoin. It could be a little while if it were to happen before Litecoin achieves the importance and sustainability that Bitcoin performs every year.

2018 Forecasts Litecoin

People are constantly talking about Litecoin and its main competitors, Bitcoin, Dash, Ripple, Monero and Ethereum. However, what does the future hold for them? Could it be possible that Litecoin, continuing with a recent trend, will continue to grow and exceed the projections set for this year?

By the way, experts from various circles have pointed out that Litecoin has the basis for reaching new heights in 2018. Some people talk about an increase that can bring its value to the $ 500 or $ 600 range, a & # 39; incredible percentage growth if sustained.

According to Forbes, there are at least five reasons for optimism when it comes to projecting the outlook 2018 of Litecoin. The first is that the growth of Bitcoin and futures trading, which has pushed up its prices. We can safely say that any positive development in the Bitcoin community directly benefits Litecoin, not only because it drips towards Litecoin and other cryptocurrencies, but also because the added traffic inside the Bitcoin network makes transaction fees rise and clogs the system, causing the migration to the Litecoin project.

In addition, there is a substantial influx of users on Coinbase, which is a cryptocurrency brokerage that is currently recording trends. It supports three cryptocurrencies, one of which is Litecoin. Since Coinbase adds 100,000 new users a day, it's a positive gain.

In addition, people are starting to turn around Litecoin: they are starting to understand that, in some ways, it is similar to Bitcoin, but it is also faster and entails significantly lower transaction costs, just to name an example.

The Litecoin network invites users who want quick and fast solutions involving cryptocurrency and blockchain technology, and since they are popular right now, they will not want to miss the revolution. As a result of this phenomenon, people prefer alternatives like Litecoin compared to those that require more reflective research.

The last reason that presages the future success of Litecoin is the attention of the media that started taking recently. Being in the public eye will ensure that this alternative is among the preferred options in the crypto universe. Artists, entrepreneurs, businessmen, doctors and even athletes talk about it! At least JaVale McGee, an NBA champion with the Golden State Warriors, is:

After a few years of consolidation among the top ten cryptocurrencies and transactional networks, Litecoin seems ready to break in and really get there. élite been, but there is work to be done and growth to be achieved.

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How embarrassing it is! Litecoin's payment platform closes before launch

Things are not always what they look like when it comes to cryptocurrencies.

fool.com

We are likely to discuss the performance of cryptocurrencies in 2017 for a very long time. The increase of over 3300% of the market capitalization that virtual currencies registered last year could be the single largest year ever seen for an asset class.

Bitcoin, the most precious cryptocurrency in the world and the most likely to be accepted by merchants around the world, is often attributed to driving these gains – and in the long run, it's true. However, the second half of 2017 focused on other cryptocurrencies emerging from the bitcoin shadow. Among these was what I call the main bitcoin rival, Litecoin.

Litecoin makes a name
In 2017, the Litecoin token, the LTC, raced higher than over 5,200%, or about four times more bitcoin itself the last year. He had a real list of catalysts that made investors excited about his prospects of signing up for merchants and giving bitcoins a run for his money (completely wanted wordplay).

For example, the founder of Litecoin Charlie Lee quit his job at the Alphabet Google subsidiary to work full-time on the promotion of Litecoin starting in June 2017. Having the presence of Lee full-time was considered positive because there was he expected that he would work to keep Litecoin on track and accelerate the mass adoption of virtual currency.

Litecoin holds a number of competitive advantages over bitcoins that suggest it could really speed up adoption and process transactions quickly. For example, bitcoin processes a transaction block approximately once every 10 minutes. Considering that about six miners validate a transaction on the bitcoin network before it is proven true and added to the blockchain, a bitcoin transaction may take more than one hour to settle down. While it is still much faster than the current banking system for cross-border transactions, it is relatively slow compared to other cryptocurrencies.

Comparable, the Litecoin blocks are processed in a quarter of the time, about 2 1/2 minutes, which leads to faster validation and clearance, and the presumption of being able to scale their network much more quickly than bitcoins. In addition, Litecoin's transaction fees are, on average, considerably lower than those of bitcoin.

In all respects, Litecoin seemed like a medium of exchange that would one day overcome the bitcoin when the curtain fell in 2017. Then, things changed.

The embarrassing gaffe of Litecoin

In mid-February, with the cryptocurrencies that were wavering from their first major decline over the years, Litecoin caught fire. Although a number of catalysts helped promote the LTC token, the biggest of all was the announcement that LitePay, a payment platform specifically designed to support Litecoin (although developed independently of Litecoin), would be live from 26 February 2018.

Litecoin had asked to join BitPay but was denied. So the development of LitePay should have been revolutionary. It would allow users of mobile devices and desktop computers – and perhaps even linked debit cards – to purchase Litecoin tokens and token assets, which could then be transferred to legal currencies, such as the US dollar, the British pound or the yen Japanese. A charge of 1% per transaction was expected, with the ultimate goal of accelerating the adoption of the LTC token as a medium of exchange. And most importantly, transactions would stabilize almost instantly, reducing concerns that retailers would have to encrypt volatility in their margins.

Unfortunately, LitePay turned out to be nothing but a mirage, and now Charlie Lee, who would have promoted the project as a means of increasing the mass adoption of Litecoin, made him splash his whole face .

On March 5, a week after the LitePay was supposed to be released, its developers noticed in an email that it was still "checking all traders in perspective" and was holding card records "because of negative perception and drastic actions that card issuers have towards cryptocurrency companies ", as reported by CNBC.

But less than two weeks later, on 16 March, CEO of LitePay Kenneth Asare informed Litecoin, who was an investor in the LitePay project, which was ceasing all operations and planned to sell the company. In literally one month, Litecoin went from hypothesizing its payment platform to inform investors that the LitePay project was essentially dead.

The founder of Litecoin Lee wrote in a tweet: "Like everyone, we were too excited about something that was too good to be true and we optimistically overlooked many of the warning signs, I'm sorry for publicizing this company and promised to do better due diligence in the future. "

What you see is not always what you get
Cryptocurrency investors may have to get used to delusions like this Russian mountain to drive with Litecoin. You see, the cryptographic market is not regulated, which means it can be something of a Wild West when it comes to promotion, product development and partnership announcements.

For example, there has been mass confusion around IOTA at the end of last year after announcing the beta launch of its Data Marketplace – a blockchain-based network designed to allow companies to share or sell unused data – in November. About three dozen branded companies participated as market participants, providing critical feedback for the IOTA. However, somewhere in the IOTA announcement it was assumed that these companies were partners, pumping the MIOTA token (IOTA currency). The IOTA had to clear things up a few weeks later, which pushed the lower MIOTA token and took the wind from the IOTA sails.

Litecoin also had more than one case where things did not go as planned, beyond the LitePay gaffe noted above. In February, Lee denied that a separate group of developers were forging Litecoin in a new cryptocurrency known as Litecoin Cash; yet the Litecoin Cash forex actually happened (even if it crashed more than 95% from the hard fork).

The point is that surprises are becoming more of a norm than an exception in the encrypted market, and it is not something of the Securities and the Exchange Commission can go a long way to enforce the regulations. While regulation is often seen as the enemy of virtual currencies, an increase in supervision should help to lay the foundations and build trust with investors.

The question is: how long do we have to wait before the US government increases cryptocurrency supervision so these gaffes become a thing of the past? Until we have an answer, investing in virtual currencies will remain an incredibly risky business.

Charlie Lee's Vision on Litecoin [LTC] "The Bright Future"

ambcrypto

John Carvalho recently conducted an interview with Charlie Lee, the founder of Litecoin on his Youtube channel called "Bitcoin" Error Log ".

John focused primarily on topics related to Bitcoin and Litecoin and the recent changes that occur on both platforms.

Some of the points that Charlie, at the beginning, talked about Litecoin's place in the blockchain ecosystem. According to him, Litecoin can be considered a complementary Bitcoin and aim to implement better payment methods. Bitcoin focuses more on storing values ​​and thinks that both companies can work side by side.

Both coins act separately and believe that Litecoin is helping to improve the ecosystem in many ways and does not want to be harmful to Bitcoin.

The cheapest fares and the fastest transactions are the two best features of Litecoin. He mentioned that Litecoin will always be cheaper than Bitcoin because of its greater capacity.

Furthermore, further information was requested on the Litecoin Foundation. The Litecoin Foundation was established last year and is managed by Charlie Lee, who is the current Managing Director together with three other directors. They hired developers to improve Litecoin's operation and make it more user-friendly. They are currently working on Litecoin's main customer base and on increasing the Litecoin network by introducing new marketing techniques.

During the chat, he described the whole issue concerning the LitePay scandal. He stated that the initial idea behind LitePay's introduction was to simplify payment methods for their users using a credit card service for consumers. The company had invested $ 50,000 for the same. But the LitePay team failed to deliver the project and they noticed that the team did not have the potential to run the project. Subsequently, the LitePay team sold their assets and verified.

Regarding Abra's involvement with Litecoin, he said that the company has decided to migrate from Bitcoin smart contracts to Litecoin's network due to higher trading rates.

While comparing Litecoin and Bitcoin Cash, he said that both technologies are almost the same except that all Bitcoin owners will have default Bitcoin Cash due to which BCH supporters are more. He also said that the security of Bitcoin Cash is very low because it shares the same hashing function as Bitcoin, making it more exposed to hacks.

Charlie believes that any price change in any currency is due only to market rates and the underlying technology should not be responsible for it.

Towards the end of the session, he stated that Feasibility is the main feature that is missing from all transactions involving money. He says we can expect "bullet-proof and confidential" transactions to be implemented on the Lightning network within a year.

Finally, he mentioned some of the reasons why someone should keep or buy Litecoin; It provides a lot of value and you can use your money without being censored and transactions can be done quickly and effectively.

Johnny T, a fan of cryptocurrency, tweeted:

"Charlie, great interview! When will the confidential transactions be added to litecoin? Will it also be enabled by default?"

Another Twitter states:

"@ SatoshiLite use #litecoin bitcoin as my store of values, my investments, my daily transactions.I personally feel more comfortable with #litecoin.I tend to believe in you and litecoin more than I do bitcoin and the future to long term that I see better with ltc how it makes you feel? "

Coty Cech, a supporter of Litecoin says:

" Impressive interview, tone is hella monotono lol but the questions were quite detailed and pertinent.Large supporter of Litecoin , I'm glad you had Charlie on "

Cryptocurrency litecoin falls 10% after the processor payments & # 39; LitePay & # 39; it is closed; "We are too excited", says the founder of coins

According to reports from Monday, the Litecoin Foundation, a non-profit organization for the advancement of litecoin and an investor in LitePay, stated on its website web that LitePay CEO Kenneth Asare informed the organization of a "couple" days ago "that" has ceased all operations and is preparing to sell the company. "

" I am sorry to have advertised this company and to do better due diligence in the future, "said the liteco creator Charlie Lee, a tweet.

Monday, 26 March 2018

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