Popularly nicknamed the silver cryptographic space, Litecoin (LTC) was born in 2011 as a spin-off from the core Bitcoin (BTC). Ideally, cryptography is designed to counter some of the defects observed in Bitcoin as coins with low inventory and longer transaction times.
When it comes to price forecasting, no one can say exactly what the future holds for a particular digital resource. However, analysts of the cryptographic market pegulate their decisions about the performance and fundamentals of cryptocurrencies.
As I write this article, Litecoin (LTC) is in seventh place in terms of market size. The cryptocurrency is valued at $ 33.85 on CoinMarketCap, with a market capitalization of over $ 2 billion. Unlike the maximum supply of Bitcoin of 21 million coins, Litecoin has a maximum reserve of 84 million coins, exactly four times that of Bitcoin. At the time of writing this book, 59, 363, 999 coins are in circulation.
In the beginning, Litecoin significantly reduced transaction times. By increasing the money supply, it intended to conduct financial transactions with lower commissions than the BTC network.
Based on last year's performance, Litecoin's appreciation values reached 2000%. Therefore, even with the bear market that currently dominates the encrypted market, it is still worth discussing how the value of LTC could result in the next year.
Projection Litecoin 2019
To begin with, it is likely that more users will take Litecoin (LTC) on the basis of abundant supply and faster transactions. Like other cryptocurrencies, Litecoin is anchored to Bitcoin in such a way that when more people use Bitcoin, it is likely that more people use Litecoin. In addition, Litecoin has started SegWit (Segregated Segmentation) and Lightning Network to improve its scalability. These technologies facilitate faster digital transactions at low cost.
The exact figures are hard to say. However, Litecoin has better performance than Bitcoin. It is faster, has a real value and its circulating offer is low. Furthermore, with cryptor investors diversifying their wallets in different currencies, it is clear that a good number of Bitcoin users will also use Litecoin (LTC). This eventually creates an LTC request and solidifies it as one of the main actors in the cryptographic space. These combined factors give the cryptocurrency an optimistic outlook that could see the price of Litecoin firing substantially in 2019.
On the other hand, government regulations could influence the price of encryption, particularly countries considered important actors in cryptic space like the United States, Japan and China. A typical example is what happened when China banned the use of Bitcoin in September 2017, which caused the closure of all crypto trade.
Litecoin is one of the unpredictable cryptocurrencies on the market. In 2013, he grew up then fell; rebounded in 2017 and reached its all-time high. According to some analysts, cryptography could reach $ 400 in 2019.
The gray area of the cryptographic space
Even with expectations for Litecoin, the regulatory issue places another gray area in the encrypted space. This could also influence the price of Litecoin (LTC). Cryptocurrencies are decentralized, but that does not mean they are over regulation. For example, if the United States prohibits all payments in Litecoin, this could affect the value of cryptography.
This article is not a direct investment or a commercial guide. Consult an expert before investing in cryptocurrency.