Litecoin
Litecoin (LTC) Prices Could Mark $400 in 2018
Litecoin is one of the few cryptocurrencies that recorded the highest gains in 2017—over 7,000%. In fact, Litecoin delivered five times better performance than its peer Bitcoin. It beat our initial price target of $200.00, forcing us to revise our Litecoin price prediction for 2017.
Like most other cryptocurrencies, Litecoin is not controlled by any central authority or regulatory body. It was launched in 2011 and uses Bitcoin’s blockchain model. But in many ways, it overcomes Bitcoin’s shortcomings, like scalability and timing issues.
Litecoin is touted to be the better, cheaper, and faster version of Bitcoin. Because of its SegWit activation—which is an upgrade to Bitcoin’s slower blockchain model—Litecoin not only settles transactions at a much faster speed, it also charges much lower fees for each transaction.
Unlike Bitcoin, whose founder’s identity remains unknown, Litecoin has been created by a known figure—former Google employee Charlie Lee—who holds a public identity and interacts with Litecoin investors directly and spontaneously on Twitter and Reddit.
In late December, Lee publicly disclosed that he sold all of his Litecoin holdings to remove any conflicts of interest that could exist due to him being an insider. His transparent dealings have lent a great deal of credibility to Litecoin, attracting more and more users and investors to its platform.
Lee initiated a mass marketing drive in the last couple months of 2017 to promote Litecoin to the average laypersons. He is promoting this digital currency as a better mode of payment than Bitcoin since it is faster, cheaper, and less volatile to transact in.
Lee believes that a few years down the road, people will be using Litecoin for their payment needs, while Bitcoin will eventually become a store of value.
Needless to say, we’re bullish on LTC prices in 2018. To read our daily Litecoin news coverage and our Litecoin price forecasts, stay tuned to our updates here.
UNSTOPPABLE BITCOIN HEADED TO $50,000?
...when you opt in for our daily e-letter, Profit Confidential! Privacy Policy
Daily Litecoin News Update While the crypto market corrects, it may be reassuring for LTC HODLers to know that Litecoin is securing further acceptance in the investment world. In the past 24 hours, we’ve had two institutions launch new investment instruments for investors. Both of these include Litecoin.…
Daily Litecoin News Update Litecoin presents the best use case as a “payments coin." Social media trends are serving to bolster that assertion. For instance, one hashtag on "Twitter" is helping drive Litecoin adoption. #PayWithLitecoin is one of the top trending meaningful hashtags within Twitter’s crypto community. In…
Daily Litecoin News Update Cryptocurrency prices surprised us with more unpredictability in the past month than the erratic February weather. Litecoin (LTC), for instance, came in like a lamb and went out like a lion. The Litecoin price skyrocketed more than 70% in February, despite a marketwide price…
Daily Litecoin News Update The same week as Bitcoin’s new upgrade is rolled out, Litecoin developers release the Litecoin update in a bid to stay ahead of the curve. The just-released "Litecoin Core version 0.15.1" embraces lower relay fees. Just to be clear, relay fees are different than…
Daily Litecoin News Update On Thursday morning, Litecoin prices are managing to keep their head above water although a spate of distressing news is playing havoc with investor sentiments. Fearmongers are spreading fear, uncertainty, and doubt (FUD) that after "LitePay" failed to fully deliver on its promises, Charlie Lee’s…
Daily Litecoin News Update Litecoin prices have continued to dip in the hours following yesterday’s Litecoin news update. The drop is partly owed to the marketwide downtrend, but mostly due to the disappointing "LitePay" launch on Monday. But all this noise of a supposedly inferior product launch is…
Daily Litecoin News Update It’s somewhat distressing that Litecoin is the only crypto in the top 10 that’s trading in red on Tuesday morning. We had anticipated the price drop, but not for the reason under discussion today. LTC prices have taken a plunge in the aftermath of…
Daily Litecoin News Update While the broader crypto market remains flat, Litecoin is soaring on Monday morning. Litecoin prices are up more than 6.83% in the trailing 24 hours and, at the time of writing, the LTC to USD rate was around $230.00. There are good reasons why…
Daily Litecoin News Update We identify a pattern developing in crypto prices as crypto markets recover on Friday after a two-day slump. Prices seem to be following a routine here, whereby prices drop around mid-week and then begin to reverse their fall toward the end of the week.…
Daily Litecoin News Update The broader cryptocurrency market is correcting on Thursday and so is Litecoin. The LTC to USD rate is retracing its steps toward $200.00 but that’s not the number we're eyeing right now. The figure to watch is “41.” That's the number of countries where…
Daily Litecoin News Update Cryptocurrency prices are correcting on Wednesday morning after a neat rally earlier this week. The to-and-fro price movement is a given in this space, so let’s not sweat it. The Litecoin price is down about 13.7% in the last 24 hours but is holding…
Daily Litecoin News Update It's a slow news day in "C-town." Cryptocurrencies are faring reasonably well. There haven't been any nerve-racking surprises in the past few days. Litecoin has emerged as the star performer this month, beating the top three cryptos—Bitcoin, Ethereum, and Ripple. The LTC to USD…
Daily Litecoin News Update The bull is taking a breather this morning as cryptocurrency prices stabilize. The Litecoin price has dropped from its high witnessed yesterday. Just as we had expected, the pump ahead of the Litecoin hard fork and "LitePay" launch is deflating. As I pen this…
Litecoin: Breakout Implies Higher Prices What an incredible year 2017 was for cryptocurrencies. The entire sector finished the year on an incredibly high note. Then all the euphoria and enthusiasm that fueled this move quickly soured, and the whole complex came crashing down. To put things into context, at…
Daily Litecoin News Update Litecoin prices have posted a stunning rally over the past two days. Those of you who did not heed our advice to "hold on for dear life" (HODL) may be kicking yourselves right now. Cryptocurrency markets are indeed recovering from the crash, as we…
Daily Litecoin News Update What an exhilarating start to Wednesday morning! LTC HODLers are reveling in the stunning sight of the Litecoin price chart. Enthusiasts have been taking screenshots of the market cap rankings at CoinMarketCap. After all, we don’t come by moments like these very often. Litecoin…
Daily Litecoin News Update Cryptocurrency prices continue to seesaw between green and red. The recovery from the crash remains sluggish. But we’re not reading too much into the daily price movements anymore unless it’s a jumbo-sized swing. Instead, what we are focused on now are the indicators driving…
Daily Litecoin News Update It's a calm day in the otherwise stormy crypto world. There hasn't been much noise in the last 24 hours. Cryptocurrencies are trading in green. Litecoin, in particular, has been the second-best performer in the top 10 ranks with 7.36% gains in the past…
Daily Litecoin News Update Litecoin is neck-and-neck in a race with Bitcoin. We’re on the last lap now and the finish line is very much in sight. For Litecoin, the final milestone to reach is user adoption. In yesterday's LTC update, we shared that this is the final…
Daily Litecoin News Update The cryptocurrency market has partially recovered, and crypto prices seem to be taking a breather on Thursday. Litecoin (LTC) has shot up by over 42% following the massive cryptocurrency crash two days ago and, at the time of this writing, it's trading for an…
From: Michael Lombardi, MBA