Daily Litecoin News Update
On Wednesday morning, I stayed on the edge of my seat, biting my nails as I awaited the release of the first-of-their-kind cryptocurrency ratings. The expectation was that the ratings would drive fickle investors toward another sell-off.
I was wrong. Investors were unmoved. The ratings were a complete dud.
That’s actually a good thing because it shows the crypto space is slowly getting dominated by rational, disciplined “HODLers.” Litecoin included.
So, today’s Litecoin news is for these HODLers who are in this game for the long haul. It’s time to rejoice because the Litecoin Foundation has just put founder Charlie Lee’s marketing initiative into high gear.
The foundation is finally creating a formal marketing team to promote LTC. In a tweet, the foundation revealed that the team is looking for a leader. This is the first formal announcement since the Litecoin founder officially announced a marketing drive back in early December.
When the marketing push was first announced, Lee made public appearances on national television and radio shows to promote Litecoin. Through the first week of the marketing push, Litecoin was aggressively covered by major media outlets. It suddenly became the talk of the town. The marketing push lent LTC massive visibility.
By the way, if you’re interested in being the team lead, you could send in your resume to “email@example.com.” The incumbent will be paid somewhere between $3,000 to $5,000 a month. Sweet!
Anyhow, on top of this, the Litecoin Foundation blog also seems to have sprung to life. The blog, which had stayed relatively inactive, began publishing shareworthy posts this month. Take note that many of the other cryptos, most notably Ripple and Dash, use their blog more actively to promote their cryptocurrencies.
Bear in mind that ever since Lee made the push, LTC has exactly doubled in price, going from $90.00 to the current price of around $180.00. It has been an absolute joyride for early investors.
As for those late to the party, the recent downtrend owed to the South Koreans may have been underwhelming, but keep your spirits up. From where we see it, Litecoin is reaching new milestones each passing day. Adoption may be on track but a new marketing team will help accelerate it.
Long story short, our unwavering bullishness on Litecoin continues as LTC gets a formal marketing team this year. Our Litecoin price forecast is staying steady with an LTC price target of $400.00 for 2018.