As a digital asset, Litecoin LTC attracts more users to its network because it is cheap, fast and reliable. It is often considered a better choice than Bitcoin. Litecoin has caught the attention of the media, so many investors want to invest in it.
After years of leading the way with other top-level cryptocurrencies, Litecoin is expected to break through its current state - but the team behind it has made a lot of effort. At the time of this writing, the cryptocurrency is currently $55.55.
In November 2017, LTC traded at $100 per coin. Next month, the litecoin transaction price is much higher, and its price soars to $331 per token. Despite this, this year is not just the Litecoin, but there are other altcoins, which are seriously declining.
Perhaps one of the effects on LTC prices is due to bitcoin market activity (it is a branch of bitcoin coin, like all other cryptocurrencies on the market, Litecoin has not been successfully decoupled from BTC). As bitcoin prices reach a low of $6,000, LTC prices will recur, reaching a price range of $50-60.
We should not forget that the value of BTC has increased by 1300% this year, while the value of LTC has soared. As a result, encryption has soared by 2400%. As we witnessed before the end of last year, LTC is gradually recovering from the decline in bitcoin prices.
Looking ahead, although LTC is slowly recovering from the pullback, it is likely to reach $1,000 before closing in 2018 and $10,000 when it landed in 2020 - but it depends entirely on a number of factors, Forbes.
First, the future growth and peak of Bitcoin will play a key role. It is important to know that the positive shift in the world's leading cryptocurrency bitcoin will have a positive impact on LTC on the right. This is mainly because if there are more transactions on the Bitcoin network, it will increase the transaction, and then, for other altcoins, especially Litecoin, positive things will follow.
Second, the extensive use of the Litecoin protocol will also affect the price of LTC. Since Litecoin is considered to be similar to Bitcoin - but faster and cheaper than Bitcoin, it may have a greater impact on the price of Litecoin over the long term.
Last but not least, Coinbase's determinants we know that Coinbase is one of the leading encryption exchanges in today's encryption market; however, investor inflows into Coinbase will also have a positive impact on the long-term litecoin price.
Litecoin has better usability than Bitcoin. Most investors use Litecoin as the standard for most blockchain transactions, such as smart contracts.
However, Litecoin is likely to hit long before the end of the year and long term. If you are confused about investing in Litecoin, you must pay attention to its price and value for a long time. The Litecoin is ready to break through, and we shouldn't be surprised if we see the Bulls start earlier than predicted.
