A lot has been intermittently said concerning Litecoin and its primary competitors, Bitcoin, Ripple, Monero, Dash and Ethereum. However, what is in the future for them? Is it possible that Litecoin, will continue with the recent trend, keep growing and top the projections set for this year?
Experts from various circles have pointed out that Litecoin, which is currently traded at approximately $130, has the potentials to cover new heights in 2018. Many people are hinting about an increase that can project it’s value to the $500 or $600 range, a wonderful percentage growth if it can be maintained.
Forbes has asserted that, there are at least five reasons for optimism and enthusiasm when it comes to projecting Litecoin’s 2018 outlook. The first being that Bitcoin’s growths and futures trading has spiked its prices.
It is therefore safe to say that any positive improvements in the Bitcoin community correlates to a benefit in Litecoin, because, it not only trickles down to Litecoin and other cryptocurrencies, but because the boosted traffic within the Bitcoin network hikes up the transaction fees and clogs the system, thereby inducing migration towards the Litecoin project.
Litecoin Predictions: A solidly built network that oozes potential in 2018.
Notwithstanding some altcoins are beginning to earn prestige and global relevance every day, Bitcoin is still the most prominent cryptocurrency in a market having increasing appreciation of the benefits of cryptography and the blockchain technology to transactions.
Meanwhile, that doesn’t mean that other altcoins do not have space to grow, and claim their spots as successful ventures and companies. Through the list of then, Litecoin has been observed to be the preferred option for clear-sighted investors in the crypto universe.
Bitcoin, the industry’s leader since 2009, has produced distinct cryptocurrencies called altcoins Litecoin may the most secure, elite and currently the one with the most untapped potential.
Litecoin, (LTC or Ł) can be defined as a peer-to-peer cryptocurrency and open source software project.
Just like Bitcoin and most other altcoins, Litecoin is a decentralized body, which goes to say that it performs its functions without any central authority or governing entity. The system permits, in compliance with an open source cryptographic protocol, the creation and transfer of tokens.
The Litecoin Core Development Team is directly in charge of the development. The latest version of was Litecoin released in March, 2018 is the 0.15.1 version. The code language is C++ while it is hugely compatible with Operating Systems like Windows, Android, OS X, Linux.