Most People keeps talking about Litecoin and its major competitors which includes Bitcoin, Ripple, Ripple, Dash, Monero, and Ethereum. However, what does the future hold for them? Is it possible that Litecoin, with this recent trend, continues to grow and eventually top the projections set for this year?
Experts have said that Litecoin, which currently trades at around $130, has the potentials & capability and also has built a strong foundation to reach new heights this year. Some people are considering an increase that could raise its value to the $500-$600 range, a great percentage growth if achieved.
Litecoin (LTC) Price Today – LTC / USD
Forbes indicated that, when we talk of projecting the Litecoin outlook of 2018, there are at least 5 reasons for optimism. The first is the growth of Bitcoin and futures trading, which spiked its prices. We can say that Litecoin will directly benefit from any positive developments in the Bitcoin community directly, not just due to the fact that it trickles down to Litecoin and other cryptocurrencies, but because the Bitcoin network’s added traffic raises transaction fees and clogs the system, which leads to migration towards the Litecoin project.
In addition, there has been a great increase in the number of people using Coinbase (a cryptocurrency brokerage). It backs three cryptos, and Litecoin happens to be one of them. It is a positive gain, since Coinbase on a daily basis, adds 100,000 new users.
Furthermore, people have started coming around Litecoin. They have come to realise that, in some ways, it has some similarities with Bitcoin, but is also faster and its transaction fee is also cheap.
After consolidating a few years among the top 10 cryptos and transaction networks, Litecoin seems set to break out and genuinely attain elite status. However, some work has to be done and growth to be attained.