Litecoin is a cryptocurrency and an open-source which came to life in 2017, inspired by and very close technically to Bitcoin. The fundamental idea of the project was to make a faster and cheaper to use alternative to Bitcoin. There are some comparisons between BTC and LTC. But you cannot define Litecoin without showing out some fundamental differences, such as instant and near-zero cost transactions, enhanced speed of adding a new block into the Blockchain and a scrypt usage in its Proof-of-Work process to make it simpler for regular PC users to mine new blocks upon ASIC miners. It is also one of the first cryptos that utilized SegWit.
Litecoin Forecast 2018
The first and the second quarter was terrible for LTC. When the value of the currency started to collapse at the commencement of the year, investors believed that it was just a normal retracement because the coin had a notable amount of success last year. But this time, the drop went too far. This has made coin holders to lose interest in the crypto and opted to trade the coin at a loss. But the present condition is in favor of LTC. The currency has started to pick up its values and showing some responses which have grabbed the attention of the investors. After the careful analysis of the costs of LTC, our predictors have stated that Litecoin will be experiencing a growth in its value by the end of this year and may reach up to $166.85 which is a 98.43% hike.
How high can Litecoin price go in 2018?
Litecoin is placed at the 7th position according to market cap with over 4.5 billion having frequent drops in the market. Litecoin is from bitcoin’s source code, and like bitcoin, it works on a blockchain. Charlie Lee has stated in the past he expected Litecoin to be the silver to bitcoin’s gold. But some fundamental technical differences have made Litecoin appealing recently. There are some unique features for the Litecoin which makes it more unique and widespread than the bitcoin. Our predictors have analyzed the cost of LTC and have declared that the currency will experience a hike in its value and the maximum price it may reach will be around $210.
Litecoin (LTC): History
Litecoin was delivered through an open source consumer on GitHub on October 7, 2011, by Charlie Lee, he was a former Google employee. The Litecoin network went live on October 13, 2011. Litecoin approached a $1 billion market capitalization in November 2013. In 2014, Litecoin version 0.8.7.1 was released that helped to eliminate some minor bugs and also countered the Heartbleed bug. In May 2017, Litecoin adopted Segregated Witness, a new type of consent layer, and also introduced Lightning Network, a super fast transfer protocol which enables transfer of Litecoins within a second.
Litecoin Price Today, Tomorrow and This Week
The recent changes in the market had a notable impact on the trading values of LTC. The costs plunged down, and the coin started to trade in the red. This continued for some time and many of the investos lost their hope in the crypto and sold thier coins off. But now, LTC is at the stage of recovery. LTC price today is marked as $85.40 with a market cap $4,905,614,813. The predictors believe that the amount is going to have a 1.67% change and will drop to $83.71. And it is predicted that by the end of this week the value of XLM will go up to $84.990 with a change of 0.16%. These values cannot be taken as it is, the market may fluctuate anytime. But these type of forecasts gives hopes to the investors to continue to fund in this crypto.
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