Litecoin price predictions 2018 analysis: Litecoin seems to be on the rise! LTC Forecast
Litecoin price predictions 2018. Litecoin seems to be on the rise. In the last couple of weeks, it has risen by more than 30%. This is the reason why many of the investors are trying to predict the Litecoin price predictions 2018. It is important to realize that Litecoin is actually similar to Bitcoin and Ethereum. Only once you are able to keep this factor in mind, you would be able to predict the price more easily as well.
Litecoin price predictions 2018:
When it comes to price predictions, most of the people think that Litecoin would be able to close the year 2018 at around $ 600 or so. This would be a fivefold rise from the recent lows which it created in 1st week of February 2018.
In the past, this cryptocurrency has reached heights of almost $ 300. Since then, Litecoin almost fell to $120. It has been rising consistently since then and is currently trading around to $ 227.
See the cryptocurrency ticker at the end of article for current prices!
Things are going well for Litecoin:
Litecoin has launched Litepay. The announcement was done around Christmas season 2017. Since then, it has been under development. The launch of the network is actually positive news for Litecoin.
Moreover, many of the Litecoin investors are actually predicting a fork in Litecoin. If the fork does happen, it would be able to create tremendous value for the Litecoin holders. This is another reason why the value of Litecoin is rising consistently.
Also, with the help of the payments network, the transactions in Litecoin would increase significantly. If the transactions increase, the demand for Litecoin would also increase significantly. This is further fuelling growth in the Litecoin market.
Also, media is increasingly acknowledging Litecoin as well. It is being mentioned along with Bitcoin as well as Ethereum. This is the reason why Litecoin is gaining more and more limelight. As it gains more and more limelight, investors would also start investing in it. This would bring further momentum.
Currently, when you compare the cryptocurrencies on market, Litecoin is the 6th largest cryptocurrency. This is the reason why it is out of the limelight as well. Many of the institutional investors, as well as cryptocurrency funds, are also investing in Litecoin. This is the reason why transactions in Litecoin are increasing day by day.
If you’re looking to invest in Litecoin, you would be able to make some good returns throughout the year according to the Litecoin price predictions 2018. As always, it would be a good idea to diversify your cryptocurrency Holdings and reduce the risk significantly.
Legal Disclaimer: Smartereum does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice. Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is highly risky and speculative, and this article is not a recommendation by Smartereum or the writer to invest in cryptocurrencies or other ICOs. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Smartereum makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns small amounts of cryptocurrency.