Litecoin came into existence with the purpose of mastering the one flaw that the crypto giants possessed. Charlie Lee the connoisseur behind LTC put forward, this crypto comprising many of the utilities that make the cryptocurrency space so unique from a security aspect while efficiently diminishing transaction prices. Litecoin is currently the 6th largest cryptocurrency in the market and is mostly adopted by e-commerce as a means of transaction, but where it shines is in the e-gaming space where it has won numerous devotees.
Litecoin Price Analysis 2018
In the year of 2017, LTC was the first among the top 5 crypto giants to utilize Segregated Witness; this gained the coin a rather special place in the virtual market. But, the year 2018 led to a notable setback for the crypto. It seems that somehow things started to go downhill for Litecoin, following February 2018 when the majority of currencies began to drop dizzily. LTC which kept its place among the top 5 cryptos from the very beginning fell back to 6th place. Litecoin has been working progressively on getting LTC to mass adoption, usually chasing after the same companies with the aim of building strategic partnerships. Hopefully, this turns out well for the coin, and it regains the lost spot in the crypto space. At present, the value of the crypto is $97.203 which is at +0.89% from yesterdays value. Prognosticating crypto values is an incredibly challenging task, and our predictors try to bring you the best likely outcomes. At the end of June 2018, LTC is expected to reach $152.34. LTC price is forecasted to reach$173.63 at the end of the year. Our predictors assume that by the end of 2019 Litecoin may worth up to $231.34. By the end of 2020, the supposed price of LTC would be somewhere around $300.78.
Litecoin Price Prediction 2018
Litecoin seems to be working on getting back to the top where it previously held the sixth spot on the global coin ranking list in accordance with its market cap. Litecoin had dropped below the price of 100$, to $94 which was the lowest the value the coin has hit in its history. But the coin made a swift recovery from this the very next day by rising against the dollar to touch the price of $96.91. Looking at this we can easily presume that it won’t be long before the coin pulls around to the 5th place in the virtual market Litecoin price equal to $97.203 at 2018-06-21, with a market cap of $5,549,422,707 and the volume sits at $265,366,000. The current supply of LTC is 84,000,000 LTC. If you buy Litecoin for 100 dollars today, you will get a total of 1.029 LTC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-06-15 is $841.736. With a 5-year investment, the revenue is supposed to be around +765.96%. Your current $100 investment may be up to $865.96 in 2023. With all these facts in the forefront, we can conclude that LTC is always capable of doing great things and it won’t be long before the coin is back in its old position.