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Litecoin Price Prediction 2018: Is Litecoin Potential Higher Than Current Counterparts?

Litecoin Price Prediction 2018: Is Litecoin Potential Higher Than Current Counterparts?

Will Litecoin Go Up?

Albeit Bitcoin looms larger te the public consciousness, Litecoin is more developed te some ways. For example, Litecoin survived the implementation of SegWit (Bitcoin hasn’t…at least not yet). And to make matters worse, Litecoin mining pays 25 tokens for every block , while Bitcoin only pays 12.Five.

Thesis differences look petite at very first, but they could have outsize effects on Litecoin price predictions. Straks te this report, we’ll pauze down why SegWit is significant, when Bitcoin might reach total activation, and whether the two can coexist.

But for now, let mij waterput my cards on the table. Here’s what I do not believe:

  • I do not believe that Litecoin’s rise will crush Bitcoin.
  • I do not believe that Bitcoin will crush Litecoin.
  • I do not believe that either Bitcoin or Litecoin will crush Ethereum.
  • I do not believe that Ethereum will crush Bitcoin or Litecoin.

Or to be more specific, I don’t think any of thesis things will toebijten te the next 12 months. We’re a long way from a winner-takes-all fight te the cryptocurrency market.

Right now, the industry is spil sensitive spil a newborn child. It kicks and screams at anything it doesn’t like, is intolerant of compromise, and can burst into tears at any uur (which is the omschrijving of ripping off 10% just to let off steam).

Wij have to wait till the industry grows up. Just like children transitioning to adulthood, the stark realities of the world will force adaptation and growth. Some will fall behind, turn sour, or abandon. A successful few will dangle on.

Will Litecoin be one of them? I think so.

Of the almost 1,500 digital currencies that exist, Bitcoin and Ethereum are the ones most likely to sustain, followed closely by Litecoin and Ripple. This is pretty much ter line with the history of business, which shows us that industries find stability with three to four players.

At that point, perhaps wij will see a winner-takes-all dynamic emerge among the various cryptocurrencies. Until such time, I think it is safe to assume that we’re playing a positive-sum spel.

Litecoin Price History

Litecoin is one of the few cryptocurrencies with a market cap te the billions. Specifically, $9.9 billion. Its price went through the same boom and bust cycle spil Bitcoin, almost exactly ter tandem. Both currencies spiked ter late 2013 before crashing perversely.

Ter terms of USD to LTC, you can argue that Litecoin is trading near its all-time highs. It is hovering ter the $180.00 to $220.00 range at the ogenblik, but it has a history of acute movements. I reminisce one day ter which Litecoin more than doubled .

That said, prices remained stagnant for much of 2014, 2015, and 2016. Then cryptocurrencies experienced a wedergeboorte of sorts ter the very first half of 2018. Prices soared across the houtvezelplaat.

LTC entered a boom period, te part because it gained listing on Coinbase, the most popular crypto trading toneelpodium ter the U.S. Spil soon spil investors could buy Litecoin without the hassle of going through Bitcoin, its price skyrocketed 855%.

Some people keuze that the relationship inbetween Litecoin and Bitcoin is akin to silver and gold, respectively. So Bitcoin is gold, the reserve asset to money, whereas Litecoin is silver, the industrial metal with real-world applications.

Blockchain Technology, Bitcoin Mining, and Halvings

Maybe wij should add setting for investors who are less familiar with cryptocurrencies. Here’s a quick primer on blockchain, Bitcoin, and Litecoin.

The very first thing you should know is that everything ter the world of cryptocurrencies—Bitcoin, Ethereum, Litecoin, initial coin offerings (ICOs), clever contracts—is less than Ten years old.

The technology that makes it all possible (otherwise known spil “blockchain technology”) very first appeared te a white paper by Satoshi Nakamoto. It showcased that the Internet is less free than wij think it is, because the Internet is connected by cables that run from our street corners to giant servers wielded by the world’s largest technology companies.

Nakamoto showcased the flaws ter this “client-server” prototype. But unlike most people, he didn’t just druppel the mic after delivering his critique—he actually did something about it. He devised blockchain technology, which is indeed similar to the Internet ter that it uses a entire network of computers to stay alive. Here’s the difference, however.

When you send an e-transfer, it runs from your rekentuig to a server and then to its final destination (presumably one of your friend’s or colleague’s computers). Ter blockchain, a record of that payment is recorded on all computers at the same time, but only you would be able to access it .

Well, you and the person you sent it to.

Access is granted by a unique “cryptographic” key. This method of transfer eliminates all the annoying middlemen from your transaction. It is rechtstreeks, secure, and frictionless.

But te order to use this amazing payments system, you have to use Bitcoin. The supply of Bitcoin is leisurely enhanced through a process called “mining,” which is effectively what drew rente ter the very first place.

Imagine being able to set up your computers to crack some complicated mathematical puzzle and ter exchange, you get bitcoins, which you’ll zometeen be able to use for actual purchases. It’s the wish. You waterput ter no real effort, bijzonder from buying the laptop and paying for the violet wand bill.

That said, the prize for “Bitcoin mining” decreases spil more bitcoins are added into circulation.

There is a specific uur, ter fact, called a “Bitcoin halving.” Having experienced two halvings already, the prize for Bitcoin mining is down to just 12.Five bitcoins vanaf block, which is significantly less than developers are getting for Litecoin mining.

Miners get 25 litecoins vanaf block.

Does the Litecoin Potential Compare to Bitcoin?

I can almost feel some readers rushing to the comments section. Unwind. I know that one bitcoin is worth more than 62 litecoins. That’s not the point.

Wij know that it’s possible for crypto values to make significant moves te a relatively brief time framework, so don’t judge Litecoin prices on where they are today. Think about where they can be tomorrow.

Litecoin has the potential to mimic Bitcoin prices…but it will need a growth glob ter popularity for that to toebijten. Fortunately, there is good news on that gevelbreedte. You see, Litecoin can transfer payments much swifter and cheaper than Bitcoin, which is partly why wij raised out Litecoin price forecast for 2018. It is simply a more efficient alternative. Users will eventually recognize this fact, because it’s their money on the line. No one wants to pay $30.00 to send a $100.00 transfer (some Bitcoin transactions reportedly cost this much!)

This wasgoed something that no one expected. Wij all thought Bitcoin would provide seamless payments, but it has succesnummer so many stumbling blocks. It hasn’t even activated “Segregated Witness 2MB” (SegWit2x, for brief), a chunk of code that would speed up transactions.

The trouble with a Bitcoin SegWit2x is that it needs most developers to get on houtvezelplaat. If you’ve everzwijn attempted to get more than Ten people to agree on anything, you’ll understand what makes this so difficult.

A petite group of insurgent developers attempted to activate the code ter November 2018, but they simply couldn’t get enough of the Bitcoin community on houtvezelplaat. Rather than split the blockchain yet again, they determined to abandon their plans. However, they are not gone forever. They promised to attempt again, meaning that Bitcoin’s internal conflicts are far from overheen.

Meantime, Litecoin is sailing along without much trouble. Just to paw salt te the wound, the founding team also released a white paper outlining how the currency plans to scale, something that Bitcoin is fighting to do at every turn. Talk about being ready.

Is Litecoin a Good Investment?

Litecoin’s success overheen the last few months makes it a standout performer ter the cryptocurrency market. Albeit it is presently facing the same lull spil the surplus of the industry, it will re-enter the next bullish cycle with a definitive roadmap for scaling. That is a big advantage.

Wij could commence to see developers and investors switch from Bitcoin to Litecoin, thus creating a rotation of resources to drive LTC prices higher. Also, because you can now buy Litecoin straight from exchanges like Coinbase, you no longer need to buy Bitcoin very first.

It used to be that investors switched U.S. dollars into bitcoin and then into litecoin.

Now that the transaction process is onmiddellijk from fiat money to litecoin, the need for BTC tokens will be diminished.

There are a lotsbestemming of asterisks ter this argument, of course. But none of them are fatal. Litecoin still holds an immense amount of possibility, which is why our Litecoin price predictions for 2018 range from $400.00 upwards.

While this acceleration would not be enough to catch Bitcoin prices, it might waterput Litecoin on par with Ethereum.

Related movie: How To Mine Monero With Your CPU (Intel & AMD)

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