3 Most Popular Litecoin Price Predictions for 2018 – Crypto News Today

Litecoin, as the silver against the gold, Bitcoin, get on the stage in 2011 for helping Bitcoin’s drawbacks. For this purpose, Litecoin was intended for offering an extensive coin supply with a maximum cap of 84 million unlike Bitcoin’s 21 million caps. Besides, the transaction speed of Litecoin is four times the Bitcoin. This substantial speed and four-fold rise in coin supply are expected to ease the financial transactions and lower the value of Litecoin when comparing to Bitcoin. So, let’s check out 3 top Litecoin price predictions for 2018. Read about the expectations on Litecoin’s changes within this year.

Apparently, Litecoin, with approximately 3.2 billion dollars, has the 7th highest market capitalization in the world of cryptocurrencies after Stellar with around $3.7 billion, EOS with around $4.5 billion, Bitcoin Cash with around $8 billion, Ripple with around $11 billion, Ethereum with around $20 billion, and Bitcoin with around $110 billion dollars. On the other hand, Litecoin’s performance outranked Bitcoin and Ethereum over the last year with appreciation values reaching 2000%. So, although the emerging cryptocurrencies are highly volatile in nature, Litecoin price predictions for 2018 would be beneficial.

Regarding the volatility, please check out our Ripple price predictions for 2018 for understanding the process.

1. Wider Use

With higher caps and faster transactions, the number of people, who use Litecoin, should be somehow exponentially increased. However, Litecoin as well as other cryptocurrencies are tethered to Bitcoin with regard to the increase in use of Bitcoin, which has higher rates of usage against other cryptocurrencies. This phenomenon is evident when comparing the price charts of these two currencies, and at this point, the correlation becomes obvious.

However, when SegWit (Segregated Witness) and a Lightning network are active, Litecoin may end up way beyond Bitcoin’s capacities for now. For those unfamiliar with SegWit or Lightning network, these are some technologies allowing faster cryptocurrency transactions with lower transaction costs; so, Litecoin exchange is faster than Bitcoin and costs lower than Bitcoin in any case in terms of the number of transactions. All these factors should be taken into account for any Litecoin price predictions for 2018.

2. Litecoin’s Price Tend to Reach 1000 Dollars in 2018

When I wrote this article almost one year before this day, the Litecoin’s price was getting around the 80-dollar mark. The Litecoin’s value was at $313 at the end of November 2017, $230 at the beginning of January 2018, $65 in August and is now at around $54. The more Litecoin is used, the more its price gets increased. A proportional increase in the number of developers working on it is expected along with its usage rates and the general price tendency, which should boost the prices. Actually, I’m not sure why the Litecoin’s price is low to this extent. When comparing to Bitcoin, it’s faster, it provides real value, and the number of supplies in circulation is lower (58,239,528 at the time of this article).

Strictly speaking, when Litecoins were created, Charlie Lee, who created it, thought it to be used for transactions, but Bitcoin is intended for storing value. Therefore, Litecoin is the silver and Bitcoin is the gold of the cryptocurrency world.

Aside from all of this, cryptocurrency investors try to limit their exposure by supporting their portfolio with various digital coins. Consequently, around 18% of those who buy Litecoin also use Bitcoin, which strengthens the demand for Litecoin and ground it as a substantial player in the cryptocurrency world.

So, not surprisingly, the value of a Litecoin is expected to reach or exceed the 1000-dollar mark. You can see that in the last weeks, with the same roadmap, other coins, such as Ripple and Cardano, keep growing and taking the market share.

As I mentioned before, frankly speaking, I feel somehow confused and don’t understan why Litecoin value is so low. When I see the number of coins and market capitalization, I tend to say that the price could rise to $2,500 at 100 billion capitalizations, does this make any sense?

3. In Spite of an Optimistic Perspective, Litecoin Price Predictions are Full of Uncertainty

Particularly the state regulations of the major players’ countries, such as China, Japan, and the United States, of the cryptocurrency world promote the surges in the price of Litecoin as well as other cryptocurrencies. China’s ban on Bitcoin and other coins last September is a good example for it, which clearly resulted in all cryptocurrencies to smash down.

Here, it is quite understandable to ask whether the state institutions will be able to regulate the Litecoin flow; after all, without being decentralized, the cryptocurrencies will lose their meaning. This decentralization does not assume Litecoin as above all regulations. For example, this would result in harming the digital currency’s value if the American government resolve to limit a company for receiving payments in Litecoin. Besides, the goverment, like in China, can shut all the cryptocurrency exchanges down or ban ASICs (Application Specific Integrated Circuits) as well as other mining hardware from importation or production. The point is that the governments around the globe are somehow powerful believe it or not.

Are Regulations Necessary?

Although they may be effective, are these regulations inevitable? Actually yes. First of all, after the astonishing growth of some cryptocurrencies, including but not limited to Bitcoin, over last years, there occurred a number of impostors and scammers such as those issuing misleading ICOs (Initial coin offering, which is not going to be handled in this article.) When comparing to the huge size of the 1.2 quadrillion futures market, the total cap of 252 billion dollars is clearly insignificant, but the cryptocurrency market is still evidently under the SEC’s and IRS’s radars.

Actually, when I write this article, it has been announced that IRS requested the name of those who invested and made trades exceeding 20,000 dollars worth of cryptocurrencies over the last year from Coinbase, which is a famous cryptocurrency exchange website. As a result, this is why the larger the market capitalization of cryptocurrencies becomes, the bigger the motivation to regulate them, so all the Litecoin price predictions for 2018 are uncertain.

Conclusion

Where is Litecoin headed in 2018? Actually no one knows for sure. We can make educated guesses considering its past performance and the essentials. Thus, there is no reason for believing that Litecoin will shine like a diamond regardless of its technological infrastructure or it price. On the other hand, the technology is yet not mature enough and it’s not possible to know how it will react when the US kicks in with a law. It can triple by the end of December and close 4th quarter to $200.

In short, Litecoin price predictions for 2018 is a sensitive subject and seriously requires different perspectives. Claiming that an analysis is extensive enough would be misleading. So, is there anything you’d like to add? Did we miss something out? Or you say “spot on”? Please share what you think in the comments section below and please feel free to ask us any question you might have.

What do you think about the Litecoin predictions for 2018? What is your prediction for Litecoin? Thank you for reading!

Crypto Destroyer

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