How high do you think Litecoin will climb? We have been anticipating a jump in the Litecoin price with Bitcoin's near future being unknown with the Bitcoin Improvement Proposal (BIP) 148. Bitcoin will be undergoing a user activated soft fork on August 1, 2017. I believe the price of BTC will gradually drop up to that time (great time to buy) and then as Bitcoin adapts to its new fork, it will start to rise again and then really take off. But how does that help Litecoin? Look at the Litecoin chart below from coinmarketcap.com. Litecoin was at $3.98 on March 20th 2017. On April 20th LTC was $9.61, May 10th it jumped to $35.54 and then came down and floated around the $30 mark mostly since. Then we saw a spike on on June 17th, 2 days ago where the price rose into the $40 range and now we have seen an all time high of hitting over $50 today (that's 12.5x increase from 3 months ago)! There's a lot of volume of LTC being traded. In fact, in the last 24 hours $1,349,100,000 of Litecoin has been traded, that's about half of its market cap of $2,612,494,639 which is unheard of!
So why LITECOIN? Well it's a faster, cheaper and more efficient clone of Bitcoin. With all the rises in crypto prices recently, experts were dumbfounded that Litecoin didn't surge with BTC and Ethereum. Now we are seeing its rise and I feel that rise will continue. Bitcoin is slow and expensive to use. It will be more apt as a Gold Standard in crypto in the future but Litecoin will be a much more feasible and easier to use payment system. With the Bitcoin fork happening around the corner, look at Litcoin to get a boost in transactions and people who never used Litecoin will see how much more efficient it really is. What do you think? What price do you see LTC going to???
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Thousands of people are just learning about - and buying - Litecoin thanks to the recent crypto boom. With Charlie Lee leading LTC full time now, I think we'll see $200 before long!
That's a great point! Coincidence Charlie Lee leaves Coinbase and Litecoin starts to skyrocket? hmmmmmm I think it stuck around there long enough to ensure Litcoin was added to Coinbase.
With half the ETH supply (for now) it could speed up and reach same price as ETH with only half of market CAP !
Always check coin supply and if there will be more supply...
@juliencotel I like your point of view on coin supply. I agree, with only a 51 million LTC coin supply, there's a lot of room for growth. LTC will have its up and downs like all of crypto but once it hits $100, you're going to see it hit critical mass and start to make a huge jump in market cap.
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I think LTC will give ETH a good run for it's money with time.
I really like this coin.
Yes, it should and both should thrive.
good post... you see also this https://steemit.com/token/@iandos/only-41-day-at-the-closed-of-ico
Thanks @iandos, I'll check it out now.
I believe it's going up also since Charlie Lee just left Coinbase to go back to continuing developing Litecoin. He was instrumental in getting Coinbase to list Litecoin.
I agree with you, Charlie Lee was a huge factor of getting Litecoin added to Coinbase. Now Coinbase is reaping ni the benefits with all those commissions! hahaha
Hey buddy, nice article. I love me some ltc. I see it being accepted at places in China alongside eth and btc. Based on the current trending bull market, I want to say ltc 200-250$ by years end, and thats a modest guesstimation ;)
Thank you @todynot2morrow! I think that's a pretty good guesstimation!
it will defintly go to at least $200 - $250 usd before it goes down. I just bought $50 worth of it earlier today! easily double my money in a few weeks then sell probably.
I think it's a good buy. I had a feeling it was going to boom and I bought 20 LTC at $30 the other day.
voted up and followed!
I am following you as well, thank you!
hahahahah Best estimation ever!!!!!
Nice articule on Litecoin. I do think we will see LTC climb with more user adoption. i've actually created a video on Dtube about this subject: https://dtube.video/v/ofthefuture/fbqkv7gq
Thanks! I'll check it out
Very good article. Same mindset here. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. Besides coinmarketcap.com there is: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. Check for example: https://www.coincheckup.com/coins/Litecoin#analysis To watch Litecoin Investment analysis.