Litecoin forecast 2018 for successful investments

Litecoin forecast 2018 for successful investments

LTC is on the top list of cryptocurrencies, so litecoin forecast is interesting to everyone who is actively engaged in investing in virtual assets. At the end of 2017, the enthusiasts’ sentiments were on the rise: all cryptocurrencies led by bitcoin showed a fantastic growth dynamics. Will 2018 be as successful for litecoin in particular, or will the virtual money return to its former track and continue its journey with measured steps?
 
Table of content:
- Litecoin, its features and benefits
- What are the determinants of the LTC future?
- Conclusion: is litecoin worth investing?
 
A few words about the litecoin and its advantages
 
Cryptocurrency litecoin, also called “digital silver”, was developed as an analog of bitcoin in 2011, that is why one can immediately find a close similarity in the functional of both these virtual monetary units. The LTC network is a peer-to-peer system, each node of which is a full-fledged member of the whole network. The coin fully meets the principle of decentralization. There is no single center, and transactions are made anonymously by means of the cryptographic methods. However, the developers of the subject were able to achieve some improvements in comparison with the bitcoin:
- Litecoin network provides faster transactions
- The maximum number of coins is 84 million
- The block is created in 2.5 minutes, so the mining is more productive
- LTC difficulty is recalculated every 3.5 days.
 
Determinants of the litecoin future
 
As already noted, 2017 became significant for all types of cryptocurrency. How has the litecoin been developing since it was created? Can this information help to make litecoin forecast 2018? After the virtual coin was founded, the first significant growth occurred in 2013, but in 2014 bitcoin showed greater results when as the subject remained in its initial positions. It got not the second place, but the fourth one in the list, but there are no reasons to believe that LTC will leave the top sheet of the cryptocurrency one day. Its position is quite strong and the inflow of investments does not decrease, and this is the best stability indicator.
 
The rise in the cost of litecoin and other altcoins can not be endless. Sooner or later the price will stabilize, even if before that there was a serious and impressive growth. If you look at the LTC price change chart, you can see that in a few months it has risen to 100 USD, then after some time there was a rise from 130 to 334 USD. The fall or, more precisely, the correction will come soon, and we saw a figure of 200 USD with a subsequent decline. Analysts believe that the litecoin forecast 2018 will not be marked by the rapid growth.
 
According to the most optimistic assumptions, the cost of litecoin can once again reach its maximum, i.e. be sold for more than 350 USD. As for the sharp growth, agreements with large companies that want to introduce LTC network into their payment schemes will play a role here. Even if it happens, in order to increase the value of the cryptocurrency, there will be a need to launch an additional information campaign. Also, the overall growth in the rate of all the cryptocurrencies in general can affect the increase in the value. Given all these possible factors for 1 LTC by the end of 2018 one will pay 500 USD.
 
Positive litecoin forecast was proposed by the Internet Company Walletinvestor. This analytical agency suggested that by 2022, litecoin could receive a price of 620 USD, so investments in this cryptocurrency, made now, will bring in 300% profit. However, skeptics are sure that one shouldn’t rely too much on these long-term forecasts and take into account all the risks associated with the virtual assets market. This sphere is absolutely new and in its structure there will be still a lot of tectonic shifts.
 
The difficulty of litecoin leads to the fact that users have to buy expensive equipment, hence, the CPU mining becomes unprofitable and, consequently, meaningless. Increasing the difficulty allows to save the value of the coin. In March 2018, “silver” was given an average of 144 USD. If there are the chances that the rate will raise, LTC mining will remain popular. These two parallel processes - the growth of difficulty and the popularity of mining - are important conditions for the enlarging of the cryptocurrency rate.
 
However, not all opinions are positive. The probability of a negative development of events exists. The cost of litecoin will fall due to the laws of major countries - Japan, China, the United States and India. For example, a decision will be made to ban all payments using litecoin. There is also a suggestion that the exchanges will be closed, production and delivery of ASICs for LTC mining and other facilities are prohibited. By the way, it's not a matter of litecoin as such, but in general. Many states have not yet decided on the policy regarding blockchain technologies, and what the solution will be, one should only guess.
 
Conclusion: invest or not invest?
 
Every litecoin forecast 2018 should answer the most important question: is it worth investing in the digital silver or not? There is no common recommendation. Undoubtedly, LTC has demonstrated itself as a stable and reliable cryptocurrency, which can serve as a fast and secure payment system. Many companies are eyeing the subject in order to involve it into their financial structures. Investing in the cryptocurrency is risky, so it is necessary to distribute available funds between several types of coins, giving priority to the leaders of the list, and as we know, litecoin has long and firmly established in the top 10 and will no doubt continue to occupy one of the main positions.



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