Litecoin (LTC) is one of the tokens that has been in the market for a decent time now, but even as it is one of the oldest coins in the crypto environment, its prices continue to be under the expectations of many, a fact that raise a lot of concern and doubts regarding whether the coin is undervalued or not. In fact, there are strong reasons to believe that the currency will surpass the three digits prices very soon. Let’s see the main reasoning behind this assumption.
The science behind the coin
Litecoin (LTC) was launched on Github back on October 7th of 2011, a currency that was designed to be practically identical in its technical aspects to the leader of the sector Bitcoin (BTC). In fact, it was created as an open-source fork of the first ever launched cryptocurrency of the market, and ever since then, it has performed as the silver to the pseudo-gold that represents Bitcoin (BTC).
Even when the similarities are that many, Litecoin has come a long way from where it began in 2011, having one of the strongest features of the sector in terms of costs and speed as of now. However, its performance is still way below one of the leaders of the market as the altcoin trades at a price that is thousands of times lower than the price of bitcoin, and as we believe this is actually not an accurate thing considering what the crypto has to offer to both enthusiasts and investors.
Truth be told, the conditions of the market right now are not the best to consider, and this is something that has affected every single one of the coins that exist in the market, including, of course, Bitcoin. But if we take into account the normal conditions of the sector, Litecoin (LTC) has one of the strongest and more stable performances of them all.
In these regular conditions, Bitcoin used to be one of the greatest investments, representing a great store of value to a bunch of investors and enthusiasts. But the truth is the leader of the sector still has a lot to improve in terms of speed and transactions fees, a field in which Litecoin has managed to offer operations that barely take 2.5 seconds and with incredibly low cost.
Like this, it is worth to mention that one of the main usabilities for cryptocurrencies is serving as a payment method, and this is something in which Bitcoin clearly has the lead as well being adopted on several mega websites. Nonetheless, Litecoin may see a higher adoption considering the fact that what it has to offer is better, transactions are actually cheaper, and they even take less time.
Once the market starts to rise again, a massive adoption of Litecoin could skyrocket the price of the coin, even being possible that LTC gets to the forecasted number of 1000 US dollars, but in order for this to happen one of the things the coin needs to get rid of is the relation with Bitcoin (BTC), a fact that seems to be more detrimental than helpful.
Litecoin is actually the only competitor that Bitcoin has, because even when Ethereum (ETH) is closer in numbers, the crypto is very distant on its target and this positions LTC as the most likely contender, so instead of considering the silver to the Bitcoin gold, Litecoin should be labeled in the same measure of importance than BTC.
The current price of Litecoin (LTC) is $83.07 per coin, the token has increased in value by more than 10% in the last 24 hours, and the weekly uptrend of it is expected to keep getting stronger now. So things may change sooner than anyone expects. Stay tuned!
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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