Litecoin’s success over the last few months makes it a standout performer in the cryptocurrency market. Although it is currently facing the same lull as the rest of the industry, it will re-enter the next bullish cycle with a definitive roadmap for scaling. That is a big advantage.
We could start 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 first.
It used to be that investors changed U.S. dollars into bitcoin and then into litecoin.
Now that the transaction process is direct from fiat money to litecoin, the need for BTC tokens will be reduced.
There are a lot of asterisks in 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 $300.00 to $400.00.
While this acceleration would not be enough to catch Bitcoin prices, it might put Litecoin on par with Ethereum.
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