Will Litecoin Go Up?
Although Bitcoin appears more public, Litecoin is further developed in certain aspects. For example, Litecoin survived the implementation of "SegWit" (bitcoin not ... at least not yet). And to make matters worse, Litecoin Mining pays 25 tokens for each block, while Bitcoin pays only 12.5.
These differences are initially small, but they can have an over-dimensional effect on Litecoin price predictions. Later in this report, we will disaggregate why SegWit is important when Bitcoin can access full activation and whether both can coexist.
But now let me put my cards on the table. I do not think so
- I do not think the Litecoin rise will be bitcoin.
- I do not think Bitcoin will crush Litecoin.
- I do not believe that bitcoin or Litecoin presses ethereum.
- I do not think Ethereum will crush Bitcoin or Litecoin.
Or more specifically, I do not believe these things will happen in the next 12 months. We are very far from the victories in the cryptography market.
Or to be greater unique, i don’t assume any of these items will happen within the subsequent one year. We’re a protracted manner from a winner-takes-all fight in the cryptocurrency market.
At the moment, the industry is as sensitive as a newborn. He beats and screams at all that he does not like is incompatible with a compromise and can burst into tears at any time (which is equivalent to only 10% falling to stop the steam).
We have to wait for the industry to grow. Like children who move into the adult age, the gross realities of the world will force adaptation and growth. Some will stay behind, become bitter or quit smoking. A certain success is maintained.
Will Litecoin be one of them? I guess so
Of the nearly 900 digital parts available, Bitcoin and Ethereum are most likely to survive, closely followed by Litecoin and Ripple. This is more or less the company history, which shows that industries with three or four players find stability.
At this point, we see a winning dynamic emergence of the various crypt competitions. Until then, I think it's safe to assume that we are playing a positive sum game.
Litecoin Price History
Litecoin is one of a few cryptic competitions with a market cap of billions. Specially $ 2.16 billion. His prize went through the same cycle of boom and bust as Bitcoin, almost exactly in tandem. Both currencies rose late 2013 before they fell violently.
With regard to USD to LTC, it can be argued that Litecoin is close to its highs of all time. It is swimming in the range of $ 40.00 to $ 50.00 at the moment, but it has a history of abrupt movements. I remember one day Litecoin more than doubled.
This means that prices remained stagnant for a large part of 2014, 2015 and 2016. Then the cryptocracies experienced a renaissance of types. Our Litecoin predisprognosis for 2018 was quite bearish in January and February, but the rumors began to circulate that it would be freely negotiated on Coinbase. That changes everything.
The addition of a Litecoin exchange was a spark that increased LTC prices. As soon as the investors could buy Litecoin without having difficulty transitioning Bitcoin, their price rose by 855%.
Some people claim that the relationship between Litecoin and Bitcoin is similar to that of silver and gold. Thus, Bitcoin is gold, the reserve asset for silver, while Litecoin is silver, industrial metal with real applications.
Technology Blockchain, Bitcoin Mining and Halvings
Perhaps we should add a context for investors who know less about crypt competitions. Here is a short guide to block chain, bitcoin and Litecoin.
The first thing to know is that everything in the world of crypt competitions - bitcoin, ethereum, Litecoin, offers first coins, intelligent contracts - has less than 10 years.
The technology that makes it possible (also known as "blockchain technology") appeared in a white paper by Satoshi Nakamoto. It was shown that the Internet is less free than we think, because the Internet is connected by cables from our corners to huge servers, which are among the world's largest technology companies.
Nakamoto showed the flaws in this "client-server" model. But, unlike most people, he did not let go of the microphone after giving his criticism. In fact, he did something. He designed blockchain technology that is really similar to the internet because it uses a whole network of computers to stay alive. Here is the difference.
When you send an electronic transfer, it goes from your computer to a server and then to your final destination (probably one of your girlfriend or colleague computer). Pulley, a record of this payment is recorded simultaneously on all computers, but only you have access.
Well, you and the person to whom you sent it.
Access is granted by a unique "cryptographic" key. This transfer method removes all the annoying men from your transaction. It is direct, safe and without friction.
But to use this incredible payment system, you must use Bitcoin. The delivery of Bitcoin is slowly increasing through a process called "mining", which is actually the interest in the first place.
Imagine your computer to put complex mathematical puzzles to break and in return you get bitcoins, you can use later for the actual purchases. It is the dream. You have no real effort besides buying the computer and paying the electricity bill.
However, compensation for "bitcoin mining" decreases when more bitcoins are added for traffic.
There is a certain moment, in fact called "bitcoin divided by two". After two layers have already been experienced, the reward for the bitcoin extraction is only 12.5 bit coins per block, which is significantly lower than the developer for the Litecoin extraction.