Top 3 Litecoin Price Predictions for 2018

I will explain why the Litecoin price will go up and up-to how much this year.

Nicknamed the silver to Bitcoin’s gold, Litecoin emerged onto the scene in 2011 to help remedy some of the flaws inherent in Bitcoin. To this end, Litecoin was designed to offer a more abundant supply of coins, a maximum cap of 84 million to be exact, as opposed to Bitcoin’s 21 million cap. Additionally, the amount of time required to carry out a transaction with Litecoin is a fourth of the time required for the same transaction using Bitcoin. This significant reduction in transaction time, coupled with the fourfold increase in coin supply, is expected to facilitate financial transactions while lowering the price of a single Litecoin compared to a single Bitcoin. With that said, let’s take a look at 3 top Litecoin price predictions for 2018. Read on to see how the price of Litecoin is expected to change during the next year.

What Are the Litecoin Price Predictions for 2018?
As things stand, Litecoin has the 6th highest market capitalization, approximately 12 billion dollars, in the cryptocurrency world, trailing after Bitcoin, about 217 billion dollars as of this writing, Ripple, around $86 billion, Ethereum, around 69 billion dollars, Bitcoin Cash, around 40 billion and Cardano around 18 billion. Nevertheless, performance-wise, Litecoin has outperformed both Bitcoin and Ethereum over the past year, with appreciation values reaching 2000 %. Hence, attempting to make Litecoin price predictions for 2018 may be well worth our effort, regardless of the fact that all cryptocurrencies are very volatile at the moment, given their nascent state. Speaking about volatility RIPPLE is rending right now, you can read our article on Ripple price predictions for 2018.

1. The Rate of Adoption Should Increase
   Be it the abundant supply or the speedy transactions, the amount of people using Litecoin should increase in a somewhat exponential fashion. On the one hand, Litecoin, along with other cryptocurrencies, is tethered to Bitcoin, in the sense that the increase in usage of Bitcoin spells a higher rate of adoption for the rest of the cryptocurrencies. Evidence for this phenomenon can be witnessed by comparing the price charts of both currencies, at which point the correlation becomes unmistakable.

On the other hand, with both SegWit (Segregated Witness) and a Lightning network activated, Litecoin has the potential to scale far beyond anything Bitcoin is capable of at the moment. If you’re unfamiliar with what either a SegWit or Lightning network is, all you need to know is that they are technologies that enable cryptocurrency transactions to speed up while maintaining low transaction costs; hence, not only does Litecoin exchange hands faster than Bitcoin, but it also does this for a fraction of the cost, regardless of the number of transactions happening. All of these factors should influence any Litecoin price predictions for 2018.

Recommended read: Top 3 Ethereum Project Price Predictions for 2018

1. Litecoin’s Price Is Expected to Reach 1000 Dollars in 2018
   When I first wrote this article 6 weeks ago the price of Litecoin was hovering around the 80 dollar mark, give or take. Litecoin price was at $313 at the end of November 2017 and now with New Year around the corner is at $215. Should the rate of adoption go up, this should increase Litecoin’s price. Along with the rate of adoption and the general price movement of cryptocurrencies, a commensurate increase in the number of developers working on it is expected, which should fuel the price hike.

As a matter of fact, when Litecoins first came into existence, their creator, Charlie Lee, envisioned them as a currency used for transactions, whereas Bitcoin would become used as a tool to store value. Ergo, this is why Litecoin was dubbed as silver for the cryptocurrency world, whereas Bitcoin was designated as gold.

In addition to all of this, cryptocurrency investors attempt to hedge their exposure by diversifying their portfolio of digital coins. As a result, approximately 18% of people buying Litecoin use Bitcoin, strengthening the demand for Litecoin and cementing it as a major player in the cryptocurrency space.

For all of these reasons, it should come as no surprise that the price of a single Litecoin is expected to hit the 1000 dollar mark, if not surpass it. The problem is the fact that other coins doing the same thing are growing, and take the market share as it happened with Ripple and Cardano in the last couple of weeks.

1. Despite Any Optimistic Outlook, Making a Litecoin Price Prediction is Fraught with Uncertainty
   Another factor with plenty of sway on the price of Litecoin, and all other cryptocurrencies for that matter, is governmental regulations, especially those of major players in the cryptocurrency space, like China, Japan, and the United States. The best case in point is how all of the cryptocurrencies plummeted after China decided to ban bitcoin and its brethren last September, causing all cryptocurrency exchanges to close up shop.

The natural question to ask at this point is to wonder to what extent any governmental institution can regulate the flow of Litecoin; after all, the whole point of cryptocurrencies is that they are decentralized. Yet, being decentralized doesn’t mean that Litecoin is above regulation. For instance, should the American government decide to prohibit any company from receiving payments in Litecoin, this could damage the digital currency’s value. Also, the government can close all cryptocurrency exchanges, which is what China did, or ban the importation and manufacturing of ASICs (Application Specific Integrated Circuits) along with other hardware necessary for mining coins. The bottom line is that the World’s governments aren’t as helpless as some will have you believe.

Read our article on Bitcoin Price Predictions for 2018
Are Regulations Inevitable?
Although the powers might have a few tricks up their sleeve, does this mean that regulation is inevitable? In a sense, the answer is yes. To start with, the astounding growth enjoyed by several cryptocurrencies, most notably bitcoin, over the past couple of years has given rise to several imitators and scammers, including companies that issue misleading ICOs (Initial coin offerings, which is a whole other story). Moreover, despite a total cap of 600 billion dollars seeming insignificant when compared to the enormous size of the 1.2 quadrillion futures market, the cryptocurrency market is still significant enough to come up on the SEC’s and IRS’s radars.

As a matter of fact, during the writing of this article, it was announced that the IRS demanded of coinbase, the famous cryptocurrency exchange website, to give away the names of all the investors who have made trades that exceed 20,000 dollars in cryptocurrency over the past year. Consequently, it stands to reason that the bigger the market capitalization of cryptocurrencies becomes, the greater the impetus is to regulate them, rendering any Litecoin price predictions for 2018 suspect at best.
LiteCoin and every other crypto currency has increased this year and we should see the rise of them this year as well. It may not climb as high as bitcoin did but if you invest right now, the price will only go up.

It is better to invest/ put your money in crypto then putting it in the bank where you don't even get $5 in interest.

Conclusion
So, where is Litecoin going in 2018? The truth is that nobody really knows. The best we can do is to make an educated guess based on both the past performance and the fundamentals. Therefore, whether it is the underlying technology or the price hike this year, we have reason to believe that Litecoin is expecting sunny days ahead of it. The flipside of that coin (pun intended) is that seeing as the technology is still very immature, there is no way of knowing how it will react when Uncle Sam lays down the law.

To sum up, coming up with Litecoin price predictions for 2018 is a delicate topic that requires serious scrutiny from different angles, and no analysis can ever be exhaustive. Because of this, we would like to know if there is anything you’d like to add? Was there something we missed? Or do you agree with our analysis? Whatever you think, let us know in the comments below, and please don’t hesitate to shoot us a question if you have any.

I am not a professional and this is just my point of view. It is helpful and should think about doing it but again just because I say it doesn't mean anything.