Everyone is aware that the cryptocurrency market is booming these days.The value of cryptocurrencies is highly volatile. But still many people are investing in them owing to the recent increase in its price. While Bitcoin is still the most preferred cryptocurrency, Litecoin is not far behind. In fact it is one of the few cryptocurrencies which has a market cap worth billions.
Litecoin is trading at an all time high currently. It has gone through a series of highs and lows just like Bitcoin. The value of Litecoin also doubled once. The price of Litecoin almost remained stagnant from 2014 to 2016.But now Litecoin is being traded freely in Coinbase. Since the time it started trading on Coinbase, the value of Litecoin soared up to 855%.
The price of Litecoin is largely fluctuating. This is a positive sign because unlike many other cryptovcurrencies in the market, its value is not stagnant. Currently its prices have reduced but so is the case with almost all the other cryptocurrencies. This reduction in price means that, the price of Litecoin will soar in the near future. This will prove to be quite beneficial for investors. Due to this reason, many people these days are investing in Litecoin.
Also Litecoin was not affected by the Segwit protocol, whereas other currencies such as Bitcoin were largely affected by it. Experts are Forecasting about Litecoin that the price of Litecoin will reduce by 0.16% in the month of April. Hence it is the right time to invest in Litecoin. is likely to rise in the month of June 2018.In the year 2019, the price of Litecoin will increase considerably bringing a lot of cheer to investors.
Coming to 2020 and 2021, one can see a significant increase in the price of Litecoin. By March, the price of Litecoin is likely to increase by 0.03and it will exhibit a loss of 0.16% in the month of April. If you are looking to invest in Litecoin, now is the right time as you can reap the benefits later.
Litecoin has the potential to mimic the price trends of Bitcoin. But in order to achieve this, its popularity has to increase. What people do not know is that the technology of Litecoin is far more advanced when compared to Bitcoin. Through Litecoin, one can transfer payments cheaper and in a much faster manner. Even if it is unable to match the price of Bitcoin , its price will be on par with Ethereum according to experts in the field.