Litecoin is a popular alternative to the famous cryptocurrency known as Bitcoin. Litecoin was introduced slightly later than Bitcoin and that’s why we can say that this currency is more advanced. One of the former Google directors is the founder of this cryptocurrency which gave this cryptocurrency significance in the eyes of investors.
When the price of Bitcoin started going up fast last year, Litecoin, just like almost all other cryptocurrencies has followed this trend. Obviously, the owners of Litecoin were excited to hear that Litecoin price is increasing. At one point (December 2017) Litecoin was worth over $350.
But, the price started going down after that. At this moment, the Litecoin price is around $120. In the recent period, the price is going between $110 and $140. According to the latest statistics and comments provided by experienced traders, it is possible that the price of Litecoin will reach $100.
It looks like sellers have the complete control over the situation because Litecoin price didn’t manage to break the $140 barrier. Some people may think that this is bad news, but it actually isn’t. Just take a look at the price of US dollar. This currency has reached record high levels last year and it has around 20% lower value today. However, this doesn’t stop many investors from buying the US dollar because they know that this currency will eventually go up again. Investing in any type of currency including cryptocurrencies like Litecoin is not a smooth sail. There are no guarantees that you will end this venture as a successful investor. However, there are many indicators that can confirm that cryptocurrencies are here to say. Some people even say that they are the future of currencies. Obviously, Litecoin will be part of this future because it has a unique concept that promotes self-sustainability.
On top of that, the investors that support Litecoin are inventing new ways to strengthen this currency. For example, there is a new debit card known as Litepay which allows users to spend their Litecoins in online stores or even physical stores. This debit card works like an ordinary card, but the main difference is that it uses Litecoin. Every time something like this is promoted on the market, Litecoin price goes up. More products like this are expected to be announced in the near future which makes investing in Litecoin a smart decision.
— Carlos Francavilla (@valorit) 26 de marzo de 2018