The development of Litecoin (LTC) did not feature much attention contrasting most of the other cryptocurrencies. In spite of Litecoin’s capability to solve some of the core problems that has been faced by its famous cousin, Bitcoin. For example, LTC operates four times quicker than what BTC has to offer. Despite this performance, much of LTC does not attract the required attention. However, over the past few months, LTC has hit the headlines with a steady rise in its price to reach almost $300 from a mere $90 which predicts a potential in LTC. Much of it relies on several factors that can help grow the popularity of the coin in 2018. Here are just some of them
- New Payment system
Much of surge in Litecoin (LTC) value during December 2017 was an attribute of the declaration of LTC’s payment infrastructure. The news led to a sharp rise in the crypto’s market value. However, the payment portal was not released, but crypto enthusiasts do anticipate the system this year. Litepay will allow holders to spend and accept Litecoin payments safely or exchange for fiat currency. Such innovation shows the promises to increase the customer use of the crypto. In the long run, businesses and part of the population will start using Litecoin as a payment method.
- A Litecoin fork?
As one of the major opponents to Bitcoin, Litecoin rumors of having a fork have made the crypto gain much momentum regarding value. The speculations surrounding the announcement have led to an upsurge of purchase from users expecting to win from the crypto. Typically, anyone holding Litecoin will automatically receive its fork. Much of it is fear of missing out (FOMO) creating such trends. Still, it is wise to note that the matters of a Litecoin fork will persist as fictions since the crypto founder has no plans for a fork anytime soon.
- Business adoption
It is an excellent time for most cryptos with partnerships in the different sectors of the industry. Most firms and businesses are finding ways to interact with their clients using cryptocurrency as payment and Litecoin is on board with such projects. Back in 2017, there were interests believed to exist between LTC and Amazon. Although these rumors didn’t amount to anything, there is still potential for LTC to have adoption for the average users. That means LTC can form formidable partnerships with large financial and commercial institutions come 2018 and beyond since it has a stable user base.
- Unforeseen trend
Over the past few weeks, Litecoin (LTC) has surged to make a gain of over 60% from the start of the year. That is the standard trend with cryptocurrencies. Mostly after the holiday’s, people don’t trade in cryptos, and this may result in low values. Nonetheless, Litecoin was exponentially gaining since the end of last year doubling its value. That is while most cryptocurrencies (read Bitcoin) were witnessing a massive dip. Going against the crypto tide shows Litecoin might have a unique potential to create its value in the market without influence from other cryptos.
Litecoin (LTC) Prediction
For a long time, Bitcoin was the gold of cryptocurrency. However, other cryptos seem to catch up, and Litecoin (LTC) is leading the charge. LTC does have potential judging from its growth since its inception. Furthermore, the coin is highly undervalued. Much attention goes to the likes of BTC, ETH XRP, and the likes. If LTC is successfully incorporated in our financial systems, the crypto could become over some of its predecessors and lead in price value.