5 Reasons Why Litecoin Could Dominate

1
4274

People looking to buy Litecoin (LTC) and other altcoins, always seem to wait until the last (and often worst possible) moment.

For many people, to buy Litecoin or Bitcoin is to surrender to almost knife edge like uncertainty. Yes, the current Litecoin value in terms of market cap has just topped $5 billion. Yes, the lights are green all across the cryptocurrency market for a $100 price breakthrough before Christmas. The only problem? Well, all of that could easily reverse, couldn’t it?

To put things simply, people looking to buy Litecoin (LTC) (or any kind of digital asset) like to have strong speculative reassurance that they are making a sound investment decision. This being the case, the following 5 reasons why Litecoin could dominate will attempt to provide just this.

History Proves That Buying and Holding Litecoin is Safe

There is nothing worse for digital currency investors than a blindly optimistic approach to buying, selling, and trading digital assets.

After a person buys Litecoin, prices could (and likely will) reverse slightly. This, however, is guaranteed to happen with any digital currency. Much more importantly, such day to day price volatility does not reflect Litecoin’s more consistent long-term growth.

In 2013, Litecoin was valued at $5. What is more, in four years, the digital currency has swung back and forth around the $40 mark. Overall, however, Litecoin has an identifiable trend of only ever appreciating in value in tandem with Bitcoin itself.



Litecoin is Fully Transparent

As well as Litecoin value having risen by an astonishing 2000% in 2017, Litecoin as a digital asset is fully transparent.

With top market cap altcoins like Ethereum, no one really knows how many ICO’s which bring value to ETH are fraudulent. Worse, Ethereum developers openly admit to not knowing how ETH will be developed further, specifically in light of recent blockchain hacking controversy.

The good news for people looking to buy Litecoin? Charlie Lee, Litecoin’s creator, can, conversely, be followed on social media and constantly keeps Litecoin users up to speed regarding on-going Litecoin development and future plans for innovation.

Digital Currency Hasn’t Yet Passed The 1% Mass Adoption Benchmark

Perhaps the single most important reason people should buy Litecoin now is simple. Digital currency hasn’t gone mainstream yet. In progress plans, however, to have Bitcoin futures traded like regular commodities (as well as other works in progress), all point to digital currency going mainstream in 2018. What is more, when this does happen, altcoins like Litecoin will soar in value in tandem with increased demand.

Litecoin Itself is Integral to the Future Success of Bitcoin

At present, almost every altcoin on the cryptocurrency market is attempting to compete with Bitcoin. Litecoin, however, has never even tried to position itself as a standalone altcoin like ETH. Instead, Litecoin is designed to be used with Bitcoin, via the provision of faster and more affordable transaction processing. The success of Bitcoin, in this case, is intrinsically tied to the comparative success of Litecoin also.

Mainstream Investor Interest in Litecoin is Piquing Significantly

As predicted by ourselves prior to Litecoin breaking past the digital currency’s former previous price high of $90, more people than ever before are starting to familiarize themselves with what Litecoin offers.

Forbes magazine, Insider Financial magazine, and even Profit Confidentail, are all begining to see the true investment potential of

Litecoin. What is more, with altcoins like Bitcoin Gold losing investor confidence due to a lack of transparency and a tangible lack of long-term direction, Litecoin will invariably benefit as a result.

 

Popular Posts

Ripple XRP Price Valuation

3 Reasons Why Amazon Will Choose Ripple (XRP) in 2018

By Michael LaVere / December 17, 2017 / 23 Comments
Ripple XRP Price Valuation

Ripple (XRP): Price Finally Matching Value

By Michael LaVere / December 26, 2017 / 0 Comments

What Could Coinbase Do For Ripple’s (XRP) Price

By Michael LaVere / December 22, 2017 / 0 Comments

1 COMMENT

  1. Yes, fundamentally speaking Litecoin should be 1/4 the value of Bitcoin long term. The problem is exactly what you wrote about that most people don’t know about crytpocurrency yet and that the ctyptocurrency as a whole is just about to go mainstream. Once the market truly understands cryptocurrency as a whole, they will see that Litcoin is undervalued. I also agree that the developer needs to have a clear long term view on what the coin will be from the start. Both Bitcoin and Litecoin has a clear goal where Bitcoin is the digital gold for storage of value and that Litecoin will be for day to day transactions. The silver to gold from the developers is setting up the foundation of both currencies. That I think is critical to the coin’s success long term. There are too much uncertainties to Ethereum even though companies are adopting the technology, it maybe used to create a company’s own currency for example similar to Microsoft points that’s only usable on MS store. But, will Ethereum be adopted as day to day transaction currency no body knows including the developers and the fact there is currently no cap on maximum supply of Ethereum. To me, I don’t think that’s building a very solid fundation on a long term project. Ethereum may have it’s place but I would agree the center stage belongs to Bitcoin and Litecoin.

LEAVE A REPLY

Please enter your comment!
Please enter your name here