Top 5 Litecoin Projections That Can Drive LTC Price Even Higher During 2019’s Inevitable Rise
Much to the pleasant surprise of many, Litecoin has performed very well in the last couple of months. At the beginning of the year, it started with a value of $30.29 and then rose, doubling it's price to $60.52. It is colloquially referred to as the “silver to Bitcoin’s gold” and is the fourth largest crypto in the market.
Litecoin is probably the best performing crypto and is projected to keep steady and increase in worth. The coin has quite an impressive streak regarding mainstream adoption and is one of the fastest and cheapest assets in the market.
No one can definitively say that the crypto bear market is over. However, when certain factors are considered, the industry could rest assured that there is light at the end of the tunnel. These factors include Bitcoin’s recent rise over the $4000 mark and also Lirecoin’s general progress.
If the current dawn in the market progresses, it is hoped that there will be a significant boost in the value of most of the major altcoins.
Factors that May Have Contributed to Litecoin’s Rise
The prospects of adoption for Litecoin has improved measurably as the coin’s main creators and stakeholders are currently working round the clock to integrate the asset into as many payment systems as they possibly can. This seems to be paying off as an auto company – the Bob Moore Auto Group – has completed a deal with another payment company, Aliant Payment, so that customers can purchase cars using Litecoin. They are to begin this at their dealership in Oklahoma City but also hope to add more locations in the near future.
Regarding the fast speeds and cheapness with which transactions are completed, Litecoin is fast becoming a user favorite, driving charges further lower.
In November last year, it was reported that a Litecoin transaction valued at $62 million only had a meager $0.50 fee. With fees as ignorable as this, its no surprise that the coin has as much adoption as it does.
Lastly, there will be a halving for Litecoin very soon. Historically, halving almost always ensures growth and this, it is believed, will not be an exception.