Litecoin has been around for quite some time. Launching in 2011, Litecoin has built a degree of trust in the crypto community. Litecoin was inspired by Bitcoin but uses a different hashing algorithm. Some see Litecoin as a testing ground for Bitcoin as the two networks are so similar in design. Litecoin implemented SegWit before Bitcoin did, even though it was originally intended for Bitcoin.
A lot has happened this year. The LTC price has almost doubled since the beginning of 2019 and the litecoin block reward halving is only a few months away. There is also talk of adding the Mimblewimble protocol. Mimblewimble would allow for private LTC transactions and this would certainly increase the value of Litecoin.
There was some noise around Litecoin when the creator, Charlie Lee, “sold and donated” all of his litecoin. He claimed it was to avoid a conflict of interest. Litecoin was near its all-time high and Lee received quite a bit of criticism.
Litecoin Price Prediction 2019
The bear market hasn’t spared Litecoin. Down about 84% from the all-time high, Litecoin is currently trading at $60.06. The average network transaction fee for today is $0.0396 with an average transaction value of $11.18k
There is a pretty wide range of price predictions out there. The likes of Forbes predicted that it would overtake XRP in market cap. Some experts in the field give estimates of around $300 and make the case that it’s not a bad time to buy litecoin. Litecoin has a lot of promise but given the current market, Litecoin might reach $119.24 in 2019.
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