What is your Litecoin price prediction and why?(self.litecoin)submitted by Tbh I was never really on the Litecoin train after seeing it kinda lag behind other cyrptos like Dash and Monero, but idk in my gut I feel like Bitcoin is gold and Litecoin is silver... No way it's going to be at $4 in the future, how low/high will the price go do you think and why?π Rendered by PID 12981 on app-281 at 2017-06-24 10:51:04.529315+00:00 running 3522178 country code: SG.With the price of litecoin rising, cryptocurrency investors have been forced to take another look at the project – one of the longest-running but frequently overlooked public blockchains.Once widely heralded as the 'silver to bitcoin's gold', litecoin has in recent years struggled to find its value proposition in a sea of more novel blockchain projects.That may have changed, however, now that it could be utilized as a proving ground for a new technical solution.As profiled on CoinDesk, litecoin miners have recently begun to show their support for Segregated Witness (or SegWit), a blockchain scaling solution originally designed for the bitcoin blockchain.

But whereas political divisions have largely stymied efforts to approve the upgrade for bitcoin, litecoin recently passed its 75% threshold for activation.bitcoin onion sitesShould this hold for two weeks, the new code will go live.ethereal blade wikiAccording to analysts, the market's recent response to this development has helped give the project new relevance to investors.bitcoin y nuevo orden mundialAll in all, the cryptocurrency has more than doubled its market cap in response, rising from $215m on 30th March to $550m yesterday.Of interest now to traders and investors, however, is whether this capital will stay in the litecoin ecosystem, and whether the project can develop a long-term value proposition.While SegWit may be a minor code upgrade, analysts argued litecoin's technical improvements speak directly to the quality of the project's development team.

Further, obtaining the consensus needed to implement the update would show the community's ability to work together, one analyst emphasized.Charles Hayter, co-founder and CEO of CryptoCompare, told CoinDesk: "The activation of SegWit in litecoin is a strong positive for the cryptocurrency.It shows the ability to make headway where bitcoin has seen its progress stalled by vested interests."However, other experts polled for this article suggested that litecoin could at most only succeed in demonstrating the utility of the code upgrade for the bitcoin blockchain.OTC trader Harry Yeh said that if SegWit is enacted on litecoin, "bitcoin will be sure to follow", potentially removing any competitive edge.Still, SegWit could potentially prove a driver for litecoin's price, analysts told CoinDesk, if only in the near to medium term.Should the upgrade take place, Hayter told CoinDesk, he "would expect the value of litecoin to appreciate".Others suggested that rising value could become more permanent.

Petar Zivkovski, COO of leveraged trading platform Whaleclub, argued that, since litecoin and bitcoin have similar codebases, litecoin could gain some of the bitcoin's market share should scalability remain an issue for the latter."SegWit activation is very likely to create a mid-term bullish trend which will increase litecoin's market cap," said Zivkovski.However, he concluded that any lasting benefits for litecoin are also good for bitcoin, given that bitcoin is the cryptocurrency that can most readily be exchanged for fiat currencies."There is likely to be some amount of wealth transfer from bitcoin to litecoin simply because right now the most convenient and straightforward way to buy litecoin is to use bitcoin."Tiny workers image via Shutterstock This article should not be taken as, and is not intended to provide, investment advice.Please conduct your own thorough research before investing in any cryptocurrency.Interested in offering your expertise or insights to our reporting?

Litecoin used to be a top player in the crypto space, branded as the “silver to bitcoin’s gold”.During the 2013 bitcoin bubble, LTC was the #2 market and was highly correlated to the price of bitcoin.In 2013, bitcoin gained +11,000% and litecoin gained +500% over the price of bitcoin during its peak.The price of LTC hit an all time high of around $50 on some exchanges.The last major litecoin rally was during the summer of 2015, when a Chinese LTC Ponzi scheme managed to accumulate at least 20% of the entire supply.Most of that supply was instantly dumped and the LTC/BTC markets have been on a long bear trend since.Litecoin lost its correlation to bitcoin after the summer pump and was left behind during most of the year long BTC bull trend.That said, its USD value has remained somewhat stable and consolidating within a tight range.Although litecoin hasn’t been a very good market to trade for most of 2016, it’s possible that this rock is a sleeping giant ready to rise from its slumber.

Here are four reasons why litecoin may hit a bullish trend reversal in 2017.Recently the People’s Bank of China cracked down on major crypto exchanges.The result being that they stopped all margin trading and have eliminated the zero fees model.This means that Chinese traders can only play in the spot markets and will have to devise entirely new strategies for making profit.The only way to make profit on the spot markets is to buy low and sell high.Traders can no longer short by selling coins they don’t have.If they want to be a participant in the crypto markets they need to own some coins.The larger bitcoin bull trend is still intact but likely due for several months of consolidation, perhaps forming a large symmetrical triangle.Generally speaking, when the price of bitcoin stabilizes, liquidity shifts into the altcoin markets.As it turns out, the only altcoin market available on the top Chinese bitcoin exchanges (OKCoin, Huobi and BTCChina) is litecoin.Given the choice between the two markets, the percentage gains for moving a smaller cap market like LTC can be much higher.

Accumulating litecoin at the bottom of its price range is also a cheaper option than accumulating bitcoin at the top of its range.Game theory would suggest that buying litecoin has more profit potential.Litecoin is the only altcoin that trades more volume in fiat than against BTC.The majority of litecoin’s volume is actually in CNY, which means the markets could take on a life of their own and easily become non-correlated to the price of bitcoin.Litecoin is currently in the process of trying to help bitcoin’s scaling debate by moving towards the activation of Segregated Witness and Lightning Networks.Litecoin founder Charlie Lee stated in a recent post: “Until SegWit, LN, and Confidential Transactions, I didn’t see a need for Litecoin to come out to help test features before they are on Bitcoin.So I was happy to let Litecoin go on without a lot of development.Hence my tweet about Litecoin not needing development.But with SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock.

Litecoin can take a lead and be a positive force in the cryptocurrency space.We have been drafting behind the Bitcoin race car for many years.It’s about time to take a turn out front.” If Litecoin implements these changes before Bitcoin, this will completely change the network’s fundamentals and offer something new to the ecosystem.That alone has the potential to attract market interest from crypto traders.The Litecoin network’s hash rate is starting to show exponential growth.Sometimes a coin’s price can be correlated to the amount of hashing power on the network.The increased difficulty means that miners need to spend money in upgrading their equipment to be more efficient.If the cost of mining coins is on par or greater than the price, miners will hoard coins instead of immediately selling on the markets.Litecoin is currently the second most secure blockchain in the world and it doesn’t seem like the market value is reflecting this achievement.If there’s one thing that can be said about the markets, it’s that trends don’t last forever.