Predicting the Future of Litecoin: Insights for 2018

Cryptocurrencies are highly volatile, and their prices fluctuate based on news and market conditions. It is challenging to predict exact price movements and timing, which is why conducting thorough research is crucial before making any investment decisions.

Staying Informed and Making Smart Decisions

Do your own research and determine what will be best for you. Always be cautious and never risk more than you are willing to lose. For those interested in acquiring Litecoin (LTC), you can buy it on , a renowned cryptocurrency and altcoin exchange aggregator. supports over 275 cryptocurrencies and more than 45,000 trading pairs across leading exchanges globally, providing the best exchange rates to users.

Why Litecoin Will Continue to Be Relevant

I remain optimistic about the future of Litecoin. As Bitcoin's transaction capabilities become strained, Litecoin is poised to serve as a viable alternative. Its faster transaction times and lower fees make it an excellent candidate for widespread use in transactions.

Historical Data and Future Predictions

Let's delve into historical data to make a simple price prediction for Litecoin in 2018. The data is sourced from CoinMarketCap's historical data and global charts.

Historical Price Data (Apr 28, 2013 - Apr 28, 2018)

Apr 28, 2013 - Price: 4.3, Market Cap: 73M, Total Market Cap: 1.5B - Circulating Coins: 0.048 Apr 28, 2014 - Price: 9.79, Market Cap: 272M, Total Market Cap: 6B - Circulating Coins: 0.045 Apr 28, 2015 - Price: 1.38, Market Cap: 53M, Total Market Cap: 3.6B - Circulating Coins: 0.0147 Apr 28, 2016 - Price: 3.88, Market Cap: 176M, Total Market Cap: 8.2B - Circulating Coins: 0.0214 Apr 28, 2017 - Price: 14.59, Market Cap: 741M, Total Market Cap: 33B - Circulating Coins: 0.022 Jan 13, 2018 - Price: 236.86, Market Cap: 13B, Total Market Cap: 736B - Circulating Coins: 0.017 Apr 28, 2018 - Price: Not Available, Market Cap: Not Available

Based on the historical data, here are some predictions:

If the market cap increases to 1 trillion dollars and by Apr 28, 2018, a total of 56,175,075 circulating coins will be there, and Litecoin retains the value of 0.017, the price would be 302 dollars per coin. If Litecoin retains around 0.02, the price would be 356 dollars per coin. If Litecoin retains around 0.01, the price would be 178 dollars per coin.

Market Cycles and Future Trends

The markets have shown cyclical patterns where the highest and lowest points alternate. However, it is noteworthy that the market cap increased from 3x to 17x times during these cycles. Similarly, the total market capitalization increased from 2x to 22x times. These trends suggest that the volatility and market cap growth can be significant.

Conclusion

In conclusion, while there are uncertainties in the cryptocurrency market, making informed predictions based on historical data can provide some insights. However, it is vital to stay alert and make decisions wisely. If you found this analysis helpful, please consider upvoting.