Litecoin price in 2018: the litecoin seems to be on the rise! – Litecoin tips – Sun 04 Nov

Litecoin prices, 2018 forecasts. Litecoin seems to be on the rise in the long term. This is the reason why many investors are trying to predict the price forecasts in litecoins for 2018. It is important to understand that the litecoin is actually similar to Bitcoin and Ethereum. It is only when you are able to keep this factor in mind that you will be able to predict the price more easily.

Price in Litecoins in 2018:

In terms of price forecasts, most people think that Litecoin could close close to $ 600 in 2018.

Currently, when you compare crypto-currencies on the market, Litecoin is one of the largest cryptocurrencies. Many institutional investors, as well as cryptocurrency funds, are also investing in Litecoin. That's why litecoin transactions are increasing day by day.

If you want to invest in Litecoin, you will be able to make good profits throughout the year, in line with Litecoin's price forecast in 2018. As always, it would be wise to diversify your holdings in cryptocurrency and significantly reduce the risk.

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Litecoin Predictions: A Strongly Built Network Overflowing With Potential in 2018

Although some altcoins are gaining prestige and global relevance, Bitcoin is still the most prominent cryptocurrency on the market, with a growing appreciation of the transaction benefits that cryptography and blockchain technology can offer.

However, this does not mean that there is no longer room for altcoins to develop and consolidate their positions as successful companies and businesses. Of these, the litecoin seems to be the preferred option of savvy investors in the cryptographic universe. For reference, altcoins are all distinct crypto-currencies of Bitcoin, which has been the industry leader since 2009, and Litecoin is probably the best, most secure and the one with the least exploited potential.

LTC abbreviated, or Ł, Litecoin can be defined as a cryptocurrency software project and open source between peers. It runs under the MIT / X11 license, and Charlie Lee has created and developed it.

As is the case with Bitcoin and most of the altcoins, Litecoin is a decentralized entity, which means that it operates without central authority or governance agency. The system allows the creation and transfer of tokens, based on an open source cryptographic protocol.

The latest version of Litecoin is version 0.15.1, dated March 2018. C ++ is the code language. Compatible operating systems are Windows, OS X, Linux, Android. The Litecoin Core development team is responsible for development.

Regarding general ledger information, the timestamp scheme is a proof of work and the hash function works scryptfully. There is a lump sum bonus of 25 LTC, until approximately 2019, halved approximately every four years. The average duration of blocking is 2.5 minutes.

Litecoin Technical Information

A little history: History of Litecoin

Litecoin (LTC) Historical Data

Litecoin saw the light of day on GitHub in October 2011 as a fork of Bitcoin: it was released this month via an open source client of Charlie Lee, who previously worked for Google. The network / platform became active a week later.

We do not want you to get confused, so you should understand exactly what a fork is. This is the process in which a blockchain diverges or splits into two branches. It can be temporary or permanent; hard or soft. The main cause is a change in consensus algorithm or other software changes.

Litecoin was a Bitcoin Core customer fork, with some slight differences. The block generation time was reduced to two and a half minutes; it contained many more coins or tokens, a modified graphical user interface (GUI) and a different hash algorithm using scrypt, instead of SHA-256.

Since its creation on the crypto market, Litecoin has continued to grow and in November 2013, its total value has increased significantly and has jumped 100% in less than 24 hours. The Litecoin has established itself as one of the preferred altoin options for investors and traders worldwide, reaching a market capitalization of $ 1 billion in November 2013.

The year 2017 has been a crucial year for Litecoin. For starters, they became the first of the significant crypto-currencies to adopt the SegWit system (separate cookie), which separates transaction signatures to increase the blockchain's maximum size. Also in May, this host platform finalized the initial transaction of Lightning Network, 00000001 LTC from Zurich to San Francisco in less than one second.

Lee is always hungry for success and success, and he tends to aim high:

Bitcoin vs Litecoin

Differences of Bitcoin

Experts always say that by being a fork of Bitcoin, the two crypto-currencies share many similarities and that the statement may be true to some extent. Both share the same code base, are deflationary and use proof of work, for example. However, the differences between them are more than palpable.

For starters, it is obvious that Litecoin transaction times are much faster than those of Bitcoin, which take an average of 10 minutes on average to complete an operation. Litecoin stops the stopwatch at 2.5 seconds and, as you saw in the previous section, the number can be considerably lower. Ethereum, another leading cryptographic network on the planet, also faces network and speed issues.

The user-friendliness of Litecoin is what sets it apart from other altcoins and competes with Bitcoin for its market share. People use it for standard procedures related to the blockchain, such as lifting a smart contract, but they also have the ability, technologically, to be used as currency, to the way of a fiduciary currency.

Litecoin, which also aims to provide the best environment for fast and secure transactions, also offers a cheap option. The currently tested system implements scrypt in its work validation algorithm, which is primarily a hard sequential function of memory that requires more memory than a less complex algorithm. The use of the method described above makes the extraction of Litecoin more difficult than that of Bitcoin, which is a negative point in the comparison, but nevertheless a difference.

Favorite piece of the dark web

The dark internet has been incredibly beneficial for different crypto-currencies. As a reference, it can be said that he promoted the Bitcoin transaction several years ago. However, during the last calendar year, some competing currencies have also begun to show more importance in this type of web.

Competition becomes fierce! Litecoin can quickly become the preferred cryptocurrency for all Dark Web users. It works well, is fast and, even if it does not offer complete confidentiality or anonymity (which may be the two essential conditions for conducting transactions in this type of network), he begins to gain ground.

Recently, several black cloth markets have moved away from Bitcoin, which is understandable as rising rates and lack of transparency are significant drawbacks. As a result, sellers and buyers are looking for new ways to process payments efficiently. Monero, another relevant altcoin, is attracting a lot of attention, but it also presents some of the same issues related to Bitcoin, as Monero's privacy and anonymity raise some concerns.

To the surprise of many, it would seem that Litecoin accounts for 30% of web-based transactions hidden in the present, which is much higher than any other currency that is not used by Bitcoin on the Web hidden at the moment. Current time. While Bitcoin slowly disappeared from the dark internet, the battle for its market share seems to be played out between Dash, Monero and Litecoin, the latter holding pole position firmly.

Although some of the activities associated with the Dark Web are not entirely ethical or even legal, the fact that Litecoin is a preferred option here speaks volumes about the positive things. People started having problems with the inflated prices of the network, a consequence of Bitcoin's high commission fees, and started to look at Litecoin.

Benefits of Litecoin

• Litecoin is an open source project, which means that it has the ability and flexibility to implement relevant and useful technology enhancements, such as SegWit and the Lightning Network. In this case, it is an improved version of Bitcoin, which is logical because it was a fork.
• It is considerably faster than Bitcoin: it performs on average 2.5 minutes of operations, against 10 minutes to perform a similar operation in the latter case.
• It is a less expensive option for people looking to transact, with transaction fees virtually zero compared to Bitcoin.
• The extraction process may be easier on Litecoin than on Bitcoin (although this concept is debatable) because it uses the new Proof of Work algorithm.
• It was created by a former Google employee, which brings a sense of reliability and reliability to the equation.
• It has a less "toxic" community since it does not quite reach out to Bitcoin.
• It is considerably less volatile than some of its competitors in the event of a crash or market correction.
• The developers and founders have demonstrated excellent leadership skills over time: Charlie Lee left Coinbase as engineering manager with the intention of devoting himself full time to the Litecoin project.
• There is atomic exchange between LTC / BTC.
• The presence of Lightning Network, a platform that promotes and promotes faster transactions.
• The total supply of 84M.
• The market capitalization is very low if you compare the Litecoin to other tokens at the top of the market.
• The Chinese love it, which is an excellent marketing development because it represents the largest pool of potential users.
• All hardware portfolios support Litecoin.

Against Litecoin

• People are still waiting for a counter-move now that Bitcoin has added SegWit to its catalog of offers. With this development, Litecoin lost one of the values ​​that made it different.
• Since Litecoin is a fork of Bitcoin, or a new version of you prefers the term, this implies that there will be very few new and innovative ideas, which Altcoins has to offer.
• The litecoin market will be somewhat damaged until the Bitcoin scale problem is solved.
• The perception of people can hurt the name of Litecoin. Many people seem to think that it's the same as Bitcoin. It may take some time if this happens before Litecoin achieves the notoriety and sustainability that Bitcoin presents each year.

2018 Litecoin Predictions

People keep talking about Litecoin and its main competitors, Bitcoin, Dash, Ripple, Monero and Ethereum. However, what does the future hold for them? Could it be possible that the Litecoin, continuing a recent trend, continues to grow and exceeds the forecasts established for this year?

Speaking of which, experts from various backgrounds pointed out that Litecoin had the basics needed to reach new heights in 2018. Some talk of an increase of up to $ 500 or $ 600, a growth in Extraordinary percentage if it is maintained.

According to Forbes, there are at least five reasons to be optimistic about the projection of Litecoin's outlook for 2018. The first is that Bitcoin's growth and forward transactions, which have inflated its prices. We can safely say that all positive developments in the Bitcoin community directly benefit Litecoin, not only because it affects Litecoin and other cryptographic currencies, but also because the traffic added within the Bitcoin network drives Transaction costs and engorge the system, resulting in the Litecoin project.

In addition, Coinbase, a cryptocurrency broker in full evolution, is experiencing a large influx of users. It supports three cryptocurrencies, one of them being Litecoin. As Coinbase adds 100,000 new users a day, it is a positive gain.

In addition, people start to bypass Litecoin: they begin to understand that, in a way, it is similar to Bitcoin, but is also faster and involves much cheaper transaction fees, to name just one example .

The Litecoin network invites users who want quick solutions involving cryptocurrency and blockchain technology. Since they are popular, they will not want to miss the revolution. Because of this phenomenon, people prefer alternatives such as litecoin to those who require more in-depth research.

The last reason for Litecoin's future success is the media attention he has begun to attract recently. Being in the public eye will make this alternative one of the preferred options in the cryptographic universe. Artists, entrepreneurs, businessmen, doctors and even athletes talk about it! At least JaVale McGee, an NBA champion with the Golden State Warriors, is:

After a few years of consolidation among the ten largest crypto-currencies and transaction networks, Litecoin seems ready to burst and truly reach elite status, but there is still much to do and growth to achieve.

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That is embarrassing! Litecoin's alleged payment platform closes before launch

Things do not always seem what they seem when it comes to crypto-currencies.

imbécile.com

Chances are good that we are discussing the performance of crypto-currencies in 2017 for a very long time. The increase of more than 3,300% in the market capitalization recorded by virtual currencies last year could very well be the best year of any asset class.

Bitcoin, the most valuable cryptocurrency in the world, and the one most likely to be accepted by merchants worldwide, is often attributed to these gains – and in the long run, that's true. However, the second half of 2017 was entirely devoted to other crypto-currencies emerging from the shadow of Bitcoin. Among them was what I call the main rival bitcoins, Litecoin.

Litecoin makes a name
In 2017, Litecoin's symbol, the LTC, climbed more than 5,200%, about four times more than bitcoin itself last year. He had a real list of catalysts that excited investors for his prospects of recruiting merchants and giving bitcoin the price of his money (pun intended).

For example, Litecoin's founder, Charlie Lee, quit his job at Google, an affiliate of the Alphabet, to work full-time at promoting Litecoin as of June 2017. Lee's full-time presence was perceived as a positive element, as it was supposed to work to keep Litecoin on track. and accelerate the massive adoption of the virtual coin.

In addition, Litecoin has many competitive advantages over Bitcoin, suggesting that it could really speed adoption and process transactions quickly. For example, bitcoin processes a transaction block about once every 10 minutes. Considering that about six miners validate a transaction on the bitcoin network before it is verified and added to the blockchain, a bitcoin transaction may take more than an hour to settle. Although this is still much faster than the current banking system for cross-border transactions, it is relatively slow compared to other cryptocurrencies.

Similarly, the Litecoin blocks are processed in a quarter of a second, about two and a half minutes, allowing faster validation and settlement, as well as the presumption that its network can be expanded much faster than bitcoin. In addition, Litecoin's transaction costs are on average considerably lower than those of bitcoin.

In all aspects, the Litecoin looked like an emerging exchange that could one day overtake Bitcoin when the curtain falls in 2017. Then things have changed.

The embarrassing blunder of Litecoin

In mid-February, as crypto-currencies stirred after their first major decline in number of years, the Litecoin caught fire. Although a number of catalysts have helped to strengthen the LTC symbol, the most important of them has been the announcement of the implementation of LitePay, a payment platform specifically designed to support Litecoin (although it was developed independently of Litecoin), February 26, 2018..

Litecoin had asked to join BitPay but had been refused. The development of LitePay had to be revolutionary. This would have allowed users of mobile devices and desktop computers – and perhaps even associated debit cards – to buy goods and services with Litecoin tokens, which could then be transferred into fiduciary currencies. such as the US dollar, the pound sterling or the Japanese yen. . A lump sum of 1% was to be charged per transaction, the ultimate goal being to accelerate the adoption of the LTC token as a means of exchange. And, best of all, transactions would be settled almost instantly, reducing retailers' concerns about the volatility of crypto-ingestion in their margins.

Unfortunately, LitePay is no more than a mirage, and now, Charlie Lee, who promoted the project as a way to increase massive adoption of Litecoin, has eggs all over his face.

On March 5, a week after LitePay went live, its developers noted in an email that it "always checked all merchants in perspective" and that it delayed the registration of cards "because of the perception negative and radical actions by card issuers. to the cryptocurrency companies, "said CNBC.

But less than two weeks later, on March 16th, LitePay's CEO, Kenneth Asare, informed Litecoin, an investor in the LitePay project, that it was ceasing all activities and planned to sell the company. In a month, literally, Litecoin went from its own payment platform to announce investors that the LitePay project was essentially dead.

Lee, founder of Litecoin, wrote in a tweet: "Like everyone else, we were too excited about something that was too good to be true and we optimistically neglected many of the warning signs. I am sorry to have put this company in the fork and pledges to show increased due diligence in the future. "

What you see is not always what you get
Investors in cryptocurrency may have to get used to disappointments like this roller coaster ride with Litecoin. You see, the cryptography market is not regulated, which means that it can act as a true "Wild West" in terms of promotion, product development and announcement of partnership.

For example, there was a lot of confusion around IOTA last year after the announcement of the beta launch of its market Data Marketplace – a network based on a chain of blocks designed to Allow companies to share or sell unused data – in November. About thirty renowned brand companies participated in the Marketplace by providing critical information for IOTA. However, somewhere in the IOTA announcement, it was assumed that these companies were partners, which inflated the MIOTA coin (IOTA coin). A few weeks later, IOTA had to fix the problem, which lowered the MIOTA token and reduced the wind.

Even Litecoin had more than one case where things did not go as planned, beyond LitePay's blunder mentioned above. In February, Lee denied that a separate developer group was turning Litecoin into a new cryptocurrency called Litecoin Cash. However, the range in Litecoin Cash has indeed arrived (although it has crashed more than 95% from the hard range).

The fact is that surprises become more of a standard than an exception in the cryptography market and the Securities and Exchange Commission can not do much until regulation is strengthened. While regulation is often seen as the enemy of virtual currencies, increased scrutiny should help lay the groundwork and strengthen investor confidence.

The question is, how long does it take before the US government strengthens cryptocurrency surveillance to make these gaffes a thing of the past? Until we have an answer, investing in virtual currencies will remain an extremely risky business.

Charlie Lee's vision of Litecoin [LTC]& # 39; Future promising & # 39;

ambcrypto

John Carvalho recently interviewed Charlie Lee, founder of Litecoin, on his Youtube channel called "Bitcoin Error Log".

John is primarily focused on topics related to both Bitcoin and Litecoin and recent changes on both platforms.

Some of the points Charlie mentioned at the beginning concerned the place of Litecoin in the blockchain ecosystem. According to him, the litecoin can be considered as a complementary bitcoin and aims to put in place better means of payment. Bitcoin is focusing more on storing values ​​and he thinks the two companies can work side by side.

The two pieces act separately and he thinks that Litecoin contributes to improving the ecosystem in many ways and that he does not want to harm Bitcoin.

Less expensive fees and faster transactions are the two best features of Litecoin. He mentioned that Litecoin will always be cheaper than Bitcoin because of its greater capacity.

He was also asked about the Litecoin Foundation. The Litecoin Foundation was established last year and is headed by Charlie Lee, the current CEO with three other directors. They hired developers to improve Litecoin's operation and make it more user-friendly. They are currently working on Litecoin's main reference client and on developing the Litecoin network by introducing new marketing techniques.

During the conversation, he described the whole problem regarding the LitePay scandal. He said the initial idea behind the introduction of LitePay was to facilitate payment methods for its users by using a consumer credit card facility. The firm had invested $ 50,000 for the same thing. But the LitePay team was not successful in carrying out the project and they noticed that the team did not have the potential to execute the project. Later, the LitePay team sold its assets and went out.

Regarding Abra's participation in Litecoin, he said the company had decided to place smart Bitcoin deals in the Litecoin network because of higher transaction rates.

While comparing Litecoin and Bitcoin Cash, he said the two technologies are almost the same, with the difference that all Bitcoin owners will have default Bitcoin Cash, which will allow them to better support BCH supporters. He also mentioned that the security of Bitcoin Cash is very low because it shares the same hash function as Bitcoin, which makes it more vulnerable to hacking.

Charlie thinks that the price change of a coin is only due to market rates and that the underlying technology should not be responsible for it.

Towards the end of the session, he said that fungibility is the main feature of all transactions involving money. According to him, we can expect "foolproof and confidential transactions" to be implemented based on the Lightning network a year from now.

Finally, he mentioned some of the reasons why a person should own or buy litecoin; It provides a lot of value and you can use their money without being censored and transactions can be done quickly and efficiently.

Johnny T, a cryptocurrency enthusiast tweeted:

"Charlie super interview! When will confidential transactions be added to litecoin? Will this also be enabled by default? "

Another Twitterati says:

"@SatoshiLite J uses #litecoin bitcoin as stock values, my investments, my daily transactions. Personally, I am more comfortable with #litecoin. I tend to believe in you and read more letters than I do with Bitcoin and the long term future I see better with ltc, how do you feel?

Coty Cech, a supporter of Litecoin said:

"Great interview, the tone is hella monotonous lol but the questions were pretty detailed and relevant. Great supporter of Litecoin, I'm glad you have Charlie on "

The amount of cryptocurrency decreases by 10% after the closure of the payment processor "LitePay"; "We are too excited," says the founder of the play

According to CNBC on Monday, the Litecoin Foundation, a nonprofit litecoin promotion organization and LitePay investor, said on its website that LitePay's CEO, Kenneth Asare, had informed the organization "he has stopped all his operations and is preparing to sell the business."

"I am sorry to have built this company and promised to do more due diligence in the future," litecoin creator Charlie Lee said in a tweet.

Mon 26th March 2018

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