Cryptocurrency Litecoin was established in 2011. Many have compared it with Torrent software - users are united by one program, a wallet with cryptocoins. The project is a single network that allows participants to exchange digital savings.

The project is based on the Bitcoin source code. This is a decentralized system, which is characterized by anonymity and a high level of protection. The organizers of Litecoin set themselves the goal of creating an improved version of Bitcoin, and this task was successfully completed. LTC coins could not only become popular - at the moment it is one of the most popular currencies in the world.

Five years ago, experts began to realize that LTC could completely replace Bitcoin, but so far this has not happened due to increasing mining difficulty. Many miners switched to mining other cryptocoins, which caused Litecoin to move to second place - Bitcoin was still the gold medalist.

The situation with Litecoin at the end of 2017

At the end of 2017, all popular cryptocurrencies began to grow in price. This also affected the Litecoin project. Despite the pessimistic mood of experts, the cost of coins began to grow. The management began to express the opinion that they could achieve their goal and become the number 2 currency in the world. At the end of 2017, they got even closer to that mark.

The price of one coin has increased by several tens of times. There was only one reason for the growth: the general popularization of all cryptocurrencies and the extraordinary hype. People were looking for worthy options for bitcoin and ether, and a huge part of investors began to buy Litecoin tokens.

At the moment, the capitalization of the project is almost 8 billion dollars. The currency is in 6th place in the list of the most popular digital financial instruments. Here is a great investment option, as the era of cryptocoins is just beginning. The demand for Bitcoin will increase due to the huge number of companies that make money on sites, contributing to even greater popularization of other projects.

The popularity of the Litecoin project

The popularity of crypto coins is constantly growing and this is not only because of Bitcoin. Investors, companies and individuals are looking for profitable investment options, and the described type of digital coins looks attractive. It is affordable and can be mined if you have powerful hardware.

At the moment, the exact capitalization is $7,773,647,251.05, and the cost at the beginning of February 2018 is $138. Note that in 24 hours the price per coin ranged from 138 to 164 dollars, which indicates the volatility of the rate. This may be of interest to traders who follow the charts on a regular basis and are familiar with the basics technical analysis.

The total turnover of Litecoin in 24 hours is 850 million dollars, which indicates the high popularity of the project. People are really showing interest in crypto coins, which have been in the top 10 best digital investment options for a long time.

Litecoin Price Predictions in 2018

First, you need to consider the potential price increase based on technical analysis. Experienced traders always look at the chart and try to analyze the situation. To make a forecast for the growth of the currency in 2018, you need to look again at the reasons for the increase in value at the end of 2017.

Huge amount of news, advertising on TV and other types of media. In 50% of Youtube videos, a handsome trader in a jacket talks about the growth of the cryptocurrency market as a whole. This creates a huge demand for this financial instrument. Cryptocurrency Litecoin got into the general flow of "information injection" and very soon its price will rise again.

The next boom will not be long in coming when the price of Bitcoin creeps up again. If this happens, then Litecoin will also be in demand. The reason for this is the fact that this company has created an improved version of Bitcoin. From technical analysis, we can say that the exchange rate could rise to $240- if this happens, then the price will crawl further, to the mark of $ 300.

Now let's turn to fundamental analysis.. More and more news about Litecoin and Bitcoin appears in the vastness of the global network. However, the news appears based on events that take place in the world of cryptocurrency. When the gaming platform Steam announced that it no longer intends to accept Bitcoin for payment, the reputation of the LTC crypto coin grew, and the rate increased along with the reputation. Analysts suggest that LTC could rise to $600 soon.

What other events influenced the popularization of the cryptocoin in question? More recently, the Coinbase exchange added Litecoin, which provoked an increase in the popularity of coins. The CBOE exchange began trading Bitcoin futures, and we know that Litecoin always follows Bitcoin. This crypto-coin so far fluctuates in 5-6th place in the ranking of the most popular digital financial instruments.

Here is what the founder of Litecoin, Charlie Lee says:

“So far, for all currencies, Bitcoin is the benchmark and standard. However, the second after it will always be Litecoin. Transactions of my currency are cheaper, which means that my financial instrument is more suitable for payment.”

What factors influence the rate of LTC coins in the future?

You can mine coins, but for this process you will need modern equipment and a lot of time. You need to start by creating a wallet and download software in the Soft category - all this is done on the official website of the project. We do not recommend mining if your video card memory is less than 2GB.

To see if you can do this, you can go to the site litecoin.info/Mining_hardware_comparison.

Let's move on to important events that may affect the growth or decline in the value of Litecoin:

• On February 11, 2018, the Cryptopia.co.nz exchange plans to completely abandon Litecoin trading within its platform. This event may negatively affect the reputation of the coin, but it is unlikely to have a strong impact on the value. One thing is clear - this event cannot be called positive, but it is unlikely to greatly affect the price of the cryptocoin;
• On February 19, 2018, the Litecoin Cash website intends to hard fork. This means that the network will begin to live its own life and create its own transaction history. At the moment, there are 7867 blocks left before the fork. This suggests that Litecoin is popular and this event will lead to an increase in the popularity of this project. And the higher the popularity, the higher the cost;
• On February 26, 2018, the Litepay website will officially start working. Using the service, you can exchange cryptocurrency for dollars or buy goods and services with digital coins. This event will have a positive impact on the value of coins.

How can I buy Litecoin?

The easiest option is to use the bestchange.ru exchange. To buy Litecoin, you need to select the appropriate exchange direction:

After that, on the right side, you need to select a site where you can make a transfer. For example, you indicated the direction of BTC to LTC:

After that, you simply go to the site and make a transaction.

Where is it better to store cryptocoins and is it worth buying?

Consider several storage options:

• ElectrumLTC. The software is easy to use and fast even on slow laptops;
• LitecoinCore. This is an official client from the company - it takes a long time to synchronize;
• exodus. You can store up to 8 types of coins on the wallet, including LTC.

It remains to be asked, is it worth buying this cryptocurrency? Everything depends on Bitcoin. If its rate continues to grow, then the price of Litecoin will continue to increase. Therefore, we recommend purchasing this asset, as many experts predict an increase in the value of this “digital investment”.

A fairly positive year, but experts agree that investors should not make large investments in cryptocurrency due to the fact that it does not have a sufficiently strong position in the market. Therefore, in this article, we will consider what the forecast for the Litecoin cryptocurrency expects in 2018.

What is Litecoin

So, Litecoin (“digital silver”) is a cryptocurrency that appeared in 2011 with the support of the bitcoin community. It should be noted that the peer-to-peer system of the coin is very similar to the torrent system, where each node (computer) is an equivalent segment. As in the “digital gold” ecosystem, all nodes are interconnected into a single network where community members can exchange electronic finance. In particular, the Litecoin system also does not have a regulatory center, which allows transactions to be anonymized and confidential through the use of cryptographic methods.

Despite the significant similarity of bitcoin, the cryptocurrency in question has a number of significant differences, among which the following should be noted:

1. If bitcoin has a limited number of coins of 21 million BTC, then "digital silver" provides for the possibility of creating 84 million LTC;
2. The difficulty of mining new blocks in the decentralized network is recalculated every 3.5 days;
3. The time to create the next block in the chain is 2.5 minutes, which is much faster than in the Bitcoin system;
4. Mining LTC is several times less productive than BTC;
5. Certain differences in the cryptographic protection of cryptocurrencies.

History of Litecoin development

At the moment, the cost of one Litecoin is 210 US dollars. However, before considering the LTC forecast for the current year, we suggest recalling how the cryptocurrency developed earlier.

As noted above, Litecoin was released in 2011. At the same time, starting only from 2013, the coin rate began to show active growth, and the volume of mined LTC increased accordingly. This, in turn, led to the fact that this currency began to gain popularity among investors and even received the name "digital gold".

However, in 2014 the situation on the market changed dramatically. The cost of BTC began to grow actively, while Litecoin remained at its previous positions. This circumstance, according to experts, was due to the fact that cryptocurrency mining brings much less profit to miners, unlike other coins. Therefore, it is believed that it was 2014 that became the key year for “digital gold”. In a short period of time, there was a significant outflow of miners into the ecosystem of the main competitor, and Litecoin lost second place in terms of capitalization, moving to fourth. Today, LTC is quite confident in the top 10 currencies and there are no serious factors for a significant change in the position of the coin on the market.

It will also be important to note that Litecoin, despite a number of negative aspects associated with the features of its system, continues to be attractive to users for several reasons:

1. The coin is quite actively used as electronic currency in the process of making transactions within the community;
2. Cryptocurrency is often used to diversify an investment portfolio with the prospect of a possible increase in its value;
3. A profitable tool for short-term speculative actions.

Litecoin forecast for 2018

It should be noted that many analysts and experts continue to view Litecoin as a very . Admittedly, this is largely due to the tireless work of promoting and developing the coin of its founder Charlie Lee.

Positive forecasts for the cryptocurrency rate are also due to the fact that news is being actively circulated that BTC will no longer be used as one of the payment methods on Steam, which is the largest gaming platform. In this regard, it is indicated that if Litecoin can replace “digital gold”, then the price of the coin will increase significantly in a short period of time to $500.

In particular, Bitrefill announced that it would begin accepting "digital silver" for the subsequent payment for communication services around the world. This, according to experts, will be a good example for many other corporations. In this case, the advantages of Litecoin are low fees and high throughput.

Along with this, the Lightning network will allow transactions in litecoins much faster and cheaper than in BTC, which also positively affects the prospect of price growth in 2018. The very fact that Litecoin was able to overtake its competitors and become the first in the Lightning Network is a positive factor indicating the focus of this cryptocurrency on further development.

Also, based on the technical analysis of the charts, a correction to $240 is expected in the near future and a gradual further growth with a support line at $300. At the same time, it is predicted that by the middle of 2018 the cost of the coin will be $450.

The Internet resource Walletinvestor.com, which specializes in technical analysis, also did not fail to make a positive forecast for investments in digital currency. According to long term forecast the price of a coin in 2022 can reach $620, thus investments can bring a return of 300%. At the same time, taking into account the peculiarities of the cryptocurrency market, no one should lose sight of the risks.

Negative Litecoin Forecast for 2018

To add a fly in the ointment to the barrel of honey, we will focus on the factors that can negatively affect the value of Litecoin in 2018. In this case, it is worth noting government regulations, especially in countries such as Japan, the United States, China and India.

So, for example, if the US government decides to ban any company from receiving payments in Litecoin, this will significantly damage the value of the digital currency. In addition, the government can close all cryptocurrency exchanges, which China did, or ban the import and production of ASICs, along with other equipment necessary for mining.

Should you invest in Litecoin?

No one can answer this question with certainty. Everyone makes their own decision, but we advise you to pay attention to the following facts:

• Litecoin is a fairly young cryptocurrency, so every six months the development of the ecosystem opens up new opportunities for the project. In this regard, it is best to evaluate Litecoin in the future.
• During 2017, the price of the coin increased by more than 25 times.
• Centralized leadership over the project makes it much easier for the community to respond to sharp market fluctuations.
• The absence of forks and a single line of further development.

Summing up, we note that the coin has potential, but it should be understood that any forecast is a delicate topic that requires serious monitoring and evaluation of various points of view. Despite the planned increase in the price of cryptocurrency, we believe that it is not advisable to invest all your savings in Litecoin. This rule remains relevant when investing in any of the cryptocurrencies - do not invest all your funds in a single asset.

The Litecoin cryptocurrency was created in 2011 as an alternative (fork) to Bitcoin.
Litecoin was created on the same blockchain protocol, but differs from Bitcoin in a higher block generation speed and the use of the “proof-of-work” algorithm (Litecoin has Scrypt, Bitcoin has SHA 256). In other words, LTC is cheaper and faster.

Creator Charlie Lee says about the mission of Litecoin: “I always knew that it would be difficult for bitcoin to scale and be the only coin that does everything for everyone. Therefore, my vision is that Litecoin should complement Bitcoin by becoming a payment instrument. If you call Bitcoin digital gold, then Litecoin could be considered silver.” LTC is almost constantly present in the top five cryptocurrencies with the highest market capitalization. For 6 years, it has served as a testing ground for future bitcoin upgrades.

With an innovative culture, the ecosystem is tuned for continuous improvement and makes it easier to implement updates. However, problems still remain.

• Scaling. Litecoin is not an independent currency, but just a modified version of Bitcoin. Therefore, many believe that the fork is not able to offer anything fundamentally new if Bitcoin does not solve the problem of scaling;
• Availability of cryptocurrencies. To purchase Litecoins, you must first buy Bitcoins and then exchange them for LTC. It's expensive and inconvenient. For this reason, investors prefer to use BTC and the Lightning Network payment protocol and use altcoin less often;
• External calls. The actions of regulators and financial structures hinder the company's entry into the micropayment market. Partly because of this, the February release of the announced payment system LitePay;

Litecoin outlook for 2018

In early March of this year, many cryptocurrencies hit the bottom due to unfavorable global market conditions. Litecoin also had to fight. The company has developed several innovative solutions to strengthen its position.

1.Technological advantages

One of the first altcoins uses its unique position: it has all the advantages of the Bitcoin platform and at the same time can introduce new technologies while distancing itself from it.

2. Segregated Witness (SegWit)

The SegWit protocol solves the problem of scaling, speeds up transaction times and reduces mining costs. Litecoin switched to new technology before Bitcoin, in August 2017, this was considered an undeniable advantage. However, the recent inclusion of SegWit on the Bitcoin blockchain has leveled the playing field.

3. Litecoin Core 0.16.0.

Release of Litecoin Core 0.16.0. expected soon. The new version will fully support SegWit. The developers have eliminated all the imperfections of version 13 and promise wallet users a number of positive changes.

4. Atomic Swaps

Atomic Swaps technology is the ability to make instant cross-chain transactions. In other words, it allows you to trade one coin without first exchanging for another, and it is also cheaper to buy Bitcoin and Litecoin.

The advantage is enhanced if the technology is used inside the Lightning Network by reducing the cost of fees on each transaction. As a result, the number of users is increasing, and the importance of Litecoin as a digital means of payment is increasing.

5. LitePay

The Litepay payment system, modeled on Bitcoin's BitPay, inherits Litecoin's superior speed and low transaction costs. In addition, it is the only cryptocurrency in the top 10 with a relatively stable exchange rate. And minor price fluctuations of the coin are mitigated by Litepay instant transactions. A promising solution could increase Litecoin's income by opening the way to the retail payments market.

6. Landmark projects

Many corporate investors and venture funds invest in Litecoin. Companies that would like to integrate crypto payments into their business are especially active.

Amazon has shown interest in Litecoin as a digital payment instrument. LTC can become a hassle-free means of payment on the Amazon platform due to low transaction costs and almost instant payment confirmation.

Litecoin competes with Ripple for a partnership with a leading online retailer. But, in addition to technological advantages, LTC has an important advantage - the ability to withstand market fluctuations. Compared to most cryptocurrencies from the top 10 list, it demonstrates relative exchange rate stability.

In addition, Litecoin is one of the safest cryptocurrencies due to its fast transaction processing. The faster the transaction is confirmed, the higher the network throughput. The fact that Amazon is more likely to favor Litecoin makes the currency more promising.

7. Collaboration with the Gemini crypto exchange

The founders of Gemini Exchange announced that this year they will add currency pairs BCH and LTC.
The appearance of Litecoin in the listing of the trading platform will accelerate its penetration into the market and ensure the attractiveness of the currency in the coming years.

Given that Gemini traded only the leading currencies - BTC and ETH, such a move on its part can be regarded as an increase in the status of Litecoin. Both projects can be considered significant. For Litecoin, these are great prospects and an application for the first place in the field of crypto payments.

Litecoin forecast for 2018

In the long term, Litecoin looks promising. Therefore, many investors are trying to predict the price of the coin in 2018. Most experts believe that by the end of 2018 the LTC rate will reach about $600. Analyst John Young, based on the Monte Carlo method, predicts the price of the coin in 2018 in range from $6 to $507 with an average of $122.

John McAfee, one of the largest BTC miners in the US, predicts that 1 BTC will grow to $1 million by 2020. Accordingly, 1 LTC instead of the current 162 may cost $15,000.

Other analysts are confident that Litecoin prices can balance between $30 and $7636 with a median of $472. At the same time, any financial forecasts regarding cryptocurrencies may be subject to strong adjustment due to the actions of the regulator.

Output

In this article, we reviewed Litecoin in terms of the number of mentions on the Internet is no longer inferior to the leading cryptocurrencies - Bitcoin and Ethereum. It seems that now Litecoin has everything to overtake the nearest competitors Ripple and Bitcoin Cash and get out of the shadow of Bitcoin in the foreseeable future. And what do you think? Is it worth buying litecoin? Write in the comments!

At the moment Litecoin is one of the most popular coins. At the time of writing, LTC has a market capitalization of $11,633,583,937 and the value of a single coin has skyrocketed over 2017. What will happen to this cryptocurrency next year?

Before predicting the value of this currency for 2018, it should be noted:

• In 2018, the rise of Litecoin will not crush the cue ball;
• In 2018, the cue ball will not crush litecoin;
• Bitcoin and Litecoin will not crush Ethereum in 2018;
• In 2018, ethereum will not be crushed by cue ball and litecoin.

And all because we are far from fighting for the winner in the digital market. Right now, the digital industry is as sensitive as a newborn baby. He screams if he doesn't like something, and can also start crying at any time. It is necessary to wait until the cryptocurrency industry grows.

Litecoin price history

LTC is one of the few cryptocurrencies with a market capitalization that is measured in billions, namely 11.6 billion US dollars. Its price went through the same boom and bust as bitcoin. The rate of both coins soared in November-December 2013.

You can argue that LTC is trading near its all-time highs. Now it is in the region of 200-300 USD, but this coin has a history of sharp movements. However, the prices did not change during 2014, 2015 and 2016. Back then, digital currencies experienced a renaissance. The addition of the LTC exchange was the spark that caused the LTC value to skyrocket. Since people were able to buy Litecoin without hassle, its value has increased by 855%.

Litecoin price forecast in 2018

Right now, LTC is worth $213. If the acceptance rate increases, then the litecoin rate will also increase. Along with the adoption rate and the general price movement of cryptocurrencies, a commensurate increase in the number of developers is expected, which should stimulate price increases.

In fact, when LTC first appeared, its creator, Charlie Lee, introduced the coin as a currency used for transactions, while Bitcoin began to be used as a tool for storing value. That is why LTC has been called silver in the cryptocurrency world.

In addition to all of the above, it needs to be noted that crypto investors are trying to hedge their exposure by diversifying their portfolio of digital coins. As a result, approximately 18% of people who buy LTC use Bitcoin, thereby increasing the demand for Litecoin and cementing it as a major player in the cryptocurrency space.

Government regulations

Another factor that has a big impact on the price of Litecoin and all other coins are the government regulations of the following countries:

• United States of America;
• The Russian Federation;
• China;
• Japan.

For example, after the announcement of the Chinese government to ban bitcoin and other coins in September last year, forcing the closure of all cryptocurrency exchanges, the value of all digital currencies has plummeted.

How can any state regulate the flow of LTK? After all, the advantage of cryptocurrencies is that they are decentralized. However, decentralization does not mean that the LTC flow cannot be regulated. For example, if the Russian Federation restricts all firms from receiving payments in Litecoin, then this could damage the value of the digital currency. In addition, the government could shut down all cryptocurrency exchanges, which China did, or ban the import and production of ASICs (Application Specific Integrated Circuits) along with other equipment that is required for coin mining.

Undeniable advantages

Whether it is abundant supply or fast transactions, the number of users using Litecoin should increase exponentially. On the one hand, Litecoin, along with other digital currencies, is pegged to bitcoin. In the sense that an increase in BTC usage leads to a higher adoption rate for the rest of the digital currencies.

On the other hand, with both SegWit and the Lightning network, LTC has the potential to scale well beyond what Bitcoin is capable of. If you are not familiar with the SegWit or Lightning network, then you need to know that they are technologies that allow digital currency transactions to be accelerated at low cost. All of the above factors should influence the Litecoin price forecast for 2018.

Output

It is difficult to predict the value of Litecoin in 2018, but we will try to do it. We believe that LTC will have sunny days, in 2018 the value of the coin will vary in the range of 2000-25000 USD. However, it should be noted that we do not encourage you to purchase LTC coins. Buy or not - you have to decide for yourself. But know that anything can happen to the exchange rate, it is impossible to make the most accurate forecast.

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Sam Quinn, a regular contributor to the popular online publication ethereumworldnews.com, shares his thoughts on the cryptocurrency silver - Litecoin. What are the advantages of this cryptocurrency, what is in store for it in the future and what is the possible price for Liecoin in 2018. Does Litecoin have a chance to beat other cryptocurrencies?

Although there is much more talk about Bitcoin and it is this one that pops up in the mind of a simple layman when it comes to cryptocurrencies, Litecoin is superior to Bitcoin in many ways. For example, Litecoin survived the activation of "" (Bitcoin is just in the middle of this painful path). Well, in the end, for Litecoin, the miner receives 25 tokens, while Bitcoin pays only 12.5.

These differences look small, but can seriously affect Litecoin's price prediction.

Before we continue, I would like to clarify my point:

• I don't believe Litecoin will overtake Bitcoin.
• I do not believe that the situation with Bitcoin can lead to the disappearance of Litecoin.
• I do not believe that Bitcoin or Litecoin can significantly affect Ethereum.
• I do not believe that Ethereum can threaten the existence of Bitcoin and Litecoin.

Or, to be more specific, I don't think it will happen in the next 12 months. The cryptocurrency market is not at the stage of development where the winner takes all.

Now the state of the industry can rather be described as infancy. She kicks and yells whatever she doesn't like, is intolerant of compromise, and can burst into tears at any moment (read price drop by 10% just to blow off steam).

We have to wait until the industry matures. Just like children transitioning into adulthood, the harsh realities of the world will help them adapt and grow. Some will fall behind or disappear from the radar altogether. Few will achieve real success.

Will Litecoin be one of them? I think yes.

Of the nearly 900 digital currencies that exist today, Bitcoin and Ethereum are the most likely to survive, along with Litecoin and Ripple. This corresponds to the history of any industry - when stability comes to the market, there are 3-4 players left.

At this point, perhaps the struggle between the survivors for complete dominance of the market will begin. Until that time, I believe that the victories of any cryptocurrency play into the hands of the entire industry.

Litecoin price history

Litecoin is one of the few cryptocurrencies with a market capitalization in the billions. It is - 2.16 billion US dollars. The price of it experienced exactly the same boom as the price of Bitcoin. Both currencies rose at the end of 2013 before collapsing.

The exchange rate of the dollar to LTC, at the moment, ranges from 40 to 50 US dollars, but this was not always the case. I remember how the price of Litecoin doubled in one day.

However, prices remained at the same level for most of the history of the existence of this cryptocurrency in 2014, 2015 and 2016. Back then, cryptocurrencies were going through a renaissance. Our January and February Litecoin price forecast for 2018 was pretty bleak, but then rumors began to surface that this cryptocurrency would be freely traded on . It changes everything.

The addition of Litecoin to this exchange led to a sharp increase in the price of LTC. As soon as investors were able to buy Litecoin without having to buy Bitcoin (under the old scheme, you had to buy Bitcoin, you could buy LItecoin with Bitcoin), its price skyrocketed by 855%.

Some argue that Litecoin and Bitcoin are like silver and gold, respectively. Bitcoin is gold, a currency reserve, while Litecoin is silver, an industrial metal with real applications.

Perhaps, for those who have only recently plunged into the world of cryptocurrencies, it will be useful to recall the meaning of some basic concepts. For them, our short guide to blockchain, Bitcoin and Litecoin.

The first thing you should know is that the whole topic of cryptocurrencies - Bitcoin, Ethereum, Litecoin, smart contracts - is less than 10 years old.

The technology that made all this possible (known as "") first appeared in a document published under the name of a certain . In this document, the author says that the Internet is not as free as we used to think about it. One way or another, all cables lead to giant information companies.

Nakamoto showed the shortcomings of this client-server model. But, unlike most people, he did not just criticize her, but also offered an alternative. He developed blockchain technology, which is really similar to the Internet, but does not rely on servers belonging to large corporations, but on users' computers. This is the fundamental difference.

When you send a wire transfer, for example, it is sent from your computer to a server and then to the final recipient (presumably one of your friend's or colleague's computers). In the blockchain, this payment is recorded on all computers at the same time, but only you can access it.

Well, you and the person who sent it.

Access is granted using a unique "cryptographic" key. This method of translation does not require the participation of intermediaries. It is direct, safe and does not require any extra steps.

But in order to use this amazing payment system, you need to use Bitcoin. Bitcoin is obtained as a result of activities that are called mining (mining - mining).

Imagine that you can use your computer to solve a hard math problem, and in return you get bitcoins that you can later use to make purchases. It's a bit like a dream. You didn't make any real effort for it other than buying a computer and paying your electricity bills.

However, the mining reward decreases as more Bitcoin is added to the circulation.

In fact, at a certain point, which is called halving (halving), the reward is halved. Bitcoin has already experienced two such moments and today the reward is only 12.5 Bitcoin per block, which is significantly less than the miners receive for mining Litecoin.

Miners receive 25 Litecoin per block.

Is it possible to compare the potential of Litecoin with Bitcoin?

We know that the prices of cryptocurrencies can rise significantly in very short periods of time. Therefore, it is not worth evaluating the potential of Litecoin based on its current value. Think about how much this cryptocurrency could be worth tomorrow.

Litecoin has a lot of potential... but it needs a significant increase in the popularity of this cryptocurrency. Luckily, this is where we have good news. Thanks to the Lightning Network, Litecoin holders can make payments much faster and cheaper than on the Bitcoin network.

To tell the truth, this is quite revolutionary news. Everyone thought that Bitcoin would be the first to turn on the Lightning Network, but Bitcoin still hasn't even gone through the SegWit activation stage.

The problem with Bitcoin and SegWit is that it requires the consent of too many people to support it. If you've ever tried to convince more than 10 people to agree to something, then you know what I mean.

Meanwhile, Litecoin has already integrated SegWit and is actively working with the Lightning Network.

Should you invest in Litecoin?

Over the past few months, Litecoin has achieved significant results in the cryptocurrency market. Theoretically, it can be assumed that in the future, developers, followed by investors, will begin to migrate to LItecoin, and this, in turn, will lead to an increase in the price of LTC. In addition, it is much easier to purchase Litecoin now than a few months ago, when this required additional transactions with Bitcoin. And the number of exchangers with ATMs that work with Litecoin has grown significantly.

The combination of all these factors allows us to assume that the price of Litecoin in 2018 will vary from $300 to $400.

Of course, this is not enough to reach the same level with Bitcoin, but it is quite enough to compete with Ethereum.