Litecoin creator Charlie Lee, already a notable presence in the blockchain world, has recently undertaken something of a media blitz, appearing on both CNBC's Squawk Alley and The Glenn Beck Program. Calendar dateRegularLeast possible priceBest possible price2022 January 01, Saturday167.381142.27385192.488152022 January 02, Sunday168.030142.8255193.23452022 January 03, Monday173.274147.2829199. Elsewhere, more cautious price forecasts by CryptoGround and DigitalCoin suggest LTC will be worth 466.28 or 478.7. These buyers choose speed and convenience over diligent research of options-meaning they tend to buy in at the highest possible price, which further drives the number. Meanwhile, even experienced buyers are making the choice to go in heavier on LTC in hopes of profiting off of the current surge. The price of Litecoin will likely go up in 2025 and could hit a high of 2,443 according to Cryptocurrency Price Prediction or even 10,000 according to PrimeXBT. Many of these buyers flooding Coinbase are buying due to the FOMO ("fear of missing out") that the current crypto-craze is generating, possibly causing erratic buyer behavior-often in the direction of purchasing rather than waiting or selling. He is not alone, as there are many experts and analysts that believed the price of Litecoin will continue to rise in 2018.
He said that the price of Litecoin will rise as high as 1500 in 2018.
And while there are certainly other options in this general category, none are on Coinbase. George Tung, a cryptocurrency analyst, had his say on the Litecoin price prediction. Buyers Are Beginning to Understand LitecoinĪs more people buy into cryptocurrency through Bitcoin through sites like Coinbase, it becomes much clearer to see how Litecoin's speed and low fees are a benefit to them.Įspecially when using a service like Changelly, which allows users to convert many cryptocurrencies directly to others (rather than having to trade for BTC or ETH and then into the desired cryptocurrency)-LTC offers a unique advantage in its speed. Many of these users also aren't tainted by the remorse of not buying LTC when it was in the single digits right before their eyes.
Coinbase only supports three cryptocurrencies: Bitcoin, Ethereum, and Litecoin.Īs mentioned, the positive relationship between BTC and LTC might be playing in the latter's advantage-drawing fresh eyeballs to the most popular crypto exchange on the planet. Massive Influx of Users on CoinbaseĬoinbase, the popular cryptocurrency brokerage, is adding around 100,000 new users per day, recently surpassing YouTube as the #1 app on the Apple App Store. Especially as network speeds lag and transaction fees soar on Bitcoin, Litecoin may be an appealing trading alternative with its faster speeds and lower transaction costs.