Litecoin is inspired by Bitcoin and technically has the same implementation principle. The creation and transfer of Litecoin is based on an open source encryption protocol. So, how much do you know about the Ltc coin future value?
The development status of Litecoin
Recently, with the repeated low innovation of the price of Litecoin, it has caused widespread concern and discussion. The Litecoin has been converted from 0.051 BTC in the brilliant period to 0.058 BTC in the current 1LTC, with a drop of 86% and a market value of 7.5 times. At the same time, the difficulty curve of the Wright currency calculation is slowly declining, which means that more and more mining machines will be shut down and the computing power will show negative growth. It is expected that the computing power will fluctuate with the fluctuation of the Lite currency market in the future.
With the sluggish market for Litecoin, the shrinking mining industry, and the lack of application scenarios, fewer and fewer people are involved in the participation of Litecoin. The outlook does not seem optimistic. Some reasons may need to be explored:
- Mining is too central. Since the launch of the Litecoin professional mining machine at the beginning of last year, some mines have exceeded 50% of the total network computing power, which will lead to uneven distribution.
- Although there are many bitcoin trading platforms on the line of Litecoin, the emergence of futures and leverage has led to participation and crowds like gambling.
- Among the many Altcoins that compete with Bitcoin, the follow-up innovation and promotion of the development team is obviously insufficient.
2018, Litecoin will rise
Some time ago, Bitcoin rose 40%, and it rose more than 200%. A trading platform shows that at the beginning of this year, its trading price was less than $6, and this Tuesday it exceeded $380. It is also based on blockchain technology, but generates Litecoin that trades far faster than Bitcoin. Like Bitcoin, Litecoin is also based on blockchain technology and has an announced transaction book. According to the data of the website citicoins, the price of Litecoin has exceeded $320, and it has increased by nearly 78% in one day. In the past seven days, Bitcoin has risen by about 45%, and Litecoin has risen by more than 214%.
After 10 consecutive increases, Litecoin will usher in a big market in the Ltc coin future value. Because of the fast transaction speed, Litecoin can become an important payment force, and Bitcoin is more likely to be used for storage.