How high do you think Litecoin will climb? We have been anticipating a jump in the Litecoin price with Bitcoin's near future being unknown with the Bitcoin Improvement Proposal (BIP) 148. Bitcoin will be undergoing a user activated soft fork on August 1, 2017. I believe the price of BTC will gradually drop up to that time (great time to buy) and then as Bitcoin adapts to its new fork, it will start to rise again and then really take off. But how does that help Litecoin? Look at the Litecoin chart below from coinmarketcap.com. Litecoin was at $3.98 on March 20th 2017. On April 20th LTC was $9.61, May 10th it jumped to $35.54 and then came down and floated around the $30 mark mostly since. Then we saw a spike on on June 17th, 2 days ago where the price rose into the $40 range and now we have seen an all time high of hitting over $50 today (that's 12.5x increase from 3 months ago)! There's a lot of volume of LTC being traded. In fact, in the last 24 hours $1,349,100,000 of Litecoin has been traded, that's about half of its market cap of $2,612,494,639 which is unheard of!
So why LITECOIN? Well it's a faster, cheaper and more efficient clone of Bitcoin. With all the rises in crypto prices recently, experts were dumbfounded that Litecoin didn't surge with BTC and Ethereum. Now we are seeing its rise and I feel that rise will continue. Bitcoin is slow and expensive to use. It will be more apt as a Gold Standard in crypto in the future but Litecoin will be a much more feasible and easier to use payment system. With the Bitcoin fork happening around the corner, look at Litcoin to get a boost in transactions and people who never used Litecoin will see how much more efficient it really is. What do you think? What price do you see LTC going to???