Hello everyone! This is Denox speaking again and I wanted to point out some of the crazy predictions a lot of the cryptocurrency community are having on the future price of Litecoin and list out a few reasons why they pointed that out. So check this video out from one of these guys predicting this:
$30,000 by the end of 2018?!!! 0__o As you know, Litecoin is currently being stabled and traded at around $240-260 at this time. Last month it was $350-400 from its last high of $70-100 xD But now the correction came in and now being supported fully in the mid 200 range. So its still worth much more than it was back in late November 2017 at $100.
So it sure has better support for a bigger price range and that is only going to get bigger as time passes by.
More realistically, I believe Litecoin can go as high as $1K between the 2nd quarter of this year if Litepay is a success and the Lightning Network/Atomic Swap comes in completely:
I am still taking these crazy price predictions with a HUGE Grain of salt because the cryptocurrency market is known to be very unpredictable and volatile. Many things will surprise us as time passes by!
But imagine if the handful of people saying Litecoin to be worth $20-30K per coin by the end of the year was true....
![Litecoin 20K.png]
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Many will say that this is not even possible at all for this year... and I would agree... how are people even making such assumptions?!! If that were true, many of us will become millionaires in an instant by the end of this year if we held at least 30-40 Litecoins. But even if it just reaches $1,000-$5,000 by the end of this year, it would be amazing for us holding Litecoin!
Now here are some of the reasons why people are exaggerating the price predictions about Litecoin, but if we all want to believe that this price reach is possible, then Bitcoin will have to be like $50-100K per coin by the end of this year and not even Bitcoin has reached $20K yet:
1.) Litepay will seem to become a Huge Success by next month resulting Litecoin to skyrocket to the $500-$1000 range instantly.
2.) Lightning Network will be implemented mid-late this year causing the price of Litecoin to go from $1K to $2-3K instantly.
3.) Atomic Swaps will be implemented this year as well, causing Litecoin to go to over $5K
4.) This year, the whole Crypto Currency Market will reach a 1 Trillion dollar market cap... causing Mainstream Media to start talking the crap out of Bitcoin, Ethereum, Litecoin, Ripple, Cardano, etc. causing even more mass adoption and people going crazy to buy Litecoin the moment celebrities and newsreporters talks about the benefits of Litecoin. May cause the price to go up to $6-10K
5.) Litecoin Halving will happen on on August 10th, 2019! Causing block mining rewards to half making Litecoin more harder to mine and more rare, plus super high demands. Litecoin may reach $20-30K in 2019 xD
6.) Litecoin will be accepted in Amazon, Facebook and other sites as a payment options this year or 2019. Its already being accepted for OpenBazaar which is a good sign.
Now the craziest news of all is this video... Litecoin to be worth $100,000 in 2 years xD Causing me and soooo many others holding Litecoin to become instant millionaires just like Bitcoin did to many early adoptors a few years back:
All these videos has waaay more likes than dislikes which means many people out there believe that Litecoin is their best hope of them becoming financially free and millionaires in the very near future.
Only God knows the future of Litecoin but with all those hypes I mention, I do not blame any of them to dream that big. I mean I hope we get to that point but let's keep our expectations lower to make sure we do not get too disappointed if Litecoin is only worth $1K by the end of the year... or 1 cent... JUST KIDDING XD
So what do you guys think about this? You really believe all these crazy predictions or does a $1K Litecoin by the end of this year sound more realistic. Charlie Lee sure knows how to hype the public in a very real genuine way with real use for this crypto going forward. Eventually one day, everyone in the world will know what a Bitcoin and Litecoin is.
Upvote this if you find this information valuable. Comment below what you think can make Litecoin go over $100,000 by 2020 if its possible. Or do you think Litecoin will crash? All opinions are welcome. Bye bye until next blog! :)