Litecoin Price Prediction: Trio Big Surprises from Charlie Lee Sweep HODLers Off Their Feet
Daily Litecoin News Update
If you’re an LTC HODLer, today’s news update will send you to cloud nine with supreme rapture. Wij have not one, not two, but three jumbo-sized, action-packed news stories to feast today.
- Litecoin’s transaction speed is about to get a nitrous oxide boost. This digital currency may soon be processing spil many spil a million transactions te a 2nd.
- Litecoin’s next upgrade with lower fees is coming down the pike spil wij speak.
- And the earth-shattering news of the day, a decentralized crypto-cum-fiat currency investing application has just bot launched on Litecoin. Pay attention to my choice of preposition. This is the very first major use-case of Litecoin spil a technology that makes it more than just digital currency.
Let mij further dissect thesis news snippets for you, embarking at the bottom of the list.
The first-of-its-kind decentralized investing and trading application called “Abra” wasgoed launched on Litecoin’s blockchain yesterday. Consider this to be the omschrijving of the decentralized applications built on Ethereum. Ter other words, Litecoin has just shown the world that it is more than just a digital unit of exchange. Its technology is way more worthwhile.
This is the “huge unexpected surprise” Charlie promised to supply back te December, and wij believe that he made good on his promise.
To give you an idea, Abra will permit users to trade and invest ter 20 cryptocurrencies including Litecoin and 50 fiat currencies, all from one seamless smartphone app, with an easy-to-use interface available to investors around the world. This makes Abra the only investing app of its zuigeling out there. What’s more, the app will not charge any fees on trades inbetween the 70 fiat and crypto currencies.
For now, it will permit users to buy te with BTC, USD, or the Philippine peso. But eventually, LTC will also be added to thesis base currencies. We’ll do a feature on this te our next update so stay tuned.
Topping off this fine news wasgoed the release of the “Lightning Network Daemon” (LND), the final fully-tested beta version of the code that has bot deployed on Bitcoin and Litecoin blockchains.
Just to remind my readers, Lightning Network’s notable quality is that it will improve Litecoin’s scalability even further. While it’s true that Litecoin has bot much quicker to transact ter compared to Bitcoin, its speed paled te comparison to fiat currency payment processors like Visa Inc (NYSE:V) and Mastercard Inc (NYSE:Mamma), which can process millions of transactions te a 2nd. Lightning Network will permit Litecoin to achieve the same level of speed.
But what good is speed if fees are not affordable? Again, I know that Litecoin is much cheaper to use than Bitcoin, but to stay ahead of the curve, developers are further slashing miners’ fees. Transaction fees will be lowered from the current 0.001 LTC vanaf transaction to 0.0001 LTC.
The lower transaction fees will go into effect te the next Litecoin Core upgrade, which is slated to be released sometime ter the coming weeks. Lee confirmed yesterday that the development of the next update has just bot shifted into 2nd gear.
After reading all this, any reasonable investor would be wondering, what the heck is wrong with prices?
You’d expect prices to be shooting through the roof right now, but it’s fairly the opposite.
Wij have yesterday’s price crash to blame for the frail investor sentiment. But spil wij highlighted yesterday, the three reasons that caused the crash ter cryptos this week do not affect Litecoin ter the long run.
So to sum it all up, Litecoin is firing on all cylinders now and it’s only a matter of time before the market realizes its potential. If Charlie Lee’s fresh Twitter photo holds any significance, wij expect this rocket ship to be heading straight for the stratosphere.
Wij are more bullish on Litecoin now than everzwijn, and reiterate our Litecoin price prediction with a $400.00 price target for 2018.