Litecoin (LTCUSD)

[Ramiel]

I’m not a trader. I HODL. I’m here for the tech. With that being said, the Lightning network is probably 18 months away from being fully implemented at which time the limits of the bitcoin network will be tested again just like December 2017. As for Litecoin, I see 2 things happening over the next year or so. First you have the Litecoin Summit in San Francisco in 65 days or so. This will be around the time Ethereum Classic is launched on Coinbase. I believe both of these will outperform their bigger brothers btc & ETH. There hasn’t been any Litecoin news over the past month or two. I believe this is on purpose and news is being held back for the summit. Hashrate is near all-time high which only bodes well for the future. https://bitinfocharts.com/comparison/litecoin-hashrate.html#1y

There’s still lots of despair out there as tons of retail is either holding bags or sold and are nonbelievers now that they didn’t get rich right away. Something will need to moon in order to get excitement from retail back and that will be Litecoin imo with the halving occurring a little over a year from now. With supply being cut in half, there will be huge upside move in Litecoin in 2019 which will reach $1000 imo. This is when retail will start getting excited again about crypto and when I’ll be selling and buying more bitcoin in preparation for the full launch of the Lightning network and limitation tests of the network. Lots more regulation should be more than in place by then as well even though it’s an ever-changing process. Remember, crypto is worldwide and accomplishing worldwide standard regulations won’t be easy.

In the meantime, imo I’m expecting a significant up move in Litecoin and Ethereum Classic within the next 2 months or so then a significant upmove in Bitcoin Cash (BCH) for the November 15 hard fork which was just announced today.

https://news.bitcoin.com/bitcoin-abc-developers-publish-bitcoin-cash-upgrade-timeline/

Please remember I’m not a financial advisor nor a trader and this is still the wild Wild West and anything can happen. With that said, lots of advancements have occurred in the space this year and the second half of the year should start to reflect that in the market cap of cryptocurrencies. As the yoy % returns start to shrink due to the price increases occurring a year ago vs the relative stability/consolidation currently occurring, the prices this year should start increasing to compensate. Many “experts” still predict a significant rise towards the latter part of this year and I agree with their assessment due to advancements in the tech, the yoy % changes, market cycles, regulation progress leading to institutional money, adaptation, news, summits, hard forks, speculation, trade wars, currency fluctuations, and many other factors. Just my opinion. GL