Will Litecoin make a comeback this year?

While Litecoin's closest competitors such as EOS have already begun to recover, Litecoin is still on the opposite trajectory. However, despite this, there are many reasons that indicate that the Litecoin price will skyrocket again in 2018.

Litecoin is a cryptocurrency that is currently at the “undervalued” stage. Basically, of course, this is the result of the market collapse, which pushed the prices of cryptocurrencies to frankly low minimums. Litecoin is one of the coins that felt the full force of this collapse. 

Before the market crash, the cost of Litecoin was $366.16, and after that its price dropped by more than half: to $114.23. At the time of writing its price is $118.40. This is not proof that recovery is impossible, it only indicates that Litecoin is still undervalued, which means that it has the potential for further growth.

As a result of this, we can say that Litecoin still has the potential to growth. It has all the capabilities to do this, and therefore it is only a matter of time before the price of Litecoin rises.

Relaunch of the new LitePay

LitePay was supposed to be a revolutionary product, but its launch failed, which seriously damaged the reputation of the altcoin. Many people believe that a new, more suitable version of LitePay is currently in development, and they may be right. While these are just speculations, the launch of a product like this could significantly push the Litecoin price higher. For now, we're just waiting for this to happen at some point, as it's a key step towards general adoption of LiteCoin.

Litcoin's Cousin - Bitcoin

Finally, Central Five Media believes that the price will rise precisely because of the relationship between Litecoin and Bitcoin. This altcoin is called silver and Bitcoin is called gold. Thanks to this, Litecoin is a reputable brand that is able to attract large industrial investors, who in turn will contribute to the growth of its price. In fact, it is logical to assume that as the popularity of Bitcoin grows, so does the popularity of its close relative.

Given these factors, it is quite easy to understand why many expect Litecoin to rise in price. Regardless, it must be reiterated that this is not investment advice. Litecoin can go up or down in price. Please do your research before investing. 

According to cryptodaily