Cryptocurrency markets are subdued at the moment and this is the best time to hunt for digital coins that hold great potential in the coming years. Although there are many lesser-known tokens that could provide astronomical returns to investors in the coming years, we want to stick to one that we believe would provide superlative returns sans the high volatility associated with other well-known cryptocurrencies.
Litecoin is one such currency, which has been in the news since last month when LTC creator Charlie Lee donated all his holdings, citing conflict of interest. It has steadily maintained its $200.00+ level and has been gaining since, given the negative news surrounding other cryptocurrencies. It has climbed up the ladder from being the eighth most valuable digital currency to the sixth within a week. Now the next question is, what is the Litecoin (LTC) price forecast for January 2018?
There is a lot of optimism surrounding Litecoin among crypto enthusiasts and the reasons are not hard to fathom. Litecoin is a project with great utility for people who want to transfer small amounts of money or want to spend on inexpensive things, as they have to pay very low fees compared to Bitcoin. LTC has been developed as a lighter version of Bitcoin that offers quicker and cheaper transactions.