Litecoin has taken an especially bad hit from the recent market decline. The value of Litecoin as a currency has sunk, sunk to lows not experienced since November 2017.

Therefore, it is quite easy to look at this and see how Litecoin investors might be worried about the current state of the currency. We on the other hand believe you should remain optimistic about this one.

Litecoin is paving the way for adoption at the moment, with campaigns such as #PayWithLitecoin taking social media by storm. Soon enough, these sorts of movements will encourage investment from bigger firms, firms who wish to accept Litecoin as a payment option.

We must also remember that Litecoin are likely to re-light the old ‘LitePay’ flame, a project which admittedly failed first time round, but could very well bring Litecoin some prosperity in the future months. If we track back through the recent history of Litecoin, we can see it currently sits with an all-time high at around $363.00.

At the time of writing, Litecoin is valued at around $81.00. Therefore, we need to work out what it will take to get Litecoin to climb 270%, to hit that magical $300.00 target. Read more from cryptodaily.co.uk…

thumbnail courtesy of cryptodaily.co.uk