Even though Litecoin’s value is still stuck around the same level, people remain quite bullish. A new Clif High report indicates good things are about to happen to LTC. The ecosystem has seen major technological developments over the past few months. Moreover, it appears some big changes could come to Litecoin in August of this year. The report feels LTC can compete with ETH in value. That is quite a bold statement, to say the least.
It would be quite interesting to see Litecoin compete with Ethereum in value. It is unclear how that will happen, though. Either ETH will lose a lot of value, or LTC will make up ground significantly. For now, it is anybody’s guess as to how the markets will evolve. Ethereum is going through a value decline right now, which is quite interesting. The real value of Ether has yet to be determined at this point, that much is evident.
Litecoin Can Hit US$100 in August
One thing Litecoin has going for it is how technical advancements are made right now. Activation of SegWit on the network has been quite a big step forward. With the lightning network for Litecoin in development right now, things will only get more interesting from here on out. According to Clif High’s report, more development has yet to come in August of this year. It will be quite interesting to see what the future holds, to say the least.
The report also mentions how a three-digit US Dollar price for LTC is entirely possible. It would be quite interesting to see Litecoin hit US$100, to say the least. LTC Has been undervalued for quite some time now, and it does not look like the price will break US$50 anytime soon. Then again, things can always evolve pretty quickly in the world of cryptocurrency. A lot of LTC owners would be quite happy to see a Litecoin value of US$100 or more, though.
The current marketing efforts surrounding Litecoin require time to fully take off. This particular report seems to indicate August 2017 will be a spectacular month for LTC. Rest assured the community will keep a very close eye on how things will evolve in this particular market. Bullish reports are one thing, although they may not necessarily influence the market all that much.
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