Why The Lightning Network Will See Litecoin Reach $2,000

In February 2017, top market cap altcoin Ethereum was priced at just $12.84. Then in March, something incredible happened. As awareness of Ethereum’s smart contract capabilities started to snowball, so too did the Ethereum price. As a result, ETH today is valued at an astonishing $1,500 per token.

Needless to say, more than a few digital currency investors wish that they had bought up more Ethereum 12-months ago. As it happens, however, none other than Litecoin might be about to make even more significant gains in 2018.

Litecoin is About to Make Bitcoin Transactions Dirt Cheap

As of February 13th, Litecoin’s Lightning Network has grown to incorporate almost 2,000 transaction nodes. As a result, when the full Lightning Network mainnet goes live, Bitcoin transactions which are processed by the Lightning Network will have fees reduced to mere cents on the dollar. Much more importantly, transactions will be settled instantly.

Will Litecoin’s Lightning Network Match Ethereums Growth in 2018

To call Litecoin’s Lightning Network roll-out revolutionary is an understatement.

At resent, Bitcoin traders and investors have profits throttled and losses magnified, by up to 1-hour Bitcoin transaction processing times. At the very least, what Litecoin is therefore about to do, is make cryptocurrency trading and investing significantly more profitable and appealing. Most importantly of all, though, Litecoin is about to make Bitcoin itself usable in real-world retail contexts.

Coinbase & LitePay are Ready & Waiting to Embrace the Lightning Network

Cryptocurrency exchange Coinbase has previously been singled out as the biggest obstacle in the way of real Bitcoin scalability.

Until very recently, Coinbase refused to implement Segwit. This in itself resulted in every Bitcoin transaction on Coinbase being processed individually, causing significant transaction congestion. The good news, in this case, is that Coinbase hasn’t just started rolling out Segwit. As well as this, a new Lightning Network app called 'Lightning Ramp' will soon allow Bitcoin transactions on Coinbase to be expedited through the Lighting Network also.

As Dollar Prices Continue to Decline More People Will Transact with Bitcoin

In something of a swansong of protest as investors have started fleeing from his own cryptocurrency, Ripple XRP CEO Brad Garlinghouse, recently stated that all digital currency prices will eventually fall to zero.

In support of this assertion, Garlinghouse has called out high transaction fees and prolonged transaction processing times, as making all cryptocurrencies unusable as currency. The bad news for Garlinghouse, however, is that Litecoin will soon make transacting with Bitcoin more preferable than transacting with the US Dollar. What is more, the reasons for this are simple:

lLitecoin app LitePay already allows users to pay with Litecoin (and with the Lightning Network, soon Bitcoin also) just like people pay for goods and services with fiat cash

lLitePay and the Lightning Network make transacting with Litecoin and Bitcoin just as affordable as transacting with fiat cash

lThe US Dollar is rapidly depreciating in value while Bitcoin and other cryptocurrencies consistently increase in value

lUnlike banks and Ripple XRP, LitePay, Litecoin, and Bitcoin don’t restrict how, where, or when users can spend their own money

How will the Lightning Network Affect the Current Litecoin Value?

In 2017, Ethereum was considered revolutionary due to the fact that the ETH blockchain could allow businesses and individuals to raise investment capital easier than ever before. What Litecoin is about to do, on the other hand, is give rise to the future of cryptocurrency itself as an actual transaction medium.

Given the potential of the Lightning Network, Litecoin will likely easily match Ethereum in terms of growth and coin market price in the coming months. In fact, because of the Lightning Network, many expect Litecoin to eventually hold stable at 25% of whatever the future Bitcoin price maybe. The only question is if Ethereum was priced at $12 in February 2017, what might Litecoin be priced at in February 2019?