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Ripple Price Forecast and Analysis

Ripple Price Forecast and Analysis

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For the first time in a week, cryptocurrencies stuck their heads above water. The Ripple-to-USD exchange rate jumped 7.13% to $0.188622, while simultaneously falling 4.22% against Bitcoin.

China’s ban on cryptocurrency exchanges was once again the biggest piece of Ripple news. This time, however, prices moved to the upside, because investors realized that last week’s reaction was a little excessive (if not downright apocalyptic).

What makes it worse is that Ripple didn’t deserve the beating it took last week.

For one thing, less than five percent of its trading volume came from Chinese exchanges. But more than that, its use of blockchain technology is pretty innocent. It wants to disrupt SWIFT’s hold on sending international money transfers.

That requires intimate dealings with banks, financial firms, and regulators. It means having your governing body structured as a corporation, rather than as a non-profit foundation. It means making friends out of the establishment.

That’s what Ripple does, and why it became incredibly popular.

Bitcoin, on the other hand, is the “dangerous” cryptocurrency; the one that wants to destroy fiat money.

Central bankers have a problem with that, which seems natural enough. But I can’t think of a good reason why they’d ever regulate against Ripple. So there’s a big difference in how laws might be applied to Ripple and Bitcoin.


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Ripple improves the efficiency of the global financial system while providing a way to cordon off permissioned blockchains from public ones. It is the perfect middle ground for those in the old guard that recognize change is inevitable, yet it isn’t priced to reflect that potential.

Analyst Take: 

I believe this is just a matter of ignorance. Investors paint their Ripple price prediction with the same brush used on their Bitcoin price prediction, which is idiotic, considering that one is an enterprise blockchain and the other is a public one.

Sooner or later, markets will come to appreciate these differences. We estimate that the resulting shifts to capital will cause XRP prices to accelerate towards our medium-term forecast of $2.00.

Also Read:

Ripple Price Forecast: Factors Suggest XRP Cryptocurrency Could Hit $1

Ripple Price Prediction 2018: Should You Invest Amid Bitcoin Volatility?

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This Cryptocurrency Could Be the Next Bitcoin

This Cryptocurrency Could Be the Next Bitcoin

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Bitcoin Turned $25 into $34 Million

Bitcoin, bitcoin, bitcoin, bitcoin, bitcoin, bitcoin…bitcoin. It’s all that anyone seems to be talking about, yet the volatility of Bitcoin is terrifying. Double-digit swings are a normal occurrence. And no one can explain what it does, at least not in plain English.

But there’s no denying that Bitcoin is a gold mine.

Investors that bought BTC coins in 2013 would have gained 2,411% by now. And those that “mined” the currency made even bigger returns.

For instance, in 2010, a random Bitcoin developer traded 10,000 bitcoins for two large pizzas. Nothing fancy, either. Just two ordinary Papa John’s pizzas.

He didn’t think much about it at the time because mining Bitcoin was something he did for fun. A little side project. Little did he know that it would go down in history as the first ever Bitcoin transaction—and one of the greatest investment blunders of all time.

A British man took him up on the offer, paying roughly $25.00 for the pair of pizzas. And here’s the kicker: Those 10,000 tokens are worth $33.98 million today.

Please re-read that as many times as is necessary. $25.00 turned into $33.98 million over a seven-year span…

It’s a little hard to fathom, I know, but it’s well-documented.

Despite the day-to-day flutterings of Bitcoin prices, naysayers in the media, and saboteurs in the banking community, Bitcoin minted a whole generation of new millionaires. That’s the bottom line.

Now there are other cryptocurrencies following its trajectory…

One of them is exploding with popularity. And its price chart looks eerily like Bitcoin’s did in the early years, though it gets far less publicity than Bitcoin.

It’s called Ripple.

XRP Poised for Four-Digit Gains

Ripple trades under the symbol “XRP” and each token is worth $0.162543 (at the time of writing). In a way, XRP is like a penny stock in the cryptocurrency world.

Don’t let Ripple’s unit price fool you, though, because it has a market cap of $6.23 billion. Much of that value was created this year, when Ripple prices exploded around May.

In a five-month span, from January to May this year, XRP surged by 6,119%. Those gains were watered down by a Bitcoin fork, ICO bubble, and Chinese regulatory crackdown. But Ripple’s long-term outlook remains golden.

It is designed to avoid Bitcoin’s pitfalls so that even when it follows the growth trajectory of Bitcoin, it can do so with greater stability. However, the market has yet to appreciate the differences between Bitcoin and Ripple.

Ripple is an enterprise-focused blockchain, meaning it uses the same underlying technology as Bitcoin. But it appeals to banks, not individuals.

This makes a huge difference.

While Bitcoin is trying square off against the global banking community, Ripple is courting them onto its blockchain. It doesn’t want to replace the existing financial system—it wants to make customers of them.

In other words, XRP has a much easier road to success than BTC. It simply wants to disrupt the way we send money internationally, rather than burning down all the central banks and commercial banks in its path.

Analyst Take: 

At present, cryptocurrencies have only achieved one percent of market penetration.

Within that sliver, Ripple has approximately six percent of the overall pie. Most of the money is buried in Bitcoin and Ethereum, but we believe that two things will happen going forward:

  1. More money will come into the cryptocurrency market.
  2. Ripple will have a bigger piece of the pie.

Both of these factors would contribute enormous gains to Ripple prices.

We estimate that XRP could reach $2.00 within 12 to 18 months. And beyond that timeline, Ripple prices could soar to untold heights, providing investors with four-digit upside potential.

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Ethereum Price Forecast and Analysis

Ethereum Price Forecast and Analysis

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ETH prices fell roughly 11.36% in the last 24 hours to near $238.72. At the same time, the Ethereum to Bitcoin exchange rate dropped almost 5.44%.

The biggest piece of Ethereum news today is the potential Chinese crackdown on cryptocurrency exchanges. Well, that and the recent comments from Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM).

Both of these developments dragged down the short-run Ethereum price forecast, though they failed to incorporate the wider context.

For instance, Dimon said to a room full of bankers that Bitcoin “is a fraud.” He didn’t restrain those remarks to just Bitcoin, either, adding that anyone invested in cryptocurrencies is “stupid.” (Source: “JAMIE DIMON: Bitcoin is a fraud that’s ‘worse than tulip bulbs’,” Business Insider, September 12, 2017.)

Here’s the wider context: JPMorgan poured millions of dollars into its own blockchain, called “Quorum.” Also, JPMorgan is officially a member of the Ethereum Enterprise Alliance, a group of major corporations working with Ethereum.

In other words, Dimon might have ulterior motives for raking cryptocurrencies through the mud.

As for the China development, that comes with significantly more teeth. A report from the National Internet Finance Association (NIFA) basically disavowed the entire cryptocurrency market, saying they might be illegal under Chinese law.

“Any trading platform for any kind of so-called ‘coin’ has no legal base of foundation in China,” read the report [emphasis added]. (Source: “Bitcoin Exchanges Lack Legal Foundation, China Internet Finance Association Says,” CoinDesk, September 13, 2017.)

A few weeks ago, NIFA had similar criticisms about initial coin offerings (ICOs), and that report was swiftly followed by a nation-wide ban on ICOs. As a result, this report is cementing investor fears that China will close its cryptocurrency exchanges.

It’s already starting to happen.

Smaller exchanges are shutting their doors citing “regulatory concerns.” Some of the bigger ones, like Huobi and OKCoin, are still waiting for an official statement, if and when that comes down from Beijing.

Analyst Take: 

While the largest share of Ethereum trading comes from the U.S., China does play a significant role in the currency’s trading activity. Both OKCoin and Huobi are in the top 10 ETH exchanges.

As a result, an official ban on cryptocurrency trading in China would dramatically reduce the short-run Ethereum price forecast.

Also ReadHold on to Ethereum for the Long Term

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Ripple Price Forecast and Analysis

Ripple Price Forecast and Analysis

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XRP’s expansion into China had been arguably the best Ripple news this summer, but now it seems insignificant amid rumors that Chinese regulators will close domestic cryptocurrency exchanges.

Although rumors of this supposed crackdown have been swirling for days, they were given fresh life by a report in The Wall Street Journal.

Based on anonymous sources, The Wall Street Journal is reporting that Chinese authorities are frustrated with the “disorder” of cryptocurrency markets.

Considering that similar frustrations led to the banning of initial coin offerings last week, a shutdown is being taken more seriously. Investors are especially sensitive now that The Wall Street Journal confirmed the rumors.

Over the last 24 hours, XRP to USD prices fell roughly 9.29% to around $0.198841, while XRP to BTC prices edged up 1.85%.

The disparity suggests that investors are slightly less concerned about enterprise blockchains like Ripple than they are about public blockchains like Bitcoin and Litecoin.

However, this was the first time that Ripple fell below $0.20 since September 5. It is a serious predicament, but readers should take some comfort in the fact that trading volumes fell below $100.0 million.


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This is a rare threshold for Ripple to fall beneath, and it signals that many investors are sitting on sidelines, waiting to see what happens.

Analyst Take: 

Chinese exchanges like OKCoin.cn and Huobi are massive centers for trading cryptocurrencies, meaning that their closures would have an outsized impact on the market. Billions of dollars worth of money would be lost.

That said, our Ripple price prediction does not depend wholly on Chinese trading.

Three of the largest trading sources for XRP come from Korea, dealing in XRP to KRW transactions, and followed by XRP to BTC exchanges at the No. 4 and No. 5 spots.

Chinese exchanges account for less than five percent of trading volume, meaning that the impact on demand should be negligible.

However, if Chinese authorities turn against cryptocurrencies, they could make it difficult for Chinese financial firms to join Ripple’s interbank settlement platform.

Also ReadRipple Price Forecast: Factors Suggest XRP Cryptocurrency Could Hit $1

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Litecoin Price Forecast and Analysis

Litecoin Price Forecast and Analysis

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In the last 24 hours, Litecoin prices jumped nearly 5.76% against the U.S. dollar and roughly 2.57% against Bitcoin. The LTC to USD exchange rate is currently sitting at $68.32 at the time of this writing.

Any Litecoin news there was took a backseat to bigger industry trends on Monday.

Investors were preoccupied with rumors that the Chinese government is looking to shut down Bitcoin exchanges. However, it’s likely these fears are extended from China’s actual crackdown of initial coin offerings (ICOs).

The ICO market is facing deep skepticism at home and abroad. At the very least, regulators want accountability, and at the worst, they want to shut down ICOs altogether.

But with those fears dying down, investors found the courage to resume trading. Approximately $412.1 million worth of Litecoin changed hands on Monday.

While it is a respectable amount when measured against Litecoin’s average trading volume, it is less than a third of peak volumes from earlier in the month.

The most active exchanges were once again OKCoin.cn and Huobi, both Chinese exchanges that specialize in LTC to CNY transactions. Collectively, the two exchanges accounted for 49.25% of Litecoin’s trading activity.

Meanwhile, the overall crypto market climbed above $151.0 million for the first time since Friday.

Investors fought the urge to cluster around the frontrunner, keeping BTC dominance at a relatively low 47.2%. In many ways, this helped LTC prices outdistance Bitcoin.

Analyst Take: 

Frequent readers will know that our Litecoin price forecast has LTC prices reaching $200.00 in the next 12 to 18 months. There are two ways this can occur:

  1. Litecoin carves out a niche in the crypto market. Funds rotate into it from other coins.
  2. Or, an expanding investor base for cryptocurrencies leads broad-based growth. Bitcoin leads Litecoin and other altcoins to previously unseen levels.

These two eventualities are not mutually exclusive, mind you, but they do assume continued confidence in the crypto market. Moreover, they depend on regulatory outcomes, something which is essentially unknowable to most traders.

The good news is that most jurisdictions are working to regulate cryptocurrencies, not eliminate them. This is about the best that can be hoped for, considering that cryptocurrencies are trying to disrupt the status quo.

Also ReadLitecoin Price Prediction 2018: Is Litecoin Potential Higher Than Current Counterparts?

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Ripple Price Forecast and Analysis

Ripple Price Forecast and Analysis

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In the last 24 hours, XRP prices jumped roughly 6.57% against the U.S. dollar and near 4.77% against Bitcoin to reach a level of around $0.217847. It was a happy reprieve from the weekend bloodshed in cryptocurrency markets.

None of the previous Ripple news—much of it bullish—could quell the market reaction to China’s banning of initial coin offerings (ICOs). Upon hearing that the world’s largest market would audit or close certain exchanges, investors responded with panic and doubt.

Despite this, Ripple prices are up approximately 6.02% from seven days ago, 21.4% from a month ago, and 3,240% from the start of the year.

Trading volume was unusually low on Saturday, with only $51.19 million worth of XRP coins changing hands. However, this was an aberrant fall. Trading volume returned to a more normal $117.09 million on Sunday.

The most active exchanges were once again Bithumb and Coinone, both which are housed in Korea and deal in XRP to KRW transactions. Together, they accounted for roughly 50% of all trading activity.

When you widen the scope to include Korbit, the fourth most active exchange, then XRP to KRW transactions accounted for 63% of total transaction volume.

Bitcoin dominance remained below half of all activity at 47.5%. Meanwhile, overall crypto market cap suffered a setback to $146.7 billion.

Analyst Take: 

Ripple faces a complex set of headwinds that are common to the cryptocurrency market. For example, it faces political risk and currency risk. But it is confusing to watch investors treat XRP as if it runs parallel to public blockchains like Bitcoin and Litecoin.

It does not.

Ripple is an enterprise blockchain that works with existing financial firms. It doesn’t want to wipe central banks off the face of the Earth, nor does it want to disrupt the entire banking system.

Ripple only wants to disrupt SWIFT, the global payments processor that has a virtual monopoly on sending money internationally.

Its goal remains much more achievable than Bitcoin or Litecoin’s, yet it trades at a significant discount compared to its peers. As such, we believe that another rally is in order. We maintain our Ripple price prediction of $2.00.

Also Read:

Ripple Price Forecast: Factors Suggest XRP Cryptocurrency Could Hit $1

Ripple Price Prediction 2018: Should You Invest Amid Bitcoin Volatility?

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$1,000 Is Our Ethereum Price Target

$1,000 Is Our Ethereum Price Target

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Where Ethereum Goes from Here

Aside from Bitcoin, no cryptocurrency is more popular and promising than Ether (the native token of the Ethereum platform). ETH prices exploded by 3,995% since the start of 2017, beating every Ethereum price forecast in the world. Yet now that it’s time to make Ethereum price predictions for 2018, analysts outside crypto-land remain gun shy…

…and it’s no secret why. They are worried about a bubble in the crypto market cap.

Out of this concern comes a hesitancy that prevents them from saying the obvious: that Ethereum prices will continue to rise.

Analysts had the same concern about Bitcoin last year, and look at where BTC prices are today—up by more than 377% this year alone.

Likewise, the Ethereum-to-USD exchange rate will probably keep setting record highs in 2018, regardless of what mainstream analysts say.

If you’re confused as to how those Ivy League-educated analysts could be so wrong, so many times, it’s because they are incentivized towards “cautious predictions.”

Here’s the logic: At worst, they are wrong and you make a lot of money. Whereas if you lose money, at least you learn that they were right. A cautious prediction keeps them safe.

But a bold prediction—say, predicting that Bitcoin would reach $4,000 when it was trading in the hundreds—paints a target on the analysts’ back. What if they are wrong? Not only will people lose money, but they’ll have someone to point the finger at.

That fear doesn’t apply to us. We did predict that Bitcoin would reach $4,000. And we did it when BTC was trading below $800.00, meaning that our readers had a chance to make tremendous returns.

Now we’re pinning a $1,000 price tag on the Ethereum price forecast for 2018.

5 Tailwinds for ETH Prices

It’s not like our Ethereum price prediction was conjured from thin air. There is a healthy mix of micro and macro factors propelling ETH prices to $1,000.

Some of these factors include:

  1. The rise of initial coin offerings (ICOs) on Ethereum.
  2. Development of further use-cases.
  3. Development of interoperability.
  4. Increasing transaction volumes.
  5. Regulatory acceptance of blockchains.

It would be easy to ignore one of these reasons, but only someone glued to a bearish position on cryptocurrencies would dismiss them all. The tailwinds are too obvious.

Things get even more definitive when you dig into the performance of various asset classes. Not counting Bitcoin, digital assets outperformed gold, U.S. equities, global equities, and global real estate. Investors could have made up to 40 times their initial investment.

Source: Yahoo! Finance, CoinCap, CoinDance

That being said, there are some pockets of the crypto world which require deflating. Some of the initial coin offerings, for instance, are taking place with zero oversight or accountability.

It’s only a matter of time till regulators decide to clamp down on these assets. In fact, it’s already starting to happen.

The Chinese government recently banned ICOs, forcing local exchanges to delist related tokens; Canadian authorities dragged ICOs under the jurisdiction of securities law; and the SEC warned that new rules for ICOs are imminent.

This means the ICO market cannot charge full steam ahead or it’ll get tangled in a mass of red tape. And since ICOs were driving ETH prices higher, this could weaken the currency’s outlook.

We are not oblivious to these flaws. Our Ethereum price forecast acknowledges some downside risk, but it’s important to remember that these flaws, while serious enough to warrant attention, are not fatal.

Ethereum vs. Bitcoin

We are often asked about the relationship between Ethereum and Bitcoin. Most of them boil down to the same thing: “Is it zero-sum?”

Investors want to know if Bitcoin’s success means failure for Ethereum, or vice versa. The short answer is “No.” There’s enough room for both ETH and BTC to thrive.

This is partly because cryptocurrencies come in different shapes and sizes. On one hand, you have Bitcoin, which is a store of value that hopes to become a daily-use currency. On the other, you have Ethereum, a blockchain platform built to run applications.

It just happens to have a token as well.

Saying that one will devour the other is like saying the U.S. dollar and British pound cannot co-exist. Of course they can (and do). The only difference is that Bitcoin and Ethereum are not separated by national boundaries, but by purpose.

This much is obvious based on the last year. Here’s the Ethereum price history chart during that period.

Now take a look at the Bitcoin price chart for the same period.

Notice the similarities? Sure, ETH prices were far more impressive on a percentage scale, but it was starting from a lower base. The material point is that both currencies thrived in the same environment. They weren’t alone, either.

The entire crypto market cap blossomed in 2017, shooting up from $17.68 billion to over $164.85 billion. That’s an eightfold increase in as many months.

Headwinds for Ethereum Price Prediction 2018

However, Ethereum isn’t perfect. Like Bitcoin and other cryptocurrencies, it faces scaling issues that won’t be resolved overnight. These issues are thrown into sharp relief almost every time there is an initial coin offering.

The blockchain clogs up, transaction fees start to climb, and it becomes clear how much further we have to go. Having more people interested in Ethereum mining would be a start.

This is truly saying something, considering that Ethereum is “already using a small country’s worth of electricity” for its mining processes. However, with more transactions crossing Ethereum’s blockchain than Bitcoin’s, something needs to be done. (Source: “Ethereum Is Already Using a Small Country’s Worth of Electricity,” Motherboard, June 26, 2017.)

Add this to the fact that transaction fees shot up 918% from the first to second quarter, and it’s clear that we should be a little worried. But try not to worry too much, because this is the bleeding edge of technology. And it always looks like chaos at the bleeding edge.

Analyst Take: 

Our Ethereum price prediction for 2018 starts at $1,000. Considering that ETH is currently at around $329.00, this forecast presents an upside of approximately 204%.

Please bear in mind that Bitcoin scored bigger returns than that this year alone because some people are bound to call us crazy for this prediction. We are not.

Our Ethereum price forecast for 2018 is simply the result of analyzing the crypto market and its investment patterns. It has defied expectations time and again.

Only a fool would doubt its potential given the persistently upward trajectory of Bitcoin. It has cleared a highly visible path for ETH prices, yet the cautious nature of analysts holds them back from disclosing that very fact.

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Litecoin Price Forecast and Analysis

Litecoin Price Forecast and Analysis

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After a Chinese ban on initial coin offerings (ICOs) came into effect earlier this week, cryptocurrency value plunged across the board. Bitcoin, Ether, Ripple, and Litecoin all took double-digit dives on Monday.

But the industry is already in recovery, with LTC prices crossing back above $80.00 at the time of writing. The resurgence suggests that investors are hewing to the long-run Litecoin price forecast as opposed to a short-term outlook.

Litecoin is up about 6.93% in the last 24 hours, roughly 21.31% in the past week, and nearly 74.55% from the previous month.

Newcomers to the cryptocurrency world might be wondering whether it was a specific piece of Litecoin news that sparked this rally. The truth is, there wasn’t.

To be sure, Litecoin’s implementation of SegWit on May 10 was certainly a catalyst, as was its expeditious implementation of the “Lightning Network.” But the overall optimism seems to derive from Litecoin’s position as the “silver to Bitcoin’s gold.”

Litecoin founder Charlie Lee put it a little more diplomatically when he said, “Litecoin will provide a niche where it will be more used for payment, whereas bitcoin will be more used for storing.”

As for whether or not the rally will continue, that depends on Litecoin’s ability to maintain its technological edge. It will need faster transaction speeds, a broader network, and more miners if it is to succeed.

Analyst Take: 

We are slightly concerned that the development of a Bitcoin micropayments network (like Kim Dotcom’s Bitcache) might disrupt Litecoin’s momentum. It is imperative that Litecoin become the practical alternative to Bitcoin, or else its value will crumble from within.

However, those fears are not yet significant enough to impact our Litecoin price forecast, which still shows the cryptocurrency ascending to $200.00 by 2018.

Also ReadLitecoin Price Prediction 2018: Is Litecoin Potential Higher Than Current Counterparts?

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Ripple Price Forecast and Analysis

Ripple Price Forecast and Analysis

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While the long-term Ripple price prediction is governed by endogenous factors, XRP can get tossed around by industry trends in the short term.

For instance, much of the Ripple news that surfaced last month will likely take a back seat to reports of a cryptocurrency crackdown in China.

Chinese authorities recently banned initial coin offerings (ICOs), forcing the country’s leading cryptocurrency exchanges to delist many of the tokens sold through the ICO funding model.

This curbing of ICOs is expected to dampen demand for existing cryptocurrencies, particularly those that served as a platform for ICOs.

But more than that, the ban on ICOs could drain momentum across the entire industry, sapping cryptocurrencies of the energy needed to achieve “escape velocity.”

After all, the explosion of ICO funding in 2017 is almost single-handedly responsible for lifting the overall crypto market cap to its current level of around $161.9 billion.

Just one year ago, the collective worth of cryptocurrencies only amounted to $12.1 billion, meaning that ICOs sparked a 1,238% rally across the board.

It’s hard to imagine a repeat performance this year. The loss of the world’s largest market is bound to have some effect on ICO funding volumes, which in turn will have an effect on cryptocurrency prices.

Analyst Take: 

This headwind might cause some problems for Ripple prices in the short term, but it could actually end up serving the interests of long-term bulls.

Why? Because XRP is in the top five most valuable cryptocurrencies, meaning that it commands a certain level of trust. And in times of uncertainty, investors gravitate towards trust.

For example, investors retreat to Treasury bills during a stock market crash because it is perceived as a safe haven. This general rule applies to other markets as well.

When investors are feeling cautious, money tends to seek out authority.

As such, we maintain our long-run Ripple price prediction of $2.00 by the end of 2018.

Also ReadCryptocurrency Price Predictions 2018: Ripple Is the Clear Winner

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Litecoin Price Forecast and Analysis

Litecoin Price Forecast and Analysis

By Gaurav S. Iyer, IFC Published : September 6, 2017

LTC prices appreciated by roughly 9.5% yesterday, following what can only be characterized as a stampede out of crypto markets on the Labor Day weekend.

It was broad-based industry trends, rather than a single item of Litecoin news, that drove the price movement. Overall, the crypto market cap rebounded to $159.3 billion, while Litecoin prices rose to $75.14 (at the time of writing).

As with previous rallies in LTC prices, trading on Korean exchanges like Bithumb was primarily responsible for the upward pressure.

Although trading volume from Korean exchanges has not become as dominant as it has with other currencies (Ripple is more than two-thirds dominated by investors looking to get rid of their Korean won), it is well on its way.

Two weeks ago, the most active exchange in Litecoin trading would have been found in China or the United States. Now it is Bithumb on an almost daily basis. Bithumb accounted for 28.72% of volume, or $238.17 million, in recent trading activity.

Litecoin is likely to keep getting swept up in industry trends this week because there were significant reports coming from the Russian Central Bank and Canada’s financial watchdog, two entities which had previously shown cautious enthusiasm for blockchain.

Russia’s monetary authority appears unnerved by the rapid pace of blockchain expansion, saying that widespread acceptance of cryptocurrencies is “premature.”

On the other hand, one of Canada’s regulatory bodies was more concerned about privacy, namely that blockchain provides too much of it. The argument is that a “veil of anonymity” could create potential complications for policing efforts.

Analyst Take: 

It is a little surprising that Canadian officials only just grasped the crucial element of cryptocurrencies. Tradeoffs between privacy and security have always been at the heart of the discussion.

Their remarks, along with those made by the Russians, will likely throw a wrench in the works for a day or two. Beyond that, I expect the rise in Korean trading to emerge as the most powerful force affecting the Litecoin price forecast.

If we are correct, it will likely push Litecoin prices to nearly $200.00 by the start of 2018.

Also Read: Litecoin Price Prediction 2018: Is Litecoin Potential Higher Than Current Counterparts?

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