Litecoin is a peer-to-peer open-source cryptocurrency. Since its integration into the virtual payments universe in 2011, litecoin, like most of its digital currency cousins has experienced its ups and downs.
Now that 2014 is coming to a close, many are wondering what the new year will hold for the currency platform, and whether or not it will be able to continue to hold its ground.
On various litecoin forums, the verdict appears to be mixed. For example, a poll conducted on litecointalk.org in August of 2014 asks, “On January 1st, the price of Litecoin will be…” and it allows voters and readers to fill in the gaps. The poll gave a wide price range; below five dollars, between five and ten dollars, between 10 and 15, and finally ending with above 20 dollars.
Out of 73 voters, 45 (almost 61 percent of those taking part in the poll) voted for “above $20,” thus showing that confidence in litecoin hasn’t died out. Those who love it expect it to thrive.
Other users of the forum are more specific in their ideas regarding litecoin’s potential price increase. One, for example, stated that the price of litecoin would be around $100, while another went so far as to say it would eventually reach over $500. Is any of this possible?
What do you all think? Will litecoin explode in 2015 or will it experience a massive sink? Post your comments and ideas below.