Our InvestingHaven Litecoin Price Forecast of a 1000 USD in 2018 is written as we start the year with a sharp retrace in Cryptocurrency prices. We saw Bitcoin price retrace by more than 50% from its most recent highs. Litecoin price, after reaching a high of 400 USD is trading at 176 USD at press time.

Where do we see Litecoin price heading in 2018 and why are the questions we will cover in our Litecoin Price Forecast of a 1000 USD in 2018.

Before looking into this particular forecast we have to admit that the timing of this article is very carefully chosen. The majority of people are extremely concerned right now, because cryptocurrency prices are falling. At InvestingHaven, we argue that smart investors get happy once an asset has retraced during a strong bull market. When it comes to cryptocurrencies the retracement has largely run its course. Can prices go lower? Always, but major support levels of the ongoing secular bull market are respected so there is no reason at all to get concerned.

Stated differently, this is a buying opportunity. That is our take on things.

A Litecoin Price Forecast of a 1000 USD in 2018: The fundamental factors behind the forecast

As more and more altcoins are out there, it becomes crucial for investors to identify the set of criteria for a Cryptocurrency to survive. For our InvestingHaven research Team, that was one of the key focuses for our research service to ensure our picks for Blockchain stocks and Cryptocurrency can survive the inevitable “Natural selection” that will happen.

The criteria we are using are far more complex but to keep our article focused, we will provide 3 factors we believe are relevant especially in the adoption phase we are in:

We believe Litecoin is a top choice in all 3 categories:

As said in our initial Litecoin price forecast, Litecoin’s code is superior. It’s fast, Scalable and can scale further to meet future demand. The fact that it is using the Lightening Network gives it a serious edge compared to other cryptocurrencies.