So far, Litecoin has been an amazing performer in Compared to other cryptocurrencies, the growth rate has been at par with even the best performers. This is why it is now the 7 th largest cryptocurrency by market cap.
Will Litecoin maintain its growth rate in as it has this year? I think so… although the gains may not be as meteoric as we have seen so far. Take for example the June — July litecoin future growth when bitcoin transactions had become very slow and expensive.
It shows the relationship between bitcoin and Litecoin, where the two litecoin future growth usually move together unless there is a change with one of them. However, should another coin threaten its position, then Litecoin in may not be able to survive. Yet that is what seems to be litecoin future growth with the addition of bitcoin cash BCH. Bitcoin cash, too, forked from bitcoin just 3 months ago and is also focused on the same niche as Litecoin. Bitcoin cash was developed to help increase transaction speed and keep costs down.
In fact, transaction costs with bitcoin litecoin future growth are much lower than those of Litecoin future growth. In this sense, Litecoin may be threatened by Litecoin. After increasing the block size limit to 8MB, the BCH developers promised to keep scaling upwards whenever there is need to increase transaction speed.
On the other hand, Litecoin does not have this capability, and it may end up sometime in the future facing the same scaling issues as bitcoin still does today.
Bitcoin cash does indeed threaten Litecoin inbut it does not completely eliminate its applications. Today, Litecoin has much more support than bitcoin cash, including wallets and exchanges.
These advantages should be enough to keep Litecoin in its current uptrend at least until mid Beyond that, as BCH continues to receive more support, Litecoin might stall or even trend downwards. Stay up to date with the financial markets everywhere you go. How does bitcoin cash threaten Litecoin in ? What does this mean for the future of Litecoin? Comments 0 comment s Click here to cancel reply. Get the most litecoin future growth news at your inbox Stay up to date with the financial markets everywhere you go.
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