Litecoin Cash (LCC) is generated from Litecoin blockchain after a fork. It started trading at around $ 1.4. It increased all the way to $ 5. Since then, it has peaked out and is currently trading around $ 2.6. The initial trading volume was around $ 36,000. Ever since then, the trading volume has increased to more than $ 1 million.
The question which we are trying to answer today is whether Litecoin can provide you with good appreciation in the calendar year 2018 or not.
Litecoin Cash (LCC) Price Prediction 2018, 2019, 2020:
Currently, Litecoin Cash (LCC) is trading around $ 2.6. In the calendar year 2018, it is slated to rise to around $ 10 which is a 4 fold return from the present levels as well. According to some estimates, by the year 2019, it is expected to rise to $ 18 which can offer a significant amount of return in just 22 months. The longer-term projections of Litecoin Cash are pretty bullish with experts pegging the cryptocurrency at around $ 30 in 2020.
Things to watch out for:
Since it is a new cryptocurrency created by the fork, there are a few points which you need to look out for.
- High volatility:
As the cryptocurrency is new, the volatility can be on the higher side. Thus, if you’re willing to wait out the bear’s phase as well, that is only when you should think about investing in Litecoin Cash. If you’re looking for a stable cryptocurrency, Litecoin Cash might not be the perfect option for you.
- Impulsive volumes:
The volume in the 1st 24 hours has been all over the place. The initial volumes were on the lower side and since then, they have increased tremendously. Thus, these impulsive volumes can easily result in wild price movements. Owing to this very reason, it may not be a good option for trading. Only when you’re willing to buy it and hold it for a longer period of time, should you think about investing in Litecoin Cash.
Should I invest in Litecoin Cash (LCC)?
This is a question which many of the cryptocurrency investors are asking. The truth is that Litecoin Cash is currently in the speculative domain. Wild swings can provide a significant return. In the longer term, it might be a cryptocurrency which is worth investing in.
Thus, if you’re looking to take advantage of this fork, it is a good idea to invest a small portion of your portfolio like 2% to 3% in Litecoin Cash.
The information regarding the price predictions which are mentioned above is correlated from various sources. Investors should not consider it as investment advice. Investors need to research about the different cryptocurrencies by themselves before investing.