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The price of Litecoin slumped 28.64% in the month of January 2018, but the pullback might not last long. One crypto analyst's Litecoin price prediction shows the coin jumping to $280 by March 1.
Joseph Raczynski, the technology manager at Thomson Reuters, projected Litecoin (LTC) prices would climb 69.38%, from $165.30 on Jan. 31 to $280 by the start of March.
"Litecoin transaction speed is its key in the short term," Raczynski told Finder.com.
"As some of the other platforms attempt to ramp up, Litecoin may have the edge with this angle. I still see this as the silver compared to Bitcoin's gold, and there is no shame in that."
Since his prediction, Litecoin prices have already climbed 33.61% to $220.87.
Prices would have to climb another 26.77% to reach his $280 Litecoin price prediction.
And while we've found the catalyst that could make it happen, we've also found a more lucrative way to profit from cryptocurrencies…
LitePay Could Send Prices to $280
One of the criticisms of cryptocurrencies now is they aren't easy to spend or accept.
But that's all going to change with LitePay…
LitePay is a way to spend Litecoin almost anywhere you can use a credit or debit card, and it works with the Visa Inc. (NYSE: V) network.
The No. 1 Crypto Tom's Buying Right Now: Tom Gentile is predicting a massive price surge for a little-known cryptocurrency trading under $0.30. Click here to see his pick and exactly how to trade it.
On Feb. 16, Money Morning Cryptocurrency Expert David Zeiler released a detailed report on why LitePay going live on Feb. 26 will be a game changer for Litecoin.
Of course, anyone would be happy with a 26.77% gain in the next week.
But there are more cryptocurrencies with explosive growth potential…
Money Morning's options trading specialist, Tom Gentile, sees the "Buy" signal on a cryptocurrency trade he thinks could turn a small stake into more than $40,000 based on his analysis.
In a special video presentation, Tom walks you through the process for placing this crypto trade. You'll get the name of the coin, watch Tom make the trade, and get all the key details – at no cost, and in under three minutes.
He's expecting this little-known coin's price to surge very soon – and everyone holding it beforehand could see massive profits. Everyone else… they may have to miss out.