Litecoin has been one of the best performing cryptocurrencies in the last 12 months. If you bought Litecoin at the beginning of 2017 when its price was at $4.5, you would have made a gain of almost 8000% by the end of the year! That is almost 80X your investment.
So, if you had invested $500 in January 2017, you would have made a profit of almost $45,000 when the price of Litecoin reached the highest point in December 2017.
You can see the historical price trend of Litecoin in the chart below. There is no doubt that Litecoin has shown huge amounts of growth last year, making it one of the top ten cryptocurrencies by percentage growth.
Litecoin price chart
Another important thing that you should know before we get into our Litecoin projection is that Litecoin has a high trading volume. This means that more and more people are selling and buying Litecoin in the cryptocurrency market. Litecoin is fourth in terms of trading volume, just after Ethereum.