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What is Litecoin (LTC)?
The founder of Litecoin, Charlie Lee, was an ex-employee of Google. He had the vision of creating a cryptocurrency cheaper and lighter than Bitcoin. He turned his vision into reality on 7th October 2011 with the release of Litecoin with the creation of an open-source Cryptocurrency client on GitHub.
Litecoin shares similar characteristics and features as those of Bitcoin. It is a fork of Bitcoin but has faster transaction time. While Bitcoin is referred to as the “gold,” Litecoin gets referred to as the “silver” of the crypto world. The coin has been in existence since 2011, which makes this platform almost nine years old and one of the oldest cryptocurrencies of the world.
Litecoin Price Predictions
The tricky nature of the volatile Cryptocurrency market makes predictions regarding Litecoin a difficult task. Still, words of advice from the experts can assist us in getting ideas regarding the Litecoin price prediction. Let’s discuss them by taking an overview and get a realistic view of the situation.
Litecoin price prediction 2020
The onset of the year 2020 is being anticipated as a good time for cryptocurrencies, and therefore LTC is also expected to perform better this year. The upward surge might start from $40 and reach the $100 mark at the end of the first quarter. The value might rise to as high as $150 during June, and then the later part of the year, probably December, might end up bringing the value down to $80. Let’s see a few instances of what industry experts and professionals have to say regarding the future price predictions of Litecoin.
TradingBeasts predicts that LTC has the potential of reaching the $80 by 2020, which makes it an excellent investment opportunity.
- Wallet Investor
WalletInvestor carries the image of projecting conservative predictions regarding the future of cryptocurrencies. Its recent forecast states that LTC might reach $70 by the end of 2020.
- Long Forecast
According to Long Forecast prediction, a value as high as $103 is reachable for Litecoin by 2020.
Coin Price predicts the value of Litecoin as very high. Coin Price’s approach is by far the most optimistic when it comes to Litecoin’s future value, and it states a value of $158 by 2020.
According to DigitalCoinPrice, a crypto prediction website, a value of $106 is reachable for Litecoin by 2020.
CoinFan is a website that offers predictions regarding cryptocurrency prices. According to CoinFan, Litecoin is likely to see an extremely bullish trend and can reach a value of $196 by the end of 2020.
According to the technical analysis carries out by Cryptoground, Litecoin has the potential to see a great future, and its value might reach $88 mark by the end of the 2020 year.
Litecoin price prediction 2025
Litecoin is expected to be halved in 2023, which would result from significant trade and investment in Litecoin and due to the surge that the block halving will bring. The Cryptocurrency might surpass its competitors in the next five years, and its worth is likely to reach $400.
- Litecoin Price Prediction by Cryptoground
CryptoGround predicts the value to reach the level of $347 by the year 2025.
Important Developments in Recent Times
The adoption rate is already very high. Furthermore, the recent advertisement of Litecoin on the mat of UFC, a famous fighting platform, helped Litecoin in grabbing much attention. The event helped in improving brand Litecoin awareness, reputation, and awareness. A new shopping mall in Singapore has also installed an ATM that accepts Litecoin and Bitcoin.
Litecoin price prediction 2030
The 4th halving process of Litecoin is expected to have taken place by the year 2030, and this would result in a significant surge in its overall worth. The price might soar to values as high as $1500 by the year 2030.
Litecoin is showing excellent performance as compared to its competitors. The credit for this exceptional performance mainly goes to the founder, Charlie Lee, himself, due to his decisions to introduce Confidential Transactions (CT) similar to the likes of ZCash and Monero.
Litecoin is going to have a bright and promising future. By achieving multiple milestones, it can become a dominant player in the future. Litecoin has a high probability of success in the upcoming years, especially in the year 2020, during the post halving process. Furthermore, the overall Cryptocurrency market is likely to expand in the future, and resultantly an increase in Litecoin’s worth can be predicted. Hence, investors can make a good amount of money from this Cryptocurrency by investing in it wisely. Also, do consider reading EOS Price Predictions, in case you want to diversify your portfolio for long-term investments.
Disclaimer: This article by no means offers any trading recommendations. Therefore, we advise investors of the frequent and drastic price fluctuations in the cryptocurrency market.