What makes LTC stand out against BTC is its much faster confirmation times and having significantly fewer transaction fees. This puts LTC in a better position to achieve mass adoption. However, since that moment the price has halved. Here are the 2020, 2023 ad 2025 price prediction and bitcoin trends from the Cryptopolitan team. It has been increasingly expensive to move BTC around, making it less likely to be used as a medium of exchange again like gold. Litecoin [BTC] is one of the few cryptocurrencies with a healthy oscillatory characteristic. We see the price of LTC moving past its previous all-time high of  360 USD to around 638 USD, which equates to about 1,500% increase to its current value at the time of this writing. With this new all-time high, we expect some correction, with the price consolidating at around 532 USD in 2025. Litecoin Daily Price Prediction, Litecoin Forecast for2025. A hack on a cryptocurrency exchange is seen as a precursor to falling virtual currency prices. Since the beginning of 2019, Litecoin has more than quadrupled its value and this surge appears to be far from over especially with the halving event just around the corner. After the halving, the price of bitcoin saw a 93 percent increased by the end of that year. I’m still wondering why Litecoin price increase. For the next half a year Litecoin will fluctuate from USD 20 to 40. The only real sell pressure now is people taking profits.”. Apart from the RoI, thorough research before making any investment or giving any recommendation to buy a second thought is vital. At a time when the coronavirus pandemic continues to ravage both the crypto and traditional financial spaces, commentators see a brighter near and distant future for bitcoin. Global pandemics such as coronavirus are another primary consideration when making bitcoin price predictions. Address: gold Souk Mall, Sector- 43, Sushant Lok, Phase- I, Gurugram, Haryana 122002. According to such AI services like Wallet Investor or Trading Beasts, this information is true. New stores and services that will accept Litecoin may also positively affect the price of the cryptocurrency. >= 0 ? First of all, Litecoin is a peer-to-peer network with the same-name cryptocurrency. So in December 2017, Litecoin reached $100 per coin and at the mid of December even $350. Since then, it has tested prices above $10,000 and is currently retailing at slightly above $7,000. the happenings in the cryptocurrency space and project how these events are likely to positively or negatively affect the price of bitcoin. Second, Blue – this has a higher probability of occurrence aligning with the current uncertainties in the markets. John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. How can you buy a gift card at Freewallet? Now any token can participate with Fiscus.fyi's decentralized gambling Infrastructure!

Forked from the bitcoin blockchain in the year 2011, Litecoin was born to enable instant payments, something that Bitcoin was unable to … Five years from now, we hope that Litecoin will have come out Bitcoin’s shadow. For instance, Litecoin price prediction for 2021 is about $50 on average. Recently, the chief economist of Chainalysis, a leading blockchain and cryptocurrency research firm, Philip Gradwell, noted that exchanges are recording an increase of up to 250 percent in daily inflows, indicating heightened volatility. The bullish trend for LTC that started in late 2020 and throughout 2021 will continue going forward into 2022. You can also mine Litecoin if you are not ready to invest your money right in the coin. The co-cofounder of Civic, Vinny Lingham, has a bitcoin price prediction of $100K and a maximum of $1 million by the time we set foot in 2030.

The following is an overview of some analysts’ assessments and forecast calculations: Moreover, the persisting pandemic has brought down world economies with many looking for safe havens to protect the value of their assets. The former is secured by a set of private keys only known by the owner himself/herself. The year 2025 is one year after the third LTC halving event and BTC’s fourth. We are not financial advisors. If we take a look at the price charts of both digital currencies we will find out that they are almost identical.

The bearish pressure that took over from here caused a massive reversal in price with 100 Simple Moving Average (SMA) at $123.16 failed to offer support. So, the Litecoin network has a much higher capacity than its predecessor Bitcoin. Furthermore, the founders are looking forward to the implementation of privacy in its protocol. Ltd. Lee told the Wharton School of the University of Pennsylvania. Since the start of the Autumn, there was only one significant LTC price drop and for the most part, the coin’s price evaded the overall market’s volatility. Top Cryptocurrency News Headlines Of The Week; Do Bitcoin ETFs Have A Chance? Terms | Privacy, This website uses cookies. Litecoin future could very well be tied to the development of a couple of areas; the Lightning Network (LN) and the Atomic Swaps. On 14th of February 2020, the coin price reached $81.72. The bear trend last year was a negative impact on the adoption. As “the new global payment standard for consumers and business worldwide,” LTC is expected to gain traction across the board. Please visit our Privacy Policy & Terms Of Service page to learn more. Most experts and analyst believe that Litecoin will correct higher towards the end of 2019. He describes himself as the benevolent dictator Litecoin as he dictates the development direction of Litecoin. After a period of consolidation, we expect to see the return of price volatility of Litecoin. Many pundits believe that the whole cryptocurrency market is primed to make another epic bull run. There will be several price drops each year, but the trend is positive: Litecoin price forecast for 2020, 2021, 2022, 2023 by LongForecastLongForecast believes that Litecoin will be about $40 and the whole 2020 it will be fluctuating from $25 to $50. If Bitcoin has evolved to become the industry’s premier store value, Litecoin differentiates itself from its older brother by positioning itself as a more viable medium of exchange. Litecoin is predicted to trade close to $250 by December 31, 2019; Litecoin is predicted to range between $1,000 and $1,200 in five years.

Launched over ten years ago in 2009, Bitcoin is a virtual currency powered by blockchain technology. This trend will likely continue towards the first half of 2021, in which we expect the price of LTC to reach 81 USD or 90% of its current price. on Twitter, there is minimal resistance stopping BTC from rallying above the current levels. The current market price of LTC is around 42.46 USD. Your email address will not be published. In contrast, others are pegged on the market news and community engagements. However, LTC suffered from the bearish trend, which damaged its price. Litecoin’s price in 2020 has been divided into one bullish and another bearish quarter. For instance, some forecasts solely rely on technical analysis.

For example, in 2019, scammers stole $722,000 million from unsuspecting investors who were fooled into investing in non-existent BTC mining equipment. A breakdown can take Litecoin back to $20. The 100 MA is in line to offer support slightly above $60. We are not responsible for any profit / loss.