Litecoin Price Prediction: Top LTC Value Forecasts
As all of our readers are most likely properly conscious of, 2018 noticed the crypto market face an insane quantity of bearish strain, which resulted within the value of most premier digital property dropping by over 80%. In this regard, it bears mentioning that final yr BTC scaled right down to a relative low of $3,000 after having reached its ATH of round $20,000 simply a few months prior.
With all of this data on the market, on this article, we are going to focus totally on Litecoin, a top-10 crypto that at the moment has a complete market capitalization of over $3.5 Bln. The mission was devised by Charlie Lee, an ex-Google worker, to permit crypto fanatics to facilitate their each day funds utilizing a decentralized digital forex. Additionally, Litecoin’s core framework has been constructed atop the identical blockchain that BTC at the moment makes use of. However, it’s price mentioning that relating to tx capabilities, the processing speeds supplied by LTC are considerably larger than these supplied by Bitcoin. To put issues into perspective, we will see that a normal BTC transaction takes anyplace between 5-12 minutes to course of. In the identical breath, we will see that Bitcoin funds on a mean take simply 150 seconds to finalize.
Litecoin’s Core Features Worth Highlighting
Speed: As talked about beforehand, one of the essential facets of Litecoin (that units it aside from different premier altcoins) is its tx speeds and capabilities.
Total Supply: When in contrast with Bitcoin, LTCs whole token provide is considerably larger. To elaborate on this level, we will see that whereas there can solely ever exist a complete of 21 million BTC, Litecoin’s whole provide can go as much as a whopping 85 million tokens.
Low Processing Charges: While established cryptocurrencies resembling BCH, BTC, ETH have comparatively excessive processing charges (on every particular person tx) related to them, LTC’s processing prices are considerably decrease.
In addition to the options which were highlighted above, additionally it is price stating that all through 2018, Litecoin was among the best performing crypto property out there. For instance, if an investor had bought LTC in the beginning of 2017, he/she would have incurred income of over 8000% by the tip of the yr.
Top Litecoin Price Predictions:
We will now take a look at the predictions of varied crypto analysts, consultants and different finance groups which were energetic inside this house for fairly a while. However, these opinions are solely their very own and potential buyers ought to perform their due diligence earlier than investing closely in any crypto asset.
(i) John McAfee — Highly Optimistic about Mid-Term Future
McAfee’s fame throughout the world crypto ecosystem has reached virtually mythic proportions (particularly over the previous couple of years). Since 2017, the digital safety pioneer has made a number of daring claims regarding the value of Bitcoin (a lot of whom have come true). However, in a current interview with a revered media outlet, he added that Litecoin too has a vivid future forward of itself and that the top-10 altcoin had nonetheless not reached its monetary apex. In McAfee’s opinion, Litecoin has the potential to surge and attain new heights throughout the subsequent 12-16 months.
(ii) George Tung — $1,500 by the End of 2019
Respected crypto analyst/investor George Tung not too long ago went on document earlier to say that by the tip of 2019, Litecoin’s worth may go as much as as a lot as $1500. However, as a result of the digital asset is at the moment buying and selling near the $58 mark, it’s unlikely that Tung’s predictions will come true except the market takes an entire 180-degree flip within the coming few months.
(iii) Charlie Lee — Price Will Surge During 2019/2020
Lee’s current return to Litecoin was considered by many as being a catalyst that might assist spur the value of the digital forex in an upward course. And regardless that Lee has vested pursuits when making value predictions relating to Litecoin, he firmly believes that his brainchild will witness an unprecedented surge by the tip of this yr or early subsequent yr.
(iv) Brian Kelly — $500 Within the Next 3-5 Months
CNBC’s Brian Kelly believes that Litecoin has the potential to scale as much as a value level of round $500 quickly. Kelly, who can be the pinnacle of BK Capital Management (LLC), has been following the digital forex marketplace for fairly a while now and is considered by many buyers as being an knowledgeable on this subject. His optimism stems from the truth that LTC gives customers with a bunch of benefits over Bitcoin — particularly with regard to its faster transaction capabilities and decrease processing prices.
(v) Edith Muthoni — $200 by the End of 2019
Edith is knowledgeable funding author, inventory dealer, and a private finance coach. She is at the moment working because the chief editor of LearnBonds.com, a private funding web site and neighborhood with greater than 100,000 month-to-month readers. In a current interview with Master The Crypto, she informed us that the way forward for Litecoin seems to be fairly good for a number of causes. These embody:
The coin has been bullish for the higher a part of the yr and over the past 9 months, the coin has greater than doubled in worth. As a results of this, Edith is result in consider that this bullish pattern will proceed properly into 2020.
A fast take a look at the value of Litecoin earlier than and after its current halving course of reveals us that the premier digital forex has greater than stabilized. This, in Muthoni’s opinion, is a transparent signal that that the value of Litecoin is all set to scale up each within the quick and medium-term.
Lastly, she believes that the transfer in direction of fungibility and confidentiality of Litecoin transactions (pioneered by Litecoin founder Charlie lee) may have the largest impression on the regular rise within the worth of Litecoin.
“I expect the price of Litecoin to reach $200 by the end of 2019.”
(vi) Oracletimes — $1,000 by the End of Next Year
The analysis group over at crypto prediction portal OracleTimes expects the value of Litecoin to scale as much as round $1000 someday throughout 2020. This projection is predicated largely on LTCs efficiency over 2017 — a interval throughout which Litecoin was capable of yield higher monetary returns than Bitcoin. With that being stated, lots of the situations surrounding this nascent area have modified fairly significantly since then, so will probably be attention-grabbing to see how the way forward for LTC performs out from right here on finish.
(vii) Steemit — $3,500 by 2020
Steemit’s finance group appears to consider that throughout the subsequent 14-16 months, the value of Litecoin will surge by almost 6000% and scale as much as a value level of round $3,500. However, this prediction was revamped a yr in the past, a time when Litecoin was buying and selling near the $150 vary.
(viii) PocketsInvestor — Worthless within the Long Run
For these of our readers who will not be conscious of what PocketsInvestor is, it’s primarily a technical evaluation web site that gives its customers with worth initiatives associated to a bunch of various digital property. These predictions are based mostly on many various components together with prior historic traits, presence of market catalysts, and many others.
Lastly, PocketsInvestors’ analysis group believes that Litecoin is a pathetic long run funding and that the forex may very properly change into nugatory within the subsequent 5-10 years.
(ix) AtoZForex — Positive Short-Term Outlook
The group at AtoZForex firmly believes that if Litecoin is someway capable of break previous the $220 mark within the close to future, it will not be shocking to see the forex scale up past the $300 threshold.
(x) MonteCarlo Simulator
Monte Carlo simulations present that huge issues may be in retailer for Litecoin quickly. As per calculations exhibited by the technical evaluation instrument, there’s a likelihood that Litecoin may surge previous past the $500 mark over the subsequent couple of years.
(xi) Longforecast — Between $780-$1350 by the End of Next Year
As the identify suggests, LongForecast is a web site that gives buyers with specialised long-term forecasts in relation to many premier digital property. In regards to Litecoin, the agency believes that by the tip of 2020, the premier forex will commerce anyplace between $780 and $1374.
(xii) Sean Keefe
Keefe is a Managing Partner at Straight Up Capital — a number one crypto funding fund, investing in decentralized tech, blockchain protocols, & digital and crypto property. On the topic of LTCs monetary future, he informed Master The Crypto:
“I think that Litecoin is just okay. I think that Charlie Lee thinks that Litecoin is just okay. Not every new product (or asset) will break the whole market. Litecoin will follow Bitcoin and exist together with Bitcoin and other cryptocurrencies in a larger crypto ecosystem. But Litecoin will never reinvent the wheel. I think the price of Litecoin will correlate with the price of Bitcoin.”
(xiii) Moiseiev Yurii — Positive short-to-mid time period outlook
Yurii won’t be a family identify like McAfee or Lee, however people who find themselves critical about crypto know that he is among the most properly revered impartial altcoin analysts out there at this time. As per his TradingView portal, Yurii believes that Litecoin is at the moment experiencing an upward value motion which could see the forex scale as much as across the $70 within the close to future. However, LTCs key resistance degree is at $64.15 whereas its present commerce worth lies just below the $58 mark.
(xiv) AlexWinkler — Hopeful about LTCs Future
Winkler can be a well-liked crypto analyst whose opinions are extensively revered by members of the worldwide crypto neighborhood. In his estimation, as soon as Litecoin can thrust previous the $70 barrier, buyers will as soon as once more begin placing their cash into the premier digital asset.
(xv) Jeffrey Liu Xun — Will Depend Largely on Bitcoin’s Performance
During a current interview, Jeffery Xun — CEO of XanPool, a P2P fiat gateway that’s immediate and doesn’t require prospects to take any custody dangers — informed MasterTheCrypto.com that Litecoin was doing rather a lot higher than it was only a month again. In regards to the matter, he additional highlighted:
“With the LTC halving not having “killed off” LTC, I consider the narrative that LTC is silver to Bitcoin’s Gold remains to be intact. That stated, LTC will pump tougher than BTC however will even dump tougher. That is solely based mostly on change order books being so skinny. I consider that the value of LTC dropping a lot was primarily as a result of massive LTC OGs dumping the asset for extra Bitcoin. Now the hypothesis is that many of the OGs of LTC have already liquidated their stack, so I anticipate some stability in LTC relative to BTC. “
Elaborating his thoughts on the future valuation of Litecoin, Xun added:
“As for an absolute USD price. If Bitcoin dumps, LTC will dump even more. If Bitcoin goes below 6K, I believe we can see new lows in LTC (below 25 USD, perhaps even single-digit levels). If BTC pumps, LTC will be lifted by Bitcoins rising tide.”
Coindesk’s analysis group printed an article final yr wherein they claimed that it will not be shocking to see Litecoin hover above the $240 mark by 2020. However, the actual fact stays that the top-10 altcoin is at the moment buying and selling for just below $60 and thus it will be extraordinarily shocking to see the forex surge previous the $200 barrier anytime quickly.
Some Notable Partnerships Worth Highlighting
Glory: Earlier this yr, the Litecoin Foundation introduced its partnership with worldwide kickboxing promotion firm Glory. The agency is well-known and has hosted a number of premier preventing occasions since 2012. As per the settlement, kickboxing fanatics will now have the ability to pay for his or her tickets by way of Glory’s on-line merchandising platform.
C&U Entertainment: As one in all Ok-Pop’s largest promotion companies, C&U not too long ago signed an settlement with the Litecoin Foundation which can see LTC being promoted/marketed in the course of the multinational’s ongoing tour program. Not solely that, the deal additionally offers crypto fanatics with a chance to buy sure tickets utilizing their LTC holdings.
Miami Dolphins: The NFL franchise not too long ago launched a assertion by means of which it introduced its resolution to permit Litecoin fanatics (who will likely be visiting ‘Hard Rock Stadium’ for the groups upcoming video games) to buy tickets for its 50/50 raffle with both Litecoin or Bitcoin.