Litecoin Price Prediction: Top LTC Value Forecasts

As all of our readers are in all probability nicely conscious of, 2018 noticed the crypto market face an insane quantity of bearish stress, which resulted within the value of most premier digital belongings dropping by over 80%. In this regard, it bears mentioning that final 12 months 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 info 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 challenge was devised by Charlie Lee, an ex-Google worker, to permit crypto fanatics to facilitate their each day funds utilizing a decentralized digital foreign money. Additionally, Litecoin’s core framework has been constructed atop the identical blockchain that BTC at the moment makes use of. However, it’s value mentioning that relating to tx capabilities, the processing speeds provided by LTC are considerably greater than these provided by Bitcoin. To put issues into perspective, we are able to see that a normal BTC transaction takes anyplace between 5-12 minutes to course of. In the identical breath, we are able to 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 vital essential elements of Litecoin (that units it other than different premier altcoins) is its tx speeds and capabilities.

Total Supply: When in contrast with Bitcoin, LTCs complete token provide is considerably greater. To elaborate on this level, we are able to see that whereas there can solely ever exist a complete of 21 million BTC, Litecoin’s complete provide can go as much as a whopping 85 million tokens.

Low Processing Charges: While established cryptocurrencies reminiscent of BCH, BTC, ETH have comparatively excessive processing charges (on every particular person tx) related to them, LTC’s processing costs are considerably decrease.

In addition to the options which were highlighted above, it’s also value mentioning that all through 2018, Litecoin was top-of-the-line performing crypto belongings 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 top of the 12 months.

Top Litecoin Price Predictions:

We will now take a look at the predictions of assorted crypto analysts, consultants and different finance groups which were lively inside this area for fairly a while. However, these opinions are solely their very own and potential traders 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 popularity throughout the international crypto ecosystem has reached nearly 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 brilliant 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 file earlier to say that by the top 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 until the market takes a whole 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 will assist spur the worth of the digital foreign money in an upward path. And although Lee has vested pursuits when making value predictions relating to Litecoin, he firmly believes that his brainchild will witness an unprecedented surge by the top of this 12 months or early subsequent 12 months.

(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 also be the top of BK Capital Management (LLC), has been following the digital foreign money marketplace for fairly a while now and is considered by many traders as being an knowledgeable on this subject. His optimism stems from the truth that LTC gives customers with a number 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 an expert 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 website and neighborhood with greater than 100,000 month-to-month readers. In a current interview with Master The Crypto, she instructed 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 12 months and during the last 9 months, the coin has greater than doubled in worth. As a results of this, Edith is result in consider that this bullish development will proceed nicely into 2020.

A fast take a look at the worth of Litecoin earlier than and after its current halving course of reveals us that the premier digital foreign money has greater than stabilized. This, in Muthoni’s opinion, is a transparent signal that that the worth of Litecoin is all set to scale up each within the brief and medium-term.

Lastly, she believes that the transfer in the direction of fungibility and confidentiality of Litecoin transactions (pioneered by Litecoin founder Charlie lee) can have the most important affect 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 crew over at crypto prediction portal OracleTimes expects the worth of Litecoin to scale as much as round $1000 someday throughout 2020. This projection relies largely on LTCs efficiency over 2017 — a interval throughout which Litecoin was capable of yield higher monetary returns than Bitcoin. With that being mentioned, most of the situations surrounding this nascent area have modified fairly significantly since then, so it is going to be fascinating to see how the way forward for LTC performs out from right here on finish.

(vii) Steemit — $3,500 by 2020

Steemit’s finance crew appears to consider that throughout the subsequent 14-16 months, the worth 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 12 months 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 might not be conscious of what PocketsInvestor is, it’s basically a technical evaluation web site that gives its customers with worth initiatives associated to a number of various digital belongings. These predictions are primarily based on many alternative components together with prior historic developments, presence of market catalysts, and so forth.

Lastly, PocketsInvestors’ analysis crew believes that Litecoin is a pathetic long run funding and that the foreign money may very nicely grow to be nugatory within the subsequent 5-10 years.

(ix) AtoZForex — Positive Short-Term Outlook

The crew at AtoZForex firmly believes that if Litecoin is in some way capable of break previous the $220 mark within the close to future, it will not be shocking to see the foreign money scale up past the $300 threshold.

(x) MonteCarlo Simulator

Monte Carlo simulations present that large issues is likely to be in retailer for Litecoin quickly. As per calculations exhibited by the technical evaluation software, there’s a probability that Litecoin would possibly surge previous past the $500 mark over the following couple of years.

(xi) Longforecast — Between $780-$1350 by the End of Next Year

As the identify suggests, LongForecast is an internet site that gives traders with specialised long-term forecasts in relation to many premier digital belongings. In regards to Litecoin, the agency believes that by the top of 2020, the premier foreign money 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 belongings. On the topic of LTCs monetary future, he instructed 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 severe about crypto know that he is likely one of the most nicely revered impartial altcoin analysts out there right this moment. As per his TradingView portal, Yurii believes that Litecoin is at the moment experiencing an upward value motion which could see the foreign money scale as much as across the $70 within the close to future. However, LTCs key resistance stage is at $64.15 whereas its present commerce worth lies slightly below the $58 mark.

(xiv) AlexWinkler — Hopeful about LTCs Future

Winkler can also be a well-liked crypto analyst whose opinions are broadly revered by members of the worldwide crypto neighborhood. In his estimation, as soon as Litecoin can thrust previous the $70 barrier, traders 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 instantaneous and doesn’t require clients to take any custody dangers — instructed MasterTheCrypto.com that Litecoin was doing quite a bit 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 mentioned, LTC will pump tougher than BTC however will even dump tougher. That is solely primarily based on change order books being so skinny. I consider that the worth of LTC dropping a lot was primarily because of the massive LTC OGs dumping the asset for extra Bitcoin. Now the hypothesis is that a lot of the OGs of LTC have already liquidated their stack, so I count on 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.”

(xvi) Coindesk

Coindesk’s analysis crew printed an article final 12 months 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 slightly below $60 and thus it will be extraordinarily shocking to see the foreign money surge previous the $200 barrier anytime quickly.

Some Notable Partnerships Worth Highlighting

Glory: Earlier this 12 months, the Litecoin Foundation introduced its partnership with worldwide kickboxing promotion firm Glory. The agency is well-known and has hosted a number of premier combating occasions since 2012. As per the settlement, kickboxing fanatics will now be capable of pay for his or her tickets by way of Glory’s on-line merchandising platform.

C&U Entertainment: As certainly one of Okay-Pop’s greatest promotion companies, C&U not too long ago signed an settlement with the Litecoin Foundation which can see LTC being promoted/marketed through 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 which it introduced its resolution to permit Litecoin fanatics (who can be visiting ‘Hard Rock Stadium’ for the groups upcoming video games) to buy tickets for its 50/50 raffle with both Litecoin or Bitcoin.