So he predicted a drop from $300 to $20. Always keep an eye on market changes, especially Bitcoin, which is most often reflected in all altcoins. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. In the first half of the year, Litecoin has a bullish trend. According to the bitcoin price prediction for 2024, the BTC price might gain the mark of $47,132 per coin. Traders can take advantage of similar tools provided by trading platforms like PrimeXBT, and open positions with up to 100x leverage on either the LTC/USD pair, or the LTC/BTC pair. Technical analysis is more popular for the short term analysis. However, after its launch on October 8, 2011, its price remained to be relatively low, with an average value of around $3. Gambardello launched his own crypto-focused venture capital firm and looks to fund projects throughout the cryptocurrency industry. A cryptocurrency research firm by the name of Crypto Research Report Group is calling for Litecoin to reach $83 in 2020,  $1,200 in 2025, and $2,250 in 2030. The first price peak in the LTC price history happened in November 2013, when its value almost doubled within one day and ultimately reached 50 USD per coin on November 28. This led to a drop in the LTC hash rate by more than 70%. This helpful Litecoin Price Prediction guide will help investors understand if LTC will rise like Bitcoin and reach prices of $1,000 or more in 2020 and what it will reach beyond 2025. People believed that the price should go up after halving, so they bought a lot of LTC coins, thereby raising the price themselves. Now, let’s look at the details. What if you had invested in Bitcoin earlier? Related. However, Lee cited the move was done to alleviate a potential conflict of interest. During a Consensus Conference in New York in 2017, he estimated bitcoin to reach $ 1,000,000 in five to ten years times which means no sooner than 2022 … Of course, the creator always believes in his creation as much as Charlie Lee believes in Litecoin. It depends on the sum you are ready to invest and the market behavior. Website. Due to how far Litecoin has come, growing from low prices around $3 to as much as $360 at its all-time high peak price, it’s clear that Litecoin is a strong performing investment. Another pullback caused Litecoin to reach $35 in late 2019, but after a higher low, Litecoin future price is only expected to increase from here. You can see by the chart that the return of investment rate of bitcoin is a staggering 9,150,088%, which is 2,899 times the amount of Amazon's return on investment rate. In Litecoin, he is one of the key figures of the development team. Litecoin also has strong support in the development community, and is often used as a testbed for other digital currency projects, due to how much developer activity the crypto asset has, and due to how simple it is to work with. On the lowest end of the scale, analysts see $18 as the absolute bottom for Litecoin in the days ahead. PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes (including, but not limited to, any income, capital gains, sales, value added or similar tax) which may arise from Your participation in the trading with margin. Litecoin is the first crypto asset to do so successfully, and it has cemented Litecoin’s place in the crypto market and as a financial asset with long-term growth potential. If this penetration manages to reach 10%, its non-discounted utility price should reach nearly … Recently we’ve launched a trading platform named Changelly PRO, which can help you to trade Litecoin cryptocurrency in any possible pair. At that moment, the story seemed impossible, because the LTC coin was traded on exchanges for $60. The company does accept only participants: Keep in mind that trading with margin may be subject to taxation. Find out here! This is where the asset topped out ahead of its halving in 2019. So if you can't handle LTC dropping to $20, don't buy! To the date, it’s growing up to $142. Social media activity and feedback from users and token holders can also help you make the right choice. Charlie Lee once spoke about price predicting and said it was impossible to predict any coin’s price. Litecoin’s strength in the market shows frequently, as it is the altcoin asset that most commonly leads rallies, and its recent halving helped pull Litecoin, Bitcoin, and the rest of the crypto market out of a bear market and into a bull market. This has seen…, We are proud to announce that we have partnered with Coinify, a trading infrastructure platform  which allows users to buy…, Since the end of December, and even a little prior to that, Bitcoin has been on a tear away as…. Seek independent advice if necessary. In October 2020, the LTC price was $44. The foreign exchange market and derivatives such as CFDs (Contracts for Difference), Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk. We can see the definite downward trend that can bounce the coin price right by the end of 2020 — absolutely the opposite opinion from the previous speaker. A cryptocurrency research firm by the name of Crypto Research Report Group is calling for Litecoin to reach $83 in 2020, $1,200 in 2025, and $2,250 in 2030. The community was furious with him, but he was ultimately correct in his prediction. At the start of 2020, the cryptocurrency began to lead the market once again, causing many began to wonder “why is Litecoin going up” when the rest of the market is stagnant. Both assets have a hard-capped supply that gives the assets a scarcity aspect that is similar to precious metals. On top of reporting differences, different exchanges may have different bitcoin prices for each date. It can only be a firm belief in his project. As in any sphere that can be predicted, there are people who are either wrong or right. Here’s a breakdown of LTC price predictions broken down by year from some of the best industry analysts. Today it is almost $10,000. Lee is still heavily involved in the project, and is the Managing Director of the Litecoin Foundation, a team dedicated to pushing Litecoin adoption, increasing its value proposition in the market, and establishing Litecoin growth in the long term. And he was right! It is specified that the past performance of a financial product does not prejudge in any way their future performance. Litecoin is supported by most countries regulatory entities, as it is among the earliest cryptocurrencies to hit the market. Any asset can make an investor reach or poor. Unfortunately for Charlie Lee, he was right. In 2016, the Litecoin price reached $300! Litecoin is among the top ten cryptocurrencies by market cap, giving it added value and long term value, and is part of the reason why LTC price predictions can go so high – the assets listed in the top ten are often the most promising projects in terms of estimated growth and projected value, making them sound investments in what is otherwise a risky market. Ok, sorry to spoil the party, but I need to reign in the excitement a bit…Buying LTC is extremely risky. 3. You’re doing a great job by writing such articles, thank you! an open-source code via GitHub on October 7, 2011, Bitcoin Gold Price Prediction for 2020-2025, Cryptocurrencies That Will Explode in 2021 – from Bitcoin to DeFi Tokens, How to Build a Long Term Cryptocurrency Portfolio, Litecoin (LTC) Crypto Wallets for Mobile and Desktop, Litecoin Mining profitability and list of the best LTC Mining equipment, Decreased block generation time (from Bitcoin’s 10 minutes to 2.5 min for Litecoin), Different hashing algorithm (Scrypt instead of Bitcoin’s Sha-256). Litecoin has been struggling to reclaim its previous all-time high, and according to analysis lower prices could be met before some of the biggest price predictions are ever reached. That's a crease of %. 2025 will continue to hold BTC price at a high level. Despite its established position in the industry, the coin was affected by the overall descending dynamic of the market. At that point, LTC was trading at just $60 per token. This time around, Gambardello believes Litecoin “Litecoin consolidates at around $70 before [a] massive run to $1,000+” in the long-term. Required fields are marked *, Buy Crypto Ground has predicted for the year and even 5 years … I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT. What will Bitcoin be Worth in 5-10 Years Time. This article will explain the fundamentals of Litecoin cryptocurrency, whether it is going to grow or fall. With the asset’s price rising and falling to such extremes, Litecoin is a trader’s dream as they can profit from both long and short positions as LTC bounces between peak and trough. That is what happened. A breakdown could take Litecoin back to prices below $20, while a breakout would propel LTC back towards its former all-time high. Keep in mind that Litecoin is a pretty established coin in the cryptocurrency world. Previous. Lee is a controversial figure in the cryptocurrency space, known for selling off his Litecoin holdings at the peak of the last crypto bubble. These factors constitute the fundamental analysis of the coin. Prior to the halving, Litecoin was trading at $140 per LTC coin, nearly half of its all-time high and an over 600% gain from its bottom price. Before it gets there, however, it will have to contend with resistance at roughly $150. Litecoin’s code is a work of the Bitcoin Core client, and technically similar to Bitcoin. Litecoin has garnered the attention from the likes of many sports leagues, and is the official cryptocurrency sponsor of the UFC, the MMA brand also known as Ultimate Fighting Championship. Litecoin was the third cryptocurrency by market capitalization for a long time. Bitcoin’s price seems to have settled down somewhat following its major rally, and subsequent fall and correction. LTC coin is very similar to its predecessor but has some significant differences. It is often regarded as a better choice than Bitcoin. Like Bitcoin, Litecoin is a cryptocurrency with enormous long-term projected growth. Technical analysis is the study of the history of prices and trading volumes in order to identify patterns on the basis of which price dynamics are predicted. “We believe that Bitcoin is still at the very start of its adoption curve. Let’s take a look at the brightest future predictions. During 2018, Litecoin’s price graph has been demonstrating a descending trend. Since the start of the fall, there was only one significant LTC price drop and for the most part, the coin’s price evaded the overall market’s volatility. According to the TradingView user TopTradingSignals, it’s time to sell Litecoin by the end of 2020. Conclusion: Is Litecoin a Good Investment and How Much Will LTC Be Worth? Our service can help you with this. However, it looks like the coin managed to find a stable position. of 2020 Litecoin will be suck within a range of $35 to $60 and one side will need to break to get to future targets. So while the value of bitcoin may have risen and fallen countless times over the past few years, there's no doubt that it pays to have invested in bitcoin … Related. The Litecoin forecast is bright, especially considering all of the support the crypto asset has earned from industry experts and big-name investors alike. There is a chance bitcoin will cost $46,232 at the beginning of 2025. The event failed to spark a renewed bull market. The Litecoin network invites users who want fast, quick solutions involving cryptocurrency and the blockchain technology, and since they are popular right now, they won’t want to miss out on the revolution. 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