Litecoin Price Prediction: The first quarter of this year and the better portion of the second quarter has been terrifying for Litecoin. When the value of the coin began depreciating at the opening of the year, a lot of people thought it was just a natural retracement because of the great leap that the digital currency had made at the conclusion of last year. This time around, the trendline of the bars went too far. Sometimes, the digital currency acts like it requires to continue a bull run only to end up making a notable decline than before. This has made coin owners to lose interest in the currency and opted to trade the coin at a loss.
What is Litecoin?
Litecoin is a decentralized digital coin like Bitcoin. It employs the same encryption methods to transfer and generate funds and to confirm transactions. The chief difference between Bitcoin and Litecoin is that Litecoin has a more significant amount of coins that can be produced and it has active transaction rates. Next, to the very related cryptocurrency Bitcoin, Litecoin has one of the greatest largest market capitalizations of any coin, and it has longevity. It is entirely decentralized. Litecoin assures that all transactions not limited to a single server, and are accessible to everyone. Every data is stored in the ledgers and cannot be removed or modified. A Google employee, Charlie Lee created it. After a few failed at attempting to build cryptocurrencies, Lee came up with Litecoin, intending it to be a better variant of Bitcoin.
On October 7, 2011, Litecoin was published by an open source customer on GitHub. Litecoin is formed from Bitcoin, with related features and characteristics. So, it is the fork of the Bitcoin. Litecoin is an enhanced version of Bitcoin will minor brand awareness.
Market prediction for Litecoin 2018
Although some altcoins are gaining influence and global importance with each passing day, Bitcoin is yet palms down the most leading cryptocurrency in business with progressing appreciation of the gains that cryptography and the blockchain technology can implement transactions. With the market being so volatile, foretelling the value of the cryptos is one of the most challenging tasks. Let’s think the publications and personalities, and their statement regarding the LTC price prediction, which will provide us a fairer idea:
According to the technical analysis presented by Walletinvestor, they predicted that by next year, it will reach around $414 and that it is good for investment in the long run.
#2 Oracle times
According to Oracle times, Litecoin’s advantages over Bitcoin makes it investment-worthy, and it will reach to around $1000 by the end of 2019. They even stated there are other predictions, which says it might also reach $2000 mark.
According to investingpr.com, the price of Litecoin will reach $400 by the end of the year.
#4 George Tung
George Tung, a cryptocurrency analyst, predicted that the price of Litecoin would rise as high as $1000 towards the end of the next year.
Kelly, the head of BK Capital Management (LLC) states that Litecoin price will reach $400 by this year end. That’s a conservative approach by the wall street trader. He says it might reach even $600.
The verdict on Litecoin price prediction
If the bear hits in, there will be a tough moment for not only Litecoin but all the other cryptos. But if the business becomes bullish, which is mostly projected by most of the traders and investors, then LTC will move to a minimum $150. LTC price increase rate becomes unstoppable in the following years.
Litecoin price prediction in five years
The Litecoin price forecast is made based on the evidence that it is the 6th most important crypto in the world. Litecoin price prediction suggests that the Litecoin price is up for a long-term 962.28% in the LTC price with a 5-year investment, which indicates that in the year 2023, the Litecoin Price is projected to stand at $905.12. As the currency is earning more popularity, the acceptance ratio is improving. It is already high as related to the other newcomers. The price is going to rise pretty high in the year 2022 and 2023, where it can reach the 900 dollar mark.
If you’re in search of crypto in which you can fund in for the longer term, Litecoin might be a good choice for you. You must keep in mind that Litecoin would also imitate the trend in Bitcoin. Owing to this very purpose, during a bearish period in Bitcoin, Litecoin would also drive in the same way tentatively.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give the information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.