Recently, The Litecoin Foundation stepped into philanthropy and teamed up with UNICEF kid power, which is an initiative which shows how children can make a difference. Litecoin even went through its second halving process wherein the block reward halved from 25 LTC to 12.5 LTC. Some of the crypto enthusiasts were pretty vocal about the effect of the event. Eric Turner, director of blockchain analytics firm Messari said that some investors are exiting with their trading process after the LTC halving took place.
Even some months back, Charlie Lee announced that Litecoin introduces Confidential Transactions to wear off the fungibility problem. This is a huge step towards Litecoin’s growth as it will no longer be known as Bitcoin’s sister. It will be having its own identity. MibleWimble Protocol will be looping in to make Litecoin fungible, private and scalable. Litecoin Confidential Transaction will help mitigate the issues like knowing the history of what the good or commodity has been put to use which has been inherent in public blockchains.
Currently, Litecoin (LTC) is trading at $34.64 with LTC price 20.34% down today. The market cap of Litecoin is USD 2,226,965,824 with 64,280,182 LTC circulating currently. The 24-hour price movement chart indicates that $7,659,825,777 worth of LTC was trading. There is a possible increase in the value of the LTC coin price, which is predicted to increase to at least $230 by the end of this year. The Litecoin price prediction is made on the basis of the fact that it is the seventh-largest cryptocurrency in the world. (Litecoin prediction today)
Litecoin is created by Charlie Lee, an ex-Google employee, to had the vision to create something which is lighter and cheaper than Bitcoin, hence the name. On October 7, 2011, Litecoin was released by an open-source client on GitHub. Litecoin is formed from Bitcoin, with similar features and characteristics. So, it is the fork of the Bitcoin. Litecoin is an improved version of Bitcoin will lesser brand awareness.
Litecoin is one of the most under-valued and grounded cryptocurrencies in the world, being in existence for seven years since 2011. Litecoin is more accessible to the people than Bitcoin, hence known as “silver” of crypto world and Bitcoin referred to as “gold” of the crypto world.
With the market being so volatile, predicting the price of the cryptocurrencies is really one of the most difficult tasks.
Let’s consider the publications and personalities, and their statement regarding the LTC forecast, which will give us a fairer idea:
According to the technical analysis presented by Trading Beasts, they predicted that by the end of 2020, LTC might reach around $47 and that it is good for investment in the long run.
Wallet Investor has been always upfront in projecting its conservative prediction for all the cryptocurrencies. They have again come out with a conservative prediction for Litecoin, where they believe that Litecoin might reach $22.95.
According to Long Forecast research, the price of Litecoin might reach $55 by the end of the year.
Coin Price is a crypo prediction website that has predicted that Litecoin might reach as high as $124 by 2020. Although this is quite an optimistic prediction, they stand by it.
DigitalCoinPrice states that Litecoin price might reach $106 by this year-end. That’s an optimistic approach by the crypto prediction website.
Although this is not a bullish time for the crypto space, Litecoin is performing fairly good as compared to its peers. Obviously, most of the credit goes to Charlie Lee, as he finally introduced Confidential transactions (CT) like privacy coins like ZCash and Monero, which will ward off fungibility, scalability and privacy problems. Even the adoption rate is fairly high as very recently, Litecoin logo was advertised on the mat of UFC, a famous fight and that helped in grabbing eyeballs. Even a new shopping center in Singapore has installed an ATM that accepts Bitcoin and Litecoin. (Litecoin predictions 2020). The Litecoin price prediction before halving looked a bit shaky. The Litecoin price prediction after halving is very optimistic as per the experts' opinions.
As 2020 is expected to turn out to be the most prominent year for cryptocurrencies, LTC also might experience an upward surge. It might start around 250$ where it can reach the 400$ mark in the first quarter. In the month of June, LTC might be $500, after which it might stay onto the 500 dollar mark. By the end of the year, i.e, in December, it decreases a bit and might go to $470. (Litecoin Forecast 2020)
Read more: Get the top and best Litecoin wallets.
Litecoin's future looks bright will all the integrations and partnerships. The Litecoin community is pretty active, which comes up with all the upcoming developments, and keeps the enthusiasts updated with the same. Litecoin might rise upwards and might give a tough competition to the other cryptos. By 2021, Litecoin might reach $600. It might reach newer heights, which shall define its futuristic goals.
The Litecoin price prediction is done based on the fact that it is the 7th most valuable cryptocurrency in the world. Litecoin, with its low transaction costs and quick confirmation times, is becoming “the new global payments standard for consumers and businesses worldwide.” It also reassures merchants that costs are likely lower than they thought. The payment processing fees are far less than those incurred by credit cards and other forms of payment and even the integration is free.
As the currency is gaining more popularity, the acceptance ratio might also increase. It is already high as compared to the other newcomers. The price is going to soar pretty high in the year 2022 and 2023, where it can reach the 900 dollar mark. You can convert LTC to BTC from CoinSwitch at the best rates.
Litecoin would be having in 2023, where the block rewards would get halved and becomes 6.25 LTC. This would push the Litecoin enthusiasts to trade and invest as the halving process enables the coin to surge its value. Litecoin might even shine ahead of its peers and become one of the most traded cryptocurrencies. By 2025, Litecoin might reach $1200.
By 2030, Litecoin would have gone through its 4th halving process, and it is expected to grow manifold. It might grow upwards and become one of the top 3 cryptocurrencies if it keeps on with the technological trends. By 2030, Litecoin might reach a whole new level and the value might soar high above $1500.
Litecoin is one of the top 5 cryptocurrencies with a promising future. Litecoin has many more milestones to achieve and can be dominant in the future.
The second Litecoin Halving took place on August 05, 2019, where the miner reward decreased from 25 LTC to 12.5 LTC.
You can check this guide for knowing how to mine Litecoin.
If you want to sell Litecoin, you can go to https://coinswitch.co/. You can exchange Litecoin at the best rate at https://coinswitch.co/coins/litecoin/litecoin-to-bitcoin
There are high probabilities of Litecoin succeeding in 2020, especially post the halving process.
Litecoin might not go down. But some of the prediction sites like Wallet Investor has predicted that Litecoin might fall down.
If you want to invest in Litecoin, you need to follow the daily trends and analyze thoroughly before taking any decisions.
20,761,846 Litecoins are left as of September 12, 2019.
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