Litecoin LTC Price Prediction for 2020

Litecoin LTC is one of the major parts of the cryptocurrency industry. The LTC is active for over 7 years now and managed to be successful for the most part of this period. However, recent Crypto market fluctuations strongly damaged the price of Litecoin. The Litecoin’s price decreased almost 5 times over the course of 2018. Still, Litecoin looks like the recent drops of the price made the LTC a perfect asset to invest in and gain profit from in the following year.

Litecoin LTC Price Prediction for 2020

Litecoin LTC is one of the first Bitcoin forks. the developer of Litecoin is Charlie Lee and initially presented as an open-source code via GitHub on October 7, 2011. The Litecoin was designed as a more fast and scalable alternative to Bitcoin. The coin is very similar to its predecessor but has a number of significant differences. Due to the fact of the LTC being constructed as a “lighter” alternative to Bitcoin, it got through some changes to improve its speed and availability.

Some of the differences between Bitcoin and Litecoin are:

Decreased block generation time (from Bitcoin BTC 10 minutes to 2.5 for Litecoin LTC)
Increased total supply of coins
Different hashing algorithm (Scrypt instead of Bitcoin’s Sha-256)
Modified graphic user interface
Litecoin LTC is often mentioned as a “silver” cryptocurrency with a reference to the “golden” status of Bitcoin. At the time of writing, Litecoin LTC is placed 5th in terms of market capitalization with more than 4.8 billion USD of market cap.

The first half of the 2019 Litecoin has a bullish trend. During the time from January to June, LTC price increased four times from $31.02 to $138.4. The reason for this price increase was the upcoming halving, which took place on August 5. People believed that price should go up after halving, so they bought a lot of LTC coins, thereby raising the price themselves. It was quite predictable that the price would go down by almost 50% after the halving. That is what happened. Today the price of Litecoin (LTC) is $75.96. 

Well, there is not any actual technical analysis expertise of Litecoin cryptocurrency. However, here is the actual aggregate rating for Litecoin from several traders & analysts on TradingView.

Litecoin is still a good investment. LTC will not lose its relevance over the next 4-5 years, and its value next year can grow from 60-70 dollars to 300-400 dollars. Such a price prediction promises a good profit for those who have already invested in LTC cryptocurrency or plan to buy cryptocurrency in the near future before the rate has not yet begun to grow actively. Now, let’s take a look at Litecoin LTC price forecasts from leading prediction resources. "Litecoin LTC Price Prediction for 2020"

Here according to the WalletInvestor source, Litecoin price may drop by 20% to $59.9. In the nearest future, Litecoin won’t surpass Bitcoin. In 2020, LTC's price can reach $169.8. In 2025, this Litecoin price will increase 10 times, the coin will worth $1693.7. 

Litecoin price will increase according to DigitalCoinPrice. In 2020, the price will have negative changes, it will drop to $103.444. In the long term, Litecoin LTC is gaining momentum again, but it is unlikely to catch up with Bitcoin.

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