Litecoin Price Prediction 2019

In this article, ChangeNOW will break down the basics of Litecoin cryptocurrency and make a prediction on the LTC future price. We base our opinion on the currency market chart analysis, opinions of cryptocurrency influencers and our own analytical projections.

What is Litecoin?

Litecoin (LTC) is one of the earliest Bitcoin forks. It saw the daylight in 2011 and its advantages for the longest time guaranteed Litecoin the title of the most preferred altcoin on the market. The alterations from original Bitcoin code were minimal, but Litecoin had much shorter block generation time, new hashing algorithm and a modified graphics interface. Since the beginning, the growth of Litecoin price was steady and the coin peaked in 2013 by making a 100% leap in just a day.

As time passed, the differences between Bitcoin and Litecoin became more palpable. Litecoin adapted a new proof-of-work algorithm and adopted the Segregated Witness (SegWit) system to increase the blockchain block size limit. Looking at all the benefits it becomes quite obvious why Litecoin gained tits loyal community of followers so fast.

Litecoin price prediction – 2018. Did it come true?

As for most other cryptocurrencies, 2018 was both a year of reaching a price peak and a subsequent serious decline for Litecoin. It all started very optimistic. LTC met the new year on a sharp rise. By January 1, the price of one coin was $231, and the market capitalization was $12.6 billion.

The price peak was reached by the cryptocurrency on January 7. Prior to this time, the cost was growing with minor corrections, and the record Litecoin value was $296 for the crypto-coin. At that time, the market capitalization was at $16.2 billion, But litecoin did not hold this peak, and almost immediately began to fall in price, falling to $251 by January 11, and to $226 by January 12.

Then again there was a certain growth, and in the middle of the month the coin rose to $260. And this figure was its second peak in 2018. After that Litecoin began to fall in price rapidly. The fall with minor rises was observed until February 6, when the price of Litecoin fell to 127 dollars.

From 11 to 18 February, the cryptocurrency experienced growth again, and played back a significant part of the positions, almost returning the value that was fixed for the New Year. Then, LTC was trading at $229 per coin. And it lasted at this peak until the spring, slightly losing and adding to the cost.

March met Litecoin with the price of $220, and it ranged between $210-220 for another week, until March 7. Then there was a sharp decline in value to $198. More than the mark of $200 in 2018, the cryptocurrency did not break through. The cost began to decline sharply. In 5 weeks, LTC lost 40% of its value, and by April 12 it was trading for only $119. After that, the last rise of the cryptocurrency began, which reached its peak on May 5, stopping at $180. Further, Litecoin expected a protracted decline.

Since the beginning of summer 2018, LTC had been steadily cheaper. The last day, when the price of cryptocurrency was more than $100, was June 13. Already on June 14, the rate fell to $96, and no longer rose to $100. The decline in value was gradual but steady. By 31 December 2018, the LTC price was only $31, according to the Litecoin news.

What is the current price of Litecoin?

In 2018, LTC price was scrutinized by many people on the cryptocurrency market, but the value of the coin didn’t beat the recording $230 of the January prices. After the inevitable post-crisis fall, Litecoin price settled around $30. Near the end of the year and with all the good reviews, the price started to slowly climb, and on the first day of 2019, LTC was traded for $32. The number increased to $40 during the next week. You may see a piece of more detailed information on a Litecoin price chart below.

Litecoin price prediction 2019

For all the people interested in Litecoin (LTC) price analysis for 2019, ChangeNOW gathered all the information that may come in handy. On average, analysts suggest that LTC will close 2019 at the price of $120. Long-term investments are promised to be even more valuable, as it’s forecasted that in 2023 LTC will stand at $900 mark.

Summing up, after examining Litecoin projections, we think it will hold the place in the three most valuable cryptocurrencies on the market and be a good investment choice.

Litecoin price prediction 2020

According to analysts and recent LTC news, the first half of 2020 will be a year of capacity building for LTC. Technological capabilities and commercial interest in Litecoin will accumulate until approximately the third quarter of 2020. By that time, most likely, the price of the coin will be stable, you should not expect any serious jerks.

But the second half of 2020 should be a breakthrough for Litecoin future. Analysts expect a serious jump in value, thanks to which LTC will be able to break the records that were recorded in late 2017-early 2018. Quarterly Litecoin future price prediction is as follows:

  • I quarter – 140 dollars;
  • II quarter – $ 150;
  • III quarter – $ 350;
  • IV quarter – 380 dollars.

Thus, since the summer of 2020, Litecoin is expected to make a significant breakthrough. The interest of investors should grow, and technological capabilities by that time will be sufficient to use LTC not only as an investment tool, but also as a full-fledged payment service.

Litecoin price analysis by Wallet Investor

Wallet Investor makes Litecoin price forecasts based on the computer model, based on the previous dynamics. Therefore, you can pay attention to the fact that they are somewhat formulaic. By the beginning of 2020. Wallet Investor predicts a prolonged decline in the cost of LTC, and believes that by the end of the II quarter, the price of the crypto-coin will not be higher than $150.

However, the second half of the year is expected to see steady growth, and the program predicts that the price jump may be twofold. According to the computer model of Wallet Investor, the cost of LTC will exceed $300 by the end of 2020, and according to the analysts, this is not the peak price. In addition, the experts of Wallet Investor predict that the figure of $300 may not be final, and we should expect even higher values.

John McAfee’s opinion

John McAfee is one of the most ardent fans of cryptocurrencies. Given the expected rise of cryptocurrencies by 2020 from McAfee, Litecoin should cost at least $5,000 per cryptocurrency. However, given the peculiar manner of John, you can be skeptical of his predictions. You can hardly expect Litecoin to be able to make such a serious journey in just a year, given the Litecoin price history.

What do they say on Reddit?

As you know, Reddit has become one of the main bases of crypto investors around the world, and the forecasts that appear here are often true. Most users hope that the cost of LTC in 2020 will grow, thanks to halving, which will happen in 2019. The reward for the extracted block will decrease, and this will be the impetus for increasing the price of the crypto-coin in 2020.

Halving will happen in August 2019, and the reward for the extracted block will decrease from 25 thousand to 12.5 thousand coins. As practice shows, after the reduction of remuneration, the cost of coins really increases. As for the LTC price, the forecasts are very different at Reddit. Optimists are confident that the cost of the coin will exceed $ 400. More balanced forecasts predict a rise in the price of LTC to $250, or up to $300 dollars.

Litecoin future price up to 2025

If Litecoin continues its development at the pace that is observed now, the Litecoin future price prediction for 2020 at $300-350 is quite realistic. Analysts expect that the growth in the cost of LTC will continue, and will be stable until at least 2025. There are several factors that indicate a further increase in interest in Litecoin, including:

  • Well-coordinated work of the team without serious conflicts and disagreements (as, for example, in Cardano, where the developers continue to redistribute the coins);
  • Litecoin is one of the most famous cryptocurrencies on the market, it competes for the second position with Ethereum. The coin’s fame promotes trust in it in the market;
  • With Litecoin, there were never scandals regarding the theft of cryptocurrencies, hacking and other things. LTC is a decentralized coin and its credibility is quite high.

According to analysts, there are only two coins that are suitable for long-term investment – Bitcoin and Litecoin. Professionals believe that the price of these cryptocurrencies in the long term will only grow. Moreover, experts see BTC and LTC as the main candidates to turn from a speculative investment asset into a full-fledged means of payment in the near future. Not Ethereum, Ripple or Monero, namely Bitcoin and Litecoin. This is an additional factor indicating a stable growth of the LTC price.

Certainly, by 2025, Litecoin will not cost $100 000, as this is the dream of Charlie Lee. But the price of $1000 looks quite real.

If you have found this article on Litecoin price forecast you might want to check out our blog for more posts on LTC, Litecoin news and update. You can follow our social media to know when the next article is up. And, obviously, if you became interested in investing in Litecoin enjoy the best rates that ChangeNOW offers: