Litecoin Price Prediction: Up or Down?
Many professionals and cryptocurrency geeks often claim Litecoin token ‘a Bitcoin sister’. Released in 2011 by a Google employee Charlie Lee, this cryptocurrency technically is slightly identical to Bitcoin. Litecoin coin is one of the five most used and stable currencies these days, and now let’s see if the future of the coin is as bright as its present.
What is Litecoin (LTC)?
With substantial industry support, trade volume and liquidity, Litecoin is considered a true medium of commerce complementary to Bitcoin. This coin is a peer-to-peer cryptocurrency and open-source software project. The most significant thing is that Litecoin coins transfer and creation primarily relies on an open-source cryptographic protocol and is not controlled by central authorities. Approximate block reward balances around 12.5 LTC and block time amounts to 2.5 minutes. Sounds promising, should we leave it all and buy Litecoin tokens and coins?
Litecoin Coin Price Prediction 2019
Today Litecoin price in USD ranges from 59 to 60 according to the average of the world’s leading exchanges. In terms of heavy competitiveness at the cryptocurrency market, the price of Litecoin is intended to decline by the end of 2019 and reach around $58.5-$58.9. However, some Reddit users keen on mining Litecoin are sure that the upcoming year is supposed to be a bit more optimistic for the coin.
Litecoin Coin Price Prediction 2020
If you take a look at such respected cryptocurrency sources like TradingBeasts, you would see their bearish forecast for the coin: more than $100 for 1 LTC. Nevertheless, relying on the economic trends and subtle decrease in popularity of the coin, LTC is supposed to go down to $53-55 in January and by December 2020 reach the value of around $54.9.
Litecoin Coin Price Prediction 2021
2021 is going to be a quite tough year for every cryptocurrency. And Litecoin is no exception as the price of LTC at the beginning of the year will decrease to $30.1-$33.6. Fortunately, by the middle of 2021, the price will slowly rise to approximately $35 with a continuous descend by December 2021 to around $32.7-$33.1.
Litecoin Coin Price Prediction 2025
Making any long-term predictions is always controversial especially in terms of cryptocurrencies. 2023 can really become a take-off period for Litecoin as some news agencies suggest. Litecoin coin exchange rate in 2025 can reach an extremely high number of around $102-$109 while some networks foresee its exchange rate (LTC-USD) reaching the level of even $1000 which is somewhat insane.
Is There Any Future for Litecoin?
Having been regarded as a reliable and prosperous coin by such giants as Arba Global and Lightning Network, LTM seems to be a nice destination for your coins and tokens. However, the recent fallout of Litecoin caused by the closure of Litepay will last for some time which is clear from the forecast. If Charlie Lee continues focusing on Litecoin and will use the power of Bitcoin for LTM, it has all the chances to stay in top for years to come.
*This price prediction is based on the data collected from various sources. Information it this article should not be considered as an investing advice and user should do their own research before taking any actions.