Best Litecoin LTC Price Predictions 2020, 2021 & 2025

Litecoin is one of the top cryptocurrencies that’s been in the industry for about a decade now. Since its emergence, Litecoin LTC has managed to be successful, tackling market fluctuations, price drops, and whatnot.

Litecoin is one of the top cryptocurrencies that’s been in the industry for about a decade now. Since its emergence, Litecoin LTC has managed to be successful, tackling market fluctuations, price drops, and whatnot. 

The digital currency was created by Charlie Lee and implemented important technologies that were later used in prominent cryptocurrencies like Bitcoin, among others. Litecoin, as most cryptocurrencies, has been lately suffering from an ongoing bearish trend.

Over the course of 2018, LTC’s price decreased almost five times, which made investors question this cryptocurrency’s future and start to wonder what can boost its price, and where Litecoin will be standing as an investment in the years to come.

In 2019, Litecoin underwent its second halving, where the block reward halved to 12.5 LTC from 25 LTC. Investors and crypto enthusiasts were quite vocal about the Litecoin halving event and the effect it had on the digital currency. According to blockchain experts, some investors rapidly ended their LTC trading process after the halving took place. 

A few months back, LTC introduced Confidential Transactions for tackling fungibility issues. Experts stated that this is a huge step towards the growth of Litecoin, and it will no longer be known as Bitcoin’s sister.

So, what is in it for the investors? What the future holds for Litecoin? We teamed up with experts to dig deep into the technical analysis of Litecoin to determine the long term benefits of investing in this currency. Without further ado, let’s get to Litecoin LTC price prediction 2020, 2021, and 2025.

What is Litecoin (LTC)?

If you are new to the realm of cryptocurrency, you must have come across names like Bitcoin, Litecoin, Ethereum, etc. There are about 1,658 recognized digital currencies in circulation

Because Bitcoin was the first cryptocurrency to launch, it has got all the publicity and attention for media outlets. However, it contests with lots of promising alternatives, one of which is Litecoin.   

Cryptocurrencies are measured by their market cap. Simply put, market capitalization is the amount of digital currency on the market. Taking this factor into consideration, Litecoin has established itself among the top 10 largest cryptocurrencies in the market.   

Litecoin LTC is a decentralized peer-to-peer cryptocurrency that functions as an online payment system. Like a bank’s online network or PayPal, users can use LTC to transfer currency to one another.

However, there’s a catch! Instead of using US dollars for transactions, Litecoin uses the LTC coin for value transfers. This is where its similarity to most traditional cryptocurrencies ends. Litecoin is designed as a more scalable and reliable payment-focused alternative to Bitcoin.  

Pros & Cons of Litecoin (LTC)

As you can imagine, there are many reasons to invest in Litecoin (LTC), but there are also some downsides that you must take into account before using it. That said, let’s find out the pros and cons of Litecoin.

Pros of Litecoin (LTC)

Open Source

Litecoin is open sourced, which means it can easily implement changes and software updates to respond to the changing dynamics of the market. Being an open source system means it can easily embrace and adopt new systems like Lightning Network (LN) technology as well as the new SegWit system.

Fast Transactions

As compared to other cryptocurrencies, Litecoin is extremely fast. The LTC blockchain processes a block within 2.5 minutes, whereas Bitcoin takes 10 minutes to process each block. 

Competitive Fees

The transaction fee for Litecoin is rather low, which makes it a great digital currency to transfer value. This is one of the major benefits that Litecoin offers against other cryptocurrencies out there.

Big Market Capitalization

When we compare it with Bitcoin, Litecoin has a high upper limit in terms of the number of total coins. That is as compared to Bitcoin’s 21 million limit, Litecoin has 84 million, which is quite high. 

Highly Secure

The speed of LTC transactions makes the system less vulnerable to getting hacked or used by attackers for malicious activities. There’s only a small time-window for hackers to attempt any attack.

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Cons of Litecoin (LTC)

Questionable uniqueness

Litecoin is known for adopting the latest technologies and that’s what makes it unique. However, some voices in the industry believe its uniqueness is fading away since other cryptocurrencies, including Bitcoin, are also leveraging latest technologies for enhanced speed and efficiency.

Credibility on the line

The credibility of Litecoin is in question after Charlie Lee sold all his LTC holdings last year in December. With that, his faith and interest in Litecoin were called to question. 

Poor business adoption

The closure of LitePay has also affected Litecoin. LitePay was touted as a potential merchant solution for the investors that would work the same as Bitcoin’s Bitpay. 

Litecoin Price Prediction 2020

This 2020 is going to be a significant year for Litecoin LTC. Or so experts say. However, with the market fluctuating continuously, making a Litecoin price prediction is one of the most challenging tasks.

We have accumulated insights from leading publications and entities dealing in the crypto market. Based on these insights, you will get a fair idea of what to expect from the price of Litecoin for 2020.

#1 DigitalCoinPrice 

According to DigitalCoinPrice, a cryptocurrency prediction website, the Litecoin price might reach $106 for Litecoin by the end of 2020.

#2 Coin Price 

Coin Price, another cryptocurrency prediction website, predicts that the Litecoin price might grow as high as $124 by the end of the year. This is another very positive prediction.

#3 Long Forecast 

Long Forecast says that based on their research, Litecoin price might reach $55 as the year ends. This site takes a more cautious bullish approach than the above mentioned. In fact, Litecoin has already touched this level in January 2020.

#4 Wallet Investor

Wallet Investor in known for projecting conservative price Litecoin predictions. This site’s analysts believe the coin might reach a value of $22.95. Following this scenario, the Litecoin price will eventually turn downside and trim nearly 50% of its value.

#5 Trading Beasts

Based on the technical analysis performed by Trading Beasts, the price forecast 2020 of Litecoin LTC is around $47 by the end of 2020. They also said that Litecoin is going to be good for investment in the long run.

Overall, there are high possibilities of Litecoin LTC succeeding in 2020.

Litecoin Price Prediction 2021

Many believe that following the halving, the Litecoin price will soar in the coming years. Experts say that the future looks bright for LTC with all the partnerships and integrations.

Based on the keenness and enthusiasm of the Litecoin community that comes with all the upcoming developments, keeping the enthusiasts and investors updated, it can be said that the currency will rise upwards and give a tough competition to other cryptocurrencies. 

As far as the Litecoin price prediction 2021 concerns, cryptocurrency analysts see the price aiming at a whopping $600 by the end of that year.

Litecoin Price Prediction 2025 

Since Litecoin LTC will be halving in 2023, the block reward will be cut to 6.25 LTC. The halving will most likely promote investments in expectations of a higher value. According to industry experts, LTC might shine ahead of its peers to become one of the most traded cryptocurrencies. By the end of 2025, the value of the coin is seen at $1200. 

The Bottom Line

Our LTC price prediction is primarily bullish. We believe that LTC will not lose its popularity. And if there are any difficulties in the Bitcoin network, it might clear the path for Litecoin to become a go-to entity for investors and enthusiasts.

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