In comparison, Litecoin cryptocurrency transactions take only about 2. Litecoin is also cheaper to use than its older brother. While litecoin is one of the 16 most valuable cryptocurrencies by market capitalisation, some investors only see ether as a true alternative to bitcoin. This means that litecoin often gets lumped in with the other altcoins, such as XRP. LTC may be liquid but the number of people investing in litecoins is shrinking relative to the rest of the market.
LTC is losing market share as the digital currency universe expands. During the bullrun litecoin ended the year as the fifth largest crypto by market capitalization. Will litecoin rise if its market share keeps falling? The answer is not clear. On 20 December , LTC founder Charlie Lee announced in a Reddit post that he is selling and donating his entire holding of litecoin, explaining that the decision was due to a potential conflict of interest because by owning the crypto and tweeting about it, he could accidentally manipulate the market.
In the world of traditional finance, a founder selling all their interest in an asset would be a clear danger signal for investors. In comparison bitcoin soared by The latest as of 29 November data from CoinCodex shows 22 technical indicators giving bullish signals and ten pointing to the bearish side.
The product comparison website Finder polled 42 fintech specialists on the topic of litecoin projections. The litecoin halving event is due to take place in August Typically these types of events herald rises in crypto values, but the mid-term outlook for litecoin seems to be downbeat. Always use your own judgment and research before making any trading or investing decisions.
And never invest more than you can afford to lose. Litecoin has numerous advantages, such as its high liquidity, short transaction time and relatively cheap transaction cost. Its brand awareness is still lagging, however, and its market share is declining. Note that cryptocurrencies are volatile instruments and forecasters often get their predictions wrong. Our Global Offices. Indices Forex Commodities Cryptocurrencies Shares. For traders. Analysis Insights Explainers.
Webinars Economic calendar Capital. Professional clients Institutional. Learn to trade. The basics of trading. Glossary Courses. Popular markets guides. Shares trading guide Commodities trading guide Forex trading guide Cryptocurrency trading guide Indices trading guide ETFs trading guide. What is a margin? Viktor Prokopenya Capital. Our Global Offices Is Capital.
Compliance Careers Media Centre. Referral programme Partnership Programme. Support center. Capital System status. Get the app. Log In Trade Now. My account. Litecoin LTC price prediction: back to all-time highs? Aaron Woolner. As per experts the price prediction of Liteclin LTC might continue the gradual upward trend. The next Litecoin halving is expected to take place in August which could see many traders buying up LTC before the big day and which could inflate prices, but likely not too massively.
Usually, it takes a while months for prices to really jump up. In , at some magic point, we should start to see the effects of the halving taking place. It is super hard to predict when this could happen and by how much LTC could increase from it. On top of this, Bitcoin will have a halving sometime around in spring which could act as a catalyst for LTC to really start increasing in price, and it might not be so absurd to see Litecoin doubling or even tripling its prices.
But if adoption continues to increase by this point, that prediction could be very low. Litecoin has huge growth expected in the upcoming years. The price horizon is pretty bright for Litecoin. The below prediction figures outline some of the Potential high and low of Litecoin LTC price prediction forecasts in , , , and offered by technical analysts and industry experts. In fact, its performance over the last few years has often been described as disappointing.
From the graph above, which is taken from CoinMarketCap, we can see that the price of LTC settled towards the end of — after investor interest peaked in when Litecoin first went live. Litecoin was no exception. This was mainly due to the financial crash caused by the coronavirus in March.
But not long after that, LTC and most other cryptos were on a steep decline and it looked like the run was very much over and we had entered a bearish period. But not all experts agreed. Firstly, though LTC had lost a lot of value, it had still gained a significant amount since the beginning of the year and was still trading at a higher price than most of its existence. The price of every cryptocurrency is affected by a range of internal and external factors.
This will enable you to monitor cryptocurrency trends and hopefully predict breakout investment or trading opportunities in the future. The relationship between supply and demand is the number one factor which can affect the price of a cryptocurrency. In short, if the demand for a crypto is greater than its supply, the price of the asset will increase.
If the supply is greater than the demand, then the price will fall. There are all kinds of factors which can influence both the demand and supply of Litecoin. Like Bitcoin, Litecoin undergoes the process of halving or halvening. This is perhaps the greatest similarity that the asset shares with its one-time parent currency.
When Litecoin was first launched, this reward for mining new blocks was 50 LTC. Today, this reward has been slashed to Halving happens after roughly , blocks are mined, something which happens approximately every four years. The next halving is scheduled to take place on 6th August This means we could see the price of Litecoin increase towards the latter half of When Bitcoin embarks on a bullish run, analysts have noted that it tends to bring the rest of the cryptocurrency industry along with it, resulting in a market-wide explosion.
Litecoin can be particularly sensitive to changes in the price of BTC. This is because they are both first-generation cryptocurrencies, meaning that many investors will have bought into both assets. As a Bitcoin hard fork, they also share various similarities when it comes to the underlying technology. When confidence in Bitcoin is high, it sparks renewed interest in related altcoins.
Players can make in-game purchases using LTC, causing the number of network transactions to increase massively. In fact, the Litecoin Foundation reported that the release of the game caused the number of transactions to triple within its first week. The site has stated that if Litecoin launches more games on its platform, this could drive up the price of LTC, attracting more investors to the asset. The cryptocurrency market is famously volatile and notoriously difficult to predict, especially after a dramatic bull run.
But the good news is that the updated predictions are optimistic about the short and long-term prospects of Litecoin LTC. Has this article given you the confidence you needed to start investing in Litecoin yourself? There are no management fees or other hidden costs involved.
You can get invested with Litecoin in three simple steps with eToro. Note that most other brokers and exchanges have similar processes. Step 1. This is to prevent fraud and to comply with anti-money laundering laws. Step 2. But do check before you sign up because there are several countries with much higher minimum deposits!
Step 3. Now we can start buying LTC. Finally, you can choose your terms and buy your LTC. Several price forecasters believe it is possible, though they do not all agree on when it could happen. Most likely this could take place between and According to crypto research, this could happen after a third bullish uptrend in With the crypto market heating up again after a period of stagnation following the bull run, it could indeed be a good time to buy Litecoin.
According to the predictions, the asset could have strong long-term potential, and factors such as the newly released LiteBringer game have boosted its reach. Litecoinn has proven to be a very good investment so far, with the price expected to increase further in the long run. According to experts, the value of LTC asset looks bright, Litecoin might prove to a wise investment.
Litecoin is a low-risk investment with lots of potential rewards. It seems highly probable that the price of Litecoin will go up throughout the next 5 years. Based on previous Litecoin halvings, LTC could effectively triple in value at the next halving in Bitcoin Price Prediction Forecast. Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk and Past performance is not an indication of future results.
Продолжительность. With atomic, you can easily purchase ltc, btc, eth, xrp, bch and hold + coins and tokens in one place where only you control your funds. A good idea, you can trade in the ltc currency, with a small amount If you want to make good money in the long run, I advise you to use.