LTC Price Prediction: Litecoin is the 7th largest cryptocurrency in market capitalization. Like other cryptocurrencies, it has also been in the news since growing rapidly in terms of valuation and price last year. Currently, the price is at lower level after reaching its all-time high value of approximately $370 in December 2017.
However, many experts and technical analysts predicting that LTC will rise with huge margins by the end of 2018 and beyond. Take a look at experts’ analysis on LTC Price Prediction 2018, LTC Price Prediction 2020, LTC Price Prediction 2025, and the Future of Litecoin.
Litecoin (LTC) Price Today – LTC / USD
Litecoin Price Predictions 2018 and Beyond
Litecoin was developed by former Google employee, Charlie Lee, to solve the issues found in Bitcoin, such as speed. LTC performs transactions in 2.5 minutes, as compared to bitcoin which takes minimum 10 minutes, which ultimately makes Litecoin better cryptocurrency for fast transactions and payments than bitcoin.
Kelly, a Wall Street trader and the head of BK Capital Management, predicted about LTC reaching $500 mark by 2018. Kelly thinks most of the people attract to Litecoin as a great investment option because of its low fees and faster transactions.
Longforecast.com, a popular technical analysis platform that gives long-term forecasts and predictions, predicted that LTC will have trade in the range between $780 and $1374 by the year of 2020.
George Tung, a cryptocurrency analyst, predicted that LTC value will go as high as $1500.
Steemit.com, another popular technical analyst, predicted that LTC price could reach to $3500 by 2020 due to the reasons of excellent growth last year, fast cryptocurrency in terms of speed than bitcoin, and overall growth in crypto space.
Apart from above predictions, many experts also think that Litecoin price more or less depends on bitcoin, as bitcoin reaching its all-time high value of $20000 in 2017, led other cryptocurrencies reaching their peak value, and current drops in bitcoin led other cryptocurrencies like Litecoin (LTC) facing dips along with bitcoin.
Future of Litecoin (LTC)
Litecoin (LTC) provides fast transaction processing than any other cryptocurrency, especially bitcoin. Litecoin performs each transaction in less than 2.5 minutes, that is why, it has attracted several financial entities to make use of it as their payment method.
Also, the Litecoin platform has acquired German Bank to convert LTC into real currency that people can use via debit cards everywhere, on streets, restaurants, instead of being restricted to only internet and mobile transactions.
Recently, Litecoin has joined hands with SALT. SALT is the financial firm that provides people loans in the form of digital assets. They are building the bridge between crypto space and traditional financial systems without the help of banks.
As The Oofy reported earlier LTC joining the SALT Family.
All of these positive developments done by Litecoin community suggesting that Litecoin is going to be most popular cryptocurrency in the future.