Litecoin is one of the most important cryptocurrencies created in 2011 by Charlie Lee. The currency used important technologies that were later used in bitcoin and other cryptocurrencies. However, LTC is suffering from an uptrend, which hurt its price. What can be expected from the price of LTC in the future and what will increase it? Read in our LTC price forecast for 2019, 2020, 2025 and 2030.
What is Light Coin?
First of all, LightCoin (LTC) is a peer-to-peer network with cryptocurrency of the same name. With this cryptocurrency you can make fast payments around the world. As of now, it is clear that LTC is a light version of BTC. LTC is a bitcoin fork based on the same code. Developer Charlie Lee points out that LTC is not created to compete with digital gold, but to solve its problems and create faster, lighter and better encryption.
LTC blockchain value
So what is the difference between BTC and LTC? What makes LightQueen valuable to the crypto and blockchain industry? After that, changes were made to LightQueen regarding the extraction algorithm, transaction speed and number of coins:
Improved capacity. In order to solve the network scaling problem, LightQueen uses SegWit software algorithm. They were the first to implement this technology. The problem with the Bitcoin shopping network is that due to the limited block size (only 1 MB), cryptographic operations are very slow. Therefore, the Light Coin network has a much higher capacity than its previous Bitcoin predecessor.
Fast block production. The production speed of new blocks has also increased. If a block is generated in Bitcoin in 10 minutes, then in LightCoin it will only take 2.5 minutes. That is, the difference is four times.
Smaller trading queue. The speed of confirmation of transactions has also increased significantly. There are cases where Bitcoin network users had to wait for hours or even days for this operation to be confirmed.
The developers immediately set the limit for the cryptocurrency mine - 84 million coins. It is logical that when the number of coins stops growing and a deficit forms, their value grows naturally. Provided, of course, that they are still in demand by then.
Light Coin Price History
The coin was launched on October 11 and was very low in price, about $ 3 for a long time. Only in November 2013, we can see the first significant price movement. LTC climbed three times higher and became $ 40 in a few days. These days, bitcoin has risen to $ 1,000 and then returned to its previous levels, so LightCoin completely followed the price movement. However, LightQueen fell to $ 10 in May 2014 and then to $ 3 per coin in October. After correction, the cryptography was traded for three years, between $ 1 and $ 4, until 2017.
In March 2017, LightQueen announced the launch date of its SegWit protocol, which affected rates and coins of $ 16. In May, LTC launched a protocol that raised its price to $ 30. The team also developed a lighting network that paid more attention to coins. LTC will later reach $ 70 in September and then return to $ 40. However, the overall market was bullish and Bitcoin set a new price record. So in December 2017, LightQueen reached $ 100 per coin and in mid-December even $ 350.
We are now in a downturn, the whole market is red so for most of 2018, the LTC price chart shows a downtrend. Only in February and April did the coin try to break this trend but could not resist the market for a long time. At the end of 2018, it finally stabilized and began to shift.
In 2019, LightCoin continued to rise in price, and in June, when Bitcoin was over $ 12,000, the purchase of LightCoin reached $ 130 per coin. LightQueen also plays a role in the second half and contributes to higher bounce rates. This correction was then made, so today the price of Light Coin is about $ 62.
What can determine the future price of LTC?
You have probably already noticed that the price of Litecoin follows the price of Bitcoin. If we look at the price charts of both digital currencies, we find that they are almost the same.
The only explanation could be that LTC is the grip of bitcoin. Their code is very similar - this causes both coins to move in the same direction.
The second factor that affects the price of digital silver is new technologies. LightQueen was at the forefront of new and relevant technologies. He was the first to implement the SegWit protocol, and nuclear exchanges implemented the lighting network. All of these technologies can revolutionize the field of cryptographic payment.
Another important factor in price is that LightQueen is designed as a payment tool. This coin is widely used by various businesses and merchants around the world. You can pay with LTC for clothes and furniture, art and collectibles, health and beauty services, etc. The full list of merchants can be found on their official website. New stores and services that accept LightQueen may also have a positive effect on the price of cryptocurrency.
Light Coin Price Forecast
LTC price forecast for 2019, 2020, 2024 by WalletInvestor
WalletInvestor forecasts long-term negative LTC prices and expects to reach $ 40 per coin by the end of 2019. For the next six months, LightCoin sales will range from $ 20 to $ 40. It is gradually falling in July 2020 and will reach $ 4 in August 2020. December will be a good month for crypto and LTC will reach $ 25.
In the next 4 years, Litecoin will repeat the previous price movements but the trend will be negative. As a result, by the end of 2021, LTC will be $ 10, in 2022 - $ 3, in 2023 - $ 2, and in 2024 - $ 2.
LTC price forecast for 2019, 2020, 2025 by DigitalCoinPrice
DigitalCoinPrice provides an average price forecast for LightCoin. The coin will gradually grow to $ 70 by 2020. There are several price drops each year, but the trend is positive:
In 2020 - $ 89
In 2021 - $ 90
In 2022 - 101 dollars
In 2023 - $ 95
In 2024 - $ 93
In 2025 - $ 106
LightQueen price forecast for 2019, 2020, 2021, 2022, 2023 by LongForecast
LongForecast estimates that by the end of 2019, Litecoin will be around $ 40 and will fluctuate from $ 30 to $ 50 next year. In 2021, LTC will continue to decline and will cost around $ 20. 2022 will be a year of growth, with rates rising from $ 18 to $ 46. The uptrend will continue in 2023 and Light Coin will reach $ 58 in December.
LTC price forecast for 2019, 2020, 2021, 2022 by TradingBeasts
TradingBeasts does not see Litecoin as a good asset for the next 3 years. Currently in December 2019, the coin will drop to $ 53 and will drop to $ 47 for the next two years. The only sudden price pump in July 2021 will reach $ 69 that month, but will continue to fall after that. In 2022, the situation will improve and LightQueen will grow from $ 47 to $ 56 by the end of the year.
Light Coin price forecast for 2019, 2020, 2025, 2030 by CoinPrice Forecast
According to this long-term LTC forecast, currency cryptocurrencies will grow over time and achieve great results. They believe that Litecoin will reach $ 600 by the end of 2019. Knowing that LightQueen follows the BTC price, we can worry about such a result in the future.
In 2019 - $ 66
In 2020 - $ 124
In 2025 - $ 386
In 2030 - $ 595