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Can Litecoin (LTC) attain a price mark of $10k in 2020?

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Litecoin as a digital asset that attracts more users to its network due to the fact that it is cheap, fast, and reliable. It is often regarded as a better choice than Bitcoin. Litecoin has gotten the media attention, and as a result, lots of investors want to invest in it.

After a few years of being at the top with other top cryptos, Litecoin is poised to breakout from its current status – but there are so much efforts to be put forward by the team behind it. The cryptocurrency currently stands at $55.55 at the time of writing.

Can LTC Reach $10,000 by 2020?

In November 2017, LTC was trading at $100 per coin. The next month (December), LTC traded much higher as its price surged to $331 per token. Nevertheless, this year has witnessed severe dips not only on Litecoin alone but with other altcoins.

Probably, one of the effects on LTC’s price is due to the market activities of Bitcoin (it’s a fork of Bitcoin, and as like all other cryptocurrencies on the market, Litecoin hasn’t succeeded in decoupling from BTC). With Bitcoin staggering hitting lows of $6000, LTC also has its price going back and forth, hitting the price range of $50-60.

We shouldn’t forget that this year, BTC’s worth increased by 1300%, while LTC’s value had a meteoritic rise and as a result, the crypto spiked by 2400%. As we have witnessed before the end of last year, LTC is gradually recovering from the price dips as Bitcoin is.

Moving forward, despite the fact that LTC is slowly recovering from the pull-backs, it has the potentials to attain $1000 before 2018 closes and also reach $10,000 when we land in the year 2020 – but this all depends on some factors, according to Forbes.

First thing first, Bitcoin’s future growth and spikes would play a key role. It is important to know that a positive turnaround from the world’s leading cryptocurrency, Bitcoin, would positively affect LTC on a right side. This is primarily due to the fact that if there are more trades on Bitcoin’s network, it boosts transactions and then, positive things follow for other altcoins, especially Litecoin.

Secondly, a high mass adoption of Litecoin’s protocol could also affect the price of LTC. Since Litecoin is considered similar to Bitcoin – but faster and cheaper than Bitcoin, it can cause an increased effect on the price of Litecoin on a long-term.

Last but not the least, is the determining factor of Coinbase. We do know that Coinbase is one of the leading crypto exchange in the crypto market today; however, an inflow of investors on Coinbase can also have a positive effect on Litecoin price in the long-term.

Conclusion

Litecoin has better usability compared to Bitcoin. Most investors use Litecoin as a standard for most blockchain dealings such as smart contracts, and so on.

However, Litecoin has the possibility to hit the bulls before the end of this year and on a long-term. If you are confused about investing in Litecoin, then, it is essential that you look at its price and value on long-term. Litecoin is poised for a breakout, and we should not be surprised if we see the bulls kicking earlier than forecasted.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Adrian Curiel on Unsplash

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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