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Altcoins
Can Litecoin (LTC) attain a price mark of $10k in 2020?
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
The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.
Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?
Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.
The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.
Stellar Lumens (XLM): Cheap coin, and massive market to grow
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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018. Even if that comes to fruition, my advice over the past year remains the same. Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency. One company that meets both of those requirements is Luxcore (LUX).
What is Luxcore?
Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products. The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings. One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.
Exciting Roadmap for 2019
As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent. Luxcore certainly meets that requirement with the introduction of their most recent roadmap.
The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project. With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.
Since many crypto projects have inevitably disappointed the market, offering…
XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.
Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.
XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.
However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.
XRP price performance and predictions
As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…
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