Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Litecoin Forum => Topic started by: sulphur007 on April 09, 2020, 03:19:08 PM
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Litecoin, which has gained more than 330% since the beginning of the year, is outpacing all its crypto peers, including Ether and XRP, as well as the best-known and largest token Bitcoin. It has a market cap of about $8.4 billion, making it the seventh-largest digital asset, according to data compiled by Mosaic Research Ltd.
The rally can partly be attributed to Litecoin’s upcoming halving (also known as halvening), whereby the number of coins awarded to so-called miners is slashed by 50%. The idea is that a cut in supply will not only drive up its price but will also prevent an erosion of value. Miners currently receive 25 new Litecoins per block, but following the halving -- which is expected to fall on Aug. 6 -- they will receive 12.5.
Halving typically happens roughly every four years and the run-up to it has, in the past, coincided with a rally in the underlying tokens. Four years ago, when the last litcoin halving occurred, the coin gained about 60% in the three months beforehand, according to data from coinmarketcap. And the phenomenon isn’t isolated to Litecoin, either -- Bitcoin is set to undergo its next halving in May 2020 and its biggest proponents are already seizing on the drop in supply as a catalyst for further gains.
“Every time we’ve seen a halving event in Bitcoin or Litecoin, the price has risen astronomically,” said Mati Greenspan, senior market analyst at trading platform eToro, in a phone interview. “So if that pattern continues, what we’ve seen so far is small potatoes in comparison,” he said. “This is quite normal for the crypto market.”
Cryptocurrencies are undergoing a renaissance this year on the back of wider acceptance from mainstream institutions and increased attention from Wall Street. E*Trade Financial Corp. is said to be reading cryptocurrency trades on its platform, as is Fidelity Investments. AT&T Inc. now lets customers pay their bills using digital tokens, the first U.S. carrier to do so. And among the most anticipated developments is an upcoming announcement from Facebook Inc., which is reporyedly set to release more details on the basics of its own digital token.
These developments, among others, have pushed up the price of Bitcoin by 120% since the beginning of the year. Ether, too, has gained close to 100%. Litecoin, which was trading below $30 at the end of last year, is now worth $130.
The elements behind the rally “are justifiable and real and factual,” said David Tawil, president of crypto hedge fund ProChain Capital. “It’s just a question by how much does it gain?,” he said. “Is it reasonable to think that this halving, this catalyst, should allow the Litecoin to reach its previous highs? I think so. I think it could.”
But the recent resurgence in digital assets is masking an unwelcome reality: relatively few are using Bitcoin, the world’s largest cryptocurrency, for anything other than speculation. Merchant transactions account for only about 1.3% of economic activity, according to data from Chainalysis Inc., a number that’s stayed little changed even over the boom and bust cycles of the prior two years. Huge upswings or downswings in prices from day to day -- which isn’t uncommon in the crypto world -- make it difficult to utilize for things like bill paying or even to purchase a cup of coffee.
That begs the question: if hardly anyone is using the world’s largest cryptocurrency, then who’s using Litecoin?
After peaking in January 2018, Litecoin transactions are down dramatically, falling about 84% since the peak. They are up since the beginning of this year, however. And transaction fees in Litecoin have been unpredictable, jumping 10-fold in late May before dropping again, according to bitinfocharts. Such volatility can make developers hesitate to create apps for this blockchain, as a jump in fees can impact usage.
Litecoin “only thrives if Bitcoin is valuable,” said Aaron Brown, an investor who writes for Bloomberg Opinion. “It’s an established, convenient transaction currency well suited to a world in which Bitcoin is the store of value. I don’t think it has much value in a world in which Bitcoin prices are low.”
Litecoin’s founder, Charlie Lee, cashed out of all of his holdings at the height of the digital asset bubble in 2017 when the token was trading for about $375. It was a prescient decision -- Litecoin lost almost 90% of its value the following year. Lee, who founded the coin in 2011, said at the time that he sold or donated all of his holdings and that the liquidation was aimed at preventing a “conflict of interest.”
Critics accused Lee of recognizing the frenzy around digital assets and cashing out ahead of a severe decline. Lee told Bloomberg News at the time that he was turning his focus to increasing use by merchants. Representatives for Litecoin didn’t comment.
But now, with 53 days to go, Litecoin fans will continue to count down until the halving. “It’s a good potential trading opportunity,” said Tawil. “I don’t think it’s important in the broader fundamental development of crypto. To us, that’s much more important.
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If you observed the price chart of Lightcoin history, you will see that its highest price was $350 and now only $40. Is it possible to reach the previous high peak point? $10000 will be impossible in 2020 but in the long run, it can reach if BTC hit $50000 or higher.
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No, it's really far from that, maybe not even Bitcoin will reach 10k, LTC have a long way to achieve that and looks like that the development is quite slow.
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It's not possible in this year today litecoin price is $47.76 and it reached highest price is $320 so far. Actually it's not possible because if BTC reach 1million definitely we can expect this price level for 1ltc.
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I think it is difficult Litecoin will reach $10,000 in this year.But I hope the price of Litecoin will goes upto $250 by the end of this year.now ltc price is increasing day by day so now is the best time to hold.
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I do not think litecoin will cross $10,000 in 2020. Its litecoin will have to wait a long time and this will be possible only when bitcoin crosses $50,000.
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I think its impossible in this year today litecoin price is $45 if litecoin will reach $10k that's very big good news for LTC investors but there is no good sign to up this level but LTC profitable investment this year so keep follow this coin.
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I think its impossible in this year today litecoin price is $45 if litecoin will reach $10k that's very big good news for LTC investors but there is no good sign to up this level but LTC profitable investment this year so keep follow this coin.
I agree mate. I think It is impossible litecoin will reach $10.000 at this year 2020. In my prediction litecoin will reach at $100 at this year, It is a good thing. I think litecoin is very potential coin.
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10,000 USD is a huge value and even for Bitcoin now it has not reached that value.
But there is always a miracle for LiteCoin if he is already in the world of cryptocurrency and this is something we must believe in.
Now LiteCoin is under 100 USD and maybe later LiteCoin can break the price of 200 USD or even more next years .
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I think $10k too high price so this is impossible in short term , I think this year litecoin will start to recover so this year just buy in low price then hold until you earn profits but $10k bad idea.
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It's not possible in this year today litecoin price is $47.76 and it reached highest price is $320 so far. Actually it's not possible because if BTC reach 1million definitely we can expect this price level for 1ltc.
I agree mate. Litecpin today is $ 44, I think It is impossible litecoin will reach at $10000. Maybe litecoin will reach at $ 500 at the end of this year when the bull market is coming. I see litecoin is recovering slowly now. I think It is the reality fact.
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This month bitcoin already reached $10k this is the good signal to pump although still litecoin price is $45 so how is it possible $10k in this year but this is the potential altcoin to buy and hold although I think $10k impossible in this year.
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Litecoin is potential altcoin in cryptomarket still this coin is following BTC market although this not a competitor of BTC so $10000 is just imagination in this year but litecoin price will increase again in this year so my prediction of this year litecoin price is $100-250.
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$10K USD per litecoin till end of 2020 , this is looking impossible . Because litecoin is at nearly 50 USD in market , I think that even in upcoming 5-6 year litecoin didn't touch $10K .
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I don't think Litecoin will reach $10,000 in 2020. But I hope the price of Litecoin (LTC) will reach $100 -120$ in this year.also now the Litecoin price is $47 so I think the present value is best for investments in Litecoin.
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Litecoin is potential altcoin this is the popular altcoin today it's price is $41 and it's market capitalization is 2.7 billion but I don't see any signs in this coin to hit $10000 in this year , definitely I can say it impossible but litecoin will cross $100 so my prediction in this year $100-150$ .
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It seems absurd to predict the price of Litecoin at $ 10,000, if Litecoin can exchange with Bitcoin now, it might be able to touch the price of $ 10,000. Litecoin is a good investment for the long term, the highest price is $ 350, maybe if the cycle could happen again Litecoin prices could be around $ 500, but not this year.
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I don't think Litecoin will reach $10,000 in 2020. But I hope the price of Litecoin (LTC) will reach $100 -120$ in this year.also now the Litecoin price is $47 so I think the present value is best for investments in Litecoin.
Yes I think It is impossible mate. Litecoin price is $ 61 . Many investors have predicted litecoin will touch at $ 100-250 at the end of this year. So, I don't think litecoin will reach at $10 k. Maybe It will happen at the next several years again.
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To be honest with you guys, Litecoin already reached $100,000 and $$1,000,000 in our very imagination and own prediction. But the actual scenario is different, Litecoin is under the process to move upward. Litecoin value before 2020 end would be $150 - $300 not $10,000.
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Litecoin price will never be $10,000. Because if the price of 10,000$ litecoin. The price of Bitcoin and other altcoins will lose control. Can't lose control. That is why it will not increase so much. I think the price of litecoin in 2020 could be up to 100$ -120$ This is what we can expect. This is not a very large amount. This price is likely to be. There are many more traders at present. Those who trade litcoin. There are many more holders. The coin is a little lower price. There are more holders in those coins.
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I think this year this is too difficult but it will possible in future still LTC is potential altcoin although at this moment the price of the litecoin is $57 also the cryptomarket has started to recover thus this year LTC will cross $100 it will continue in next year.
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The prediction you explained is looking technically ok but its quite impossible to gain the mentioned price in this year end. The price is now 57$ at my last notice si isn't the price you mention is huge. Ltc is a good coin but still they dont have any update news so it's tough to say the price will go so.
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The prediction you explained is looking technically ok but its quite impossible to gain the mentioned price in this year end. The price is now 57$ at my last notice si isn't the price you mention is huge. Ltc is a good coin but still they dont have any update news so it's tough to say the price will go so.
It seems impossible for Litecoin to reach that lambo price, but the door to massive pump is not close. In fact there is always a possibility to make it happen as long as litecoin is in the market. There is bright future in Litecoin.
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i don't think it will reach to $10k. if we analyze the market price of this coin today. we can clearly say its impossible to reach to that level. even at $500. its not possible. currently it traded at $54. how can this coin jump to $10k if you predict at that price. its purely impossible to happen.
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I think it is not possible at this moment. As we know the highest price of the coin is approximate $360. So how to it is possible to reach $10000 in this year?
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10,000 USD is a huge value and even for Bitcoin now it has not reached that value.
But there is always a miracle for LiteCoin if he is already in the world of cryptocurrency and this is something we must believe in.
Now LiteCoin is under 100 USD and maybe later LiteCoin can break the price of 200 USD or even more next years .
Agree with you mate. I also don't believe LTC will hit $10000. It can break the psylogical level of $200 highest in the near future whether it is present year or next year. We have to believe and analyze the reality of the market before predict.
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I think it is not possible at this moment. As we know the highest price of the coin is approximate $360. So how to it is possible to reach $10000 in this year?
Don't believe easily the prediction. It is too much to say $10,000 per Litecoin this year. The prediction doesn't have a reliable basis of information. Even it is possible but pretty sure it will not happen this year.
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I don't think Litecoin will reach $10,000 in 2020. But I hope the price of Litecoin (LTC) will reach $100 -120$ in this year.also now the Litecoin price is $47 so I think the present value is best for investments in Litecoin.
Yes I think It is impossible mate. Litecoin price is $ 61 . Many investors have predicted litecoin will touch at $ 100-250 at the end of this year. So, I don't think litecoin will reach at $10 k. Maybe It will happen at the next several years again.
yes this year it is impossible but litecoin is still potential altcoin this is the best for long term investments today the price of the litecoin is $49 I'm already invested in this coin also I'm predicted this year litecoin will touch $100-$150 so keep holding my litecoins.
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This is not the realistic prediction of the coin. We know the high price of the coin is approximately 357 so at this time $10000 is not realistic. Especially in 2020 is impossible.
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i don't think it will reach to $10k. if we analyze the market price of this coin today. we can clearly say its impossible to reach to that level. even at $500. its not possible. currently it traded at $54. how can this coin jump to $10k if you predict at that price. its purely impossible to happen.
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Today the price of litecoin is $ 74 but this year litecoin already touched $95 still the performance of litecoin is better in the cryptomarket lots of investors holding this coin for long term investments today litecoin is fifth place in the cryptomarket actually the price of litecoin is low now so my prediction next year litecoin will be crossed $200 but $10 k impossible in this year .
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Thank you brother you have created a very beautiful topic. From which I learned a lot and understood a lot about it. Thank you brother
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This is really impossible for litecoin as well for other premium coin like Etherium , I still have good investment in litecoin that's I plan to invest for long-term. Already 2020 is come closer to end . Litecoin is still tradble on $80 , this is impossible to touch $10K in 2020 .
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I think it is impossible litecoin will not touch $10000 in this year this is almost end of this year today the price of litecoin is $108 there is no chance the price of litecoin will go to down so this year litecoin may touch $120-$150 this is a short term target .
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I think it is impossible litecoin will not touch $10000 in this year this is almost end of this year today the price of litecoin is $108 there is no chance the price of litecoin will go to down so this year litecoin may touch $120-$150 this is a short term target .
I agree , It is really impossible, litecoin will touch 10k USD. Every one know litecoin price is 122 USD today. Maybe OP not learn the litecoin progrees on market . I think Litecoin will touch around 150-200 USD at the end of this year.
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I think all the realities for Ltc today against the background of strong competition is the price of 500 with the continued growth of the crypto market!
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Litecoin is a potential altcoin, it is popular Altcoin, CoinMarketCap estimates it is priced at $116 today. And its highest price in the past was around $350. There are 10 days left till 2020; As such, the price of litecoin cannot be $10K in any category this year,
I think it's incredible, I guess the price of Litecoin could be around $150- $200 by 2020.
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I believe that Litecoin will never reach $ 10,000, and the reason is very simple. When Charlie Lee sold all of his coins in 2017 he became much richer than he already was, but it caused many people to stop believing in the project because its founder sold everything.
If, as we see now, Litecoin is gaining market volume, it is because Bitcoin has risen a lot in a very short time.
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It is very difficult to reach $1000 but possible. In crypto currency every thing is possible. We know lite coin is the stronger coin in crypto currency market. Investor always try to invest those are very active and legit coins. In this regard lite coin is one of the investors favorite coin i think. I believe that it can be reach at $1000.
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I believe that Litecoin will never reach $ 10,000, and the reason is very simple. When Charlie Lee sold all of his coins in 2017 he became much richer than he already was, but it caused many people to stop believing in the project because its founder sold everything.
If, as we see now, Litecoin is gaining market volume, it is because Bitcoin has risen a lot in a very short time.
Yes , it is true. I think litecoin will never reach 10.000 USD at 2020, because the litecoin price is $ 115 today. It is too far to each your prediction mate . I think It is impossible. Maybe litecoin will reach around 125-130 USD at the end of this year.
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If the development of litecoin is very good and more and more people are using Litecoin then of course the price will be easy to do that, it's just that for the year it may not happen in 2020 because it is approaching the end of the year.
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With an extended bull rally in 2021, we can see Litecoin in the $ 500-600 region. This is very likely and is a realistic goal that can be achieved in the spring of 2021.
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As the current market situations it can be say that the price of the coins will not reach at $10000 even not to $1000. But i believe that the future is good of this remarkable coin. We are reach at the end of this year so i think this is not realistic prediction.
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With an extended bull rally in 2021, we can see Litecoin in the $ 500-600 region. This is very likely and is a realistic goal that can be achieved in the spring of 2021.
I agree with you , I also predicted litecoun will hit 500-600 USD at the next year 2021. By seeing the litecoin progress now, I see litecoin has potential to be. Litecoin price is $ 106 today, I think It is not difficult to touch 500 USD for several months again.
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This prediction will never come to past in this year and the year to come, $1000 is a huge achievement and for litecoin to be able to achieve that it means the demand has really gone up, even though I can't seem to understand what is the actual use case of litecoin.
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This prediction will never come to past in this year and the year to come, $1000 is a huge achievement and for litecoin to be able to achieve that it means the demand has really gone up, even though I can't seem to understand what is the actual use case of litecoin.
I totally agree with you, not only will it not reach $10,000, but it will not even reach $1,000, among other things because of Charlie's abandonment and that this rally is only for Bitcoin. Honestly and with all due respect, I don't know what people see in Litecoin, Bitcoin did the same things before.
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This prediction will never come to past in this year and the year to come, $1000 is a huge achievement and for litecoin to be able to achieve that it means the demand has really gone up, even though I can't seem to understand what is the actual use case of litecoin.
I totally agree with you, not only will it not reach $10,000, but it will not even reach $1,000, among other things because of Charlie's abandonment and that this rally is only for Bitcoin. Honestly and with all due respect, I don't know what people see in Litecoin, Bitcoin did the same things before.
I agree mate, I don't believe litecoin will touch 10,000 USD . Maybe it will not even reach reach 1,000 USD . litecoin price is 106 USD today, I think It is really difficult. In my prediction litecoin will touch 125-150 USD . We will see.
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I don't think Litecoin will reach $10,000 in 2020. But I hope the price of Litecoin (LTC) will reach $100 -120$ in this year.also now the Litecoin price is $47 so I think the present value is best for investments in Litecoin.
I think It just joke, not good prediction. Maybe only hoping too much. I don't believe litecoin will touch 10K USD . We all know current price is 110 USD now, In my prediction litecoin will touch 125 USD at the end of 2020.
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I don't think Litecoin will reach $10,000 in 2020. But I hope the price of Litecoin (LTC) will reach $100 -120$ in this year.also now the Litecoin price is $47 so I think the present value is best for investments in Litecoin.
I think It just joke, not good prediction. Maybe only hoping too much. I don't believe litecoin will touch 10K USD . We all know current price is 110 USD now, In my prediction litecoin will touch 125 USD at the end of 2020.
Yes I agree mate I think It just joke. Litecoin will touch 125 USD at the end of 2021. I don't believe litecoin will reach 10,000 USD .It is too far, because the current price is at 116 $ now . I believe litecoin is very potential , but 10,000 USD is impossible.
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~ I think It just joke. Litecoin will touch 125 USD at the end of 2021. I don't believe litecoin will reach 10,000 USD .It is too far, because the current price is at 116 $ now . I believe litecoin is very potential , but 10,000 USD is impossible.
Thats right bro, I think litecoin will not reach 10K USD at the end of this year 2020. Litecoin don't have potential to hit 10K USD . I think litecoin has potential to reach around 125-140 USD . It is more possible to reach.Lets see.
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2020 will end in 4 more days bro, so never go to $10k...
maybe in the near future litecoin will hit its ATH and won't be more than $ 500. Litecoin isn't that strong for the $ 10k.
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Litecoin is a good coin for investments you can earn lot of profits from litecoin by long term investments although there is no chance the price of litecoin will touch $10000 in this year but this year litecoin likely to touch $150 so if you have litecoins hold is a good decision to earn profits from litecoins.
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Thank you brother you have created a beautiful topic. New users will be able to learn a lot from this topic. I think your topic has become very beautiful. Thank you brother
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Litecoin is a good coin for investments you can earn lot of profits from litecoin by long term investments although there is no chance the price of litecoin will touch $10000 in this year but this year litecoin likely to touch $150 so if you have litecoins hold is a good decision to earn profits from litecoins.
Of course,It is impossible. Because we all know the current litecoin price is 134 USD , I think litecoin will not touch 10k USD at this year. I think It is joke and not good prediction, too high expectation. Litecoin will hit 150-175 USD at the end of 2020.
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We are very close to end of this year 2020. At eleventh hour of this year the current price is not according to the expectations so it is not possible at this time to reach at $10000. We should follow the next year.