Bitcoin Cash (BCH) Price Prediction 2020, 2021, 2023, 2025 & 2030
With less than three years in the cryptocurrency market, Bitcoin Cash (BCH) has continuously proved its great investment potential for traders and investors alike. Since it first appeared, this cryptocurrency has reached the 5th position in the market based on its market cap.
With less than three years in the cryptocurrency market, Bitcoin Cash (BCH) has continuously proved its great investment potential for traders and investors alike.
Since it first appeared, this cryptocurrency has reached the 5th position in the market based on its market cap. It’s currently only behind Bitcoin, Ethereum, XRP, and Tether with a market cap of $4.1 billion.
What’s more? Bitcoin Cash is predicted to keep skyrocketing over the next couple of years. In the article below, you’ll find the most recent Bitcoin Cash price predictions 2020, 2021, 2023, 2025, 2030.
What is Bitcoin Cash?
Bitcoin Cash (BCH), also known as Bcash, is a fork of Bitcoin (BTC) created on August 1, 2017. While BCH is similar to its parent currency in many ways, some technical aspects make them very different.
Just like Bitcoin, Bitcoin Cash is a peer to peer crypto, which implies it can be directly sent to anyone and anywhere in the world without the need of a third-party intermediary. As for the differences between Bitcoin Cash and Bitcoin, there are two big ones:
Both cryptocurrencies have their own value
Bitcoin Cash boasts a larger block size, which results in faster transfers and lower transaction fees compared to Bitcoin
Due to these differences, many people think of Bitcoin Cash as some sort of digital cash, while the good-old Bitcoin is typically associated with the term ‘digital gold’.
Now, for those of you wondering why the currencies had to be split, Bitcoin Cash was born out of the idea of making Bitcoin a more practical cryptocurrency for day to day transactions.
Around May 2017, Bitcoin payments were taking more than 3 days to go through, unless one was willing to pay a significant fee. The Bitcoin community then agreed that the transaction charges were too high for little transactions and so a hard fork had to be implemented to divide the currency into two.
Bitcoin Cash Price Analysis
BCH Technical Analysis
Bitcoin Cash has been posting solid gains lately. As of the writing of this article, Bitcoin Cash’s chart shows that the coin’s current price is trapped between the $200 to $280 price ranges. But when buyers inevitably force a breakout above the range, then a large directional move is assured to take place.
In regard to the medium-term price trend, Bitcoin Cash has been focused on overpowering the sellers hauled up at the $250 price level after successfully tacking the resistance at $240.
That said, a temporary high has already been attained at $245 and that has momentarily put a stop to the currency’s bullish momentum. On the other hand, the coin is also trading above the 50-day simple moving average (SMA), which is a key indicator that buyers aren’t done with the upside.
At this point, it’s apparent that a break through the 2nd resistance zone ($250 mark) and 200-day SMA at the 3rd resistance zone ($270) will give the upward momentum the boost it requires to shoot past $300.
Bitcoin Cash traded close to the $500 mark in February 2020 and it is still showing potential to recover to those higher levels. Wait… Are you feeling lost on technical ground?
If you’re not familiar with how to execute technical analysis, here’s what you need to know. The analysis can be divided into two different categories, namely the quantitative form and the qualitative form.
The quantitative form will allow you to analyze past charts through a time frame analysis and construct trading signals, whereas the qualitative involves analyzing charts and trying to identify data patterns.
The main thing that sets the two apart is that, when using a specific trading rule, qualitative technical analysis is completely subjective and traders might reach different conclusions after using the same chart, but quantitative technical analysis is objective and each trader should reach the same conclusion.
Before moving forward, here are some of the most popular technical indicators out there. The Bitcoin Cash BCH price predictions below use a combination of these to determine a possible price.
Moving average (MA)
Exponential moving average (EMA)
Stochastic oscillator
Moving average convergence divergence (MACD)
Bollinger bands
Relative strength index (RSI)
Fibonacci retracement
Even though technical analysis is extensive, it’s not always enough. You’ll be at a bigger advantage if you use fundamental analysis as well and pay attention to news forums and streams.
BCH Fundamental Analysis
Bitcoin Cash relies on a wide array of complex systems that range from game theory and economics to computer science, cryptography, and advanced mathematics.
Unlike conventional currencies where policies are decided by the FOMC with pressure from elected officials, Bitcoin Cash benefits from a huge amount of research put into applied cryptography, tens of thousands of software engineers updating code, and is always undergoing a rapid evolutionary process.
As we all know, companies that don’t innovate will eventually lose their edge and get overtaken by competitors. As for Bitcoin Cash, you can rest assured it’ll keep evolving technology-wise.
For small and middle-sized investors, fundamental analysis would largely focus on Bitcoin Cash news, specially those related to BCH mining, network updates, and other events that might affect the Bitcoin Cash Price. For example, the Bitcoin Halving 2020 event.
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Bitcoin Cash Price History
When Bitcoin Cash first hit the market in August 2017, it was going for $200 but in less than a month, the price had skyrocketed to $550 thanks to a lot of interest from avid crypto traders around the world.
Most traders were actively seeking a new Altcoin they could use to make money and Bitcoin Cash mining convenience delivered just that. That said, the subsequent market correction in November cut the coin’s value by 30 percent (even though the next growth phase started right away.)
The release of the coin’s official software and getting listed on leading crypto exchanges around the world pushed the price to $1000. And not long after that, Bitcoin Cash hit its all-time high of $4355.
The dark period of the crypto realm started around December 22, 2017. On that day, each crypto (including Waves, Bitcoin, and more) started losing its position and Bitcoin Cash’s price fell to $1000.
By the beginning of May 2018, Bitcoin Cash had started picking up again and its price rose to $1500. But after that, the market started dipping again. A new hard fork that took place in November 2018 drove the prices even lower to an all-time low of $75.
During the spring of 2019, the price of Bitcoin Cash was trading between $130 and $170. There was a slight growth that brought the price up to around $500 in February 2020, but the prices have since dropped again.
Bitcoin Cash BCH Price Predictions
Bitcoin Cash Price Prediction by TradingBeasts for 2020, 2022
A renowned crypto-related platform has predicted that Bitcoin Cash will be at the $256 level by the end of 2020 and gradually grow to around $490 by the end of 2022.
Bitcoin Cash Price Prediction by WalletInvestor for 2020, 2024
WalletInvestor’s Bitcoin Cash price prediction points at $800 between May and October 2020 and then a massive leap to $1200 in December 2020. WalletInvestor has also stated that the price of Bitcoin Cash will play in the same ranges in 2021, 2022, 2023, and 2024, meaning it will reach approximately $1000 at the end and beginning of those years.
Bitcoin Cash Price Prediction by DigitalCoinPrice for 2020, 2025
Another crypto price prediction website called DigitalCoinPrice has predicted that the price of Bitcoin Cash will reach a maximum price of $550 in 2020 and keep rising to around $1100 by 2025.
Bitcoin Cash Price Prediction by LongForecast for 2020, 2023
LongForecast has come forward with a price prediction stating that the price of Bitcoin Cash might fall back to the $152 – $185 price range in June 2020 and keep falling to $66 – $84 by the end of the year.
The prediction goes on to state that the price will keep decreasing and only begin to improve at the end of 2022 and reach a price range of $259 – 299 by November 2023.
Bitcoin Cash Price Prediction by Smartereum for 2020, 2021, 2025, 2030
Another platform, Smartereum, thinks that the coin has the potential to reach as high as $6700 by the end of 2021. Similarly, the same platform’s five-year prediction of the price of Bitcoin Cash is around $10,000 for a single BCH.
Is Bitcoin Cash A Good Buy?
Like every other asset, investing in Bitcoin Cash has its benefits and risks, so it’s recommended to arm yourself with as much knowledge as you can before buying or selling.
And whenever you feel like you’re ready to make a long term investment commitment, feel free to give it a try. As you can see above, the BCH price prediction is quite positive.
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Best Ripple XRP Price Predictions 2020, 2021, 2025 & 2030
With 2019 behind our backs, it’s only natural to wonder what 2020 will look like for the world’s most popular cryptocurrencies. In this article, we will focus on the future of Ripple’s XRP. If you’ve been following the price of XRP lately, you would know that 2019 wasn’t particularly a great year for the coin.
With 2019 behind our backs, it’s only natural to wonder what 2020 will look like for the world’s most popular cryptocurrencies. In this article, we will focus on the future of Ripple’s XRP.
If you’ve been following the price of XRP lately, you would know that 2019 wasn’t particularly a great year for the coin. Unlike Bitcoin — which ended the year on the green side — XRP started at a quote of $0.35 and finished slightly below $0.20. So… is it the right time to buy XRP?
In order to understand the current price of Ripple XRP and its price prediction, it’s vital to look at the underlying value of this particular coin, as well as its primary characteristics and features.
What is Ripple?
First off, let’s start by speaking properly. Ripple isn’t the same as XRP. Ripple is a private company building a real-time payment, exchange and remittance network on top of a distributed ledger database, the XRP ledger.
Ripple was born in 2004 when Ryan Fugger sketched the first prototype of a decentralized payment system under the name RipplePay. In 2005, the system was initially launched with one goal: offering reliable payment solutions within a global network.
Jed McCaleb and Chris Larsen took over the company in 2012 and rebranded it as OpenCoin. From that moment, the project started to focus on developing a protocol to provide payment solutions for banks and major institutions. Three years later, the company returned to its original and current name, Ripple.
In 2019, Bank of America confirmed a collaboration with Ripple’s XRP Ledger to test the distributed ledger technology on cross-border payments.
A recent BoA report openly recognized the value of Ripple’s technology:
Bank of America isn’t the only financial institution testing out this technology. Spanish banking giant Santander also announced a remittance system to cover the busy US-Mexico powered by Ripple’s technology.
“At the other end of the spectrum, many Mexicans are sending I think $35, $36 billion every year from the US to Mexico. We are launching a fast, competitive remittances program initially just from the Santander branches to any bank in Mexico,” Santander Spokesperson Ana Botin told Bloomberg.
Santander is implementing Ripple as an alternative to the long-lived Swift system. Reports point out that over 300 banks and payment systems have started trialing Ripple’s xCurrent and On-Demand Liquidity (ODL) in 2019.
What is XRP?
Despite being only second to Bitcoin (BTC) and Ethereum (ETH), many people still aren’t aware of XRP and its origin. Ripple’s ecosystem for instant, low-cost cross border transactions uses its token XRP to move funds across the world.
Ripple has issued 100 billion XRP tokens. While the company now insists that there will never be more XRP out there, there’s no technical impediment.
The price is clearly affected by the adoption of Ripple services by major institutions. Yet, it’s worth mentioning that XRP is totally independent of the Ripple network, meaning banks that want to use the XRP ledger for remittance services don’t actually need XRP to transfer dollars, euros, rubles, etc.
Pros & Cons of Ripple’s XRP
XRP was conceived as coin that smoothes financial transactions, not as an investment. In other words, it serves as a tool within a B2B network. The development of the Ripple network, however, does play an important role when it comes to XRP predictions.
Advantages of XRP
1. Ripple’s infrastructure
The XRP protocol is led by xRapid, which enables cheaper and faster solutions than its competitors. Also, Ripple’s solid protocol makes it a highly scalable product.
Ripple’s transaction speed stands at 1500 Transactions Per Second (TPS), which is way faster than Ethereum or Bitcoin.
2. Supported by big players
Who’s behind Bitcoin? Satoshi? Who’s Satoshi? You get the idea. In most cases, there are no companies behind cryptocurrencies, which can be either good or bad. For XRP, being the token of the Ripple ecosystem isn’t necessarily a bad thing at all.
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As previously outlined, big banks and payment systems are already trusting Ripple and its technology to run cross-border payments, remittances, etc. This rising trust on Ripple’s services positively impacts the token’s overall performance.
3. Low price, huge market cap
While Ripple’s XRP isn’t meant to be an investment vehicle, you can still put money on it. After all, it only costs a few cents (for now). The low price makes a perfect entry point for small and middle size investors that can’t afford to buy huge sums of Bitcoin or Ethereum.
Another thing to keep into account is XRP’s market capitalization. Ripple has showed less volatility than other mainstream cryptocurrencies, making a more resilient investment even on the worst days for trading digital assets.
Disadvantages of XRP
1. Slow adoption
Ripple’s XRP isn’t a new coin. It has been around for quite a while now. Yet, the adoption of Ripple services hasn’t been massive. The number of large financial institutions testing out Ripple services remains limited, but there’s no doubt it’s making its way in the industry.
Unquestionably, Ripple’s XRP would benefit massively if banks and other financial players start conducting payments in XRP. To turn that into a reality, more infrastructure, technological improvements and a far wider acceptance is required.
2. Regulatory framework
Okay, let’s be fair. This isn’t really a disadvantage of Ripple’s XRP. It’s something all cryptocurrencies have to (unfortunately) deal with nowadays. On the bright side, Ripple has faced numerous misconduct lawsuits over the years, and won every single one of them.
XRP Price Prediction 2020
The 2019 crypto market marked the end of the so-called “crypto winter”, and opened the doors to a slow recovery face for most cryptocurrencies, especially Bitcoin. However, Ripple’s XRP began at nearly $0.35 and declined consistently as the days passed by without notorious jumps except for the mid-year rally pushed by Satoshi’s currency.
With Bitcoin’s halving event scheduled in 2020, the market is expecting a recovery that will likely positively affect all coins, Ripple included. For the first quarter of 2020, volatility could be high, with plenty of ups and lows as market participants digest the big event.
Apart from Bitcoin’s performance, which could possibly attract more people onto the market, another factor that would play a major role in Ripple’s price dynamic is institutional interest.
Additional partnerships with big banks and financial institutions could push XRP to around $1.40-1.50 as it approaches the end of 2020.
To estimate the future price dynamic of XRP, we’ve compiled the opinions and predictions of renowned figures and publications in the cryptocurrency market:
#1 Roman Guelfi Ripple Price Prediction
Cryptocurrency expert Roman Guelfi has painted a promising prediction for XRP, emphasizing that the number of big projects involving XRP is rapidly increasing. He strongly believes in the correlation between the adoption of Ripple’s technology and price.
Moreover, Guelfi insisted on the fact that the increasing number of altcoins on the market can only positively impact XRP and other classics like Bitcoin, Ethereum, and Litecoin.
#2 Ripple Coin News Ripple Prediction
One of the leading XRP news prediction sites estimates the price for 2020 will reach levels above $8 dollars, and find strong resistance around $10.
Again, the idea behind the growth of this cryptocurrency is mainly linked to new partnerships and the development of new technologies that enhance the already existing line of Ripple services.
#3 Investing Haven Ripple Price Prediction
Crypto prediction site Investing Haven is among focused entirely on providing price predictions for all digital assets.
Ripple’s XRP is not an exception. While the site initially went all-in for a $20 level by the end of 2020, it later corrected its statement due to the so-called “Corona Crash”. Overall, the site analysts remain bullish for XRP, but point to 2021 as a catalyst.
#4 UsLifted Ripple Price Prediction
UsLifted, another prominent XRP news predictions website, provides a more precise outcome for the Ripple price, pointing at a bullish $22.79 with a circulating supply of 38,739,145,924 XRP.
#5 D.Y.I. Investing
A renowned cryptocurrency trader known as ‘D.Y.I. Investing’ on Twitter has shared his private thoughts on the immediate future of XRP. In his view, Ripple’s coin might enter in a bullish cycle in 2020, leading the price to an upward extension up to $28.
XRP Price Prediction 2021
Rating agency Moody’s estimates that blockchain standards will expand by 2021. With XRP maintaining or improving its current position in the market, it’s viable to see movements above the $2 mark, especially if institutional interest continues to increase.
XRP Price Prediction 2025
Algorithmic analysis points at XRP approaching the $4.50 level in 2025. From a fundamental perspective, Ripple’s XRP development might have to find support on further institutional adoption worldwide. Aside from partnerships in the United States, more deals in Europe and the Latam regions could boost the price evolution.
XRP Price Prediction 2030
Needless to say, the year 2030 is still a long way from now. The future of XRP in the long run will focus merely on surpassing regulatory and adoption challenges.
With central bankers slowly accepting the idea of digital currencies, and developing their own alternatives, we could see XRP taking a leadership role among banking and payment solutions, which obviously will push its value upwards.
Under positive circumstances, XRP could be looking at a price level of $17 to $20 per unit by 2030.
The Bottom Line
There’s no doubt that XRP has a bright future in the long term. Buying XRP today can result in huge gains in only a matter of years. That said, relying on a single XRP prediction might not be a wise choice. The XRP forecasts should serve as a reference for conducting your own analysis.
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How To Pay With Bitcoin For Online And Offline Purchases
Bitcoin emerged from the need of a currency that wasn’t controlled by a central authority. One that can be used to pay for goods and services. First, people were using it for Pizza (not really a wise decision). Today, Bitcoin can get you so much more than a pepperoni slice.
Bitcoin emerged from the need of a currency that wasn’t controlled by a central authority. One that can be used to pay for goods and services.
First, people were using it for Pizza (not really a wise decision). Today, Bitcoin can get you so much more than a pepperoni slice. In this article, you’ll learn how to buy with Bitcoin anywhere.
Where can you pay with Bitcoin?
Nowadays, you can pay with cryptocurrencies in almost any shop. While there are plenty of retailers that do not accept cryptocurrency directly, you can use an alternative Bitcoin payment method like a debit card to turn BTC into cash whenever needed.
Using a Bitcoin debit card is probably the most comfortable way to pay since it is a widely accepted method and the shop owner will receive fiat currency. That said, it’s important to find a card that offers good exchange rates and it’s available in your country.
Is it safe to pay with Bitcoin?
Blockchain technology makes Bitcoin payments transparent. All transactions are recorded on a public distributed ledger. In other words, anyone can find a transaction there. But… is that enough to guarantee safe payments? Short answer: no.
If you transfer $100 from your bank account to an unknown seller, you’re taking a risk. The same logic applies with digital currencies. However, there’s a difference. Transferring fiat money isn’t a straightforward process as money usually moves through a complex network of intermediaries until it reaches its final destination.
That payment window gives you the ability to block or cancel a transaction in case something goes wrong. With Bitcoin, there are no intermediaries and transactions go straight to the other end. That said, getting funds back could be challenging if not impossible. Before paying with Bitcoin, always double check the following:
Seller is legit: if you’re shopping online, do a little extra digging on the company’s registration or license, try out their contact center, and look for external reviews.
Wallet address: if you’re directly sending Bitcoin to the seller, make sure you’ve got the wallet address right. A useful tip is to ask for a QR code that links to the Bitcoin address. Scanning the QR code is not only faster, but also safer than typing yourself.
Service compatibility: if the seller uses the same wallet service than you, then transactions are likely to be processed off-chain. That means that it would be easier for you to request a refund operation if needed.
How to pay with Bitcoin on Cash App
Paying with Bitcoin with a mobile wallet is the go-to choice if you’re dealing with either a person or business that accepts Bitcoin as a payment option.
Step #1 — Set up a Bitcoin wallet
The first step is to open a wallet. The Crypterium Wallet is available for both iOS and Android devices, as well as any browser. Regardless of which wallet service you choose, always make sure the service is free, secure and compliant with regulations.
If you’ve downloaded the Crypterium Wallet on your mobile device, your BTC address is automatically generated and you can quickly find it by clicking on “Top up”.
Step #2 — Load your wallet with Bitcoin (BTC)
If you intend to purchase something with Bitcoin, you’ll need Bitcoin. Smart, right? There are two basic ways to load your wallet, you can either transfer funds from another wallet or you can purchase some.
Hopefully for those using the Crypterium Wallet, you can buy BTC with a debit or credit card effortlessly, with instant BTC delivery and the lowest commission on the market.
Step #3 — Enter details of the receiver
Regardless of which cryptocurrency service you’re using, the final step is always to enter the wallet address of the receiver. As previously outlined, you can enter it manually on the wallet app or scan the QR code.
Crypterium offers a different approach to smooth the process. Instead of entering the wallet address of the seller, you can input a mobile phone number or select a contact from your phonebook.
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The seller receives a SMS with a link to a brand new Crypterium Wallet loaded with the funds. Then, he or she can decide whether to keep them there or do something else with them.
How to pay with a Bitcoin debit card
Using a Bitcoin debit card is strongly advised when the seller does not accept Bitcoin. In this case, a crypto debit card allows you to easily convert your digital currency into fiat money.
Step #1 — Order a Bitcoin debit card
Nowadays, there are several companies offering Bitcoin debit cards. Choosing the right one for you will largely depend on three factors: where you live, which currencies you use, and how much you are willing to pay for it. You can compare the available payment options using this tool.
If you’re planning on ordering the Crypterium Card, simply go to the ‘Card’ section to apply for a card. At the moment, you can choose between a UnionPay and Visa card. Our cards are available in more than 200 countries.
Step #2 — Load your card
Once you have a card, it’s time to load it with Bitcoin. For Crypterium Card holders, the top up process takes only a few taps to complete.
In the ‘card’ section, click on ‘load’ and enter the amount of BTC (or other cryptocurrency) you would like to top up. The BTC is exchanged to U.S. dollars using a competitive exchange rate.
Step #3 — Enter details, swipe or tap
Paying with a Bitcoin card feels exactly the same as paying with any other card. If you’re shopping online, you’ll need to enter the payment details. For physical stores, payments are processed once you swipe or tap the card at the POS.
The Crypterium Card offers a virtual card which is ideal for buying with Bitcoin online. The plastic cards (UnionPay and Visa) are equipped with NFC technology.
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Best Litecoin Price Predictions 2020, 2021, 2023, 2025, 2030
Litecoin is one of the biggest cryptocurrencies by market capitalization. Its low price, high speed and affordable fees have made it a go-to choice for cross-border money transfers. In this article, you’ll learn more about this unique cryptocurrency and discover the Best Litecoin Price Predictions 2020, 2021, 2023, 2025 and 2030.
Litecoin is one of the biggest cryptocurrencies by market capitalization. Its low price, high speed and affordable fees have made it a go-to choice for cross-border money transfers. In this article, you’ll learn more about this unique cryptocurrency and discover the Best Litecoin Price Predictions 2020, 2021, 2023, 2025 and 2030.
The digital currency was created by Charlie Lee and implemented important technologies that were later used in prominent cryptocurrencies like Bitcoin, among others. Litecoin, as most cryptocurrencies, has been lately suffering from an ongoing bearish trend.
Over the course of 2018, LTC’s price decreased almost five times. This price movement made investors question what factors can boost Litecoin price and where it will be standing in the years to come.
In 2019, Litecoin underwent its second halving, where the block reward halved to 12.5 LTC from 25 LTC. Investors and crypto enthusiasts were quite vocal about the Litecoin halving event and the effect it had on the digital currency. According to blockchain experts, some investors rapidly ended their LTC trading process after the halving took place.
A few months back, LTC introduced Confidential Transactions for tackling fungibility issues. Experts stated that this is a huge step towards the growth of Litecoin, and it will no longer be known as Bitcoin’s sister.
So, what is in it for the investors? What the future holds for Litecoin? To answer these questions, we’ve compiled the latest expert opinions to determine the long term benefits of investing in this currency. Without further ado, let’s get to Litecoin price predictions and finally answer the question we all ask ourselves: will Litecoin go back up?
Illustration of a Litecoin (LTC) Coin
What is Litecoin (LTC)?
If you are new to the realm of cryptocurrency, you must have come across names like Bitcoin, Litecoin, Ethereum, etc. There are about 1,658 recognizeddigital currencies in circulation.
Because Bitcoin was the first cryptocurrency to launch, it has got all the publicity and attention for media outlets. However, it contests with lots of promising alternatives, one of which is Litecoin.
Cryptocurrencies are measured by their market cap. Simply put, market capitalization is the amount of digital currency on the market. Taking this factor into consideration, Litecoin has established itself among the top 10 largest cryptocurrencies in the market.
Litecoin LTC is a decentralized peer-to-peer cryptocurrency that functions as an online payment system. Like a bank’s online network or PayPal, users can use LTC to transfer currency to one another.
However, there’s a catch! Instead of using US dollars for transactions, Litecoin uses the LTC coin for value transfers. This is where its similarity to most traditional cryptocurrencies ends. Litecoin is designed as a more scalable and reliable payment-focused alternative to Bitcoin.
Pros & Cons of Litecoin (LTC)
As you can imagine, there are many reasons to invest in Litecoin (LTC). Yet, there are also some downsides that you must take into account before using it. That said, let’s find out the pros and cons of Litecoin.
Pros of Litecoin (LTC)
Open Source
Litecoin is open sourced, which means it can easily implement changes and software updates to respond to the changing dynamics of the market. For example, it can easily embrace and adopt new systems like Lightning Network (LN) technology as well as the new SegWit system.
Fast Transactions
Compared to other cryptocurrencies, Litecoin is extremely fast. The LTC blockchain processes a block within 2.5 minutes, whereas Bitcoin takes 10 minutes to process each block.
Competitive Fees
The transaction fee for Litecoin is rather low, which makes it a great digital currency to transfer value. This is one of the major benefits that Litecoin offers against other cryptocurrencies out there.
Big Market Capitalization
When we compare it with Bitcoin, Litecoin has a high upper limit in terms of the number of total coins. That is as compared to Bitcoin’s 21 million limit, Litecoin has 84 million, which is quite high.
Highly Secure
The speed of LTC transactions makes the system less vulnerable to getting hacked or used by attackers for malicious activities. There’s only a small time-window for hackers to attempt any attack.
Cons of Litecoin (LTC)
Questionable uniqueness
Litecoin is known for adopting the latest technologies and that’s what makes it unique. However, some voices in the industry believe its uniqueness is fading away as other cryptocurrencies, such as Bitcoin, are also leveraging technologies for enhanced speed and efficiency.
Credibility on the line
The credibility of Litecoin is in question after Charlie Lee sold all his LTC holdings last year in December. With that, his faith and interest in Litecoin were called to question.
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Poor business adoption
The closure of LitePay has also affected Litecoin. LitePay was touted as a potential merchant solution for the investors that would work the same as Bitcoin’s Bitpay.
Litecoin Price Prediction 2020
This 2020 is going to be a significant year for Litecoin LTC. Or so experts say. However, with the market fluctuating continuously, making a Litecoin price prediction is one of the most challenging tasks.
We have accumulated insights from leading publications and entities dealing in the crypto market. Based on these insights, you will get a fair idea of what to expect from the price of Litecoin for 2020.
#1 Litecoin Price Prediction 2020 by DigitalCoinPrice
According to DigitalCoinPrice, a cryptocurrency prediction website, the Litecoin price might reach $106 for Litecoin by the end of 2020.
#2 Litecoin Price Prediction 2020 by Coin Price
Coin Price, another cryptocurrency prediction website, predicts that the Litecoin price might grow as high as $124 by the end of the year. This is another very positive prediction.
#3 Litecoin Price Prediction 2020 by Long Forecast
Long Forecast says that based on their research, Litecoin price might reach $55 as the year ends. This site takes a more cautious bullish approach than the above mentioned. In fact, Litecoin has already touched this level in January 2020.
#4 Litecoin Price Prediction 2020 by Wallet Investor
Wallet Investor in known for projecting conservative price Litecoin predictions. This site’s analysts believe the coin might reach a value of $22.95. Following this scenario, the Litecoin price will eventually turn downside and trim nearly 50% of its value.
#5 Litecoin Price Prediction 2020 by Trading Beasts
Based on the technical analysis performed by Trading Beasts, the price forecast 2020 of Litecoin LTC is around $47 by the end of 2020.
They also said that Litecoin is going to be good for investment in the long run. Overall, there are high possibilities of Litecoin LTC succeeding in 2020.
Litecoin Price Prediction 2021
Many believe that following the halving, the Litecoin price will soar in the coming years. Experts say that the future looks bright for LTC with all the partnerships and integrations.
Based on the enthusiasm of the Litecoin community with upcoming updates, this currency will rise and give a tough competition to other cryptocurrencies.
As far as the Litecoin price prediction 2021 concerns, cryptocurrency analysts see the price aiming at a whopping $600 by the end of that year.
Litecoin Price Prediction 2023
Litecoin is slowly but steadily gaining more traction among cryptocurrency enthusiasts for one good reason: it’s a reliable payment method. It offers outstanding speed at very affordable fees, making a great choice for processing payments all over the world.
Logically, the Litecoin price prediction 2023 will depend on the level of adoption this currency has achieved by that time.
The experts consensus points at a $900 price level. However this doesn’t mean it will be a consistent growth. Volatility is expected to remain high, potentially creating several bearish cycles until LTC reaches the aforementioned level.
Litecoin Price Prediction 2025
Since Litecoin LTC will be halving in 2023, the block reward will be cut to 6.25 LTC. The halving will most likely promote investments in expectations of a higher value. According to industry experts, LTC might shine ahead of its peers to become one of the most traded cryptocurrencies. By the end of 2025, the value of the coin is seen at $1200.
Litecoin Price Prediction 2030
Predicting the price of Litecoin for years ahead isn’t an easy task. The Litecoin price prediction 2030 is based on adoption, but also on the 4th halving event. Following the reward reduction, Litecoin is expected to extend gains up to $1500. If this price analysis is right, Litecoin could also make its way up to the top 3 cryptocurrencies by market capitalization.
The Bottom Line
Our LTC price prediction is primarily bullish. We believe that LTC will not lose its popularity. If there are any difficulties in the Bitcoin network, Litecoin could become a go-to entity for investors and enthusiasts.
Looking for a Litecoin Wallet?
Crypterium is a cryptocurrency wallet trusted by 500,000 clients around the world. KPMG has awarded Crypterium as one of the most promising fintech startups in 2018.
With Crypterium, you can do it all from a single, easy-to-use, global app:
Store Litecoin — it’s always free
Buy Litecoin with the best exchange rates
Cash out Litecoin directly to your debit or credit card
Exchange Litecoin to Bitcoin or any other currency
Pay with Litecoin using the Crypterium Card
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