- Analyst Makes a Major Litecoin Price Prediction for 2020
- What Does The Future Hold For Litecoin In The Coming Year?
The crypto market has been busy as cryptocurrency traders and investors are getting prepare for the New Year and what it will bring. The hopes are high for a new dawn in the crypto sphere in the year 2020.
As always must altcoin follows the step of the giant cryptocurrency Bitcoin in shaping their trading price. There has been a lot of speculation going around that economic recession might affect cryptocurrency in 2020. And with the predictions from prominent cryptocurrency analyst like Alessiso Rastani, Trace Mayers, Plan B, and Mati Greenspan, the odds of Bitcoin facing a bullish price movement is in the next 12 – 18 months is high.
Currently, the most profitable altcoins in the markets are Litecoin, Bitcoin Cash and Ethereum even though most of their trading value has been lost since their all-time highs in 2018. Litecoin price predictions so far have been indicating towards a bullish end for the coin.
What Does The Future Hold For Litecoin In The Coming Year?
Analyzing different statistics from several sources like social media trend waves, blockchain explorers, Google trends and wallet adoption on all altcoin, Litecoin seems to be contending strongly in the crypto market amongst all altcoins. Litecoin price has a very high possibility of experiencing a massive bull trend in 2020.
For Litecoin to attain this bullish height, the LTC group has to make some partnerships and updates to aid the adoption of Litecoin. One of the company’s partners @CoinPaymentsNet took to their Twitter page to affirm their support for the coin. The tweet went thus: “We are proud to support #Litecoin payments. @LTCFoundation and @SatoshiLite did you know CoinPayments was the FIRST to support #LTC payment processing back in 2013?
To aid mass adoption of the coin in the coming year, Litecoin foundation has a lot to do with publicity, spreading the message that Litecoin has a hard supply which so far has helped the coin in realizing long-term price as against other coins which are mined every four years.
With the partnership Litecoin has had so far in the past years, the company has a glut of merchants and partners employing LTC as a payment channel, which has in one way or the other helped in the adoption and publicity of the coin. The Litecoin merchant’s base is increasing day-by-day and at a huge pace, also prominent players in the crypto industry like the Miami Dolphins are assisting the group in extending the Litecoin brand to new markets.
Thus, going by all Litecoin predictions, for Litecoin to experience a bullish trend in 2020, Bitcoin will also have to experience a bullish run powered by the arrival of new traders and influential investors. The price of Litecoin is expected to surge immediately when Bitcoin breaks its new all-time highs.