There is no doubt that the cryptocurrency industry has faced numerous ups and downs in the last few years. Therefore, if you are confused to invest in Litecoin, then it will be better to analyze the bitcoin future properly. When you are willing to know about Litecoin future, then you need to understand that it is one of the most famous bitcoin forks which were released in 2011. During these 8 years of the journey, it has become one of the top five cryptocurrencies around the whole world. The excitement regarding the future of bitcoin is high because the possibility is to create a new global standard for the payments.
Market status of bitcoin future:
The cryptocurrency market has witnessed many ups and downs in recent years. According to a recent prediction, an increase of 140℅ can be expected in the market capitalization of litecoin. Experts also suggest that in the future of bitcoin people will again see growth in the market capitalization. People are moving forward with bitcoin because of the update of new software. There is no point to deny the fact that bitcoin is 10 times more efficient than the others. The prices of litecoin rise 300% in the last six months. Recently the bitcoin foundation has published the latest roadmap and in which they are claiming to increase the fungibility. They will try to develop a system of confidential transactions.
Future of litecoin:
It is very difficult to talk about the future of bitcoin. But, if you consider the past trends, then you can understand the stability and success of litecoin. Therefore, based on this, you can assume that in the long run, it may have strengthened the position among the giants of cryptocurrency.
A projection states that investing in litecoin in 2020 would be more beneficial. This projection has been built upon the basis of 2017 statistics when litecoin was stronger than bitcoins. Based on this prediction, some sites have set their bitcoin value for 2020 to $3500 billion. According to another projection, new investors will look into options other than bitcoins, which make way to brighten up the Future of Litecoin in cryptocurrency, increasing its market net value worth $1000 billion.
Price prediction based on the technical analysis
Technical analysis will consider the facts of the past and the present trends to analysis the future of litecoin. There are many predictions are available in the online and based on that you can say that investment for short term can be helpful but if the trend changed then people can get benefits from long term investment too.
Prediction based on the bitcoin price
Litecoin has greater growth than bitcoin and it changes the technology that bitcoin used. There is no point to deny the fact that bitcoin is providing better recovery than bitcoin. Many investors will get the interest to invest in bitcoin because of the advantages.
Do you have any plan to invest in Litecoin? Then it will be better to get an idea about the price prediction for 2020. There are many well-known cryptocurrency analysts predict that the price of Litecoin will raise at $1500 in 2019. Many cryptocurrency analysts believe that bitcoin will continue to rise.
Some other factors which can help you to predict the future of litecoin
The improved and updated technology is an important factor which may have some impact regarding the future of litecoin. For instance, bitcoin recently went through an event namely hard fork which will split the cryptocurrency into two.
When you are planning to invest in litecoin, then it is essential to keep an update about cryptocurrency regulations which may have some impact on the litecoin future.
Is it worth investing in Litecoin?
After the discussion, you can understand that there is no simple answer to this question. It is harder to predict the future of litecoin in a year as there are many factors involved. But, all you can say that the bitcoin is moving into a positive direction and with the help of technology it can get the chance to be more popular in the crypto world.
So, it will be always good for you to invest properly and make a plan so that you can stay safe.