Litecoin (LTC) is one of the most discussed digital currencies in cryptographic space. As a digital resource, Litecoin (LTC) has attracted many users to its platform thanks to the fact that it is reliable, fast and economical. A lot of people also see it as a better alternative to Bitcoin (BTC). The digital currency has attracted media attention and, as such, many investors consider it a privileged investment option.
After a couple of years of being at the top with other digital currencies, Litecoin (LTC) is decided to get out of its current state, but the team behind the coin still has a lot of work to do.
Can Litecoin (LTC) Test the $ 10k Mark in 2020?
Back in November of last year, the value of the digital currency was $ 100. The following month, which is December, the value of the digital currency rose significantly to trade at $ 331 per currency. However, this year saw massive losses not only on Litecoin (LTC) but on all coins in the crypted space. One of the main factors influencing the value of Litecoin (LTC) is the Bitcoin (BTC) market activity.
Litecoin (LTC) Price today – LTC / USD
With Bitcoin (BTC) hovering around $ 6k Mark, the value of Litecoin (LTC) is also staggering back and forth. As the trend observed before the end of 2017, Litecoin (LTC) is slowly recovering from falling prices. Regardless of whether the digital currency is recovering slowly from its dives, it still has the potential to test the $ 1k sign by the end of this year and has even hit $ 10k in 2020 – but it all depends on some factors as emphasized by Forbes.com.
The first factor is the future growth of Bitcoin (BTC). As the value of Bitcoin (BTC) increases in the future, Litecoin (LTC) will follow the example. The second factor is the traditional adoption of digital currency, as well as its underlying blockchain technology. The last but not the least is partnerships, developments and currency lists.