The volatility is also clearly visible with the Litecoin price. This is why many investors shy away from making an investment because the forecast is not easy. However, if you know how to correctly analyze the course and use the appropriate financial instruments, you can benefit even in difficult market situations. Litecoin is one of the top 5 cryptocurrencies, but is not protected from a downward trend. But traders can also use this for themselves, for example with position trading. We show how the Litecoin forecast can be used optimally in any market situation.
- Litecoin forecast, especially with technical analysis, much easier
- Litecoin CFDs at brokers with leverage of maximum 1: 2 (for private traders) tradable
- contracts for differences are also suitable for difficult market situations
- Litecoin is one of the top 5 internet currencies, but still has volatile market phases
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Litecoin forecast: the potential behind the internet currency
Litecoin is one of the top 5 best-known internet currencies based on its market capitalization and is colloquially known as crypto-silver. In addition to Bitcoin, Litecoin was one of the most promising candidates on the crypto market just a few months ago, but as the course shows, Litecoin also had to take losses despite the supposedly great potential.
Therefore, the Litecoin price forecast is not that easy. The volatility so typical of internet currencies is also here, although it is less pronounced in comparison with other cryptocurrencies. In order to nevertheless have a look into the Litecoin forecast for the next months and even years, let's take a closer look at the potential of crypto-silver and show why Litecoin could be one of the interesting candidates for future investments.
The Litecoin Backgrounds
To understand why Litecoin is actually better than many other altcoins, it helps to look at how it was created. In October 2011, the cryptocurrency emerged from a Bitcoin fork: Former Google employee Charlie Lee wanted to make improvements to the Bitcoin blockchain and launched a new Altcoin. One of the main differences is the faster block time, because in contrast to Bitcoin, Litecoin blocks can be generated in about 2.5 minutes. The main reason for this is the new algorithm, which contributes to fast processing. The fork in the crypto community is good, so Litecoin was able to increase its market capitalization to around USD 1 billion in November 2013.
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2017 - the fateful year by Litecoin
If we look at the Litecoin price forecast from 2013 to 2017, it becomes clear what potential there is in the cryptocurrency. Since its creation, Litecoin has been able to maintain its position in the market and expand it bit by bit. 2017 was one of the most formative years in Litecoin's history. The renewed improvement of the blockchain made it possible for the first time in May 2017 to use Litecoin to carry out a Lightning Network transaction from Zurich to San Francisco in less than a second.
The reason for this was the takeover of the SegWit system, These innovations ensured that the cryptocurrency exchange rate rose steadily until the end of 2017 and reached a preliminary all-time high of around USD 250 in December of the same year. Shortly afterwards, however, investors and investors had to show strong nerves, because the volatility so typical of internet currencies appeared and the price quickly fell to around USD 30.
2018 brought positive impulses for investors
Shortly after the enormous price drop, the Litecoin forecast already looked much better, because the price was able to increase again. Since then, however, investors have faced a volatile market phase that lasted until June 2019. The downward trend dominated the price from the beginning of 2018 to January 2019, which was particularly beneficial for CFD traders. On the other hand, anyone who had Litecoin in their wallet needed a lot of patience to be able to sell the tokens at a profit. Litecoin will only see a further price increase at the beginning of 2019.
Litecoin forecast and prospects of the Foundation for 2019
What the forecast for Litecoin development and the price will be, depends crucially on the innovations or adjustments of the Foundation. That is why we take a look at the targets for 2019 and the coming years for the forecast. For 2019, the team behind Litecoin has set itself some key goals that need to be implemented to prepare the cryptocurrency for the future. Successful implementation could result in a positive Litecoin forecast for 2025 and the remaining years.
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Litecoin goals of the Foundation for 2019
On The focus for 2019 is on the development of atomic swaps. They should enable decentralized exchange. Added to this is the expansion of Smart Bitcoin (SBTC). This should allow users to exchange Litecoin for SLTC in the future in order to use Ethereum-like smart contracts. Increasing privacy is also on the agenda. Litecoin clearly shows that, unlike other altcoins, the team behind the cryptocurrency is actually interested in making improvements and implementing innovations. With its network, Litecoin should in future be able to respond to the needs of users and thereby gain broader acceptance. If these goals succeed, there is nothing to prevent a positive Litecoin forecast in 2030 or even for the following years.
Looking at the roadmaps of cryptocurrencies can be a good basis for investors to predict future trends. For example, if a team has particularly ambitious goals and implements them consistently, the demand often increases, which can also lead to a higher price.
Increase acceptance of Litecoin: The cryptocurrency is to be spread more widely
What perhaps hardly anyone knows yet: The Litecoin Foundation already has a 10 percent stake in Deutsche Bank WEG. This should further promote the acceptance of the internet currency. The participation also serves to improve individual areas, including:
- Money transfers
Whether Litecoin will be as successful as Bitcoin as a means of payment is currently not foreseeable, but not unrealistic. Bitcoin also took years to establish itself as a means of payment in addition to conventional service providers in shops. But the patience has paid off, because online shops in particular are now making Bitcoin available as an interesting and fast payment alternative. At Litecoin, it has so far only been selected shops or companies that enable payment with LTC. This includes, for example, a private airline in the United States: Surf Air. The Brazilian supermarket chain Oasis also accepts payment with Litecoin and Litecoin can also be found in a large shopping center in Singapore, albeit in the form of an ATM.
One Bitcoin also had a similar history, so we can certainly expect a lot more from Litecoin. Investors who want to be prepared for the future can already invest in the Internet currency and keep the tokens in the wallet in the hope of selling more expensive when the price rises later. If you don't want to wait so long until the investment pays off, you can take action now and trade Litecoin CFDs with the broker.
Litecoin to $1000? price watch - Selling the top will be tough
Use the Litecoin forecast for your own benefit: invest directly in LTC
Litecoin is gaining increasing attention as a means of payment, although of course bitcoin acceptance is far from being reached. Nevertheless, users in selected shops and companies can pay with Litecoin. For this to be possible, the purchase of the tokens is of course essential, which works through crypto exchanges. But investing in crypto exchanges can also bring other benefits. If you buy LTC at a low price, you can profitably sell the forecast if you sell it later and have a good Litecoin exchange rate.
In theory, this sounds very easy, but practice looks a little different, because LTC and other cryptocurrencies are from Volatility shaped. Therefore, clear phases for buying or selling are not so easy to find. In addition, there are differences in prices and trading costs in the numerous crypto exchanges. Therefore, a comparison before the actual trading activity is recommended.
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Important tips for trading on crypto exchanges
Litecoin is used in addition to Bitcoin offered to most major crypto exchanges for trading. But the prices differ among the providers, because supply and demand individually determine the price development. It is therefore recommended that buyers and sellers compare the individual conditions of the exchanges with one another before starting their trading campaign. While the Litecoin price can be positive with one provider, a different picture can already appear on another exchange. The trading costs must also be taken into account, as these are deducted. We have a few tips so that the transactions for crypto exchange users can be carried out in the best possible way.
1. Tip: When selecting the crypto exchanges, a look at the registered users is recommended. Experience has shown that the large, renowned crypto exchanges have significantly more users than smaller providers. This in turn contributes to higher liquidity, which is of course an advantage for prices and trading. We therefore recommend exchanges with a high number of users for the entry into trading with Litecoin or other cryptocurrencies.
2. Tip: The conditions on the individual exchanges vary widely, because each provider determines its own price structure. Some crypto exchanges do not charge any fees on certain cryptocurrencies, while others are comparatively expensive. So that traders do not have to pay too much in the end, it is advisable to look at the fees to choose the provider that calculates the lowest costs. However, users should look at the overall package, because what good are low trading costs if the crypto exchange makes a dubious impression or holds bad prices?
3. Tip: When choosing the crypto exchanges, a look at the services and quality is also recommended. Is there a contact person who is available 24/7 or are the users left alone with their concerns? Good crypto exchanges not only offer good conditions and interesting cryptocurrencies, but also high service quality, which includes the free trading account or tools for chart analysis.
Tip 4: Security should be the number one principle on a crypto exchange. It is therefore important to choose a trustworthy exchange with a good reputation and secure data transmission.
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Use the volatility of Litecoin: contracts for differences on cryptocurrencies as an insider tip
The Litecoin price forecast is not always easy due to the volatility. However, users can take advantage of these fluctuations in the market. Instead of investing directly in the coins and possibly having to wait a long time for the right time to buy or sell, there are alternatives. Contracts for differences on Litecoin or other cryptocurrencies are included. What differentiates the difference contracts from direct purchase and who are they suitable for?
CFDs on Litecoin: Particularly interesting for many traders
Contracts for difference are interesting for all investors who are interested in a short and medium-term Deal with investment horizon and prefer position trading. CFDs offer many options, because they can bring in profits even in difficult market situations (e.g. a sideways trend or a downward trend). But they are also considered risky derivatives when traders use leverage. Crypto CFDs are offered by brokers for private investors with a maximum leverage of 1: 2, which is a multiplier of their own capital.
In this way, investors can enter the market with less capital and with the Nevertheless leverage bring more capital into the market. This of course also increases profits if the position is not against the trader. But the lever also works in the opposite direction, so that larger losses can also occur. Prospective traders can initially act without leverage or test the leverage with a demo account to get a feel for the possible (negative effects).
Risk hedging with CFDs a must
Since the contracts for difference have many opportunities offer for investors, but also involve a high risk, the limitation of losses is essential. Often prospective traders do not have the right feeling or just too little experience to assess the risk. You only see the opportunities and the quick profit taking.
However, if the known volatility comes into play, the position can quickly run in an undesirable direction, so the loss limitation is the be-all and end-all for successful traders. We recommend that you determine the corresponding limit for profits and losses for each position. This also gives hobby traders the opportunity to benefit from the market without having to follow prices all day long.
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CFD trading Learned: Use a demo account for practice purposes
Even a good trader started out small, trading beginners should never forget that and be discouraged by initial failures. It is important to show willingness to learn and to improve your knowledge. Only those who are well informed can assess the market situation and thus make their trading decisions in a more informed manner; at best, reduce the rate of wrong decisions.
For this purpose, numerous brokers offer the opportunity to trade with a demo account. Virtual credits up to EUR 100,000 are also made available. If there is the possibility to use the demo account indefinitely, this is even better for investors, because the parallel use of the live account and demo account offers several advantages. Traders can then test strategies on the demo account, transfer them to the live account if they are successful and thus generate real profits.
Make the right Litecoin forecast: the skills of chart analysis
How does it move the price - is it rising or falling or is it still going sideways? This is the question that investors ask themselves when it comes to opening a position when trading Litecoin. The price is much easier to trade in CFD trading than, for example, when investing in a crypto exchange, but chart analysis is extremely important in both cases. We therefore show how traders correctly interpret the price and which tools can help.
Forecasting based on indicators
In principle, a price should never be traded without analysis, because emotionality or the proverbial gut feeling are bad advisers for investments. Instead, investors should rely on facts that can be provided by indicators, among other things. One of the most important indicators is RSI. With the innovative trading platforms, investors can easily activate this indicator and display it in the diagram. But what does the RSI indicator actually say?
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In simple terms, traders experience RSI on the basis of a mathematical method Formula of how good the Litecoin price is in relation to the coins. However, traders do not need any basic knowledge for the calculation, because this is done automatically on the platforms. There are some coins or tokens that are overvalued in the market. The actual value is lower than the price, which means that the actual value will usually be adjusted. If the RSI can be seen to break out of its actual zone, this is an indication that the price is changing.
Litecoin price forecast with trends, resistances and support lines
For the Litecoin price Investors can of course also use forecasting to use one of the simplest elements: the trend lines. They are shown on the chart for a longer or shorter period and provide an overview of the general mood of the course. Traders should draw the trend lines from long-term to short-term and pay attention to primary trends. These can even take several years, with the tertiary or secondary trends being significantly shorter. The trend lines are particularly interesting on the premise that the prices from the past are repeated. This gives traders the first possible clues as to whether and when a price can repeat itself and they can trade it.
Find resistance and support
Resistance is an important tool in price analysis and support levels. If the Litecoin cure rises, it inevitably comes to the point that many traders want to sell. This creates a resistance that moves the price down. Of course, resistances can also be broken, but they are mostly responsible for the price falling again or not rising above a certain level. The support level is particularly interesting for finding the right time to start. If the Litecoin price falls to a particularly low level, it is kept at this level by increasing purchases.
Trading platforms, such as the MT4, already offer numerous indicators and tools completely free of charge. The platforms can even be used via smartphone or tablet, so that mobile chart analysis is also possible at any time.
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With the right capital management to success
We have already looked at the options for investing and investing in Litecoin and other internet currencies and how prices are analyzed. But in order for traders to be able to invest and make real profits, something else is required: capital. Correct capital management also has to be learned and that is often not so easy. That's why we not only focus on the Litecoin forecast and how to create it, but also on the way to trading.
Only use liquid funds for trading
Capital management means that traders only use their own cash. In this way, private investors in particular ensure that they retain control over their expenses and profits. Let's imagine that a private trader would take out a loan to trade Litecoin on a crypto exchange or with a broker. This may provide more capital at first, but what happens when investments fail and traders lose everything? Then the loan amount remains, which may have to be repaid over months or even years. In the end, the traders have nothing but debt from their investment. We therefore recommend that you only trade with the capital that traders can actually do without in order to be able to make a living even in the event of losses.
Proper capital management can best be done with a demo account and virtual credit without risk Practice.
Always hedge risk
No matter which investment option or capital investment traders choose, risk hedging is always an essential part of implementing an investment strategy. This includes not only focusing the possible profits, but also limiting the losses.
With CFDs, this is comparatively easy with stop-loss positions. For this, when opening their position, traders define the limits beyond which the loss should not go; The same can be defined for the profits. In this way, position trading works much more comfortably, because traders do not have to constantly keep an eye on the market situation, but know what maximum losses they can expect. This situation is easier to deal with, especially for prospective traders, because the tension and pressure decrease with the knowledge of the maximum losses.
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Not all capital Use all at once
But risk and capital management also includes dealing wisely with your existing capital on the trading account. This means that traders should never invest 100 percent of their capital in a position. If this is lost, investors lose their entire trading base and cannot even compensate for the losses through potential new profits.
In the worst case, they have to inject capital, which of course is not conducive to a longer-term balanced investment strategy. It is therefore advisable to place only a small part of a position and, at best, to diversify when trading. Not only Litecoin, but also other cryptocurrencies offer interesting opportunities for making a profit due to their volatility.
Tip to stay on the ball with crypto development: Follow the latest news
There is hardly a market like this on the move like cryptocurrencies. The strong price fluctuations can be used by CFD traders, but unprepared can also lead to loss. That's why it's important to watch the latest news around the crypto market and not just Litecoin. Basically, the mood on the crypto market is also decisive for the price development of each individual Internet currency; especially if the currency is heavily dependent on Bitcoin. As experience shows, Bitcoin always manages to pull other cryptocurrencies with it - positive and negative. If you have this knowledge, you can of course benefit from it and focus your attention on the current news situation.
Receive news via push notification
Many brokers offer the opportunity to conveniently send market news using push notification to get on the smartphone or tablet. This means that traders no longer miss any reports and can react immediately if they wish. The best thing: These reports are usually even made available free of charge, so that traders can gain a knowledge advantage without great effort and additional costs. A look at important events on the financial market can also be helpful when making trading decisions.
It becomes clearer if, for example, traders use an economic calendar such as that offered by many crypto brokers. Especially decisions on the money market (also with fiat currencies) often have a direct impact on the course of Litecoin and Co. Political decisions are particularly interesting, for example on the regulation of the Internet currency, because the regulatory handling of digital currencies is still not clearly clarified and unsettles many traders.
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Conclusion: Litecoin forecast for the coming years with a positive trend
The Litecoin price forecast for The next few years are positive in terms of historical data, but the volatility of the cryptocurrency can also cause the price to fluctuate significantly. How the course develops depends above all on the implementation of the goals of the Litecoin Foundation. Acceptance as a means of payment and user demand will also determine the course. Litecoin is currently one of the top 5 cryptocurrencies. Litecoin has long been considered crypto-silver and has been traded as a hot favorite behind Bitcoin.
However, the internet currency has suffered sharp price drops in recent years and months, which shook the confidence of some traders. In the meantime, however, the course has recovered and has even reached an all-time high. However, the all-time high is not a good time for anyone who wants to invest directly in Litecoin. Instead, they should look for a downtrend and then strike. If traders don't want to wait too long, there is another investment option: the Litecoin CFDs. Just test the possibilities yourself and register with a crypto broker.
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