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WHAT DO ANALYSTS PREDICT ABOUT THE PRICE OF LITE COIN FOR 2019?

Travel 2019

The year 2018 already entered its final stretch, so it is tradition that in this month of December people take the opportunity to take stock of the year that ends and try to predict the main events of the beginning.

This practice is not an exception in the cryptocurrency sector, so it is usual for different personalities and business spokespersons, both inside and outside the ecosystem, to emit their predictions, mostly related to the price and future of cryptocurrencies.

This year the attention is placed, above all, on the Lite Coin Price, in view of the significant fall of the crypto market in the month of November.

FAVORABLE FEW EXPECTATIONS

In the group of the most pessimistic is the security company Kaspersky Lab, which a few days ago released its predictions for 2019, presenting an unfavorable scenario for the ecosystem.

According to the firm, it is likely that the price of crypto actives will remain at low levels and that the use of cryptocurrencies as a means of payment will decrease, in addition to believing that expectations on the advantages of block chain technology will decrease.

The company establishes a direct relationship between the price of cryptocurrencies and the interest of the public. Based on this, it ensures that the audience interested in cryptocurrencies is limited, and “once that limit is reached, the price will not rise further.”

THEY ANALYZE VALLEYS AND PEAKS

An approach similar to that of Hayes exposes the founder of Morgan Creek Capital Management, Anthony Pompliano, one of those who predicted that lite Coin would reach USD 50,000 by the end of 2018, although he later admitted that his prediction was wrong.

Based on the valleys and peaks of lite Coin throughout the history of their prices, Pompliano said, in one of the bulletins published on his blog last August, that lite Coin could fall first to USD 3,000, before seeing a positive trend in the market, something that in his opinion could happen in the third quarter of 2019.

Pompliano explains that bear markets tend to last longer, recalling that the first bear market lasted 160 days (in 2011) and the second 400 days (2013-2014). Consequently, it calculates that the current bearish market, if it follows the historical trend, can last 650 days.

POSITIONS THAT EXPECT SIGNIFICANT INCREASES

In May 2018, Fundstrat analyst Thomas H. Lee predicted that lite Coin would reach USD 36,000 by the end of 2019, based on the likely growth of mining infrastructure.

At that time, the Wall Street expert explained that his thesis on the price of lite Coin had a risk, related to the trajectory of the hash index (measurement of the processing power of the lite Coin network), which could change the support capacity for the prices. Even so, he considered that the growth of this index could support a value of USD 36,000, with a range that would range from USD 20,000 to USD 64,000 until the end of 2019.

In the short term, the expectations of the entrepreneur were not optimistic, for the date of these statements (before the fall in prices last November), as he assured that the crypto active would not reach again USD 9,000 in 2018.

THE MOST OPTIMISTIC

The CEO of the Brave New Coin research firm, Fran Strajnar, expects the price of lite Coin to reach USD 200,000 by January 1, 2020 at the latest.

In an interview published last May he made his calculations, taking into account that adoption rates have been constant, in a process that, his judgment, grows at a rate strongly related to price.

This same optimism was shown by John McAfee, founder of the company of the same name, after his famous bet last year, which said that lite Coin would be quoted at one million dollars in 2020. Although he has not indicated a specific price for 2019, the businessman calculated that on December 31, 2019 the BTC could be around USD 170,000, to be on track to reach the 1 million dollar mark a year later.

INTERMEDIATE POSITIONS

At an intermediate point between optimism and pessimism is another group of analysts, such as Todd Gordon, founder of TradingAnalysis.com, who in various media had been saying, shortly before the current low, to be waiting for a fall in lite Coin that would take you to $ 4,000. Although it also predicts that a later rebound will return to $ 10,000 at the beginning of 2019.

More moderate expectations have been pointed out by the Professor of Monetary and Financial Economics at the Completeness University of Madrid, Pedro Durá, who considers it difficult to predict the evolution of lite Coin next year.

In general, the foregoing predictions show a kind of polarity in the analysis of market behavior, which makes some very optimistic and others very pessimistic.

However, there is a point where most analysts agree, and that cryptocurrency and block chain technology are already part of a reality and their influence in the world of finance, economics and technology are increasingly evident , a sign that they came to stay, regardless of the rise or fall of lite Coin.

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