Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
“Disappointment” of Bitcoin is close?!
If forecasts and opinions in the crypto industry so often serve as a factor influencing the price of a cryptocurrency, then this is perhaps argument enough to be aware of their trends.
We share a fresh selection.
Well-known analyst Tony Weiss is sure that in the first quarter of next year bitcoin will fall somewhere to $4,500-5,000, if it does not consolidate above $10,000 for a week or two. In the next year and a half, we should not expect a rate beyond $5,000 - $10,000, and growth will not begin until 2021. Litecoin, according to Tony, will die because it is a scam, like all 99% of cryptocurrencies, except 1% - bitcoin.
Trader Peter Brandt is confident that for stable growth to a new record in the region of $ 50 thousand, the main cryptocurrency needs to go through a significant drop. He believes that the bottom of bitcoin is around $5,500, and the time to buy BTC will come when there will be no bulls on Twitter. However, despite the pressure from the bears, the bitcoin hashrate increased to 111.56 EH/s.
As for the upcoming halving of bitcoin in 2020, Morgan Creek Digital co-founder Jason Williams believes that it will not affect the price in any way: "It will be a disappointment." Analysts' opinions on this issue differ, because after the last halving, bitcoin went up. Entrepreneur Alistair Milne expressed the opinion that halving will definitely have a positive impact on BTC pricing.
And again hacking the exchange. This time, the victim was the Bittrex platform with a leak of more than a third of all assets. Yesterday, several large transactions were noticed on the bitcoin network, the amount of which amounted to almost $ 9 billion and broke all records from the first day of bitcoin's existence. Such a large transfer is associated with the hacking of Bittrex, but the company itself denies all rumors of an attack.
The platform has a reputation for reliability and has never been subjected to hacker attacks before. If the hacking rumors turn out to be true, will bitcoin have more distrust points and will it fall in price even more?
