With the cryptocurrency craze seemingly in full swing, many people are looking to invest in the next big thing. Bitcoin and Ethereum have both seen drastic increases in value, and as such, people are wondering what will be the next crypocurrency to “make it big.” Some people are thinking it could be Litecoin, and if it is, it could be a great investment opportunity.
“Litecoin Price Prediction 30%” is an article which I have written for my website, www.bestbitcoinexchange.com. It was published few days before on Dec 8. Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the Lightning Network, Atomic Swaps and Masternodes.
The past seven days has seen a slight downfall in the price of Litecoin, and the market seems to be taking a turn for the worse. While the price has seen a slight recovery in the last 24 hours, it still remains closer to where it was last week than to where it was last month. If the number of people using Litecoin continues to grow and more businesses accept it as a form of payment, the demand for the currency will increase and the price will rise. If the number of users falls or businesses stop accepting it, its price will fall.. Read more about litecoin price prediction 2025 and let us know what you think.Summary of the situation
- The Litecoin price forecast shows a 30% increase in the price of LTC over the past 24 hours.
- The recent price spike has pushed Litecoin above the 62% Fibonacci retracement level.
- Despite the green day, Litecoin’s technical analysis still paints a bearish picture.
At the time of writing, the price of Litecoin is hovering around $168 after rising 30% in the past 24 hours. Despite the positive price movement, the cryptocurrency is still 63% below its historical milestone of $420, reached on the 12th. December 2017 has been established.
Litecoin Price Forecast: Price Overview
Litecoin was trading around $157 in early trading today, up 11% for the day. The recent price increase is the largest positive one-day move since the 20th century. May. The recent price spike is significant because it has increased Litecoin’s market capitalization to $10.6 billion. This represents 0.7% of the total market capitalization of cryptocurrencies. While this is an impressive number, Litecoin reached a market capitalization of $25.61 billion during its peak. Over the past 24 hours, the cryptocurrency has fluctuated in a price range between $139.8 and $163.1 relative to its market capitalization. The price of Litecoin has dropped 45% in the last 7 days. Moreover, the volume of trading in Litecoin tokens over the past 24 hours was about $6.7 billion. This represents approximately 3% of the total volume of all virtual assets on the market. Over the past 7 days, Litecoin has fluctuated between $118.5 and $318. Moreover, Litecoin is still about 63% off the $420 ATH set in December 2017.
Litecoin price movement in the last 24 hours
Source: TradingView At the time of writing, the crypto-currency market is still dominated by bearish sentiment, and Litecoin is no exception. Part of the reason for the poor performance of the cryptocurrency market is the recent ban on cryptocurrencies by the Chinese government. For example, the price of LTC fell 16% in Sunday’s trading session, following a 6% drop on Sunday. Over the weekend, the crypto asset fell by around 51% to around the $143 price range. Despite this, Litecoin managed to post an impressive 3% gain during this morning’s trading session. This price increase has caused the crypto asset to settle around $147. Litecoin is currently trading at around $170, a 30% increase in price.
Litecoinchart 4 hours
Source: TradingView At the time of writing, Litecoin’s 4-hour chart shows a bearish configuration. Key technical indicators suggest that a bearish footing awaits the crypto asset. This trend threatens to drive Litecoin’s value down even further. For example, the MACD (Moving Average Convergence Divergence) indicator shows Litecoin trading well below the signal line. This places the cryptocurrency in the red zone under the command of the bears. As for the relative strength index, Litecoin is currently in oversold territory, indicating that many investors are selling their investments.
Although Litecoin is currently in a downtrend, bulls should be careful that the crypto does not drop below the $146 price area, as such a move would trigger a new wave of sell orders. Given current market conditions, Litecoin will need support from investors and the broader market to break through the 62% Fibonacci retracement level around $174. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The Litecoin price (LTC/USD) continued to move up on Monday, as buyers successfully broke above the $100 barrier. The Litecoin market cap is now around $2,500 million, which puts the coin in the top five ranking. Blog Post: https://noirds.blogspot.com/2017/08/litecoin-price-prediction-30.html. Read more about litecoin price prediction 2021 and let us know what you think.
Frequently Asked Questions
Will litecoin reach $1000?
Litecoin has been among the top cryptocurrencies for years, but its price has remained comparatively low. Dogecoin started the trend of meme-based coins, and litecoin soon followed. Even though litecoin is based on an old technology, the advantage of litecoin is, that it is faster and cheaper to use for transactions than bitcoin. The cryptocurrency market has recently seen an influx of new investors and speculators, due to the massive success of Bitcoin (BTC). Bitcoin has reached a record high of $10,000 a coin, and as result, Bitcoin-related stocks have also skyrocketed. The rise of Bitcoin has also led to the rise of other crypto-coins—such as Ethereum and Litecoin. Litecoin currently has a market cap of $4,651,698,838, besting that of competitors like Bitcoin Cash and Dash. However, at the time of writing, litecoin is only worth $294.47. Will litecoin continue to rise, or will it flounder? Only time will tell.
What will litecoin be worth in 2030?
Litecoin, a peer-to-peer cryptocurrency, has recently seen a huge jump in price. The price has soared over 200% in less than a month, with the growth seemingly non-stop. Such growth has everyone wondering whether or not this growth will be sustained. Well, that’s what we’re here to find out. As with all cryptocurrency price predictions, there are many factors that will contribute to the future growth of litecoin’s value. We’re going to focus on three main factors: current price, future adoption, and future development. Litecoin, the (cryptocurrency) that powers the #7 cryptocurrency, has been in the news a lot lately. It’s been getting a lot of attention because of its growth and its potential to overtake #5 (Ethereum) on the cryptocurrency market cap list. This week, the price of Litecoin has been at an all time high, and it’s looking like LTC is going to continue to grow and overtake ETH on the market cap rankings.
What will litecoin be worth in 2020?
“Where can I buy Bitcoin?” is one of the most common questions we get asked. There are a number of different ways to acquire Bitcoin. You can buy it through an exchange like Bitstamp, where you can also trade US dollars and other currencies for Bitcoin. Or if you have some cash on hand, you can use it to invest in Bitcoin mining. Anyone following the crypto world knows that Litecoin has been flying high this year. From all time lows of $3, to highs of $62, litecoin has grown by over 8x in just 3 months. That being said, it’s natural to wonder where this is all going to head. People have been predicting the price of litecoin since it’s inception, but more recently, we’ve seen a lot of speculation about where the price will be in the future. One of the more ambitious predictions I’ve seen was from a blogger on Medium who predicted that litecoin could be worth $260 in 2020.
Feedback,litecoin price prediction 2025,litecoin price prediction 2030,litecoin price prediction today,litecoin price prediction 2021,xrp price prediction,litecoin price prediction today india,litecoin price prediction reddit,litecoin price prediction december 2020