Nobody knows what the future holds for cryptocurrencies, but one thing is for certain: 2018 is shaping up to be an exciting year for blockchain technology. Litecoin may be one of the most under-appreciated of all cryptocurrencies right now. Whether it’s a pump and dump scheme or not, the coin has been on fire lately. The price of Litecoin has skyrocketed in the past few hours. Currently, it’s being traded at $199.73, which put it only $10 away from breaching $220. Since it’s an alternative to bitcoin, a lot of investors are expecting Litecoin to breach that mark as well and shoot up in value. This is a more realistic figure, as Litecoin is
The value of LTC has increased significantly over the past few days, but this is nothing new for the cryptocurrency. The value of LTC has always been volatile, and the currency has been a profitable investment for a lot of people. Over the past day, however, the value of LTC has increased by nearly $30, and some people are predicting that the price will continue to rise.
The price can be predicted by looking at the trend of Litecoin price change over the past few days. And this chart tells that Litecoin prices are showing a strong bullish trend and it can breach $220 level to hit the $250 level in near future. This chart is created by using the data of Litecoin price change on different exchanges. From the chart, we can learn that:. Read more about litecoin price correction and let us know what you think. Summary of the situation
- Tonight, LTC tested support again at $170.
- A slightly higher peak was reached in the last 24 hours.
- The next resistance is at the $220 level.
The Litecoin price forecast for today is bullish as the market has continued to move higher over the past 24 hours. The previous support level at $170 was tested overnight, followed by a further rise. From here, the market should break through $220 resistance in the next 24 hours. Heatmap for crypto-currencies. Source: Coin360 Overall, the market has traded in the green for the past 24 hours. Bitcoin is up 4% and Ethereum is up 7%. VeChain is one of the best performing companies, with growth of over 16%. LTC/USD opened today at $183.95 after yesterday’s consolidation and a brief retest of $170 support. Therefore, today we should see another attempt to rise to the $220 level.
Litecoin price movement in the last 24 hours
The LTC/USD price fluctuated between $170 and $204, indicating moderate volatility in the cryptocurrency. In the past 24 hours, the trading volume has dropped by 16.2% and the total market value is $12.8 billion, putting the cryptocurrency in 15th place overall.
LTC/USD 4-hour chart – LTC rising
On the 4-hour chart, we can see that the price of Litecoin has been moving up over the past 24 hours, with a higher high reached earlier today. LTC/USD 4-hour chart. Source: TradingView The market as a whole continues to decline after hitting a new all-time high of $413 last month. Since then, the LTC/USD has fallen more than 70% and reached a new key trading range at $120. Therefore, the bears have probably exhausted their strength and we can expect a significant market pullback in the coming days. Looking at last week’s price action, we can see that the bears only managed to reach a slightly lower low on the last downward push. This means that the current rise above $200 could be the last lower top we see. From here, LTC/USD should form a higher low and make up for the losses of the past few weeks. The first strong signal for a market reversal would be a clear breakout above the $220 resistance level. From here, the Litecoin price should set a higher low and begin an upward trend. However, the best option is to wait for the Litecoin price to move further, as entering the market could mean further losses in the coming days.
Litecoin Price Forecast: Supplement
The Litecoin price outlook is bullish now that a higher high has been reached in the last few hours and local support was found overnight at $170. Therefore, we expect LTC/USD to move higher today and break through the $220 level. From there, the whole price structure will become even more bullish. In anticipation of further Litecoin price movements, read our latest guides on buying Cardano, mining Zcash and Litecoin mining software. 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.Litecoin bulls are getting ready to ride the wave of success, as the asset is on track for a significant price growth—at least according to a published report by cryptovideochannel.com. The main reason for this, according to the report, is that Litecoin is significantly undervalued, and this is directly related to Bitcoin’s recent performance.. Read more about bitcoin forecast and let us know what you think.
Frequently Asked Questions
What will litecoin be worth in 2025?
Litecoin has really been flying high lately, with prices surging to an all-time high of $292.70 on October 12. What are the reasons for this rally? You might be surprised to learn that one of the most important factors is the recent halving of bitcoin mining rewards—but don’t worry, we’ll explain how it could help litecoin in the long run. So what’s going on? Since the creation of bitcoin in 2009, the reward for mining has been 50 BTC per block. This reward will be halved every four years, until it reaches zero in 2140 (the year some people think bitcoin will stop being mined). The first halving occurred on November 28, 2012, Litecoin continues to surge in price and popularity. In this article, I’ll explore the factors behind its recent spike in popularity and what I think the future holds for this cryptocurrency. After suffering from a prolonged period of stagnation, the price of litecoin exploded, rising from $4.1 on 14th of December to $215 at the time of writing. A cryptocurrency is a digital currency that relies on cryptography to secure transactions and control the creation of new units. There are several hundred cryptocurrencies trading at any given time, but two that have had the greatest impact on the world are bitcoin and litecoin.
Will litecoin reach $10000?
The entire cryptocurrency market is on a tear right now, thanks to Bitcoin’s spectacular performance since the new year. The King of Crypto has continued to break through all-time highs, and many people are speculating that it will soon hit $10,000. That’s left many investors wondering which other coins will follow suit, and which ones they should be investing in. There is one coin that has so far gotten a lot less attention than its rivals, but that may just make it a great investment opportunity. Litecoin has always been seen as the “silver” to bitcoin’s “gold”—a less functional, but easier to obtain version of the world’s most popular cryptocurrency. But in recent months, the litecoin price has risen from around $50 to more than $200, at the same time that bitcoin’s price has been crashing. So now the question on everyone’s mind is: can litecoin rise above its “silver” reputation and become a new kind of “gold” in the cryptocurrency world?
Does litecoin have a future?
Every day, new cryptocurrencies are announced and platforms are launched in the hope of developing the next Bitcoin or Ethereum that will make the founder rich. But, what innovations can litecoin bring to the table that would make it different from bitcoin? Could litecoin price prediction 2025 be the next Bitcoin? Let’s find out! As a cryptocurrency, Litecoin is generated by mining, similar to Bitcoin. Mining Litecoin with a standard PC or GPU is pointless, as it will hardly get any rewards. To mine Litecoin, you need to invest in a specialized mining rig with graphics cards, also known as GPU mining. This is a more efficient way to mine Litecoin, but it is more complicated and expensive to get started.
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