The 24-hour price movement chart indicates that $2,770,502,536 worth of LTC was trading . I believe its the perfect time to https://tokenexus.com/ invest in those cryptocurrency. The only big negative in the Litecoin arena is, ironically, its similarity to Bitcoin.
Diversification is the key to successful investing, as it can potentially assist in the mitigation of risk, while also potentially smoothing out portfolio volatility. It may, therefore, be wise to consider a number of cryptocurrencies when making a long-term investment in this arena. It is the eighth largest cryptocurrency platform by market capitalization.
Litecoin Price (usd)
The chart shows LTC accumulating near the end of the triangle where it is also expected to move towards the resistance to test. Given this trade pattern, the cryptocurrency should build enough bullish momentum to break towards the upside and rise above the triangle pattern. The analyst is of the opinion that LTC will reach for the $200 mark after the breakout occurs. The altcoin finally made a bullish run for the $50 mark, as anticipated over the past weeks. The cryptocurrency began its uptrend during the afternoon of the 9th of October, while the bulls kicked in with a higher momentum by the start of the 10th of October.
As the world dips into one of the most uncertain economic times in living memory, we may well witness a repeat of the cryptocurrency crash of March 2020. https://topcoinsmarket.io/ MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis.
Litecoin (ltc) Social Media Trends
Litecoin might even shine ahead of its peers and become one of the most traded cryptocurrencies. DigitalCoinPrice states that Litecoin pricemight reach $106 by this year-end. Wallet Investor has been always upfront in projecting its conservative prediction for all the cryptocurrencies. They https://www.beaxy.com/ have again come out with a conservative prediction for Litecoin, where they believe that Litecoin might reach $22.95. Currently, Litecoin is trading at $53.53 with LTC price 3.29% down today. The market cap of Litecoin is USD 3,520,504,037 with 65,772,403 LTC circulating currently.
Once it is out of the way, the upside is likely to gain traction with the next focus on $64. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. https://www.beaxy.com/exchange/ltc-btc/ He has helped write, translate, and localize the material related to cryptocurrencies and blockchain. The 2-year triangle began forming when LTC approached its all-time high in December 2017.
Litecoin would be having in 2023, where the block rewards would get halved and becomes 6.25 LTC. This would push the Litecoin enthusiasts to trade and invest as the halving process enables the coin to surge its value.
LTC price even increased during the period from December, 8 to January, 30. LTC coin is very similar to its predecessor but has some significant differences. In 2017, Litecoin became the first cryptocurrency to implement ltc coin price the SegWit to solve the scalability problem. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
- The Chinese and Korean governments have both loosened their stance toward cryptocurrencies in general, opening the door to potentially billions of new investors.
- The Litecoin price prediction after halving is very optimistic as per the experts’ opinions.
- Litecoin is also popular in China, and many market observers believe that China and Asian markets in general will lead the next big wave of cryptocurrency adoption.
- Even the adoption rate is fairly high as very recently, Litecoin logo was advertised on the mat of UFC, a famous fight and that helped in grabbing eyeballs.
- Litecoin boasts a more accessible price point – for the time being, anyway – than Bitcoin, making it more attractive to new investors who want to own an entire coin.
- Even a new shopping center in Singapore has installed an ATM that accepts Bitcoin and Litecoin.
Very little tech has survived from 2008 unchanged, from mobile phones to laptops to solar panels. Although its introduction was revolutionary, its underlying code has aged somewhat poorly. Bitcoin was never really designed to handle the kind of traffic the network currently demands, and so speed and scalability issues have plagued the Bitcoin community since shortly after its rise to prominence. This has a resulted in at least 30 legitimate forks of the coin’s open-source code, almost all geared toward improving Bitcoin’s average transaction speed. It is also one of the more liquid coins, and easier to trade to fiat when compared with other altcoins. It further offers a little more diversification than other forms of digital money in that it is considerably more affordable than bitcoin, giving it more room for growth.
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As these lines are being written, the cryptocurrency holds support above the $49.5 mark. Litecoin blockchain adds a new block every 2.5 minutes while in case of Bitcoin, the new addition takes 10 minutes.
Litecoin is one of the oldest cryptocurrencies in existence and launched in October 2011 as a fork of Bitcoin. It shares many of the same characteristics as Bitcoin but strives to be lighter and faster and as a result, exhibits shorter block generation times of approximately 2.5 minutes. This allows for both faster transaction clearance and in turn, lower transaction fees than Bitcoin. The price of Litecoin today is $52.56 USD, which has decreased by -3.6372 (-6.47%) over the last 24 hours. The total number of LTC coins in circulation stands at 65,797,127 and $47,269,856 USD has been traded for the LTC/USD pair across exchanges over the last 24 hours.
— CryptoCoinScanner (@coin_scanner) October 25, 2020
Litecoin Price Charts And History
Like Bitcoin, Litecoin is a cryptocurrency with enormous long-term projected growth. This helpful Litecoin Price Prediction guide will help investors understand if LTC will rise like Bitcoin and reach prices of $1,000 or more in 2020 and what it will reach beyond 2025. The second factor that affects the price of digital silver is new technologies. Litecoin was at the forefront of modern and relevant technologies. It was the first to implement SegWit protocol and Atomic swaps also, it has implemented the Lighting Network.
Litecoin is one of the top 5 cryptocurrencies with a promising future. Litecoin has many more milestones to achieve and can be dominant in the future. By 2030, Litecoin would have gone through its 4th halving process, and it is expected ltc coin price to grow manifold. It might grow upwards and become one of the top 3 cryptocurrencies if it keeps on with the technological trends. By 2030, Litecoin might reach a whole new level and the value might soar high above $1500.