Currently, Litecoin coin price is $84.7103 with LTC price 1.42% up today. The Litecoin market capitalization is USD 4,898,240,721 in the market with 57,530,382 LTC coins circulating currently. The 24-hour price movement chart indicates that $4,873,415,922 worth of LTC Coins were trading. The price value peaked at $85.3743 in the past 24 hours while the lowest price value was $81.9109.
There is a possible increase in the value of LTC coin price, which is predicted to increase to at least $150 by the end of this year, which is an expected increase of a healthy 92%. The Litecoin price prediction is made on the basis of the fact that it is the third most valuable cryptocurrency in the world.
Litecoin is created by Charlie Lee, an ex-Google employee, to had the vision to create something which is lighter and cheaper than Bitcoin, hence the name. On October 7, 2011, Litecoin was released by an open source client on GitHub. Litecoin is formed from Bitcoin, with similar features and characteristics. So, it is the fork of the Bitcoin. Litecoin is an improved version of Bitcoin will lesser brand awareness.
Litecoin is one of the most under-valued and grounded cryptocurrencies in the world, being in existence for seven years since 2011. Litecoin is more accessible to the people than Bitcoin, hence known as “silver” of crypto world and Bitcoin referred to as “gold” of the crypto world.
Litecoin has been the most undervalued cryptocurrencies in the past years. If you had invested towards the beginning of 2017, when the price was $4.5, then by the end of 2018, you’ll be making 8000% gain, which is fantastic. Another great thing about Litecoin is that it has the fourth largest trading volume, which means the buying and selling operations are more.
With the market being so volatile, predicting the price of the cryptocurrencies is really one of the most difficult tasks.
Let’s consider the publications and personalities, and their statement regarding the LTC price prediction, which will give us a fairer idea:
According to the technical analysis presented by Walletinvestor, they predicted that by next year, it will reach around $414 and that it is good for investment in the long run.
#2 Oracle times
According to Oracletimes, Litecoin’s advantages over Bitcoin makes it investment-worthy and it will reach to around $1000 by the end of 2019. They even stated there are other predictions, which says it might reach even $2000 mark.
According to investingpr.com, the price of Litecoin will reach $400 by the end of the year.
#4 George Tung
George Tung, a cryptocurrency analyst predicted that the price of Litecoin will rise as high as $1000 towards the end of the next year.
Kelly, the head of BK Capital Management (LLC) states that Litecoin price will reach $400 by this year end. That’s a conservative approach by the wall street trader. He says it might reach even $600.
If the bear kicks in, there will be a tough time for not only Litecoin but all the other cryptocurrencies. But if the market becomes bullish, which is mostly forecasted by most of the traders and investors, then LTC will reach to minimum $150. LTC price growth rate becomes unstoppable in the coming years.
Litecoin price can reach $150 in 2018 if the market shows an uptrend.
LTC will maintain its rate at between $150 to $250. November will experience the maximum price for this year, it being $250, after which again it will decrease to $230. May, June, and July will see a rise in its rate of growth.
Read more: Get the top and best Litecoin wallets.
As 2020 is expected to turn out to be the most prominent year for cryptocurrencies, LTC also experiences an upward surge. It will start around 250$ where it reaches 400$ mark in the first quarter. In the month of June, LTC will be $500, after which it stays onto the 500 dollar mark. By the end of the year, i.e, in December, it decreases a bit and goes to $470.
The Litecoin price prediction is done based on the fact that it is the 6th most valuable cryptocurrency in the world. Litecoin price prediction suggest that the Litecoin price is up for a long-term 962.28% in the LTC value with a 5-year investment, which means that in the year 2023, the Litecoin Price is forecasted to stand at $905.12.
As the currency is gaining more popularity, the acceptance ratio is increasing. It is already high as compared to the other newcomers. The price is going to soar pretty high in the year 2022 and 2023, where it can reach the 900 dollar mark. You can convert LTC to BTC from CoinSwitch at best rates.
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2019-01-23 06:34:29.014029 | 2 min
2018-12-31 06:50:06.796400 | 2 min