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Litecoin is one of the oldest and primitive cryptocurrency after Bitcoin which was founded way back in 2011. The cryptocurrency which was a tough competitor to Bitcoin always secured its place within the top 10 cryptocurrency list according to market cap.

 Interestingly, the founder of Litecoin, announced the project on a popular Bitcoin forum and termed as a ‘Lite version of bitcoin’. And hence share similar features as the most dominant crypto.

Do you want to be a LTC holder? If yes, are you sceptical about the future prospects or price movements?

Then you have landed at the right place, as by the end of this composition, one can look at the required LTC volume in his wallet.

Overview

Cryptocurrency Litecoin
Token LTC
Price $ 137.9800
Market cap $ 9,218,177,441.0000
Circulating Supply $ 66,752,414.5154
Trading Volume  $ 1,545,098,163.0000
All time high $ 410.2600     May 10, 2021
All time low $ 1.1500     January 14, 2015

Fundamental Analysis Of Litecoin

Litecoin is a peer-to-peer cryptocurrency developed by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin was released via an open-source client on GitHub in the year 2011.

LTC is one of the most popular and grounded cryptocurrencies in the world, being in existence for seven years since 2011. It is more accessible to the people than Bitcoin, hence known as the “silver” of the crypto world and Bitcoin referred to as “gold” of the crypto world.

Also Read: Bancor Network Token Price Prediction, Will BNT Price Hit $10 by 2021?

Litecoin Price Prediction 2021

With a trading value of $132.32, Litecoin resumed the year 2021. On a bullish note, the coin dramatically started to escalate. By the mid of February, the price surpassed $200 and further keeping the uptrend intact, the price reached the yearly highs at $335.

LTC could hit newer heights by enrichment of its platform with certain integrations and collaborations. The currency might smash the precious ATH at $375 and keep surging and may surpass $500 by the end of 2021.

Litecoin Price Prediction 2022

Litecoin might commence the year 2022 with a trading cost of $365 to $450. LTC anticipated plunging further if the bears acquired the market for a longer period. The community might focus on the up-gradation of its platform and the currency might intensify. Litecoin is expected to hit as high as $600 at the end of 2022. Or if the bears outpower the market, then the price may slash below $500 or even below $450.

LTC Price Prediction For Next 5 Years

In the next 5 years, Litecoin could be in the top 5 cryptocurrencies list, and it might be a highly accepted cryptocurrency in digital payments. LTC could escalate if the crypto influencers have a positive outlook on the currency as well as its performance. By the end of 5 years, the highest Litecoin’s price could be $800.

Litecoin Market Prediction

1) Trading Beasts

According to TradingBeasts, by the end of 2021, LTC could trade around $290 with a consistent increase in the price. The price is anticipated to reach $489 at the end of 2024.

2) LongForecast

According to LongForecast, Litecoin will trade in between $565 to $724 by the end of 2021 and experience a plunge in 2022. The price is expected to decline and maintain a narrow trend until the end of 2025. 

3) DigitalCoinPrice

According to DigitalCoinPrice, Litecoin could trade around $378.27 by the end of 2021. Further the price may trade around $466 in 2022 and $534.68 by 2023. However by the end of 2025 the price may hit highs at $777.34.

4) Primexbt

Primexbt predicts the price to hit $600 or more by the end of 2021 and witness a plunge after smashing highs at $2000, straight to $200 in 2022-23. Yet the platform believes the price has a potential high around $10000 by 2024-25.

Our Litecoin Predictions

With a trading value of $132.32, Litecoin entered the year 2021. Later, the price consistently started to soar with certain variations. Several recognized institutions could invest in Litecoin and accept LTC as a payment. The price may further surge with the bull’s acquaintances. At the end of 2021, the highest Litecoin’s price is anticipated to be $550 or even more.

Also Read: DigibytePrice Prediction 2021 – Will DGB Price Hit $1 ?

Historical Market Sentiments

2013

The coin was launched on October 11. Initially, its price was very low, about $3 for quite a long time. Only in November 2013, the price had a significant price movement. LTC jumped three times higher and hit $40 within a few days.

2014

However, in May 2014 Litecoin dropped to $10 and then in October to $3 per coin. Then the crypto was traded between $1 and $4 for three years, until 2017.

2017

In March 2017 Litcoin announced the launch date of their SegWit protocol which affected the rate and the coin achieved $16. Then in May LTC launched the protocol which pushed the price to $30. Also, the dev team implemented Lighting Network which attracted more attention to the coin.

Later LTC achieved $70 in September and then went back to $40. However, the whole market was bullish and Bitcoin set new price records. So in December 2017, Litecoin reached $100 per coin. Dramatically the price reached the $330 mark and further plunged to $250.19 by the end of December 2017.

2018

In 2018, the LTC price chart demonstrated a descending trend. LTC started the trade at $244.09 by early January. Further, the price plunged to reach the low of $116.46 during April.  Later in the mid of December, LTC shockingly dropped to $24.50 with the bear’s acquaintances. Further, the price started to pour and managed to reach $28.74 at the end of 2018.

2019

In 2019 Litcoin continued its price growth by trading at $31.94 by early January. Surprisingly, the price followed an upward movement to reach $141.38 by the end of June as Bitcoin’s price hit $12,000. The price again started to slide further.  At the end of December 2019, LTC was trading at $42.23.

2020

Overall, the Litecoin price in 2020 has been somewhat stagnant. It started the year at $41.67, and though it practically doubled in price and surged above $80 in February, The heat started to exit the market quickly and LTC was not immune from the mid-March crypto flash crash due to the Covid-19 outbreak. 

In the first month of the second quarter, LTC started to trade at $39.84. Later,  the price steadily started to improve. With certain price swings, LTC reached $66.65 by mid-August and plunged further. On a bearish note, the price progressively started to pour. With the expansion of Bitcoin’s price rally, LTC was trading around $87 by the end of November. Following the price surge, LTC ended the year 2020 at the trading price of $128.

Also Read: PundiX (NPXS) Price Prediction, How High Will The Price Go In 2021?

FAQ

Is Litecoin a good investment?

Yes, Litecoin might be a good investment if you are thinking of investing for a long-term. 

Will Litecoin break its previous price records in future?

Yes, Litecoin might definitely break its previous price records as it is anticipated to rise.

What will be the price of Litecoin in future?

In future, Litecoin might trade around $690.

Where to trade Litecoin?

Litecoin can be traded at exchanges like Binance, Bitrue, Coinbase Pro, OKEx, HitBTC and many more.

Can Litecoin be halved?When is the next Litecoin halving event taking place?

Yes, Litecoin can be halved, and in 2019 the community completed its halving procedure. The next LTC halving event can take place in 2023.

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

‘Be Patient- Bitcoin Price To Recover’ Says A Popular Analyst

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The global market capitalization for the past couple of days is experiencing an extreme drain. Most of teh crypto assets are registering a consecutive 5 red daily candles in a row. The huge selling pressure accumulated on the Bitcoin price has compelled it to bottom below $38,000. By trending very close to the support levels around $37,000, the fear of BTC price revisiting levels around $34,000 hovers. 

Despite the bearish sentiments surrounds the assets, yet it is believed that the price will recover very soon. A popular analyst Alan Santana, suggests his followers to patiently wait until the price flips the bears. He also said that some people are already giving up Bitcoin, falling into the trap of ‘Panic Selling’. And also asked his followers not to join them, rather wait until the next pump.

Also Read: Dogecoin Price Feared To Continue With A Bearish Trend, Is $0.2 At Stake?

btcchart

The price seems to be following the path led by the analyst as it bounced significantly on visiting the support zone at $37,978. With a significant bounce, the price could surge close to $40,000 or above. However, yet the chances of forming lower lows still hover the rally. And in such a case, the price could even visit the lower support at $35,700 and rebound. 

However, $35,700 are among the strong support levels and if in case, the Bitcoin price fails to sustain, then a plunge below $34,000 may be imminent. But considering the indicators, the RSI has already bounced back and MACD showcases ease in the selling volume. And hence considering the factors a bounce above $40,000 may be on the way for BTC price.

Also Read: Cardano(ADA) Price Spikes As Bitcoin & Ethereum Yet To Manage The Trembled Situation!

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