In the crypto world, many projects and startups focus on improving transaction speed. Litecoin is the first cryptocurrency to implement faster transaction technology.
advertising
Are you in a dilemma about investing in Litecoin? Or do you already own but not sure where the prize will go?
Don’t be confused. This article provides detailed data on Litecoin price prediction 2021 and beyond. Let’s see where the LTC price goes to.
overview
| Cryptocurrency | Litecoin |
| character | LTC |
| price | $ 192.7600 |
| Market capitalization | $ 12,859,349,125,0000 |
| Circulation supply | $ 66,752,414.5154 |
| Trading volume | $ 2,142,746,078,0000 |
| All time high | $ 360.6600 December 18, 2017 |
| All time low | $ 1.1500 Jan. 14, 2015 |
What is litecoin? [LTC]?
Litecoin is a peer-to-peer cryptocurrency created by Charlie LeeThe cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, the hard cap, block transaction times and a few other factors. Litecoin was published on GitHub in 2011 via an open source client.
Litecoin is one of the most popular and grounded cryptocurrencies in the world and has been around for seven years since 2011. Litecoin is more accessible to people than Bitcoin, hence known as the “silver” of the crypto world and Bitcoin as the “cryptocurrency”.gold“The crypto world.
Litecoin price analysis 2013 – 2020
2013
The coin was launched on October 11th. Initially, their price was very low, around $ 3 for a long time. We were not able to observe the first significant price movements until November 2013. LTC jumped three times higher and hit USD 40 in a matter of days.
2014
However, Litecoin fell to $ 10 in May 2014 and $ 3 per coin in October. Then the crypto traded between $ 1 and $ 4 for three years through 2017.
2017
In March 2017, Litcoin announced the start date of its SegWit protocol, which affected the rate and the coin hit $ 16. Then LTC launched the protocol in May, which raised the price to $ 30. In addition, the development team implemented the Lighting Network, which drew more attention to the coin.
LTC later hit $ 70 in September and then went back to $ 40. However, the entire market was bullish and Bitcoin set new price records. In December 2017, Litecoin hit USD 100 per coin. The price dramatically hit the $ 330 mark and continued to drop to $ 250.19 by the end of December 2017.
2018
In 2018 the LTC price chart showed a downward trend. LTC started trading at $ 244.09 in early January. Additionally, the price fell to a low of $ 116.46 in April. Later in mid-December, the LTC shockingly fell to $ 24.50 as it failed to maintain resistance levels. Further, the price started flowing and reached $ 28.74 at the end of 2018.
2019
In 2019, Litcoin continued its price growth, trading at $ 31.94 in early January. Surprisingly, the price followed an upward move and hit $ 141.38 in late June when Bitcoin price hit $ 12,000. The price began to drop again. At the end of December 2019, LTC was trading at $ 42.23.
2020
Overall, the Litecoin price stagnated somewhat in 2020. It started the year at $ 41.67, and although the price practically doubled to over $ 80 in February, the heat quickly began to fade from the market and LTC was not immune to the Crypto Flash crash of In mid-March due to the Covid-19 outbreak.
In the first month of the second quarter, LTC began trading at $ 39.84. Later the price began to improve steadily. With certain price swings, LTC hit $ 66.65 in mid-August and continued to plummet.
In bearish terms, the price gradually began to flow. With the Bitcoin price rally widening, LTC was trading at around $ 87 in late November. After the price surge, LTC ended 2020 at the retail price of $ 128.
Litecoin price prediction 2021
At the beginning of 2021, LTC was trading at $ 132.32. In a bullish fashion, the coin began to escalate dramatically. The altcoin even attracted institutions, with Greyscale buying 10,234 Litecoins. The altcoin could reach new heights by enriching its platform with certain integrations and collaborations. According to sources, the platform could announce a velvet fork that will create a bridge between Litecoin and Cardano to increase its prices. This fork is introduced in combination with a non-interactive proof of work that allows users to independently decide whether or not to apply the update to their blocks.
The currency could reach higher levels of $ 500 by December 2021.
LTC price prediction 2022
Litecoin could start 2022 with trading costs of $ 400. LTC expected another dip if the bears bought the market for an extended period. The community could focus on updating their platform and the currency could step up. The crypto is expected to hit up to $ 800 by the end of 2022.
Litecoin 5 year price prediction
In the next 5 years, Litecoin could be in the top 5 cryptocurrencies and be a highly accepted cryptocurrency in digital payments. By 2030, Litecoin would have gone through its fourth halving process, and it is expected to rise sharply. LTC could escalate if the crypto influencers have a positive outlook on the currency and its performance. At the end of 5 years, the highest Litecoin price could be $ 1.5,000.
LTC market forecast
Let’s look at the publications and personalities and their statements about the LTC predictions that give us a fairer idea:
1) trading in beasts
According to TradingBeasts, LTC could hit a high of $ 108 by the end of 2022 on a steady rise in prices. The price is expected to hit $ 133 by the end of 2023.
2) LongForecast
According to LongForecast, Litecoin will trade between $ 80 and $ 90 over the course of 2022, and the price could drop to $ 50 by the end of 2023.
3) DigitalCoinPrice
According to DigitalCoinPrice, Litecoin could trade around $ 145 by the end of 2022.
Our Litecoin predictions
Litecoin is becoming increasingly popular, and the acceptance rate could also increase. It’s already high compared to the other newcomers. Several recognized institutions could invest in Litecoin and accept LTC as payment. The price will go up pretty steep in 2021 and 2022, where it can hit the $ 500 to $ 600 mark.
FAQ
Is Litecoin a Good Investment?
Yes, Litecoin might be a good investment if you’re looking to invest for the long term.
Will Litecoin break its previous price records in the future?
Yes, Litecoin could definitely break its previous price records as a spike is expected.
What will the price of Litecoin be in the future?
In the future, Litecoin could trade around USD 690.
Where can you trade with Litecoin?
Litecoin can be traded on exchanges such as Binance, Bitrue, Coinbase Pro, OKEx, HitBTC and many others.
Comments are closed.