Litecoin Historical Price Data
Currently, Litecoin is being traded around 49.27 USDT and we could see it bouncing to 48 USDT. Litecoin was able to massively surge in recent days after Bitcoin’s impulse towards $13,000. Litecoin was able to reach 57 USDT per coin and traders expect the digital currency to now test the nearest support level of 53 USDT per coin before being able to continue growing. The positive prediction is supported by DigitalCoinPrice, which sees LTC trading at around $106 by the end of this year. According to the technical analysis done by TradingBeasts, they see the coin in two or three years, as a good investment that will bear handsome returns. Litecoin is the 7th largest digital currency in the market with a market cap of over $4.9 billion.
WalletInvestor gives a negative long-term LTC price forecast and at the end of 2020, it expects the coin to achieve $40 per coin. For the next half a year Litecoin will fluctuate from USD 20 to 40. In July 2021 it will start gradually falling and will reach $4 in August 2021. December will be a good month for the crypto and LTC will jump to $25. Another important price factor is that Litecoin is designed as a payment tool. The coin is widely used by various businesses and merchants around the globe.
Ltc To Usd Price Comparison:
However, the retraced candle body tested the 78.6% Fibonacci retracement level. This implies that the coin will rise and reach level 1.272 Fibonacci extension or $48.12 high. Unfortunately, the coin will reverse at that price level to the 78.6% Fibonacci extension level where it originated. LTC price has broken the 21-day SMA but unable to break the 50-day SMA. More so, the upward move is doubtful as price faces rejection at $47.50. Also, the coin is at level 49 of the Relative Strength Index period 14. Each time the coin rebounds, LTC will fall back to the current price range between $45 and $47.
- While this may not affect our litecoin price prediction too much, it is nice to see that LTC is gaining more and more visibility.
- On the upside, if buyers clear the resistance levels, the coin will rally above $51.
- For instance, Litecoin price prediction for 2021 is about $50 on average.
- The first partnership was with Glory, an international kickboxing promotion company which was founded in 2012.
However, this doesn’t stop people from trying to predict what the price will be using different metrics. The total cryptocurrency market gained about $15 billion in the past 24 hours of trading as Bitcoin claimed a high that we haven’t seen since January 2018.
Since July 2019, Litecoin went live on Flexa in partnership with the Litecoin Foundation, supporting point-of-sale payments with LTC at more than stores across the US. This development goes hand in hand with Litecoin’s ongoing efforts to receive wider acceptance among a broader range of cryptocurrency exchanges, developers, ATM providers, casinos, etc. Litecoin aims to deliver a higher level of integration with various industries. Cross-industry integration is yet another promotional hallmark of Litecoin which its developers want to turn into the currency’s strengths.
Only in November 2013, we can see the first significant price movements. These days, Bitcoin grew to $1000 and then fell to its previous positions so Litecoin totally followed its price movements. However, in May 2014 Litecoin dropped to $10 and then in October to $3 per coin. After the correction, the crypto was traded between $1 and $4 for three years, until 2017. The leader in blockchain https://beaxy.com/exchange/ltc-btc/ news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.
— CryptoCoinScanner (@coin_scanner) October 25, 2020
The coin was created in 2011 and was built on the same blockchain as BTC. In this piece, we are going to review a few expert predictions, news events, and analysis of the charts to see why 2020 seems promising for LTC.
The cryptocurrency is quite close to Bitcoin, although some key differences make this blockchain-based project different from BTC. The primary benefit of Litecoin is its high speed and affordability, which makes this cryptocurrency extremely useful in carrying out transactions. There is no time delay in settlement of the payment and virtually transactions can be completed without any transaction fee. Although Litecoin can’t match the speed and affordability of Ripple, ltc coin price it is still a much better option compared to Bitcoin in terms of transaction speed and affordability. Charts can potentially be a very useful tool for both short-term trading and long-term investing. Long-term investors may use charts to look for tradeable technical patterns, or to spot trends in the market. Long-term investors may use charts to look for areas to buy or sell at, such as when prices pullback to a previous breakout level or start to make fresh highs.
It is also extremely popular with retail investors, traders, and more. Litecoin has been struggling to reclaim its previous all-time high, and according to analysis lower prices could be met before some of the biggest price predictions are ever reached. On the lowest end of the scale, analysts see $18 as the https://tokenexus.com/ absolute bottom for Litecoin in the days ahead. Technical analysis can be used to help investors and traders come up with a short-term and long-term price prediction for Litecoin, beyond just speculation. Here’s a breakdown of LTC price predictions broken down by year from some of the best industry analysts.
Litecoin is a very well-established cryptocurrency, as it was one of the very first coins to gain traction after Bitcoin entered the scene in 2009. Litecoin was launched in 2011 by computer scientist Charlie Lee and has been one of the most relevant altcoins for practically its entire existence. With so much going on in Litecoin’s favor, it is easy to see why analysts and industry experts have made such strong https://topcoinsmarket.io/ Litecoin price predictions. Using the facts and predictions found in this guide, investors can determine if investing in or trading Litecoin is right for them. Litecoin has also consistently stayed in the crypto market top ten by market cap, a feat that not many other altcoins can claim. Litecoin is supported by most countries regulatory entities, as it is among the earliest cryptocurrencies to hit the market.
Furthermore, the technical indicator RSI is currently moving below the 50-level which may likely cause the market to begin another fresh downward movement. Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Against Bitcoin, Litecoin is still following a sideways movement within the channel and the coin is currently trading at 3977 SAT. With the bearish volume accumulating on the chart, the price may likely fall to 3900 SAT before reaching the 3800 SAT and below. Looking at the daily chart, LTC/USD is bearish and all the gains accrued by the pair from October 22 have been cleared by the bears.
#CRYPTO is shooting up! Use https://t.co/Quu5i39vrv to find where COINS are moving. Track crypto with HIGH buyers and moving in PRICE!#BTC #ETH $AMPL $LRC $REN $QNT $RSR $STX $BAND $NEXO $XTZ $KSM $CEL $OXT $ATOM $MANA $ONT $WAVES $DCR $LTC pic.twitter.com/MESF41sHdK
— Marko Omcryptokus (@omcikusmarko) October 31, 2020
In fact, more Bitcoins in terms of U.S. dollars are moved each day than Litecoin’s entire market capitalization. The number 2 and 3 positions on CoinMarketCap as of July 2018 are occupied by platform ltc coin price coin Ethereum and foreign currency lubricant Ripple, respectively. Both boast market caps many times that of Litecoin, which settled into the number 6 global market capitalization position.
Previously, the cryptocurrency was expected to test the $50 resistance. An ascending trendline which was converted into a support by the cryptocurrency https://beaxy.com/ is expected to be met after LTC falls short. Litecoin was invented by Charlie Lee in 2017 with a specific objective in his mind.
Charts provide a simple, graphic depiction of market activity for easy reference. With the market being so volatile, predicting the price of the cryptocurrencies is really one of the most difficult tasks.
Market Wrap: Bitcoin Sinks To $11 6k As Ether’s Gas Keeps Rising
At the time of writing, Litecoin had a value of $39.69 and had a market cap of $2.5 billion. The currency has had a price increase of 0.5 percent in the last 24 hours. From the price action, Litecoin has the possibility of a further upward move.
Litecoin’s creation stems from a dispute between Bitcoin developer Charlie Lee and the mainline Bitcoin community. Between February and June 2011, Bitcoin’s price rose from $1 to $31, a huge increase. To resolve this issue, he created a hard fork of Bitcoin’s code to form a new, faster, and cheaper coin dubbed Litecoin.