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. The Chinese and Korean governments have both loosened their stance toward cryptocurrencies in general, opening the door to potentially billions of new investors. 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. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. Litecoin is in second spot to Bitcoin and has spawned numerous clones – however it has a solid base of support and dedicated development team. The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support. In May 2017, Litecoin became the first of the Top 5 cryptocurrencies to implement the SegWit scaling solution.

John Kim, Litecoin Foundation

It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market https://tokenexus.com/ and derivatives such as CFDs , Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk.

You can buy Litecoin at any exchange that supports the cryptocurrency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Looking at the chart, litecoin price is clearly trading in a strong uptrend above $52.00 and the 55 simple moving average (4-hours). Overall, the price is likely to continue higher above $55.50 and $56.50 in the near term. LTC price is currently trading above the $54.00 support level and the 55 simple moving average (4-hours). Against Bitcoin, LTC is still following the downward movement, as the coin recently exploded under the 9-day and 21-day moving averages while trading at 4039 SAT and continues to fall towards the 4000 SAT. Meanwhile, the critical support level is located below the lower boundary of the channel at 3800 SAT and below.

Litecoin, or LTC, is a peer to peer blockchain-based cryptocurrency launched in 2011. It is considered one of the world’s largest cryptocurrencies and is used for transferring funds between individuals or businesses. The chart provides a full picture of the live LTC/USD price to help you plan your trades. Our Litecoin news and analysis articles offer expert insights into price action today, as well as the Litecoin forecast for the future. Litecoin is a P2P (peer-to-peer) cryptocurrency developed by Charlie Lee. Litecoin software project was released under the MIT/X11 license.

This article will explain the fundamentals of Litecoin cryptocurrency to grow or fall. Read our Litecoin price prediction for 2020 to 2025 and make a decision about whether LTC is worth investing in or not. Although this is not a bullish time for the crypto space, Litecoin is performing fairly good as compared to its peers. Obviously, most of the credit goes to Charlie Lee, as he finally introduced Confidential transactions like privacy coins like ZCash and Monero, which will ward off fungibility, scalability and privacy problems. 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. Even a new shopping center in Singapore has installed an ATM that accepts Bitcoin and Litecoin. The Litecoin price prediction after halving is very optimistic as per the experts’ opinions.

The amount of Litecoin meandering through the cryptocurrency arena is about 3.35 times larger than that of bitcoin, and the final total will be four times larger. Litecoin is also mined much faster than bitcoin, which means that the price of Litecoin should eventually rise faster than the price of bitcoin, according to the report. There is a correlation between price appreciation and public interest in cryptocurrencies, such as Litecoin. The chart below shows how search volume has changed for the phrase “Litecoin” over the last 90 days. A breakdown could take Litecoin back to prices below $20, while a breakout would propel LTC back towards its former all-time high. Before it gets there, however, it will have to contend with resistance at roughly $150.

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Litecoin is now in sixth place and remains amongst the top ten cryptocurrencies in circulation. It was developed in 2011 through a bitcoin fork by former Google employee Charlie Lee, making it older than bitcoin’s primary competitor Ethereum. From there, Lee was able to create his own genesis block and start a new digital currency with no previous transactions under its belt. We also gathering additional information from different sources to make sure we cover all important information or events. Crypto Capital Venture founder Dan Gambardello us exceptionally bullish on cryptocurrencies, but especially Bitcoin and Litecoin. Gambardello launched his own crypto-focused venture capital firm and looks to fund projects throughout the cryptocurrency industry.

Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has https://www.beaxy.com/ no operational input into the selection or curation of CoinDesk content in all its forms. Litecoin is a cryptocurrency launched in late 2011 by former Google and Coinbase engineer Charlie Lee. To create Litecoin, Lee copied the Bitcoin codebase, increased the total supply, and changed the speed at which new blocks are added to the blockchain.

In the ascending channel forming on the LTC charts, the price is expected to fall short towards $46 due to the increased resistance. Litecoin is a peer-to-peer cryptocurrency and open source software project released in 2011 Charlie Lee. The coin was heavily inspired by, and its technical details are nearly identical to those of Bitcoin. Notable differences include a reduced block generation time, larger maximum supply, and a new hashing algorithm. Like Bitcoin, the creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Whether or not these currencies do increase in value, and to what degree, largely depends on how successful they are in gaining widespread acceptance. One of the primary factors that could lead to a significant increase in value is the fact that most cryptocurrencies have a limited number of currency coins, tokens or units that can be mined.

Litecoin may soon need to stage a meaningful short-term rally or the cryptocurrency could see a worrying decline back towards the $45 support level. Checkout our unique Litecoin Price Prediction Tracker which will help you see how the price prediction is going to play out in the future, Remember it is a long road ahead for the LTC Cryptocurrency. We think that our 5 year Litecoin forecast of $1,132.40 is not as wild as many may think. As time goes on and the Litecoin technology evolves and Litecoin is adopted more into everyday use https://www.beaxy.com/exchange/ltc-btc/ cases the Litecoin price will increase meaning Litecoin could be a great investment option for you. LTCBTC – Daily Chart However, the RSI is currently dropping below the 40 level, which indicates bearish movement in the market. However, for LTC/BTC to increase and move towards the resistance levels of 4200 SAT and above, the RSI may need to go cross above the 50-level and the market price crossing above the moving averages. In case the $54 support level holds, there could be a rebound and the price may begin a bullish movement.

Bitcoin has been the public face of all cryptocurrencies since it first appeared on the scene in the shadowy Satoshi Nakamoto‘s white paper in 2008. Its subsequent adoption by the Silk Road black market and meteoric rise in price, which ltc coin price turned pizza change into millions of dollars, forever cemented it as the coin to watch. For the longest time, Litecoin held the position of fifth-largest cryptocurrency by market cap, though it has since been knocked aside by EOS.

Comments and analysis reflect the views of different external and internal analysts at any given time and are subject https://topcoinsmarket.io/ to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT.

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In the December–January time frame, Bitcoin crested $20,000 per coin, while Litecoin reached a high-water ltc coin price mark of $366. Chances are that when you think of cryptocurrency, you think of Bitcoin.

Is Litecoin A Good Investment?

However, recent market fluctuations and the defi market hype strongly damaged the price of Litecoin. We, at Changelly, respect one of the first cryptocurrencies no matter the rate. Still, it looks like the recent drops of the price made the currency a perfect asset to invest in and gain profit from in the following year. Litecoin is a decentralized peer-to-peer cryptocurrency network that enables users to send or receive instant, low-cost payments anywhere on the globe.

Litecoin crypto coin has been active for over nine years now and has managed to be successful for most of this period. The cluster formed may be too hard for the cryptocurrency to break, which means that the price is expected to move towards the lower end of the ltc coin price ascending channel next. There is also a possibility of a short-entry level to come up next to the $48 mark, which is where the midline of the ascending channel lies. Per the idea by Vince Prince, the cryptocurrency has hit a number of resistance levels near $50.

Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0. Crypto prediction website Coin Price believes 2020 will be a bull market for all cryptocurrencies, and based on this, they see the price of LTC going to the $124 level. The $36 and $34 marks are two crucial supports for Litecoin LTC price at this time. The probability of its price falling in the coming days seems very low. Having said that, if the bullish pattern remains, then the coin could face a resistance level at $51.

• Litecoin is an open source, digital currency that is fully decentralized without any central authorities.
• The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities and similar products.
• Litecoin provides faster transaction confirmation times and improved storage efficiency than the leading math-based currency.
• The Litecoin blockchain is capable of handling higher transaction volume than Bitcoin.

Given that its founder and the Litecoin Foundation is always hard at work to maintain the network and improve it, the likely hood of Litecoin failing is highly improbable. We believe LTC is still a good investment, and in the short term, we don’t see the token losing its value. We can expect to see its price rise with time as cryptocurrencies gain popularity among masses. For the LTC/UDST trading pair, the analyst sees that we have broken weekly support and the price is testing it like a new resistance. Bitcoin has been in a downtrend for some months already and it couldn’t recover from March’s market sell-off. The LTC/USDT trading pair was able to break out from a resistance level that has been in place since early September 2020.

This time around, Gambardello believes Litecoin “Litecoin consolidates at around $70 before massive run to $1,000+” in the long-term. According to this long-term LTC prediction, the cryptocurrency will grow in price over time and will achieve great results. Knowing that Litecoin follows the price of BTC we can concern such an outcome in the future.