Litecoin Price Prediction

LITECOIN PRICE ANALYSIS AND PREDICTION

By mummyrio | SIDECHAINNEWS | 23 Aug 2020


Litecoin is an old altcoin. It has strong developers and communities. There are hundreds of merchants that accept payment in litecoin. Litecoin is also listed in hundreds of big exchangers. The price is quite high. Litecoin place in the 7 rank of crypto market with marketcap over 3.8 Millions. Litecoin i was first launched in Charlie lee created litecoin in 2011. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Litecoin total supply is 84 million. 

ltc prediction

Litecoin has passed through the history of cryptocurrency. Bitcoin fork, and the launch of eth and ethereum fork. Ltc core developers seems to improve the sustainable network of ltc. That is why the price of litecoin seem more stable than other coins in the generation. LTC price in 2011 to 2013 started from 0,0035 to 0,5 USD. The price jumped in mid 2013 , it was about 2-3 USD. The highest price of LTC was in December 2017, it was about 352-355 USD. In 2020 Litecoin price seemed to be more stable at the position of 40 - 60 USD. Current cryptocurrency market in the second mid of 2020, the price of cryptocurrency is bullish. Since bitcoin still holds more than 50% total cryptocurrency marketcap, the price of altcoins is lift up by the rise of bitcoin price. In the next one or two months bitcoin price still look bullish so the price of litecoin is too. I estimate that the price of litecoin until the end of 2020 will be 50-80 USD with. However, in  the first or two months later, litecoin price will be 50-70 USD. Is it good to invest litecoin in short term saving? I think yes, in short term saving investing litecoin is profitable. When the price reached 70 or 80, it is better change ltc  to usd. Though, the profit is not too high, short term saving is still profitable. 

 

 

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mummyrio
mummyrio

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