Litecoin Price Prediction
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Today's ForecastsLitecoin(LTC) opened trading today at $90.19. It achieved a Market high of $93.01 and a subsequent Market low of $79.63, Representing a change of $-4.49 and price percentage change of -4.98% . Its current Price is $85.70 representing a market share of 0.92% only.
A total volumn of $182,626,800 worth of Litecoin traded hands today, achieving a Maximum Market Cap of $5,695,907,840 for the day.
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The Bull Case 🐃 for Litecoin
Many people are looking to invest in digital assets (including Litecoin) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Litecoin as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Litecoin has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Litecoin is currently trading around $85.70.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Litecoin
Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. 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 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.
Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
- Faster transaction confirmations (2.5 minutes on average)
- Scrypt-based mining proof-of-work algorithm
- 84 million litecoins
- Higher transaction volume than Bitcoin
- MIT/X11 licenseVisit website open_in_new
LTC Trading Stats for Today - 2020-12-02 02:30:02 +00:00 GMT
|Current Supply||66,463,332 LTC|
|Total Supply||84,000,000 LTC|
|24h Volume (coin)||2,090,866 LTC|
|24h Volume (currency)||$182,626,800|
|Last updated||2020-12-02 02:30:02 +00:00 GMT|
Other Price Forecasts similar to Litecoin(LTC) :
Common LTC Price Prediction Questions
What is Litecoin’s potential future value?
LTC's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Litecoin is and what it does. This is because Litecoin's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can LTC make you one?
What is going on with Litecoin's price?
In order not to be too rattled, read our Fundamental analysis above on Litecoin to know if it’s a good hodl.
How high will Litecoin go?
No one really knows for sure. We however predict LTC might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Litecoin(LTC) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Litecoin to see its expected value. You can also visit Litecoin's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Litecoin website page will quickly provide you with that value.
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Why is Litecoin's price going down?
It’s difficult to tell right now as the daily LTC candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Litecoin's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Litecoin, Simple click the Social Button on this page, located immediately below the Price Charts.
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