It’s true that Litecoin was a great disappointment for investors in 2018. LTC price went down from $246.523 on January 1st 2018 to $31.718 on December 31 2018. However, it is worth monitoring our Litecoin price prediction algorithm: Litecoin might still have investment potential if not short term in 2019, then long-term. If you look for good return in 3 to 5 years, LTC might be the coin to watch closely now.
The current Litecoin price is $49.99, its circulating supply is 60 582 537 LTC. Our algorithm predicts that based on historical data Litecoin price will be at $62.51 in 1 week and $88.95 in 1 month. Our deep learning algorithm predicts the LTC price will be at $81.37 in 6 months. Analysis of the cryptocurrency market shows that Litecoin price may reach $302.69 by 1st of January 2020 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that LTC will stay around $272.98 in 2019, $302.69 in 2020, $319.55 in 2021, $366.63 in 2022 and $407.76 in 2023.
While creating the Litecoin prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $81.37 and lowest possible predicted price is $61.41.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Litecoin has the potential to stay within "survivors" team. Our Litecoin short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Litecoin Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Litecoin forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Litecoin (LTC)?
The current price of Litecoin is $49.99.
What is the current market capitalization of Litecoin (LTC)?
The current market capitalization of Litecoin is $3 028 450 548.
What will be the price of Litecoin (LTC) Tomorrow?
Our algorithm forecasts that the price of Litecoin will reach $51.15 tomorrow.
In 1 year from now what will 1 Litecoin be worth?
As per the forecast and algorithmic analysis, the the price of 1 Litecoin will be around $272.98.
Is it profitable to invest in Litecoin (LTC)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Litecoin (LTC) as a short term investment. Litecoin can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Litecoin be growing in the Future?
Litecoin is potentially one of the most profitable among digital coins.
How high can the Price of Litecoin go?
Our algorithm forecasts that the price of Litecoin will reach $407.76 by 2023.
Is Litecoin (LTC) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Litecoin now.
Cryptocurrencies are replacing Fiat at an increasing rate. It is still an early stage, but for 10 years you will be able to pay all your bills, goods and services with cryptocurrencies.
Over the weekend the crypto-currency market as a whole showed almost lateral dynamics. The market took a pause and in the coming days should decide on the direction of its further movement. Now the key points are formed on the charts, and it is not yet clear whether they will eventually become reversal points, or they will be continuation points, so we follow the dynamics and at the same time are getting ready to join the game if the line of least resistance for the price movement unfolds up.
The bears are ruling Litecoin (LTC) today, driving the price to $123 - last time we could see that in the beginning of December. On big timeframes MACD and Alligator signal just the start of a coming downtrend, however, I see fixing the profit from short positions now as a good opportunity. I would open long positions only if the price is steadily above the key resistance level $200, and - if $230 turns to be too much for the bulls - will short on the rebound, at $217.
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