It’s true that Litecoin was a great disappointment for investors in 2019. LTC price went down from $33.421 on January 1st 2019 to $43.413 on December 31 2019. However, it is worth monitoring our Litecoin price prediction algorithm: Litecoin might still have investment potential if not short term in 2020, 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 $52.60, its circulating supply is 63 923 099 LTC. Our algorithm predicts that based on historical data Litecoin price will be at $68.74 in 1 week and $84.38 in 1 month. Our deep learning algorithm predicts the LTC price will be at $126.34 in 6 months. Analysis of the cryptocurrency market shows that Litecoin price may reach $109.00 by 1st of January 2021 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 $98.30 in 2020, $109.00 in 2021, $115.07 in 2022, $132.02 in 2023 and $146.83 in 2024.
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 $126.34 and lowest possible predicted price is $95.34.
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 $52.60.
What is the current market capitalization of Litecoin (LTC)?
The current market capitalization of Litecoin is $3 362 302 486.
What will be the price of Litecoin (LTC) Tomorrow?
Our algorithm forecasts that the price of Litecoin will reach $58.53 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 $98.30.
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 $146.83 by 2023.
Is Litecoin (LTC) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Litecoin now.
I got caught up in the greed trap when trading Litecoin this summer. I had bought a batch of LTC back in May when the price was at around $60 - $70. As we all remember, the crypto market went on a nice bull run, which lasted for about three months, running its cause at the tail end of August. I held Litecoin right through its peak price of $140 and then its first downward movement to $90, expecting the price to bounce back and continue its move to $200. So, now I am stuck with Litecoin for a long time.
Litecoin has been my second favorite cryptocurrency, after Bitcoin of course, for quite a long time. It has great fundamentals; Litecoin Foundation landed some sweet sponsorship and partner deals this year with various sports organizations, and it has just passed the halving. We already witnessed the first LTC halving. Back then, the price took some time to consolidate and then simply exploded to $300+. It is my firm belief that history will repeat itself. Watch out for $200 per LTC by the end of the year.
LTC is always perched in an uncertain position. It may be because crypto enthusiasts are unsure if LTC has lasting power in the crypto market, but it either gets weak support or strong buying action. Lately it’s been enjoying strong buying action, but it may be due to its use as a BTC hedge. The last time we saw this much interest in LTC, it rose from $20 to over $300. It will be interesting where this current trend lands LTC. For those that bought in at its 2018 lows, they’re enjoying well over 2x valuation, which has significantly outperformed both BTC and ETH.
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