Litecoin Price, Chart, Market Cap, Ltc Coin Essentials

ltc coin price

In the month of June, LTC might be $500, after which it might stay onto the 500 dollar mark. https://topcoinsmarket.io/ By the end of the year, i.e, in December, it decreases a bit and might go to $470.

Litecoin is a digital currency which operates on a peer-to-peer basis and facilitates lightning fast currency exchanges and payments across the globe. The software is open source, allowing for the creation and exchange of coins based on a cryptographic protocol, without being managed by any centralized authority. The ninth-largest cryptocurrency by market value initially jumped more than 10%. Litecoin is one of the top-10 cryptocurrencies, and is traded in over 300+ exchanges integrated with CoinGecko. The most common trading pairs are against Bitcoin (LTC/BTC) and Tether (LTC/USDT).

But we believe this is highly unlikely given that Litecoin is working on several initiatives that are likely to boost its price. Despite retracing after marking a fresh 1000-day high of above $14K, Bitcoin’s dominance https://www.beaxy.com/ has continued to increase. Litecoin LTC price has followed the track of the king coin Bitcoin for quite a long while. It managed to recover some of the losses, but since then, its price seems to be moving sideways.

Litecoin and other cryptos are already used as a means of remittance, and to send and receive value. Although some merchants already accept it as a form of payment, Litecoin has only begun to scratch the surface in terms of the retail/merchant world. If cryptocurrencies continue to gain in popularity, more merchants are https://www.beaxy.com/exchange/ltc-btc/ likely to accept them as a means of payment. In addition, due to their features and overall convenience, cyptos may also be increasingly useful for individuals to send and receive payments. Litecoin could eventually be used to purchase anything from consumer goods and services, to real estate or a simple cup of coffee.

ltc coin price

Litecoin Appears Bullish; Touches $77 After 6% Hike Overnight

The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. Despite the retreat from the recent high, LTC is in a good position to continue the recovery as long as it stays above $56.8. This barrier that served as a local resistance during the weekend now turned into strong support that has the potential to limit the downside correction. On the intraday charts, it is also reinforced by the lower line of the Bollinger band and the 1-hour EMA100. The Relative Strength Index and the Moving Average Convergence Divergence indicators have observed an ascending trendline on their scales. The price has been supported by an ascending trendline which will allow LTC to move towards the $60 mark, per the analyst.

ltc coin price

Is It Best To Focus On A Single Cryptocurrency?

Although it tried breaking upwards, we see that it is currently at a zone of resistance and support. Thus, we will have to follow how this trade continues in the coming days and hours to understand whether Litecoin will continue falling or not. Litecoin is already a useful cryptocurrency, combining Litecoin with mimblewimble’s privacy protocol could easily improve Litecoin’s value, adoption and usefulness. Litecoin is showing increased usage alongside with Ethereum that is experiencing the DeFi expansion. Just a few days ago, the Litecoin MimbleWimble implementation has been re-launched in order for new users to test the platform. Such qualities make it the envy of merchants who are keen on adding a crypto payment option for their customers. Eventually, this advantage will lead to massive adoption that will push the price of Litecoin even higher.

Litecoin Price Prediction 2020, 2021, 2023, 2025, 2030

The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Litecoin is secured using the Scr-ypt algorithm, which falls to the Scr-y family of hashing algorithms, and is also used by its fork Litecoin Cash , along with several other cryptocurrencies. 80 percent of Litecoin owners bought their coins, the other 20 percent were mined. A huge leap of global blockchain market is expected within the next 25 years. Litecoin’s future looks bright will all the integrations and partnerships.

  • 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.
  • Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.
  • The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin.
  • 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.

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Bitcoin’s market cap hovered at $113 billion, while Litecoin’s market cap was about $4.7 billion. Only time will tell if Litecoin’s nameplate value will overcome these challenges. After all, perfection is often the enemy of the good, and Litecoin just might be good enough to retain a foothold in the crypto world for years to come. This website is intended to provide a clear summary of Ethereum’s current and historical price as well as important updates from the industry. Ethereum ERC20 token prices can also be found in the menu options along with other coin data such as BTC, XRP and others. Prices are updated every minute in real-time and the open/close prices are recorded at midnight UTC.

This website is free for you to use but we may receive commission from the companies we feature on this site. It’s important to note that fees vary depending on the option you choose, so you might want to check that before you embark on buying Litecoin. Also, most importantly, have a wallet where you can store your coins after purchasing them since it’s https://tokenexus.com/ not advisable to store coins on exchanges. Some of the best available wallets include Ledger Nano S and Trezor. Our analysis shows that the price of LTC will go up soon based on technical fundamentals and the many positive developments going around the Litecoin platform. Now LTC is experiencing in the 4-hour chart a bear flag that could break downwards.

Litecoin (ltc) Appears Intraday Bearish Slightly Below $50

Learn about financial terms, types of investments, trading strategies and more. MarketBeat’s community ratings are surveys of what our community members think about Litecoin and other cryptocurrencies. Vote “Outperform” if you believe the stock will outperform other cryptocurrencies over the long term. Vote “Underperform” if you believe the stock will underperform other cryptocurrencies over the long term. Litecoin and other Scrypt coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit.

The price of 1 Litecoin will roughly be $306.61 in 1 years time a 8X from the current Litecoin price. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.

These attacks involved flooding a network with spam transactions, causing the blocks to fill up and overwhelm the blockchain. In the case of Bitcoin, one attack of this type from July 2015 involved flooding the mempool and causing significant delays in processing regular transactions. One of Litecoin’s flagship features is its support for atomic swaps which allow for the exchange of tokens across chains with no need for intermediaries. This eliminates the need to go ltc coin price through exchanges and pay their fees for the simple operations involving exchanging LTC for other cryptos. To prevent the existence of “tainted” coins, the Litecoin’s team pin their hopes on what is already planned for their Confidential Transaction feature, set to be implemented in late 2019. With it, the recipients of the specific funds can decide not to accept the transaction based on its earlier history and refuse to do business with suspect parties altogether.

Litecoin Price, Chart, Market Cap, Ltc Coin Essentials