Litecoin Prediction and Forecast: LTC Making Gains Gradually

Litecoin Prediction and Forecast: Will Litecoin Rise?

Litecoin recently fell below its support price and tanked to $144. Litecoin which was trading around $200 and which breached the $200 mark recently has been sliding. The slide began after Walmart news of considering Litecoin as one of its payment modes turned out to be fake.

Since then Litecoin has been trading just below $200. However, the recent news of China’s Real Estate collapse led to a blood bath in the Crypto world. Litecoin too suffered a major crash and on Tuesday it was trading below $150.

The bulls need to put their faith in Litecoin if the exchange rate of Litecoin is to rise. The bullish run could help Litecoin rise.

Litecoin Prediction Daily: Future Prediction

In July 2021, the price of Litecoin hit an extreme low as it was trading around $105. Two months since then, Litecoin hit its highest, since May, and was recently trading close to $230. At this point, it is clear that the rise of Bitcoin is helping the rise of Litecoin too. Alternatively in the last few months, the Litecoin network’s fundamentals have also improved which means that there has been a rise in the number of transactions per second, a rise in the number of addresses and active addresses.

It must be noted that Litecoin (LTC) is one of the very first projects to copy and modify Bitcoin’s code and use it to launch a new cryptocurrency. Now with countries like El Salvador, Cuba stepping in to accept the cryptocurrency, the crypto market has witnessed a rapid rise. Moreover, the announcement of Facebook to include crypto in its payment wallet has heavily boosted the crypto market. Litecoin is one of the latest to add NFT capabilities to its platform.

However, in the last 24 hours, Litecoin saw a crash of over 15% with its price falling to below $163. But the buyers came in and aided the rise of Litecoin once again signaling strong support for the coin. Currently, Litecoin is trading above $180. Therefore, the chances of Litecoin rising once increased.

Litecoin Price Prediction and Forecast: What is Litecoin?

Litecoin (LTC) is just another drop in the wide ocean of Cryptocurrencies. Why are we talking about LTC? because it is coming up as one of the major Cryptos in today’s market. Litecoin is an open-source software that was introduced un the license of MIT/X11. Litecoin can be termed as a peer-to-peer cryptocurrency. Litecoin was introduced in October 2011 as an altcoin, however, in technical terms, LTC is almost similar to Bitcoin.

Charlie Lee is the founder of Litecoin. Lee, back in 2010, wanted to hand the investors an upgraded version of Bitcoin. Something the investors can find handy to rely on or an affordable version of Bitcoin. The term Litecoin (light+coin) is inspired by the name Bitcoin. Litecoin is said to be an ameliorated version of Bitcoin. The added features in Litecoin have certainly made it more reliable than Bitcoin.

After 10 years of its formation, Litecoin, now, ranks amongst the top 10 cryptocurrencies in the world. As per reports, Litecoin has found its place in the center of all crypto transactions. LTC has inspired a better mode of payment since the time of its inception. The most noticeable features of Litecoin have come up as a huge advantage for investors. The features include proficiency in terms of speed and reduction in transaction fees.

Litecoin Prediction and Forecast: Price Prediction

According to the latest long-term forecast, Litecoin’s price is expected to reach $250 by the end of year 2021. LTC price is predicted to reach $300 by the middle of 2023. Litecoin is expected to reach $500 within the year of 2025 and $1,000 in 2031.

Litecoin Price Prediction and Forecast: Price Prediction 2021-2022

Litecoin price was listed at $124.09 at the start of 2021. As of now, Litecoin is being traded at $215.95. LTC has witnessed a rise of 74% from the beginning of 2021 till now. As per the forecast, Litecoin will be priced at $252 at the end of 2021, which will see a growth of +103% in one year. A total rise of 17% is being predicted from this date to the end of the year. Moving into 2022, Litecoin is expected to reach $267 by the first half. However, a drop of $12 is expected in the start of the second half and the market is expected to be around $255 by the end of 2022.

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Litecoin Prediction and Forecast: Will Litecoin reach $200?

Recently due to hoax news of the Litecoin-Walmart partnership, the price of Litecoin went soaring and it reached over $200 mark. However, after Walmark denied the claim, Litecoin crashed.

Litecoin, after that, has been able to make a gradual recovery and is currently trading over $180. Litecoin has the support of $186 and resistance of $199. Analysts believe the current buying behavior may help Litecoin go above $200 once again.

Litecoin Prediction and Forecast: Is Walmart accepting Litecoin?

Litecoin saw a massive rise in price on 13th September after news of the Litecoin and Walmart tie-up circulated and within 30 minutes the price was up 25%. The coin was trading at $232 however, the rise was short-lived.

The news of the Litecoin-Walmart tie-up turned out to be fake. Walmart said a press release announcing a Litecoin partnership is fake. Charlie Lee, the creator of Litecoin, said an employee mistakenly tweeted about the announcement after seeing the fake release.

After the clarification, Litecoin crashed exposing the vulnerable side of the cryptocurrency. Currently, the coin is hovering around $178.

Litecoin Price Prediction and Forecast: Daily Updates