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Litecoin Cryptocurrency Price Prediction | THE BEST CRYPTO INVESTMENT AT THIS MOMENT! - YouTube
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litecoin cryptocurrency price prediction
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the best crypto investment
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at this moment intro if you're
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interested in altcoins
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here's how to tell if litecoin is a good
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investment in 2021.
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among the oldest cryptocurrencies on the
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market lit coin is one of the most
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popular altcoins it's currently the 14th
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largest coin by market capitalization
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with a total value of more than 12.3
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billion one lit coin or one ltc
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is worth less than 200 as of june 1st
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2021
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following a recent drop from its
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all-time high of 412.96
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on may 10th as with all cryptocurrencies
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litecoin's value has experienced
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wild swings during its 10-year lifespan
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spikes in the price have quickly
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followed by sell-offs
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what does this mean for litecoin
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investors is litecoin a good investment
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in 2021
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to answer that you first need to know
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what you'd be investing in
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before we go ahead in this video here's
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a short disclaimer
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the information provided on this channel
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is for educational and research purposes
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only
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the information provided on this channel
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does not constitute investment advice
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financial advice or trading advice
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crypto markets are highly volatile and
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crypto investments
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are risky viewers should do their own
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research on cryptocurrencies and consult
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their financial advisor
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before making any crypto investments
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body
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what is litecoin since the founder of
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bitcoin in 2009 however
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hundreds of cryptocurrencies have
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entered the market although it's proven
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increasingly difficult for digital coins
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to stand out given the crowded field
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litecoin ltc is one non-bitcoin crypto
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that has managed to stand up to the
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competition
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ltc currently trails behind bitcoin as
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the 12th largest digital currency by
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market cap
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on the surface bitcoin and litecoin have
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a lot in common
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at the most basic level they are both
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decentralized cryptocurrencies
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whereas fiat currencies such as the us
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dollar or the japanese yen
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rely on backing of central banks for
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value circulation control
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and legitimacy cryptocurrencies are not
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subject to centralized authority
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they rely on the cryptographic integrity
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of the network itself
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litecoin was launched in 2011 by former
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google engineer
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charlie lee who announced the debut of
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the lite version of bitcoin
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via a post message on a popular bitcoin
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form from its founding
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litecoin was seen as being created in
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reaction to bitcoin
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indeed litecoin's own developers have
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long stated that their intention is to
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create the
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silver to bitcoin's gold for this reason
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litecoin adopts many of the features of
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bitcoin and lee and other developers
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felt were working well for the earlier
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cryptocurrency and changes some other
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aspects
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that the development team felt could be
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improved given all the hoopla around its
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prices and market cap it may seem that
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litecoin exists
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mainly to be bought and sold back and
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forth to paraphrase the old traders
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joke about soybeans in actuality though
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litecoin like any cryptocurrencies
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is a form of digital money so it can be
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used by individuals and institutions
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to purchase things and transfer funds
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between accounts
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its relative speed and cheapness make it
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ideal for smaller
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everyday transactions participants
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operate directly without the use of an
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intermediary like a bank
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credit card company or payment
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processing service
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litecoin price prediction will ltc go up
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when it comes to litecoin price
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predictions for 2021
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there are a few interesting insights to
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take away from the recent market surge
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litecoin has generated a lot of interest
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since it started being accepted by
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paypal
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as we've all seen it has reached
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all-time high and is certainly possible
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that it can grow even further
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potentially reaching 500 at some point
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however we still have to be cautious
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while ltc has matched or even
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outperformed bitcoin over the last year
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or so
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the fact that it has increased so much
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more than 200 percent
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since the start of 2021 means that it's
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entirely possible that it could come
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back down to earth the question
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here though is whether it will go down
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to where it was last year
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six months ago a month ago or a week ago
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while dips have been within the normal
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parameters of cryptocurrencies
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and the market is still in an overall
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healthy position it does pay to be
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cautious
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what could potentially happen is that it
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could go up but by nowhere near the
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gains of the last few months
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the fact that lct managed to outperform
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btc
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so substantially indicates that we could
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see a pattern of outsized gains
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if there are further rallies in 2021 it
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may also be the case that the healthy
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returns are linked to the block reward
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having the lit coin executed in august
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2019. these tend to take 12 to 18 months
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to kick
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in meaning that there could potentially
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be a bull run the other factor in
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forming litecoin predictions for the
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years ahead
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is a fundamental one right now there is
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renewed investors interested in
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cryptocurrencies overall
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in the past once newcomers start to get
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familiar with bitcoin
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and how it works they tend to branch out
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into other altcoins
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that show promise litecoin has broken
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its previous all-time high of 375
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which it reached in 2017 so it has been
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getting a lot of attention
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last but not least don't underestimate
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the significance of litecoin being
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supported by paypal's new crypto service
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especially when it comes to litecoin
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price prediction for 2021.
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the fintech giant is gradually rolling
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out this infrastructure
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worldwide this year starting in the us
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in march
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enabling customers to buy sell and hold
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digital assets
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and use them within merchants this has
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the potential to introduce litecoin to
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millions of new customers
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litecoin ltc technical analysis
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litecoin slid by 6.44 on friday
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reversing a 0.36 gain from thursday
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litecoin ended the day at 156 dollars
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and 41 cents
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litecoin fell the first major support
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level at 162 dollars
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and the second major support level at
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157 dollars steering clear of sub 150
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dollars
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litecoin ended the day at 156 dollar
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levels
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at the time of making this video leica
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was up by 0.50
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to 157.19 a mixed start to the day
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is select coin fall to an early morning
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low to 155 dollars and 66 cents
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before rising to a high of 157 dollars
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and 20 cents
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litecoin left the major support and
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resistance levels untested
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early on litecoin would need to move
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through the 158 dollar pivot
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to bring the first major resistance
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level at 166 dollars into play
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borrowing another extended selloff
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however litecoin should steer clear
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of sub 140 levels the second major
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support level of a hundred and forty two
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dollars
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should limit the downside a sustained
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follow-through of sixty-two percent
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fib of 174 dollars would form a
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near-term bearish trend
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from 10th may swing high of 413.91
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litecoin's future prices although there
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has been a recent price drop
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forecasts are still optimistic with
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digital coin price estimating you will
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reach 279.16
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next year it will also depend on how
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quickly the market recovers
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from the drops of may 19 2021. digital
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coin prices say it will reach 465.31
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in 2025. as with all things it's best to
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do your own research and never invest
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more than you can afford to lose
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digital coin prices furthest prediction
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is for it to reach 777.29
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in 2028 while coin price forecast says
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it could reach 3960 in 2032
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it's not to say it won't ever reach 10
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000 but feels safe to say that it won't
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happen for a while
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conclusion should you buy litcoin or not
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major proponents of litecoin are
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hopefully that an increase in usage
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and adoption on a grander scale will
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inevitably raise its value
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which we have begun to see recently if
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you are interested in investing in a
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technology
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that enables fast and inexpensive
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borderless transactions
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litcoin is a great investment
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opportunity plus litcoin's affordability
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and sustainability
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make it an excellent option for those
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looking to get their feet wet with
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alternative cryptocurrencies
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for comparison while litecoin currently
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trades for less than 200
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the price of a single bitcoin is worth
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more than 36 000
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outro thanks for watching this video
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please drop a like and share your
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thoughts on ltc
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in the comment box down below and if you
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want to know when the price of ltc will
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rise
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subscribe to our channel so you won't
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miss a golden chance to buy ltc
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at a very cheap price
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