The coin for Litecoin is named LTC. It was presupposed to be the sunshine model of BTC.
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On the time of writing LTC is being traded on the worth of $199. The worth of LTC has decreased by virtually 1.12% up to now 24 hours. The every day buying and selling quantity has additionally decreased by virtually 6.23% in in the future. LTC is listed on coinmarketcap at 18th spot in accordance with market capital and has a market dominance of about 0.51%.
LTC has achieved it all-time excessive across the worth of $413.5 in Could 2021. It later fell all the way down to the worth of $103.5 in the course of the crash and confirmed reversal from there. As in comparison with different cash LTC has been one of many sluggish gainers.
LTC has a complete provide of 84M tokens and has a circulating provide of about 68.9M tokens. LTC could be traded at loads of totally different exchanges equivalent to Binance, OKEx, Huobi with totally different buying and selling pairs.
Technical Evaluation Litecoin – (LTC)
On the month-to-month timeframe, we see that LTC has been forming a cup and deal with formation that’s most likely one of the bullish charts on the upper timeframe. On the weekly, we see that LTC remains to be attempting to get above the final construction to verify a breakout.
On the every day timeframe, we discover that the worth is bullish in nature and is now in an uptrend (the market construction received shifted when the worth broke above $150.
After the impulsive transfer in direction of the upside, the worth went parabolic and it was wholesome for the market to retrace again. This retracement received aligned with the golden zone of the Fibo’s. From there the worth received a bounce. Proper now, all of the imbalance within the worth has been mitigated and there’s no legitimate cause for the worth to return again down. Quickly the weekly may also flip bullish and all three necessary time frames could be bullish which might ultimately lead LTC to a brand new all-time excessive.
Lengthy Time period Prediction – Litecoin (LTC)
In keeping with pockets traders, the worth of LTC is very bullish in nature and is a protected funding. In keeping with their predictions, LTC will attain a worth of $272.55 in a single yr. For a five-year plan LTC is anticipated to achieve a worth of $612.225.