Cryptocurrencies is becoming choice of Youngsters:
The name of the cryptocurrency market is on the lips of every investor these days. In some Asian countries like Indian, srilanka, Nepal, china etc investors are a little hesitant to invest in cryptocurrencies. But If we will check the record of last few years investment in cryptocurrency market then trend investors has shifted towards cryptocurrencies. Guidance on cryptocurrencies is still very less as compared to other financial market and their products.
We have always published correct advice for cryptocurrency investors on our website and the price targets have been met. Today we will discuss about one such cryptocurrency which has become very famous after bitcoin. Today we will discuss Litecoin crypto. What could be the future price of Litecoin cryptocurrency? Should Investors Invest in Litecoin Cryptocurrency? Could Litecoin Currency Be Another Bitcoin? Trying to find answers to all these questions. First let us understand what is Litecoin cryptocurrency and how it started and who started Litecoin.
What is Litecoin cryptocurrency
Litecoin cryptocurreny was designed to provide quick, safe and non expensive payments by leveraging the unique properties of block chain technology. Litecoin, in a way, can be considered an improvised version of bitcoin itself. The protocol has done well to give it longevity and greater reliability for the overall stability of the cryptocurrency. Litecoin's Main focus is to make strong the global payments infrastructure especially by unfasten the power of blockchain to meet the growing consumer demands as per the state of the cryptocurrency market. Litecoin has been successful in accelerating speed, cost and reliability.
Founder of Litecoin
As the name of Litecoin suggests, the name of this crypto was founded by Charlie Lee by adding Lite + Coin. Charlie Lee is also known by a famous name, people also know him as "Chocobo." Let us tell you that Charlie Lee is an early Bitcoin miner and computer scientist. Charlie Lee was a former software engineer for Google. Also, Charlie Lee is the director of engineering at Coinbase between 2015 and 2017. As of today, Charlie Lee is the managing director of the Litecoin Foundation which is a non-profit organization that works alongside the Litecoin Core Development team to help advance Litecoin.
Why Litecoin Cryptocurrency is becoming favourite of crypto Investors
As of 2021 latest data, Litecoin is one of the globally accepted cryptocurrencies It is now accepted by more than 2,000 merchants and stores at global level. If we will talk about its benefits then Litecoin Cryptocurrency main benefit comes from its speed and cost-effectiveness. Many investors have made their investments in cryptocurrencies all over the world but it become the hoice of crypto traders.
Litecoin Cryptocurrency past Price movement & Volume of Litecoin:
Litecoin is represented with the symbol LTC . IF we will check the data of past few years then we will find the before 2021, Litecoin cryptocurrency price was trading around $124.09 but Today Litecoin price is around USD$ 185.35. Litecoin Cryptocurrency market cap is more than $12,448,780,870 USD with the last 24 hours trading volume of more than $3,483,194,360USD.
What are the Short to medium term price targets of Litecoin
Cryptocurrency:
If we will do the prediction of Litecoin Cryptocurrency then we may see higher price levels in the coming months or years. First we will discuss technical chart of Litecoin Cryptocurrency.
If Litecoin Cryptocurrency gives close above price level of $183.50 then we can see short term price targets of Litecoin Cryptocurrency , $185, $190 $196, $202, $209, $215, $223+
If Litecoin Cryptocurrency gives close below $174 then we may see more profit booking in Litecoin Cryptocurrency which may drag the Litecoin Cryptocurrency price up to the $170,$165, $158, $155.40 or $152.80, $149.80
Long term prediction of Litecoin Cryptocurrency price: LTC
As discussed above that Litecoin Cryptocurrency is becoming choice of crypto traders well as cryptocurrency market investors. If Litecoin Cryptocurrency gives close above $225 then in the log term we may see Litecoin Cryptocurrency price more than $350 in coming months, If we will do prediction for Litecoin Cryptocurrency price in year 2020 then our price target for Litecoin Cryptocurrency will be above $350 USD. If Litecoin Cryptocurrency will sustain above $386 price levels in the year of 2022 then Litecoin Cryptocurrency can surprise every investor of crypto market & we may see $ 415+ by the year 2023.
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