The coin for Litecoin is named LTC. It was imagined to be the sunshine model of BTC.
On the time of writing LTC is being traded on the value of $199. The value of LTC has decreased by virtually 1.12% previously 24 hours. The each day buying and selling quantity has additionally decreased by virtually 6.23% in at some point. LTC is listed on coinmarketcap at 18th spot in response to market capital and has a market dominance of about 0.51%.
LTC has achieved it all-time excessive across the value of $413.5 in Might 2021. It later fell all the way down to the worth of $103.5 throughout the crash and confirmed reversal from there. As in comparison with different cash LTC has been one of many gradual gainers.
LTC has a complete provide of 84M tokens and has a circulating provide of about 68.9M tokens. LTC could be traded at lots of completely different exchanges corresponding to Binance, OKEx, Huobi with completely 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 in all probability one of the vital bullish charts on the upper timeframe. On the weekly, we see that LTC continues to be making an attempt to get above the final construction to substantiate a breakout.
On the each day timeframe, we discover that the worth is bullish in nature and is now in an uptrend (the market construction obtained shifted when the worth broke above $150.
After the impulsive transfer in the direction of the upside, the worth went parabolic and it was wholesome for the market to retrace again. This retracement obtained aligned with the golden zone of the Fibo’s. From there the worth obtained a bounce. Proper now, all of the imbalance within the value has been mitigated and there’s no legitimate motive for the worth to come back again down. Quickly the weekly can even flip bullish and all three essential time frames could be bullish which might finally lead LTC to a brand new all-time excessive.
Lengthy Time period Prediction – Litecoin (LTC)
Based on pockets buyers, the worth of LTC is extremely bullish in nature and is a protected funding. Based on their predictions, LTC will attain a worth of $272.55 in a single 12 months. For a five-year plan LTC is predicted to succeed in a worth of $612.225.