Litecoin is a cryptocurrency designed by former Google and engineer for crypto exchange, Charlie Satoshi Lite Lee. Lee is one of cryptocurrency space and it is knowing for selling off. This Litecoin is holding at the peak of the last crypto bubble. However, Lee has cited the move that was done to alleviate a potential conflict of interest. Still, Lee is heavily involved in the project and it is the managing director of the Litecoin Foundation. This team is dedicated to pushing Litecoin adoption and it is increasing its value proposition in the market and establishing Litecoin growth in the long term.
- Litecoin Historical Price
Litecoin’s supply is one of the hard-capped at 84,000,000 LTC, with 63,240,704 LTC in circulation. In 2017, Litecoin has reached its all-time high of $360.66 before falling back down to roughly $20 before bouncing back higher ahead of the halving in 2019. Litecoin has trading at $140 per LTC coin. Nearly, it has half of its all-time high and an over 600% gain from its bottom price. Litecoin price at https://www.webull.com/quote/ccc-ltcusd has become a long way since it is first launched many years ago. It has started its price at around $3 per LTC and has gone through several bubble cycles or alt seasons. It has helped drive up the price significantly before a small correction occurs. Litecoin has a strong long-term price trajectory and outlook that Litecoin’s potential is extremely high.
- Litecoin Price Prediction 2020
Litecoin is trading within a massive symmetrical triangle. A breakdown is taking Litecoin back to prices below $20 and a breakout has propelled LTC back towards its former all-time high. Before it is getting there, however, it will be having to contend with resistance at roughly $150. The event has failed to spark a renewed bull market. In 2020, Litecoin price will be sucking within a range of $35 to $60 and one side will be needed to break to get to future targets.
- Litecoin Price Prediction 2021 – 2022
If Litecoin can be breaking above and it is holding over the long-term downtrend line, it could be finally retesting its previous all-time high. More sideways consolidation has been done to sentiment. The max high is liking to remain below $300 for much of this time.
- Litecoin Price Prediction 2023 – 2025
The long-term bullish channel is resulting in an eventual peak price of over $10,000 per LTC token. This would be putting the asset’s cap closer to silver and it is making more likely digital counterpart. For more information, you can check Litecoin news.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.