The digital currency market has grown so fast over the years, and it has continued to do so this year. While a lot of people are talking about digital currencies, there are still a couple of questions that need to be answered. Are you contemplating whether to invest in Litecoin? Are you uncertain if its value will decrease or increase?
Well, this article is here to help you answer some of those questions. This article covers some of the basis of Litecoin as well as its prediction. Predicting the future value of a coin is very difficult, but you’ll be able to make a better choice at the end of the day.
The History and Creator of Litecoin
Litecoin is presently the 5th most valuable digital currency in the world, and it was created back in 2011 by Charlie Lee – a former Google employee. Litecoin is built on the same blockchain as bitcoin and it is used as a means of payment. One of the most significant advantages of Litecoin over Bitcoin is that it’s faster. The digital currency is four times faster than Bitcoin.
The Historical Price Trend of Litecoin
Litecoin is one of the best performing digital currencies over the past one year. If you acquired Litecoin when it was $4.5 last year, you would have made over 8000 percent profit by the end of the year. The digital currency has shown a massive amount of growth since it was launched.
Litecoin Price Prediction
There’s no doubt that the digital currency market is moving very fast, making it pretty challenging for investors to decide on which coin to put their money. A lot of analysts and technical analysis platforms have made several predictions about the value of the Litecoin.
Walletinvestor.com has also made a prediction that the value of Litecoin will get to $414 by the end of this year, and $1175 in five years. Another technical analysis site also predicted that the digital currency will cross the $220 level before the year runs out.
Litecoin Price Today: Current Price of LTC
At the time of writing, Litecoin (LTC) is trading at $97.86 after an increase of 1.33 percent in the last twenty-four hours. The coin has a market cap of $5.59 billion with a trading volume of $258.76 in the last twenty-four hours.