Litecoin (LTC) is amongst the most undervalued digital currencies out there. Though the value of the coin is not as high as that of Bitcoin or Ethereum, it has the potential to scale higher and attain greater heights. As a result of this, the digital currency has been able to maintain steady trading volumes despite the ups and downs in its value.
Litecoin Price Today: Current Price of LTC
Litecoin is ranked 6th in the list of top digital currencies in the world. Litecoin (LTC) is currently trading at $79 after an increase of 3.5 percent in the last twenty-four hours. The digital currency has a market cap of $5.17 billion and a trading volume of $343.24 million in the last twenty-four hours.
How High Can the Value of Litecoin (LTC) Go?
Litecoin is one of the oldest digital currencies in the market. It’s been in the market since 2013, and it has spent most of its life beneath the $10 level. Its all-time high was $375, which was on the 19th of December last year. Since then, the digital currency has lost seventy percent of its value.
The future of Litecoin (LTC) is dependent on several factors such as the potential of the project, the transaction speed, the transaction price, coin volatility, ease of mining, and ease of trading. Since Litecoin (LTC) is highly preferred by some of the biggest digital currency favoring nations in the world such as Japan, South Korea, and China, chances are the value of the coin will surge pretty soon.
Litecoin Price Prediction 2018
If the bears set in like they did over the past three weeks, Litecoin, as well as other digital currencies in the market, will have a pretty tough time ahead. But if the bulls take over the market, then the value of Litecoin (LTC) will get to a minimum of $350.00 to $400.00 by the end of the year.