Litecoin [LTC] price predictions 2018; Litecoin[LTC] Price Today July 9 17130
Analysis
Varun
Jul 9, 2018 at 6:52 PM

Litecoin (LTC) is one of the most undervalued coins out there. Though the coin is currently priced at just over $80, it has the potential to reach great heights. This is the reason why the trading volumes of Litecoin remain steady despite the fluctuations in its value.

Litecoin (LTC) price today

Litecoin (LTC) price has had a downward ride over the last 24 hours. The coin which started off the day at $85.59 had a steady run for the first 6 hours. Soon after this, the coin experienced a slow and steady fall for the next 8 hours. At the time of writing, it was trading at $82.27 with the 24-hour trading volume at $256.36 million. Litecoin (LTC) is holding on to its next critical support value of $76 and has bounced back from the level recently. However, today the coin has found a loss of 3.23%.

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Litecoin [LTC] price predictions 2018; Litecoin[LTC] Price Today July 9-BCFocus

 

Litecoin (LTC) price analysis

Litecoin (LTC) price analysis: Last 7 days

The last one week has been pretty alright for Litecoin (LTC), which is the same for most other cryptocurrencies as well. The coin has had a roller coaster ride, with the lowest pricing being $80.24 and the highest at $89.36.

Litecoin (LTC) price analysis: Last 30 days

The first half of the month was mostly bad for Litecoin (LTC). But during the second half, the coin has had a bit of a breathing.The coin had a decent price of $120.13 on June 9th, which was reduced to $74.21 on June 24th. But at the moment, it is trading at a decent price while holding stability. One good thing for Litecoin (LTC) about the price crash is the increase in trading volumes.

How high can Litecoin (LTC) price go?

Litecoin (LTC) is one of the oldest cryptocurrencies out there. It has been in existence from 2013 and has spent most of its life under the $10 mark. Its highest ever price was $375.29, which was on December 19, and since then, the coin has reduced by 70%.

Now, Litecoin’s future price can be dependent on several factors such as the project’s potential, the transaction prices, the transaction speed, the ease of mining, coin volatility, ease of trading against the US dollar as well as against other cryptocurrencies.

Since it is highly preferred by some of the biggest crypto favouring countries in the world such as China, South Korea and Japan, there are huge chances of the coin increasing in price soon. Many crypto enthusiasts say that it can maybe equal its highest ever price of just under $400 within the end of this year.

Litecoin (LTC) price prediction 2018

If the bears kick in, just as they did over the last 2-3 weeks, Litecoin (LTC) and all other cryptocurrencies may have a tough time ahead. But if the bullish trends  take over, there will be no stopping the coin from reaching a minimum of $350 to $400 at the end of this year.

If you’re looking to make some good money by the end of the year, then Litecoin could be a good option to invest in. That being said, it is always suggested that you invest in one crypto which gives instant gains, and in another which can be a long-term investment.

Litecoin(LTC) price prediction 2020

During the end of last year, Litecoin experienced a hike in the price of a whopping 5,100%. In comparison to Bitcoin, Litecoin has performed 4 times better, which is a phenomenal growth. Keeping in mind the enormous ability that it has, we can predict Litecoin’s price to reach anywhere between $1000 and $1200 by the end of 2019. By the end of 2020, it can go all the way up to $3000 (the maximum can be in excess of $4500). However, these predictions hold good only if the bullish market trends are dominant over the bearish ones.

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