Litecoin has had a week filled with glad tidings. The agreement with TokenPay which helped the company buy a 9.9% stake in a German bank has landed it into a media storm. The prices also have had a positive impact after the news and have displayed a stable uptrend. Litecoin can expect a price rise as its roadmap shows partnerships with multiple companies.
Litecoin price Analysis- LTC/USD
Litecoin price is experiencing buyer pressure and the price can be seen climbing up and has broken the key resistance level traced at $79.092. The price displayed a breakout at the first support level recorded at $76.265. The prices started rising and found support at $82.228. The significant trading range for today is from $77.7 to $83.34. The 100 EMA line is exhibiting an uptrend and the MACD is in the bullish zone. LTC is currently trading at $82.512 and is gaining against USD by 4.89%. Going by the coin’s performance in the last 30 days the prices might exhibit a reversal in trends.
Litecoin Price Prediction 2018
According to Walletinvestor, the Litecoin price can go up from 83.085 USD to 204.249 USD in one year. The price in five years is predicted to be 766.710 USD. LTC has a long-term earning potential of 145.83% in one year.
According to Longforecast, LTC price by the end of the year would be $40. This will imply a loss of 50.6% for the coin by the end of the year. By 2020, the coin prices are predicted to reach $126 which will signify a gain of 55.6%.
According to Investingpr, Litecoin has the potential to scale far beyond anything Bitcoin is capable of at the moment. If the rate of adoption along with the number of developers working increases there are chances for a price hike. According to Oracletimes, the Litecoin price will be $1000 by 2020.
Coindesk believes that if Litecoin stays above $240 for a short period of time, then it could reach the $300 mark quite soon. Litecoin could benefit from the positive news of founder, Charlie Lee, and the launch of its new features.
Litecoin’s impressive progress and its building reputation suggest that LTC price might touch the $100 mark. If LTC price reaches $100 the company can be ranked higher and become one among the top five. This would preferably be the right time to trade in LTC as many experts anticipate that LTC prices can reach the $100 mark if there are no major roadblocks ahead.
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