Following an increase in bond yields, investors bailed out of so-called risk assets, including Bitcoin. Traders were worried that rising inflation would increase government-borrowing costs and pulled BTC lower due to the sale. If it does, we can see more selling of BTC and stocks.
Another instrument that could possibly rise drastically will be the US dollar, which has risen after heavy selling last year. After the March panic lows, investors have been able to fend off risk consistently, and it is unlikely that central banks will allow higher bond yields to rattle markets too much.
Despite the recent drop, the cryptocurrency market should be supported in the coming weeks and months due to bullish factors. All in all, although the cryptocurrency market is currently one of the hottest investment markets, it is still highly unpredictable. Более читаемые анонсы. Биткоин-биржа FTX. Токен проекта обвалился н Meta упростила пуск связанной с криптовалютами рекламы на Роскомнадзор ограничит работу еще 6 VPN-сервисов Square сменит заглавие на Block.
Компания сфокусируется на б Конгресс США обсудит криптовалюты с ролью топ-менеджеров Ювелирный бренд Cartier представил коллекцию NFT Смена режима Связанные анонсы. Marathon расположит наиболее биткоин-майнеров на объекта Binance поддержит обновления сетей Avalanche, Tezos и Theta В Дагестане отключили еще одну ферму для добычи биткоинов 02 Dec Русские власти откроют доступ к госданным разрабам н
You may ask questions like: "Should I invest in Litecoin now? We update Litecoin forecast regularly with fresh values. Look at our similar predictions. We making a forecast of future prices for huge amount of digital coins like Litecoin with technical analysis methods. If you are trying to find cryptocurrencies with good return, you should explore the maximum of available sources of information about Litecoin in order to make such a responsible decision about the investment by yourself.
BTC 0. ICO Price. Market cap. Low - High [24h]. Vol [24h]. Cur - Max Supply. Litecoin price prediction based on worldwide money flows. Worldwide money flows definitions used for Litecoin price prediction M0 : The total of all physical currency, plus accounts at the central bank which can be exchanged for physical currency. While the comparison of these cryptos to precious stones has been debunked long ago, the historical relationship of gold and silver somewhat represents the relationship between LTC and BTC in terms of their monetary value as well as in popularity.
Bitcoin has emerged as the leading and most popular digital store of value in the industry. This is due primarily to its high value, similar to gold. It has been increasingly expensive to move BTC around, making it less likely to be used as a medium of exchange again like gold.
This is where LTC shines as it is a more viable option to use as currency for daily transactions. This puts LTC in a better position to achieve mass adoption. With developers who are more open to technological advancements in blockchain technology, we can see LTC technology advancing more rapidly than Bitcoin.
Litecoin is as good of an investment as any other coin that is listed in the top 10 cryptocurrencies by market capitalization. Litecoin is one of the most important and most liquid digital assets in the industry. Currently, it is listed in more than crypto markets, most, if not all, of the more significant centralized exchanges CEX support LTC. Many of these exchanges, especially the regulated ones, have fiat on-ramps allowing their customers to buy LTC directly with fiat.
There are also other ways to buy LTC. An easier way to buy Litecoin is by using instant exchanges. They are buying and selling venues where you can purchase cryptocurrencies without the complicated process of having to deal with order books, which may prove to be a bit complicated for beginners.
There are many instant exchanges in the market today three of the most famous are Shapeshift, Changelly and ChangeNow. They offer the same services and it up to you to decide which among them fits your requirements. One important thing to remember when buying Litecoin is deciding where to store your LTC.
Users with higher security requirements stores their LTC in non-custodial wallets or hardware wallets. However, if the owner losses these keys, he or she will not be able to recover his or her accounts. This is similar to hardware wallets with additional physical security features like pushing a button of the hardware wallet to confirm or initiate transactions. Ome wallet providers allow their users to buy cryptocurrencies directly from their apps.
Crypto wallets such as TrustWallet, Atomic Wallet, Coinbase wallet App, Coinomi, and among others are some of the wallets that allow users to purchase Litecoin in their application. A few of these wallet providers have also integrated fiat gateways that enable users to purchase crypto using cash through their banks, credit, and debit cards. The Litecoin network went live on October 13, It was the brainchild of Charlie Lee, a former employee at Google who saw the need to develop a lighter version of Bitcoin, which he thinks is better suited for the daily transactions of the everyday people.
It is no secret that Litecoin is essentially a copy of Bitcoin codebase with some modification that allows it to process transactions faster and cheaper. In a nutshell, PoW works by allowing miners devices with powerful computing capabilities to solve cryptographic problems to be given a chance of being chosen to write the next block on a blockchain. In other words, anyone who is participating in the consensus activity has a chance to write the next block or record on the network. While Bitcoin and Litecoin use the same consensus protocol, they use different algorithms.
A SICS are powerful and expensive devices designed for mining cryptocurrencies. We will not go into detail what is the difference between the two what is important here is to know that they have different algorithms, and there was an attempt by Litecoin to democratize mining. Another essential difference between Litecoin and Bitcoin is its Block Time, which simply means the time each network produces a new block or record.
The leading organization behind Litecoin is the Litecoin Foundation. It is a non-profit organization registered in Singapore whose members came from different parts of the world. Their mission is to advance Litecoin for the good of society through the development and promotion of cutting-edge blockchain technology. Included on its board of directors is Charlie Lee, the creator of Litecoin.
He acts as the managing director of the foundation and its primary benefactor Charlie sold all his Litecoin holdings during the height of crypto bull run. The foundation team is composed of multinational professionals, volunteers, contributors, ambassadors, and developers led by Charlie, who doubles as its lead developer.
He describes himself as the benevolent dictator Litecoin as he dictates the development direction of Litecoin. This is in stark contrast to bitcoin, where all protocol changes will have to go through consensus before its implementation. Cryptocurrency is a nascent industry. It was introduced over a decade ago but is yet to achieve mass adoption. There are various reasons why it has yet to reach this type of market maturity.
There are many barriers to entry, especially for new users who are not yet familiar with how to deal with this emerging asset class. This is why partnerships are vital. They can help spread awareness about Litecoin while at the same time, expand the use case of Litecoins by allowing holders new ways how to spend their LTC. Take, for example, Travala, one of the partners of the Litecoin foundation. It enables LTC holders to book at over K hotels in countries, covering over 82, locations.
Litecoin foundation is also partnered with fiat-crypto payment processors like Aliant Payments and Coingate , both of these payment processors allow merchants to accept Litecoin. There is a whole list of partners Litecoin has over its website.
What is important to note is that these partnerships help increase the awareness and popularity of Litecoin as well as its use case. Through these partnerships, the Litecoin foundation hopes to reach mass adoption. The main focus now of Litecoin developers is to improve the fungibility and privacy features of Litecoin.
They plan to do this by adding Mimblewimble. This blockchain design employs a new way of storing and structuring transactions with the main aim of increasing privacy and better network scalability. According to Charlie Lee, they chose Mimblewimble because it scales much better than other privacy-focused protocols, like Monero or Z-cash. Other upcoming technologies are in the pipeline for Litecoin. However, the main thrust of the Litecoin developers right now is what we have discussed above.
Lightning Network LN is just another network that allows instant transactions and reduced fees; it is currently under development and has not reached the kind of reliability required to make them a viable option. Atomic Swaps allows users to trade on the coin for a different coin without going through an exchange, and it is also called cross-chain swaps.
This is built on top of the LN network hence still under development. Another exciting feature being developed are colored coins. Unfortunately, Litecoin developers do no have this feature high on their list. It allows LTC to be repurposed and be attached to an asset similar to a tokens issuance platform. However, like the others, these future features have been pushed back to give way for the implementation of MimbleWimble.
Throughout the years, Litecoin has consistently remained in the Top 10 cryptocurrencies by market capitalization and for good reason.
Email — contact cryptoground. Bitcoin News Ethereum news Altcoin news. Litecoin LTC. What is the current price of Litecoin LTC? Is it profitable to invest in Litecoin LTC? Based on the data, it can be predicted that it is Profitable to invest in Litecoin LTC for the long term. What will be the price of Litecoin LTC after five years? Will the price of Litecoin LTC fall or decrease or drop in future? The technical analysis using the algorithm says that the price of Litecoin LTC will not decrease or fall or drop in long term.
What will be the price of Litecoin LTC in ? When will Litecoin LTC crash? You can see list of exchanges from where you can buy or sell Litecoin LTC here. Some other most commonly asked questions: Will Litecoin crash? Will Litecoin moon? Will the Litecoin price go up? Is the LTC price going up? How much will Litecoin price increase in coming future? Will the LTC price fall?
Will price of Litecoin rise? When will Litecoin price fall? When will Litecoin price go down? Is LTC a worthwhile investment? When will LTC price drop? Is the Litecoin price going to drop? Will the Litecoin price drop? These are some of the most common queries that impatient or amateur investors have. The fact is - no one can accurately predict future of Litecoin LTC. All we can do is use various algorithms and run technical analysis of the Litecoin LTC using its historical price data and perform Litecoin forecast.
Note that these are all based on past data. What are the other words in which this page can be defined? These are some other terms to define this Litecoin LTC technical analysis page. Recent News. Blockchain and Cryptocurrency Updates Join our mailing list to get regular Blockchain and Cryptocurrency updates. Follow Us. Based on multiple technical quantitative indicators, the current forecast for Litecoin in is Neutral. This could be an indication that Litecoin is a bad buy in Positive correlation means that these coins commonly trend in the same direction at the same time.
According to our Litecoin forecast, the price of Litecoin will decrease by Litecoin traders use a variety of tools to try and determine the direction in which the LTC market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Litecoin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.
Moving averages are among the most popular Litecoin price prediction tools. As the name suggests, a moving average provides the average closing price for LTC over a selected time period. The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. If the LTC price moves above any of these averages, it is generally seen as a bullish sign for Litecoin. Conversely, a drop below an important moving average is usually a sign of weakness in the LTC market.
Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the LTC price. Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Litecoin with different granularity — for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends.
Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Just like with any other asset, the price action of Litecoin is driven by supply and demand. These dynamics can be influenced by fundamental events such as Litecoin halvings.
Regulations, adoption bycompanies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of LTC. Some traders try to identify candlestick patterns to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.
Sentiment Neutral. Bancor Network Token. Elrond eGold. Full History. What is the current Litecoin sentiment? How to predict cryptocurrency prices? Is it profitable to invest in Litecoin? Is Litecoin a good buy in ? How is Litecoin correlated to other assets? What will the price of Litecoin be next week?
- The bearish market seems to be moving slowly away and crypto predictions regarding prices are intensifying more these days. Litecoin (LTC) is. This is a matter of regret that you prediction not true. The market of litecoin goes up this year. Litecoin price is now around dollar and it already. Supported coins include Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and EOS. Not enough? With Crypto Forecast you can create custom predictions that are.