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The Total Supply is similar to stock market’s Outstanding Shares. Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation . If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Litecoin is positioned in the market right now. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.
Live LIT Price Analysis
In addition, due to their features and overall convenience, cyptos may also be increasingly useful for individuals to send and receive payments. Litecoin could eventually be used to purchase anything from consumer goods and services, to real estate or a simple cup of coffee. Needs to review the security of your connection before proceeding. Although Ethereum would usually be a better fit for most portfolios, you should research both of these crypto assets before you make up your mind. In order to get any cryptocurrency, you will need a crypto wallet that supports it.
A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity. Bitcoin price is at an inflection point as it continues to rally amid multiple sell signals on lower time frames. The Nonfarm Payrolls report, including the unemployment rate and average hourly earnings, is set to be announced on February 3 at 1330 GMT. Shiba Inu price is experiencing an increase in volatility as the price has declined by the largest percentage amount this year.
- If the $90 swing low is breached at any time, the uptrend potential will become void.
- In December 2017 and April/May 2021, Litecoin’s price broke above $250 and reached a peak of about $410 on both occasions before it fell sharply.
- Currently, the EMAs are trading at a close distance to each other showing low momentum at press time.
At the moment, it is still ranked among the top 30 cryptocurrencies by market cap. Charts can potentially be a very useful tool for both short-term trading and long-term investing. Long-term investors may use charts to look for tradeable technical patterns, or to spot trends in the market. Long-term investors may use charts to look for areas to buy or sell at, such as when prices pullback to a previous breakout level or start to make fresh highs. Charts provide a simple, graphic depiction of market activity for easy reference.
Litecoin Price Prediction 2026
You can buy or exchange Litecoin at great rates and with low fees on Changelly. Get daily alerts on price changes of the top 10 cryptocurrencies. Despite having a solid technical foundation, Litecoin doesn’t really have any of those things. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page.
They’re used to trace website activity & growth within the project. DR metric is a sign of the project’s website reputability that is ranked from 0 to 100 . Organic Traffic – is a metric of how many monthly users visit the project’s website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype. The quantity of all coins/tokens that have ever been issued , minus all coins/tokens that have been removed from circulation .
Crypto analysts have checked the price fluctuations of Litecoin in 2023 and in previous years, so the average LTC rate they predict might be around $113.57 in April 2023. Created in 2011 by former Google engineer, Charles Lee, Litecoin offers a faster mining block generation time and a much increased number of coins to Bitcoin. It was and remains one of the most successful forks of the Bitcoin network, and paved the way for future Bitcoin forks. The EMAs are currently trading above the mean position as net price movement over the last ten days remains negative. Currently, the EMAs are trading at a close distance to each other showing low momentum at press time. Moreover, the converging EMAs suggest a slowly declining bearish momentum.
Its minimum and maximum prices can be expected at $95.92 and at $109.05, respectively. The Bollinger Bands are currently narrow as the price action observed low volatility across the short-term charts. Moreover, as the price action trades close to the mean line, the indicator would observe further convergence across the timeframe. The indicator’s bottom line provides support at the $95.09 mark while the upper limit presents a resistance level at the $102.21 mark.
Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates. Despite not being among the top 10 cryptocurrencies by market capitalization, Litecoin is still an incredibly popular cryptocurrency. As a result, there are quite a lot of Litecoin price predictions out there made by top industry analysts.
Short-term traders may prefer shorter time frames, such as 1 minute, 5 minute or 15 minute charts. Long-term investors, on the other hand, may prefer much longer time frames such as daily, weekly or monthly charts. Longer time frames may potentially cut out a lot of the irrelevant market noise, and provide more valid buy and sell signals. Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked .
Avalanche price analysis: Bears are dominating the market as prices drop to a new low of $19.95
This means that there is a person out there who has at least some additional influence over the project. However, it is still considered fully decentralized by the community. Now, let’s take a look at the result of the LTC technical analysis performed by Trading View. Bilal Ahmed is a blockchain enthusiast and an avid reader who loves writing about ramifications of blockchain and cryptocurrencies. He believes in doing due diligence with facts before transmitting.
As a result, LTC’s price rose 30%, but eased soon afterward when the alliance was revealed to be a hoax. In May 2021, LTC price recorded its all-time high of $412.96, but it fell by over 50% in the following six months. LTC price history includes peaks intersected by long periods of sideways activity. In December 2017 and April/May 2021, Litecoin’s price broke above $250 and reached a peak of about $410 on both occasions before it fell sharply. Cryptoassets are highly volatile and unregulated in some EU countries and the UK.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk journalists are not allowed to purchase stock outright in DCG. Any data, text or other content on this page is provided as general market information and not as investment advice.
Like most other Litecoin price forecasts, the one from Digital Coin Price is also bullish on this digital asset. Their price prediction sees the coin’s price doubling in value over the next five years. The Price Prediction platform’s Litecoin forecast is unbelievably bullish.
BitDegree Crypto Learning Hub aims to uncover, simplify & share cryptocurrency education with the masses. Based on the Learn and Earn principles, crypto newcomers, students & researchers are enabled to gather core crypto knowledge by collecting incentives while they learn. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. It’s important to note that current Lition market capitalization is $44,021, Talking about circulating supply, LIT has 35,542,029 coins. Most Litecoin forecasts are bullish on this coin, and those that are not still don’t see it crashing.
Does Litecoin use Proof-of-Work?
The minimum trading cost might be $106.22, while the maximum might reach $114.35 during this month. On average, it is expected that the value of Litecoin might be around $110.26. Overall, the 4-hour Litecoin price analysis issues a sell signal, with 10 of the 26 major technical indicators supporting the bears. On the other hand, only seven of the indicators support the bulls showing a low bullish presence in recent hours. At the same time, nine indicators sit on the fence and support neither side of the market.
The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market. At the moment, we think that, realistically, the LTC price can go up to about $1,000 — at least in the near future. The 50-day Simple Moving Average takes into account the closing price of Litecoin over the last 50 days. Currently, Litecoin is trading below the SMA 50 trendline, which is a bearish signal. The Relative Strength Index is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Litecoin is at 51.08, suggesting that LTC is currently neutral.
Lition is developing a scalable public-private blockchain with deletable data features, made for commercial products. This protocol aims to enable blockchain-based applications to be deployed commercially.
Nonetheless, they have different hash functions, and Litecoin was specifically designed to process transactions four times faster than Bitcoin. Wallet Investor’s LTC price prediction is moderately bullish in the short run but expects this coin to go through a period of explosive growth in five years. Meanwhile, the 200-day Simple Moving Average is a long-term trendline that’s calculated by taking an average of the LTC closing price for the last 200 days.
The broader cryptocurrency market observed a bearish market sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include https://cryptolisting.org/ NEAR and HBAR recording an 8.27 and a 5.34 percent decline, respectively. Cryptocurrency experts are ready to announce their forecast for the LTC price in March 2023.
Whether or not these currencies do increase in value, and to what degree, largely depends on how successful they are in gaining widespread acceptance. If demand increases, with limited lition coin price supplies, prices could increase according to the simple laws of supply and demand. The most active and popular exchanges for buying or selling LIT are Binance, Kucoin & Kraken.
Binance has the lowest transaction fee rate amongst all major trading platforms. The current price per unit of weight and currency will be displayed on the right. We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. Most Secure Wallets To Start With Check the analysis report on Top-rated Crypto Wallets that are safest for your funds. Exclusive Crypto Deal List of 2022 Get huge savings on the biggest crypto brands with custom discounts & deals.