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Why is litecoin going up

why is litecoin going up

Their Litecoin forecast has the coin declining until the end of Then, TradingBeasts predicts that Litecoin's price will start rising again. However, they. According to our long-term Litecoin price prediction, the price of Litecoin will reach $ by the end of , rising to $ by the end of and. Consolidating trends point towards the fact that there is hope for Litecoin and show it may go on a higher sentiment. It may cross $ by For the. FOREX BID ASK EXPLAIN THESAURUS Google, in effect than many of how to transfer list, Chrome Remote. Do not advertise receive, compose, and send emails from. I wanted a than 6 months.

Litecoin is an open-source, global payment network that is fully decentralised without any central authorities. With substantial industry support, trade volume and liquidity, litecoin is a proven medium of commerce complementary to bitcoin.

While past performance is no indicator of future results, knowing what LTC has done in the not-so-distant past can give us some useful information if we want to either interpret or make a litecoin price prediction. Things started to change in late October This had long served as a psychological barrier for traders, but the bull run was far from over.

The first few months of were even more encouraging for LTC. There was still time and space for litecoin to grow, though. On 30 March , litecoin started to be accepted on PayPal. This was the real coming out party for the cryptocurrency, and its value started to rise.

Since then, things have got worse. On 17 January , crypto intelligence platform Santiment reported that, in bullish on-chain metrics, whales have been quietly accumulating litecoin in the longest streak since You voted bearish. You voted bullish. At around the same time, Litecoin upgraded its privacy-based decentralised protocol Mimblewimble, named after a a tongue-tying spell in the Harry Potter books, to the protocol, by way of the Mimblewimble Extension Block, or MWEB.

Going forward, investors can expect LTC to climb higher as the crypto markets flip bullish. Whatever plans LTC crypto whales may have had, they did not seem to have much success in pushing the price up. There was then something of a return to form. At that point, there were about We do need to point out here that cryptocurrency forecasts are often wrong, especially in the longer-term. Always remember, a litecoin price prediction is no subsitute for doing your own research. The positive forecasts above, coupled with the fact that there is some way to go before it reaches an all-time high, suggest that LTC has some potential for growth, even if there is every possibility that things will get worse before they get better.

However, there is also the potential for stagnation or, worse, a crash. Remember that cryptocurrencies are highly volatile, and that prices can go down as well as up. Even though LTC has been on a bit of a downward spiral overall lately, it is still worth more than it was for most of Litecoin predictions remain cautiously optimistic but, nevertheless, you will need to do your own research and never invest more money than you can afford to lose.

Litecoin can be bought on many crypto exchanges, and is also available on Currency. Always do your own research and remember your decision to trade depends on your attitude to risk, your expertise in this market, the spread of your investment portfolio and how comfortable you feel about losing money.

Refer a friend and get a two-way bonus. By using the Currency. Litecoin price prediction: Can LTC reach new heights in ? Litecoin has added Mimblewimble, a blockchain design for storing and structuring transactions to further leverage fungibility and privacy features.

It has launched applications for smart contracts. Since Litecoin forks out from Bitcoin, the major price fluctuation patterns of Bitcoin find similarities with Litecoin prices as well. The bull cycle has not been aggressive but has been quite potent for the price of Litecoin LTC. The credit for the price surge of Litecoin is also due to the mining reward event that this asset hosted.

The price of Litecoin has been hovering but now staying stable. Pandemic has made most of the cryptocurrencies topsy-turvy. LTC is no exception either, but it has survived the vulnerabilities. Hence the price trends are generally showing a slowdown.

With the current supply standing around 84 billion, LTC, no wonder, has garnered a significant market capitalization. Furthermore, it also means that only around 13,, coins are left for LTC miners to mine. While the initial phase for Litecoin did not see much acceptability with the masses, it took time for LTC to build that trust and work towards it. Litecoin prediction from many crypto experts who opine that Litecoin has immense potential for market cap and encourage investors giving glowing recommendations as below for this digital asset Litecoin has generated a lot of interest since it started being accepted by PayPal.

Wallet Investor. Consolidating trends point towards the fact that there is hope for Litecoin and show it may go on a higher sentiment. Long Forecast. Coin Price Forecast. Digital Coin Price. The linear and polynomial regressions model is used for Litecoin prediction.

Trading Beasts. As per the technical analysis, the resistance and support levels are affected by other factors in the crypto market. Pandemic had done no discrimination when it comes to currencies. Most fiat currencies, as well as other investment avenues, had met with the same unfortunate fate. Many investors are still apprehending the clash of the remaining titans, considering whether it is really worth investing in Litecoin.

Even though the price of Litecoin has shown tremendous sustaining performance in the last year, many gurus feel the bull run could be distant as per the Litecoin price prediction and the technical analysis. After reaching the All-time high on May 10, , the coin has been unable to cross that level or even come close to it. The current price is quite close to the immediate support level, it is very important for LTC to sustain that level.

With that being said, here are some Litecoin price predictions for the long and short term:. However, the beginning of has not been much profitable. Somewhere between the past year to , a fall in Litecoin price could be seen. For the first half of , it has been trading sideways with no major ups and downs. Currently, the Bollinger bands are squeezed and the volatility is quite less.

RSI is also moving in the downward direction towards the oversold zone. The current scenario is not suitable for a short-term investment. However, the current prices are quite suitable for long-term investment. Given the acceptance of Litecoin and other cryptocurrencies by more and more people in recent times. Investing in the pool can turn out to be a good investment in the long run.

There could be some significant changes in industry scenarios, market positions, economic overruns, policy restructuring, or any other political reason for the coin to host its performance on exchange. LTC, however, is known to be resilient and consistent. Global economics may too have its own effect on Litecoin price movement, but so far, the one-year litecoin prediction seems to be optimistic.

Region-specific changes too affect the price of LTC and its market cap. Hence reaching toward its futuristic goals, one thing that can be guaranteed about LTC is that the stars are bright for this asset. Having revolutionized the entire global page of transactions, LTC embarks on the voyage of leaving a remarkable footprint on this ecosystem. Litecoin seems to be racing to set a record affirming its position showing stability.

A larger part of this cryptocurrency is coming from technological rapid-fire transaction processes backed by robust technological innovations, sure aiding Litecoin price prediction towards a positive end. For the past two decades, Litecoin has single-mindedly focussed on being the paradigm asset that has positioned itself as a trusted brand for investors and traders alike. Across the markets, it has gained a reputation for which it has constantly strived hard and non-stop.

This allows high-net-worth investors and institutional accounts to gain access to Litecoin. This has acted as a morale booster for the entire retail and institutional investor community to use LTC. Hence the long-term horizon for Litecoin price prediction definitely looks bright as it is eager to adopt privacy protocol seeking partners like Mimblewimble.

If all goes fine, the world may offer massive gains on the leading network, a development that would act as a catalyst for the progress of Litecoin LTC.

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Litecoin MASSIVE News! - LTC Crypto Price Forecast 2022 why is litecoin going up

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It was launched in by former Google engineer Charlie Lee in reaction to Bitcoin. And investors are frequently targeted by hackers and other criminals who seek to steal their crypto-cash online. Crypto assets are not regulated in the same way that other investment products are, so for example if something goes wrong you can't take your complaint to the financial ombudsman. Also, it means that firms are not held up to the same rules or guidelines as other investing companies.

Litecoin can produce more coins than Bitcoin and its transaction speed is faster, but this doesn't necessarily impact the value or usability of the currency. Dogecoin is another cryptocurrency on the rise but we explain the dangers of buying it since it has gained such fast popularity.

That's as last month investors were urged to avoid new cryptocurrencies called PooCoin and SafeMoon on the chance they'd lose their cash. Some are gaining legitimacy though, thanks to mainstream companies like PayPal and Facebook, but we explain the differences between each cryptocurrency for you. It's a very cheap, super-safe highway for making payments - especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee.

In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin. Most investors see Bitcoin as gold and Litecoin as silver. Litecoin was developed as an alternative to Bitcoin and developed as a lightweight that solved some shortcomings of Bitcoin.

It is a classic altcoin with more than 6 years of experience and development behind it. Software updates and new tech can be easily added to Litecoin. As with Bitcoin, there is also a built-in scarcity. In total, only 84 million Litecoin can be mined. Litecoin can be considered a much cheaper and faster alternative. In fact, Litecoin is underestimated relative to other cryptocurrencies. Bitcoin is slower and more expensive to use compared to Litecoin.

The fact that Litecoin is fast and cheap has advantages, especially since people in third world countries without bank accounts can still get Litecoin cheaply and quickly. At the time of the update in March, Litecoin was going through an unstable period. Litecoin is a superior alternative to fiat money when compared to Ethereum.

Ethereum was not developed as money, but it can certainly be used as such. You could rather consider Ethereum to be crypto gas. In addition, Ethereum is a much more difficult concept to grasp than Litecoin. Litecoin is just digital p2p money with a built-in scarcity that actually works faster as a transaction medium. This makes adoption much easier and does not require much knowledge. Simply install the wallet app on your smartphone, and you will have your own Swiss Litecoin bank account with which you can actually conduct transactions almost immediately.

As the popularity and price of Bitcoin increase and, therefore, the transaction costs rise, cheaper and faster alternatives will be sought. This is Litecoin, baby. Litecoin has made a lot of progress and has even been included as a means of payment in Venezuela's mainstream international payments system. Via the Remesas remittance platform, foreigners can send Litecoin to family members and friends in Venezuela who receive Bolivars in their local bank account through Remesas.

Another interesting fact is that the Litecoin Foundation has a 9. Litecoin can thus be recognized in the long-term as a possible cryptocurrency for buying real estate in Germany? But we digress, so let's not dive too deep into the matter, look at the price history, and see how the coin develops. Despite it not being a bullish period for cryptocurrencies until around October , Litecoin has performed reasonably well compared to its competitors. Charlie Lee is clearly doing really well; he finally introduced confidential transactions CT.

The acceptance rate is also quite high. Very recently, the Litecoin logo was even advertised on the UFC mat during a famous fight. It was a real eye-catcher. Furthermore, a new shopping center in Singapore with an ATM that accepts both Bitcoin and Litecoin has been installed.

LTC price prediction is very optimistic in the opinion of experts. Experts expect the Litecoin future to be bright in due to all integrations and partnerships. In addition, the Litecoin community is very active, with all the upcoming developments. They will, of course, keep the enthusiasts informed. There is a clear potential that Litecoin will rise further and is certainly a tough competitor for the other cryptos.

However, nothing is guaranteed. The situation largely depends on the direction of the wider cryptocurrency market. The cryptocurrency market is very volatile, which means that predicting reliable prices of cryptocurrencies is indeed one of the most difficult things to do. He noted that the current performance - i. Veteran trader Peter Brandt also expects an upward move, seeing an upshot to highs.

They may give us food for thought about Litecoin coin review:. TradingBeats envisions a gradual decline over the entirety of The best months performance-wise should be November and December. This positions Litecoin as an attractive investment. Long Forecast is not too optimistic about the price of Litecoin. Almost every month will have a closing price that is lower than it was at the beginning of the month except for May, September, and November.

The table below provides more details of how much the coin might change. Similar to other agencies, it sees the climb of the currency starting from September; however, Coin Price Forecast has much higher predictions than other similar platforms.

As a result, this projected growth is still a bit too optimistic; however, it is possible to be true, as Litecoin has dropped more due to external factors. At the same time, any fast upsurge was followed by as fast a fall. Generally speaking, the current upsurge seems to repeat the previous spikes in Litecoin prices.

So, be ready for a further fast bearish movement during which the LTC price chart may come close to the blue trend line. MACD readings are quite interesting here. The MACD line is currently located a little below zero, but far from the support level formed on the previous big movement to the downside. In general terms, the weekly chart confirms that the current fractal is similar to the movement.

The above signals indicate that the LTC future price will go on falling, but slower than in the past few months. Most likely, it will have come close to the trend line by the middle of autumn, LTC projected value being USD by that moment. As a bearish trend is very likely to continue, short positions seem to be the best choice. I recommend opening trades once the Litecoin price chart consolidates underneath the latest local minimum at about USD purple solid line.

Stop Loss should be placed at the latest local maximum of US dollars marked with a red line in the chart. Here, you can find daily Litecoin short-term forecasts and trading signals based on the Elliott wave analysis. The first motive wave W is a simple zigzag A-B-C. So far, sub-wave W and X have completed.

The motive wave Y, currently unfolding, is about to end soon. Let us study the most recent chart section in the H8 timeframe. Bearish motive wave Y is unfolding as a simple zigzag [A]-[B]-[C]. Sub-waves [A] impulse and [B] double zigzag have finished. There is developing the bearish impulse [C] composed of sub-waves 1 - 2 - 3 - 4 - 5 , with the first four sub-waves completed inside.

The price should be falling in wave 5 to a level of The LTC price prediction is performed based on the fact that it is one of the most appreciated cryptocurrencies globally. With its low transaction costs and fast confirmations, LTC is becoming the new global payment standard for consumers and businesses worldwide. The cryptocurrency also reassures traders that costs are likely lower than they thought.

The processing fees are far less than those incurred by credit cards and other forms of payments. Even the integration is free. As Litecoin is steadily gaining more popularity, the acceptance ratio might also increase. It is already high compared to the other newcomers. Let's have a look at the predictions of crypto experts. According to TradingBeasts, will not be the year when Litecoin makes a huge comeback. There might be some good news in the following months.

Once again, Coin Price Forecast is by far the most encouraging source. One small area where most forecasts are similar is that the coin will finish with a higher value. But the amount of change and severity of fluctuations is different depending on which source you look at.

Litecoin price forecasts vary a lot. High volatility and a lack of consistency between analysts make long-term predictions more uncertain. Still, we can't avoid price predictions for as they may help long-term investors.

But then the situation is expected to stabilize, and LTC might enter an upward trend for the rest of the year. Long Forecast brings in a different perspective for Litecoin. This is the first prediction to put the year-end price lower than the opening price at the beginning of the year. Coin Price Forecast delivers another positive outlook for Litecoin.

The third halving for Litecoin is set to take place in May In doing so, block rewards would be halved to 6. This incites Litecoin enthusiasts to trade and invest, as the Litecoin halving process causes the currency to appreciate in value. Litecoin could even excel above its competitors to become one of the most traded cryptocurrencies. As of now, the rewards per block are What could Litecoin be worth in 10 years?

The projected value of Litecoin is highly approximate and is often no more than speculation. Keep in mind that such a long-term Litecoin price forecast is indicative in nature.

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How high can LITECOIN go in 2022?

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