LTC Price Prediction 2018: The first and a better part of the second quarter was terrible for litecoin. When the value of the coin started to drop at the beginning of the year, investors thought that it was just a normal retracement because the currency had a significant amount of success at the end of last year. But this time, the decline went too far. This has made coin holders to lose interest in the coin and opted to sell the coin at a loss. But looking at the current factors, litecoin could be heading for better days. Due to some underlying progress, the values of the coin is expected to rise in the coming days.
Litecoin Announcements and Exchanges
The main reason we expect the coin to regain its values is that of its overselling. LTC is now at the oversold territory. The costs of LTC had dropped drastically, and this created a picnic in the mind of the investors, and there was a lot of selling of the coins and market overreaction. Almost all the holder prefer to sell off the coins. When an asset goes deep into the oversold zone in the market, it is expected to rebound back in no time. The assets sit on the oversold area only for sometime and break through to get back on the market. But the rebound may not take Litecoin into its original position, but gradually the benefits will increase for this coin. As of now, Litecoin is trading at $74.02 which is a decrease of 6.38% from the previous day’s value. Our predictors have analyzed the costs of Litecoin and have stated that by the end of this year there will be a hike in the amount of this currency and will worth $171.43 which is a 128.86% increase.
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Litecoin Price Prediction 2018
Litecoin can be a profitable investment option. LTC price equal to 74.144 USD at 2018-06-29. If you buy Litecoin for 100 dollars today, you will get a total of 1.349 LTC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-06-25 is 813.525 US Dollars. With a 5-year investment, the revenue is supposed to be around +997.22%. Your current $100 investment may be up to $1097.22 in 2022. LTC price today is $74.144 and have the market cap value $4,245,467,766. The current supply is 57,182,946 LTC, and the volume sits at $281,156,000.
There is no point in refusing the fact that crypto markets are undergoing a disturbing situation where Bitcoin can’t appear to make a recovery allowing altcoins to grow beyond expectations and overcoming lots of profits. But, it’s also a fact that there has been such Bitcoin price decline in the past as well, which was accompanied by a bull breakout and this is causing fear among investors. Nobody wants to lose this chance by not making their move when the values of top 10 cryptos are low. Although, it continues to see how Litecoin starts their countermeasures and progress to grab the first spot once the market gets bullish.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give the information of the coin with careful analysis. Please conduct your thorough study before funding in any crypto.