Litecoin price movements.

[Calvinpriva 17296]

The current price of Litecoin is $73.5 according to yobit exchange. When you watch the graph in the past 7 days the price was only $57 but it has made an increase of $16.5 which is more than 25% increase in just a week. The highest price of LTC in 2020 is $83, it reached that price in February then it started to fall again until it reached $60 and in March it dumped under $40

 

Many traders thought Litecoin would never cross $68 this year because the price was dumping from $80 to $40 very quickly in a short time, but now the price is $73. When we watch Litecoin graph in 2017, we see the highest price of $360 which happened in December, if you will make research on the Bitcoin graph at the same time (December 2017) you will notice that BTC and LTC pumped together, which means BTC supported LTC and together they reached their highest prices at the same month and same year.

 

We have seen bitcoin supporting some altcoins to grow including litecoin, now we see bitcoin at $17K and litecoin at $73, maybe this can be a good sign for these two currencies to grow together again and reach even the high price, perhaps the same as 2017's price or near. 

 

In this year, litecoin reached $83 as the highest price (in February) and from there the price started to fall again. Many investors gave up on litecoin because they thought it will keep falling after they saw the lowest price of $33 (in March) but after some days it started to grow again and give new hope to investors. But we see in just a week LTC moved from $57 - $73 which is a great increase! And the same thing happened to BTC, it moved from $15K - $17K that means these two coins move together, and perhaps they can generate a huge profit if this will keep happening.

 

So according to my analysis, i see there is a great chance for LTC to keep growing if BTC will keep moving up! Maybe BTC can support LTC and it can cross $80 this year, anything may happen. Please make your own analysis before you make a decision to hold LTC after reading my topic, thank you!

 

 

Edited November 17, 2020 by Calvinpriva

[Calvinpriva 17296]

24 minutes ago, Kareemramzy83 said:

Litecoin is one of the wonderful currencies that is characterized by a very professional team Its price is acceptable for investment and it is characterized by the fact that the fees for withdrawals are small to and from the portfolios, and this is a good thing

Well said, and i agree with you. A lot of people trade and invest in litecoin because it has a professional team, low trnasaction fees, and quick transactions. Also, litecoin can generate a good profit in arbitrage because sometimes it has up to $2 price difference from one exchange to another.

[Onden 2098]

I agree with your analysis, I observe that among the available altcoins, only Litecoin has seen a very significant increase at the moment. Yesterday in 1 day Litecoin price rose by about 15%, and this is not the case for ETH, people expect ETH to rise more than the current price. I saw that Litecoin did have a great opportunity to grow and could potentially go up to the price of $ 300.

[Razan alikac 1899]

Litecoin is a good currency for daily exchange and long-term exchange, and there are some traders who assume that mining Litecoin is more profitable, but there are difficulties in terms of network consumption and network difficulty, so I see the best is to exchange Litecoin against the dollar, which is less expensive and more profitable.

[Calvinpriva 17296]

Sure, @Smsadik420 many people use Litecoin in a variety of ways including investors and traders. Fees are the main reason, we pay a very small amount and we can transfer a large amount of LTC without any problem. Another reason is quick transactions, which is why many business owners who accept payments like crypto, prefer LTC transactions too.

[Jandancoin 482]

Litecoin price may soar $100 before the end of 2020, only what I am expecting is for bitcoin to reach all time high which will be one of the criteria that would drive litecoin to such price. 

[Yomose 3704]

10 minutes ago, Jandancoin said:

Litecoin price may soar $100 before the end of 2020, only what I am expecting is for bitcoin to reach all time high which will be one of the criteria that would drive litecoin to such price. 

Very possible the price of litecoin may increase the more, cryptocurrencies  like bitcoin, ether and litecoin are truly very bullish,you makes more people to be investing on these coins. The more they invest the more the marketcap that also proportionately driving the price higher. 

[Omar Ommeish 4872]

Many analysts expect the price of Litecoin to rise during the next month, and I think the reason for the price increase of this currency is that many people rely on it to transfer funds between platforms because the withdrawal fees are very low.

[CrazyIvan 258]

7 hours ago, Omar Ommeish said:

Many analysts expect the price of Litecoin to rise during the next month, and I think the reason for the price increase of this currency is that many people rely on it to transfer funds between platforms because the withdrawal fees are very low.

I think this is a real possibility. I wanted to send some BTC but the tranfer fees would be $6, that's alot of money if you're transfering anything less than $1000. With Litecoin, transfer fees were only about 7 cents. For this reason, I now use Litecoin to transfer funds. I decided to always keep some ltc from now

[Joseph J 608]

Currently Litecoin is over $ 80 if it reaches $ 100 it would surprise me and many others users because Litecoin is a very stable currency it has had its ups and downs as shown in the graphs. meanwhile it is the currency that I usually use to withdraw for its low Fees.it's one of my favorites coins i mean Litecoin

[MARAMBEN 278]

I think that the investment in it is good, but in the long run, the price of Litecoin achieved $ 82 today, as is the case with Ethereum

[benalmoh88 1500]

good analysis my friend @Calvinpriva, i holded my litecoin form six month but i speed up and i selled my bitcoin with price of 70$, i'm not lucky because i'm not see your analysis before, i wish for litecoin holders good earning.

[George10 9932]

I believe the sharp rise on bitcoin's price is contributing much to the performance of litecoin (LTC) and currently I also noticed that it's doing very well and promising to be very profitable for investment if it will continue to find support from bitcoin as you made it clear in your great topic thanks mate.

[tienda 8776]

Thank Dear friend @Calvinpriva for your interesting explanation lesson and analyze topic. Yes according to your analysis Litecoin chart turbulent indicates the constantly growing, so I think without the doubt, and I expect to see it reach 83 or 85 USD before December 15, 2020.

[KHALED ADWANI 1216]

I think it will reach a hundred dollars soon
It is tracking Bitcoin. Bitcoin is on the rise when Bitcoin stands at the highest point, which will follow Litecoin to reach a hundred dollars and maybe more

[estmerbol 257]

13 hours ago, Jandancoin said:

Litecoin price may soar $100 before the end of 2020, only what I am expecting is for bitcoin to reach all time high which will be one of the criteria that would drive litecoin to such price. 

Not for anything LTC is called the Silver of cryptos, it has been linked a lot of its growth with the rise of BTC but even its growth has been good. I follow two analysts who talk about 2 tokens that are very moved with the rise of BTC were LTC and YFI and still it is not known how far they can rise.

[Calvinpriva 17296]

1 hour ago, tienda said:

Thank Dear friend @Calvinpriva for your interesting explanation lesson and analyze topic. Yes according to your analysis Litecoin chart turbulent indicates the constantly growing, so I think without the doubt, and I expect to see it reach 83 or 85 USD before December 15, 2020.

Yes, dear friend @tienda LTC price is now $81. LTC is my second coin that i like to trade, and i was holding some amount since it was $46 then i sold at $80 😋 maybe it can go even higher but am glad i already earned a good profit. WAVES is amazing too, i thought would end at $4 but now is $6, i sold my WAVES at $5.

[oshomesho1991 297]

yes @Calvinpriva , I see it will take a bullish curve when the bitcoin price stabilizes
At the moment I started to move, but a little, and this is a good indication I have an analysis of my own in the picture.

 

Edited November 20, 2020 by oshomesho1991

[duncun007 3577]

3 hours ago, Calvinpriva said:

Yes, dear friend @tienda LTC price is now $81. LTC is my second coin that i like to trade, and i was holding some amount since it was $46 then i sold at $80 😋 maybe it can go even higher but am glad i already earned a good profit. WAVES is amazing too, i thought would end at $4 but now is $6, i sold my WAVES at $5.

yea i seen some people saying it might be going up to 120-130$, but to me i think it might tough 88-90$ and then it will start going down with bitcoin correction, I dont know why but personally im still not bullish on big marketcap coins.

[mohamedpc1 2213]

Yes, it is true, but the strange thing is that most electronic currencies have witnessed a significant decline in recent times, for you Bitcoin and Litecoin have witnessed an unexpected rise. So there is something that will happen so that everyone should be careful before making any decision so that you do not regret it later.

[Calvinpriva 17296]

31 minutes ago, sam sam said:

I expect that it will rise to a level that exceeds what it reached in 2017. Now the purchasing power in it is increasing and rising continuously

@sam sam The highest price of LTC is more than $300 so LTC can reach again that price maybe in the coming years. Yes, there are many traders and investors are buying LTC now, perhaps it will keep surprising us though am not sure! 

[Frodler 943]

The sudden increase of btc has again had a corresponding positive effect on LTC, $81 is really a good improvement and we hope it goes higher just like btc. 

[Cleaner 2549]

On 11/20/2020 at 7:23 PM, Calvinpriva said:

@sam sam The highest price of LTC is more than $300 so LTC can reach again that price maybe in the coming years. Yes, there are many traders and investors are buying LTC now, perhaps it will keep surprising us though am not sure! 

@Calvinpriva..I think the price of litecoin will increase this year.  And we can see that the price of Litecoin  is increasing day by day.  And its investors and traders are also growing.  As a result, prices are rising.  However, it may be the same as the previous price.

[Calvinpriva 17296]

2 hours ago, Cleaner said:

@Calvinpriva..I think the price of litecoin will increase this year.  And we can see that the price of Litecoin  is increasing day by day.  And its investors and traders are also growing.  As a result, prices are rising.  However, it may be the same as the previous price.

You are right @Cleaner litecoin traders and investors are increasing day by day and they push the price to grow as well. Many investors still believe that LTC will keep growing in this year, but i don't think if it can break it's record of 2017 which the price was more than $300.

[Cleaner 2549]

1 minute ago, Calvinpriva said:

You are right @Cleaner litecoin traders and investors are increasing day by day and they push the price to grow as well. Many investors still believe that LTC will keep growing in this year, but i don't think if it can break it's record of 2017 which the price was more than $300.

@Calvinpriva..Litecoin  is a very popular currency among altcoins.  Its price is increasing day by day.  Prices usually depend on demand and supply.  As the demand for litecoin  increases, so will its value. By investing and trading with these coins, many will be able to make good profits.  I think its highest price record could be broken this year.