Another positive is that https://www.beaxy.com/ resembles Bitcoin very closely. This means that all positive developments in the Bitcoin world will inevitably affect Litecoin as well. It is safe to say that Litecoin complements Bitcoin, instead of competing with it.
Litecoin was last seen at $90.31, with a market cap of $6,549,500,707 and trading volumes of $386,683,969. LTC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community. 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.
Coinbase’s Android and iOS apps are among the most popular in the Finance category in both stores, while its website gets 20 – 30 million visits per month. With that said, being one of the five listed cryptocurrencies there, has helped Litecoin reach the point where it is today. Although this isn’t something that may influence its price positively from now on, should, at some point, the coin gets delisted or even in case of such rumors, its price will surely be affected. Last but not least, it is worth keeping an eye on social media activity and project-related news.
As a result, how much is a litecoin worth’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. Sign up for an account in minutes to buy crypto using credit card or bank transfer.
Litecoin Price Prediction 2030
Since the start of the 2019 NFL season, for example, the Miami Dolphins havestarted accepting Litecoin paymentsfor ticket purchases. After adding Bitcoin to its payment methods,Overstock.com has proceeded to add other cryptocurrencies, including Litecoin, Monero, and Dash. To get into more practical details regarding the Litecoin mining process, make sure to check thetutorials on the Litecoin Wiki page. After you have made sure that there is a place to store your LTC, the next step is to choose your hardware configuration.
- But despite that, it also shares a lot of similarities, as the two are peer-to-peer open-source cryptocurrencies.
- It pioneers technologies such asLightning for immediate global settlement of funds andAtomic Swaps for cross blockchain trustless trading.
- At the time of this writing, the reward of mining a block is 12.5 LTC.
- It’s organized as a non-profit that collaborates in tandem with the Litecoin Core Dev team to strengthen and grow the Litecoin network.
- This happens roughly every four years and means that the available supply of cryptocurrency becomes scarcer over time.
- This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages.
To check Litecoin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Deposit crypto to our exchange and trade with deep liquidity and low fees. In the last 24 hours.LTC has a circulating supply of 72.42 M LTC and a max supply of 84 M LTC. Litecoin is one of the oldest cryptocurrencies and was launched in October 2011.
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If you prefer a wallet, then the most popular choice is theLitecoin Core client. Bear in mind that it downloads the whole blockchain and runs full nodes, which means it requires more space. The transaction times are four times faster and without delays compared to those of Bitcoins.
Touted as the “silver to bitcoin’s gold,” Litecoin was developed to have much faster transaction speeds than Bitcoin, as well as to be more scalable. Litecoin stepped apart from other rival cryptocurrencies thanks to its advancements like faster block propagation speeds and adopting the Scrypt hashing algorithm. It also avoided a premine, allowing blockchain-based crypto developers to mine coins before the project is made public. One of those coins, Litecoin, was established in 2011 and started on a long history of growth and development. This altcoin from the Bitcoin-based universe has become one of the most profitable digital tokens to invest in as it offers faster transactions and lower fees than most other cryptos.
LTC Weekly Chart
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Mimblewimble – a privacy protocol that aims to make cryptocurrency transactions anonymous – is expected to hit the Litecoin network by the end of 2021. The blockchain was created by Charlie Lee, a software engineer who had worked at Google and crypto exchange Coinbase, and it was launched on the bitcointalk forum in October 2011. While this may ring true compared with traditional financial assets, cryptocurrencies do, in fact, possess enormous intrinsic value.
What is the Maximum Token Supply of Litecoin
The maximum token supply of Litecoin is limited to 84 million LTC. At the time of writing, there are 71,784,456 LTC in circulation.
There was a resurgence in the first half of 2019, but it didn’t yet have the momentum to break through $150 again. By the start of November 2020, Litecoin was trading at around $55, at which point the price began climbing again and reached $240 in 2021. One of the key differences between Bitcoin and Litecoin is the algorithm the latter uses to secure the its network via proof-of-work consensus. Unlike Bitcoin, which uses SHA-256, Litecoin uses the Scrypt algorithm.
The cryptocurrency is a fully-decentralized open-source payment network that operates independently of issuers, central authorities, or regulators. Litecoin is an alternative cryptocurrency that was created through a fork in the Bitcoin blockchain. With faster block times and vast supply, the altcoin is known as the silver counterpart to Bitcoin’s gold.
3 Cryptocurrencies That Are Down 33% to 71% and Ready to Pop – The Motley Fool
3 Cryptocurrencies That Are Down 33% to 71% and Ready to Pop.
Posted: Tue, 14 Feb 2023 08:00:00 GMT [source]
The good thing is that almost all cryptocurrency trading platforms support Litecoin. At the time of LTC this writing, on Nomics, there are more than 980 markets for Litecoin with 76 of them coming from exchanges with the highest Transparency BNB rating score of A+ or A. Litecoin transactions are executed in a very straightforward way, similar to Bitcoin and other cryptocurrencies.
They think that Litecoin’s price and market cap are going to decline in both the short- and the long run. 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. Get daily alerts on price changes of the top 10 cryptocurrencies. This is a statistical representation of the maximum market cap, assuming the maximum number of 84 Million LTC tokens are in circulation today.
Does Litecoin have a future?
Market experts expect that in November 2023, the Litecoin value will not drop below a minimum of $119.17. The maximum peak expected this month is $146.54. The estimated average trading value will be at the level of $124.02.
Market cap is measured by multiplying token price with the circulating supply of LTC tokens . This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. It has a fixed max supply, so it is not subject to inflation and debasement like fiat currencies. Litecoin’s first major surge at the end of 2013 came hot on the heels of Bitcoin’s 2013 bull run, which no doubt drove the Litecoin rally.
After the chat was leaked, Lee had to come out with aseries of tweetsto explain the situation and handle the storm. However, many investors had already changed their perspective of Litecoin and had left the project. This has resulted in a notable price drop, that turned out too hard to recover from. It is safe to say that the project hasn’t been the same since the information was revealed.
How much is a Litecoin Worth? What is it’s true value?: https://t.co/O8e62A8s6g via @YouTube
— mjactuary.eth ???????? (@bayman1991) May 4, 2017
Market cap is calculated by multiplying the asset’s circulating supply with its current price. The percent change in trading volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 1 hour ago.
- In order to get any cryptocurrency, you will need a crypto wallet that supports it.
- Like Bitcoin, the creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.
- Referred to as “silver to Bitcoin’s gold,” Litecoin is one of the oldest cryptocurrencies on the market.
- There was a resurgence in the first half of 2019, but it didn’t yet have the momentum to break through $150 again.
- At the time of this writing, 75% of all Litecoins are already mined.