Blog / Price Predictions / Litecoin Price Prediction

Litecoin Price Prediction

Jan 11, 2023
3 min read

This blog post will cover:

  • LTC statistics
  • LTC Price Prediction
  • Crypto community about Litecoin

Litecoin is one of the decentralized cryptocurrencies. It appeared in 2011 as an attempt to make transactions faster. Since LTC is a very popular crypto, a lot of people are keeping an eye on how the Litecoin price is changing.

LTC statistics

Here is the LTC crypto statistics from the CoinMarketCap service:

Price prediction at 12.10.2023:
LTC price: $76.27356670947307
Market capitalization: $5641458166.363667
Volume (24h): $646889407.6589767
Circulating supply: 73963476.5980205 LTC
Total supply: 84000000 LTC
Max supply: 84000000 LTC

LTC Price Prediction

It is a well-known fact that the cryptocurrency price is hard to predict. However, we would like to share some analytics with you to help foresee some possible moves.

Price prediction at 12.10.2023:
Minimum LTC price for 2023: $0.00003000000000000001
Maximum LTC price for 2023: $4560.523
Average LTC price for 2023: $1862.3696586021506

Year-end LTC price predictions 2023:
Minimum expected: $3.0361295483870965
Maximum expected: $122.28493548387094
Average expected: $61.024903225806455

Crypto community about Litecoin

Also we would like to share Charlie Lee’s opinions on LTC price development.

The founder of Litecoin, Charlie Lee, seems to be very relaxed about the future of LTC. In Off The Chain Podcast with Anthony Pompliano, he says: “People always ask me if I think the price will go up or go down. If anyone tells you they know, they’re lying, right. No one knows if the price will go up or down. So the bear market … I’ve seen a few bull and bear markets … I’ve seen it where you think the bear market is over and it drops even further. And also sometimes it recovers and it actually doesn’t come back down. Who knows. I think it’s good we’ve seen some recovery, but don’t go, like, all in. I tell people never to go all in.”

We can see that unlike some other cryptocurrencies the price of Litecoin depends on fewer factors. The reason is Litecoin does not provide any additional services, it is not a platform, it is only a means of payment. On the other hand, we see a strong correlation between the LTC price and the BTC price. Thus, if BTC is expected to grow, we also can expect an increase in the LTC price.

Thank you for your attention to this topic. SimpleSwap would like to remind you that this article has informational purposes only and does not provide advice on investment. You are the only one responsible for making investment decisions.

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