Many people think that even at 370 levels, Litecoin was actually undervalued. However, currently, it is trading around 140 levels. This clearly indicates that Litecoin is at much lower levels currently. This is one of the main reasons why people are trying to figure out whether Litecoin can increase significantly in the future. Also, if indeed, it breaks the resistance of $ 150, it can rise exponentially as well. The older highs were around $ 375. As a result, the leeway which it has in terms of rising is significant. This is one of the main reasons why it can easily increase significantly.
Litecoin (LTC) News Today
Also, when you look at the historical price movement of Litecoin, you will realize that it is at the 50 days simple moving average on May 11. However, after that, it has bounced back pretty quickly as well. This is the reason why many experts believe that it will not break these levels.
Also, after the listing on Gemini, it has received are quite a bit of response as well. You need to keep in mind that this momentum is here to stay. As a result, it will certainly increase more in the future as well.
Also, there might be a dip in between after the listing on the cryptocurrency exchange but owing to the fact that it is significantly down from the recent highs, there is always chance that it can increase significantly.
Moreover, some of the other lesser-known cryptocurrencies have overtaken it in terms of the market cap. This is another reason why it might rise in the future.
Litecoin has been trying to develop the network consistently as well. While some of the developments are not that successful but one thing which is for sure is that Litecoin is actually increasing in adoption. More and more merchants are actually working on accepting Litecoin. As a result, the liquidity of the cryptocurrency is also increasing. This clearly indicates that Litecoin can increase significantly in the future.
Litecoin Price Prediction:
Also, since it has fallen by such a significant amount, the risk is on the lower side. If you’re investing in Litecoin at these levels for the longer term, you will be able to easily fetch quite good returns as well. You have to keep this factor in mind and thereafter only you have to think about investing in Litecoin. Once you are able to invest in Litecoin at the current levels, you can easily hold it for a longer period of time without any issues. Tags: litecoin value, buy litecoin, litecoin price history, litecoin wallet, litecoin stock, litecoin to usd,litecoin reddit, litecoin mining