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Does Litecoin have a Future?

 Will Litecoin price go up?



Litecoin is a peer-to-peer cryptocurrency just like Bitcoin. It is an open-source software project under the license MIT/X11. Litecoin is technically identical to Bitcoin.

It was an early spinoff or altcoin of Bitcoin that started in October of 2011. It was created by Charlie Lee from an open-source client on Github.

Litecoin price when it started

The price of Litecoin when it started in 2011 was $3. It experienced its first bull run in November of 2013 when it first reached the $50 mark. But due to the scandal of the Mt. Gox exchange resulted in a price drop of Litecoin to $1 in January of 2015. 

The price of Litecoin stabilized around $3 after a rise in the spring of 2015. Its second bull run started in March of 2017 to see the prices soar from $3 to $80 in September of 2017.

Taking advantage of the cryptocurrency bubble it reached the $371 mark on December 19 of 2017. It showed a 500% increase in 2 months. It crashed to $25 in December of 2018.

The price of Litecoin climbed to $145 in June of 2019 to again fall back to $ 50 in the latter half of 2019.

It is again expected to reach and cross the $371 mark later in 2021 or the beginning of 2022.

Where is Litecoin's price headed?

Support from the market will decide the future of Litecoin in the coming days. Litecoin market is highly volatile. If it keeps hanging around the $160 mark its price chart may show a lot of green candles. 

It can reach $180 or even $200 moving towards the higher territory. If its price goes anywhere below $160 we can see a major sell-off from the investors.

How much will Litecoin be worth?

Prices of Litecoin are expected to go up beginning in the first quarter of 2023 that may see its peak in March that year. The price chart of Litecoin may see a lot of red candles after the peak is achieved.

As the cryptocurrency market is very volatile, making accurate price predictions is very difficult.

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