LTC Over $70 By August End? – Lopoid Crypto News

LTC Over $70 By August End? – Lopoid Crypto News #LTC #August #Lopoid Crypto News Welcome to Lopoid

Read our in-depth evaluation on Litecoin Price Analysis and Prediction

The worth of Litecoin has been surging within the final 24 hours. Even on the final 7 days chart, there was an enormous surge within the worth of Litecoin which took the worth of LTC to over $64. However, after buying and selling near $65, the worth of LTC retreated and it went beneath $60. The buying and selling quantity of Litecoin crashed and the general advice for LTC was Sell.

The final 24 hours have been fruitful for Litecoin. There has been a surge within the worth of Litecoin and at the moment, it’s as soon as once more buying and selling near $60. Here are the few issues which were working in favor of Litecoin and have contributed to the rise within the worth of Litecoin:

The social media sentiment for Litecoin within the final 24 hours has been optimistic. The social media buzz is greater.
The Google search quantity for Litecoin is greater indicating extra persons are keen on Litecoin.
The general market cap of Litecoin has surged within the final 24 hours.
The technical indicator for Litecoin is favorable and it has now modified to BUY from SELL.
However, one concern for Litecoin can be the declining buying and selling quantity. If the commerce quantity stays decrease, the worth of LTC might crash once more.

Litecoin Price Analysis and Prediction: Market Cap

Value
Market Cap
$ 4.18 B
Trading Volume
$ 458 M

Litecoin Price Analysis and Prediction: Some Calculations

Current Price of Litecoin (August 4th)
$59.04
Market Cap of Litecoin (August 4th)
$4.18 B
If Litecoin Rises 5% Monthly, then the Price of LTC at finish of 2022?
$75.35
If Litecoin Rises 10% Monthly, then the Price of LTC at finish of 2022?
$95.08

Litecoin has a really optimistic outlook for the remaining a part of 2022 offered the market stays optimistic. Even if Litecoin rises 5% a month, it is going to be over $75 by the top of 2022 and it LTC manages to rise round 10% a month, the worth of LTC may very well be round $100.

Litecoin Price Analysis and Prediction: Some Predictions

Litecoin Price Prediction 2022

Max Prediction
Average Litecoin Price Prediction 2022
$77.02

Litecoin Price Prediction 2025

Max Prediction
Average Litecoin Price Prediction 2025
$70.14

Litecoin Price Analysis and Prediction: Latest Twitter Discussion

Litecoin A Video Analysis

YouTube video

What is Litecoin?

Litecoin is a P2P (Peer-to-Peer) cryptocurrency that can be utilized for funds to anybody from wherever on this planet. Litecoin is claimed to be the lite model of Bitcoin and was designed to make quick transactions in distinction to BTC’s aim, which was to make safe transactions. LTC is at the moment accepted by greater than 2000 retailers. The main profit or function of utilizing LTC is effectiveness and effectivity, when it comes to price and time.

image 47Litecoin YTD Chart

Pumps and Dumps in LTC within the final 2 months

Dump: May 23 to May 27 – Price falls from $73.29 to $61.55
Dump: June 8 to June 14 – Price falls from $65.04 to $40.94
Pump: June 19 to June 20 – Price rises from $42.14 to $55.15
Dump: June 26 to July 5 – Price falls from $60 to $48.37
Pump: July 13 to July 20 – Price rises from $47 to $58

Reasons for the Pumps and Dumps

The growth and improve of the Litecoin platform with the implementation of the MWEB system which is meant to make Litecoin transactions safer might have pumped the worth of LTC
When the information of LTC shedding greater than $1 Billion in market cap began making the rounds, the buyers began to panic and rushed to promote their tokens (Near June 14)
The rise close to June 20 was as a result of general rise within the cryptocurrency market when BTC rose 6% and ETH rose 11% and so on.

Read: Apecoin Price Analysis and Prediction

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