Since the inception of Bitcoin, many currencies have been introduced in the crypto market, but only a few have been able to make an impact and gain the attention of peers & investors. One such currency is Litecoin which was created by Charlie Lee in 2011. The blockchain based currency aims to revolutionize the digital payment world through its open source decentralized algorithm and has succeeded in leaving behind a lot of competitors through its focused approach, growing network and dedicated team of developers. This peer-to-peer crypto provides instant, fee-less transactions from anywhere in the world at a faster speed. It is now trusted by many financial institutions and banks who are integrating blockchain in their systems to address the challenges effectively.
Current Statistics
Litecoin (LTC) ROI is currently at 1,528.59%. The circulating supply, as well as the total supply of the crypto, is 61,545,733 LTC while the maximum supply is 84,000,000 LTC. As on April 29, 2019 at 12:34:00 UTC, the market cap is recorded at 4,303,917,584 USD, the price is trading at 69.93 USD & 0.01319806 BTC and 24 h volume is 2,400,314,550 USD. According to the CoinMarketCap, the crypto is ranked at 6th position with a marginal difference from EOS and is anticipated to join the top 5 list soon.
Comparison
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In the last 7 days, the highest price peaked to 79.46 USD & lowest reached 69.08 USD. As on March 30, 2019 at 07:34:00 UTC, the market cap was 3,724,221,325 USD, the price was recorded at 60.95 USD & 0.01489334 BTC. The 24 h volume was 1,972,900,132 USD. The upward trend of over 14% is noted in the last 30 days with the highest price being 97.50 USD and the lowest being 60.21 USD.
Prediction
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Recently, Litecoin released its core 0.17.1 version with enhanced performance and updated algorithms. At the beginning of the year 2019, the team also inked some key partnerships including K-Pop partnership & Glory Kickboxing collaboration to increase its visibility in the market and gain more usability. This definitely yielded results as the price of the coin surged to over 90 USD recently. The bullish trend is expected to continue as the currency has drawn attention from crypto market enthusiasts who are interested in investing more & even ready to wait a little longer for the results. The price of the coin can be expected to rise to over 200 USD by the end of 2019. From a 2 year perspective, the price can reach as high as 300 USD given no more volatility or blow to the crypto world and further, it can reach over 500 USD down the line, as per LTC projections. Hence, this is the best time to invest in the currency in bulk.
