LTC Price Prediction

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.

Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin. How will this affect LTC price?


Litecoin has one of the most active community in the crypto ecosystem with hundreds of thousands of followers across various social media platforms.

Open Source Software

Litecoin is an open source software project released under the MIT/X11 license. This gives you the power to run, modify, copy and distribute the software. You can also distribute modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.


The Litecoin blockchain is capable of handling higher transaction volume than its counterpart – Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

Wallet Encryption

Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.

Mining Rewards

Miners are currently awarded with 12.5 new litecoins per block. This amount gets halved roughly every 4 years (every 840,000 blocks).
The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.
Let us review LTC Price.

LTC/USD – Price Prediction



LTC is currently trading close to the resistance zone at $244. If LTC can claim this resistance zone, we could start seeing a move towards $263, $290, $369, $496 and $623. If $244 gets rejected, we could see a pull back towards $211, $190 and $162. These could be good areas to long in case the resistance gets rejected. So you can place your long orders either above $244 once resistance is flipped to support or at the lower support areas of $211 to $162.

LTC is currently trading at $229 with a market cap of $15,320,316,448. Its 24 hour trading volume was $6,107,288,687.

Join us on Telegram to receive free trading signals.

For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.

Images courtesy of TradingView.



The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.