Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: AlviNess on June 03, 2021, 05:03:48 PM
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Before we delve into Litecoin price predictions for 2021, let’s begin with a look back at each Litecoin forecast we delivered to you in December 2019, June 2020 and December 2020.
In December, Cryptoground’s Litecoin projections suggested that LTC would finish off 2020 with highs of $136.52 – rising to $398.72 by the end of 2025. CryptoInfobase was even more optimistic. It set Litecoin’s future price at $320 for New Year’s Eve in 2020 – and anticipated a dazzling $950 five years later. The most conservative indication of how high will Litecoin go came from DigitalCoinPrice – in its view, LTC could expect to reach $103.44 by the end of this year.
And in June 2020, the main point of concern with LTC price predictions centred on how the world’s fifth-biggest cryptocurrency was struggling to break through the $50 barrier in any meaningful way – and remained a long distance off the highs of $142 seen in June 2019.
Things started to change in late October. In keeping with other cryptocurrencies, Litecoin suddenly embarked on a massive surge – managing to smash through $50. This had long served as a psychological barrier for traders. The bull run was far from over. During November, LTC rose from $55 to $88 – resulting in gains of 60%. LTC reached a 52-week high of $123.76. For several consecutive days after Bitcoin’s journey beyond $20,000 began, Litecoin was even outperforming the world’s biggest cryptocurrency in percentage terms – consistently delivering double-digit gains along with the likes of XRP.
The first few months of 2021 were even more encouraging for LTC. It started to rally, hitting $236 on 19 February, but then it slipped back down to $165 on 28 February.
There was still time and space for Litecoin to grow, though. On 30 March, Litecoin started to be accepted on PayPal. This was the real coming out party for the cryptocurrency. Its value started to rise. It was at $195.73 on 30 March but on 16 April it was $311.95 - an increase of nearly 63% in just under three weeks.
There was a slump shortly after this, with Litecoin dipping to $233.75 on 25 April, but things started to get better again. It broke the $400 barrier on May 10 and, while it dipped slightly to be around $385 on 12 May, it seemed to be fairly stable. That was until the great crypto day crash of 19 May 2021, when its value plummeted by more than 40% to $156.96 in the space of a couple of hours.
But enough about the past – will Litecoin go up any further? Here, we’re going have a look ahead to the rest of 2021 and maybe formulate a Litecoin future prediction.
More information: https://currency.com/amp/litecoin-price-prediction-2021 (https://currency.com/amp/litecoin-price-prediction-2021)
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Litecoin current price is 69.36 dollars. It used to be more in the past but now its price has come down a lot due to the low prices of all the unique coins. Investors are given the opportunity to purchase LTC coins, while investing in LTC coins can definitely bring huge benefits.
Litecoin high price 70.08 dollar.
Litecoin low price 66.21 dollars.
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In a big bullrun context, I have no trouble imagining LTC at ~200-230 dollars.
I'd be happy because I still have some LTC that I mined.
I'm not particularly bullish on LTC, but I think it has already proved its capacities in the past when the market is generally in a favourable position.
(the topic is old btw)
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In a big bullrun context, I have no trouble imagining LTC at ~200-230 dollars.
I'd be happy because I still have some LTC that I mined.
I'm not particularly bullish on LTC, but I think it has already proved its capacities in the past when the market is generally in a favourable position.
(the topic is old btw)
Please, do you still mine LTC? How can I mine it too? I also want to buy th le coin but I feel a little Bitcoin disappointed because the coin is old and yet the price is poor. I don't know if I can make profit when I invest in the coin. If mining is easy, can you guide me? Thank you.
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Please, do you still mine LTC? How can I mine it too? I also want to buy th le coin but I feel a little Bitcoin disappointed because the coin is old and yet the price is poor. I don't know if I can make profit when I invest in the coin. If mining is easy, can you guide me? Thank you.
It is not difficult from a technical point of view. You need to have some ASICs hashing the Scypt algorithm.
For example, the most famous one is the Antminer L7. Old cheap ones are Antminer L3++, but not they are not as efficient as L7s.
The difficult part is to have very cheap electricity (to be profitable), to have somewhere to place your ASICs (they produce a lot of noise, >75 dB) and to manage the cooling system of your installation if you have many units.
It is doable without too much noise/electricity consuption, but you will earn only some dust.
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In a big bullrun context, I have no trouble imagining LTC at ~200-230 dollars.
I'd be happy because I still have some LTC that I mined.
I'm not particularly bullish on LTC, but I think it has already proved its capacities in the past when the market is generally in a favourable position.
(the topic is old btw)
I am also not too optimistic about LTC anymore because the value is not experiencing movement, relying on old stock without any additional new stock, I think it's a matter of luck if LTC goes up, that's the only profit I can get without any regrets at all if LTC reaches ATH new this year