- Both Bitcoin and Litecoin have a bullish medium-term outlook.
- By the end of this year, Bitcoin may get to 15,000 USD, and Litecoin may get to 200 USD.
Litecoin (LTC) is one of the most sought after altcoins in the current phase of growth in the whole sector. It has been giving stable and promising returns to both short-term and long-term investors. After the recent hike of Bitcoin, which pushed the coin to 11,000 USD mark, Litecoin also has gained few points. Though, exactly not same, we can see some degree of similarity in the price movement of both the coins. Let us look at the current details of the coins.
Bitcoin – Litecoin Price Statistics-
|24th June 08:37 UTC||Bitcoin (BTC)||Litecoin|
|ROI (Return on Investment)||8,249.28%||3,062.11%|
|Coin Circulation||17,779,400 BTC||62,381,976 LTC|
|Market Cap||200,738,029,391 USD||8,480,242,238 USD|
|Value in USD||11,291.5 USD||135.86 USD|
|All-Time High||20,089 USD||375.29 USD|
|24h Volume||21,160,689,065 USD||4,084,514,800 USD|
Bitcoin – Litecoin Price Comparison-
There has been loads of discussion on the sustainability of Bitcoin’s quick growth in the market that has happened in the last few days. Experts have compared Bitcoin with stable investment products like Gold and Bonds. Here is a tweet by the founder of Heisenberg Capital, where he tried to draw reference between the stability of Bitcoin’s hike with many other investment products.
However, if we compare the growth pattern of Bitcoin and Litecoin, we may see similarities.
The initial period of both the coins was non- performing. Litecoin faced its lowest point on 20th January at 30.11 USD whereas Bitcoin has its lowest point on 07th February at 3410.10 USD. The April boom pushed Litecoin to gain 52.08% over 5 days, followed by a fall of 25.69% in the next 23 days. Bitcoin got a hike of 32.83% at the onset of April boom.
Between 29th April and 15th May, Litecoin gained 52.16%. It ultimately helped the coin to go beyond 100 USD. Bitcoin in almost the same period got 57.84% hike, and this hike helped BTC to go beyond 8000 USD. The final hike for Litecoin was between 4th June and 22nd June of 38.32%. And Bitcoin has got valued 47.65% more on 25th June than its value on 09th June.
Bitcoin – Litecoin Price Prediction-
Both the coins have bullish medium-term outlook. By the end of this year, Bitcoin is likely to be around 15,000 USD whereas Litecoin may get to as high as 200 USD by this time.
Both the coins are now considered as stable and promising coins. The investors with high risk-taking capability are advised to invest more in Bitcoin than Litecoin.