Litecoin’s LTC value has witnessed an 18.15% increase in the last 24 hours, currently standing at $99.09. In the previous week, Litecoin LTC token value moved from $89.13 to an increase of 18%.
Based on technical analysis charts, the volatility and price movements for LTC over the last 24 hours projected wider Bollinger Bands, indicating larger volatility. The trading volume increased by more than 228.68% in the previous 24 hours to currently stand at $1,690,932,082 while the overall LTC circulating supply has increased to more than 74.30 million, making up a maximum supply of 88.45% approximately or 84 million.
Litecoin currently ranks 19 in terms of market capitalization of $7,415,991,467. According to our LTC price prediction, investors can consider chipping their money into LTC investments, as prices are expected to reach a maximum of $95.53 by the end of 2024.
As per our technical analysis and forecast, Litecoin is estimated to reach an average price of around $892.27, with minimum and maximum prices ranging between $731.50 and $1,053.05, respectively. These numbers show Litecoin’s immense potential to bring greater value to the crypto market.
Although LTC investors did not witness much adoption and acceptability during the initial years, Litecoin has built the much-needed trust and confidence among investors and worked towards its growth.
Litecoin has undoubtedly emerged as a premier cryptocurrency to invest in 2024 and beyond. Many cryptocurrency experts believe Litecoin has the power to survive market crashes as it did in the past. However, they must carefully research and consider factors that can potentially affect LTC prices in the future, such as FOMO (fear of missing out), economic news surrounding Litecoin and other cryptocurrencies, regulatory landscape, and global adoption by businesses and merchants.