Cryptocurrencies are invested heavily all over the world. Litecoin was at $184.92 (Rs 9,306.75) in early 2021. After this, the price of this digital currency increased significantly. However, for a few days, its price has come down. On Saturday also, the price of Litecoin (LTC) was registered and its price decreased by 2.05 percent. In this way, the price of Litecoin has come down by Rs 107.92. With this fall, its price fell to Rs 5,162.80. At this price, the market capitalization of this digital currency has also come down to Rs 339.5 billion.
Litecoin is expected to rise sharply
Let us tell you that even though the price of this digital currency is still declining, according to Coin Price Forecast, it can reach $ 419 in the first half of 2022. At the same time, by the end of 2022, it can reach Rs 40,275, which is much higher than the current price. At the same time, according to Trading Beasts, it will be $ 289 (Rs 21,675) at the end of 2024. It can go up to $361 i.e. Rs 27,075 and its minimum price can be $246.
What is Litecoin (LTC)?
There are many cryptocurrencies in the world. They have many characteristics and unique identities. In late 2010, ex-Googler Charlie Lee thought differently. Charlie Lee knew about bitcoin, often referred to as digital gold, but wanted something special for investors. Litecoin (Lite + Coin) derives its distinctive name from Bitcoin itself. In a way, it is an improvised version of bitcoin itself. The protocol has done well to give it longevity and greater reliability for the overall stability of the cryptocurrency.
Top cryptocurrencies in the world
Litecoin's major focus is to strengthen the global payments infrastructure especially by unlocking the power of blockchain to meet the growing consumer demands as per the state of the cryptocurrency market. Litecoin has been successful in accelerating speed, cost and reliability. As a result, Litecoin was released by an open-source client on GitHub on the auspicious day of October 7, 2011, after which the network went live on October 13. It is one of the top cryptocurrencies in the world. Litecoin is represented with the symbol LTC as the most prized digital asset in the crypto market today.
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