#LTC/USDT UPADTE

17 ส.ค. 2022

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Litecoin (LTC) Price Prediction 2022

Detailed Report

Litecoin (LTC) Current Market Status

According to CoinGecko, the price of Litecoin (LTC) is $60.49 with a 24-hour trading volume of $340,642,505 at the time of writing. However, LTC has decreased to 4.9% in the last 24 hours.

What is Litecoin (LTC)?

Litecoin (LTC) is one of the pioneer cryptocurrencies that debuted in the crypto space after Bitcoin. LTC was launched in 2011 as Bitcoin-inspired crypto. Litecoin’s creator Charlie Lee calls it a “coin that is silver to Bitcoin’s gold”. Just like Bitcoin, the Litecoin blockchain also operates on the proof-of-work (PoW) consensus

Bitcoin and Litecoin have key differences in their supply cap, hashing algorithm, and transaction speed. LTC has a fixed supply cap of 84 million which is greater than Bitcoin’s 21 million supply cap. Unlike Bitcoin’s SHA-26 hashing algorithm, Litecoin uses the Scrypt algorithm. It takes around 2.5 minutes for a block to be generated on the Litecoin blockchain whereas it would take 10 minutes on Bitcoin.

Litecoin (LTC) Price Prediction 2022

Litecoin (LTC) holds the 22nd position on CoinGecko right now. LTC price prediction 2022 is explained below with a weekly time frame.

The above chart of Litecoin (LTC) laid out the ascending triangle pattern. The ascending triangle pattern is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. The trendlines of a triangle need to run along at least two swing highs and two swing lows. The ascending triangle pattern is a continuation pattern.

Currently, Litecoin (LTC) is at $58.96. If the pattern continues, the price of LTC might reach the resistance level of $101.00. If the trend reverses, then the price of LTC may fall to $51.00

Litecoin (LTC) Support and Resistance Levels

The chart below shows the support and resistance levels of Litecoin (LTC).

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