Litecoin Price Prediction: Today’s LTC Price, 1st-Dec-2022

Users can conduct transactions swiftly, securely, and economically with the use of the digital currency Litecoin (LTC).

The cryptocurrency was developed from Bitcoin, while having a number of key differences, including its hashing algorithm, maximum supply, average transaction time per block, and a few other features (BTC).

The foundation for this cryptocurrency was Bitcoin. Throughout the entire process, bitcoin was used to create the digital money (BTC).

Litecoin is the name of the digital currency that is suitable for point-of-sale (POS) systems and micropayments.

This is because to its comparatively quick block times and reasonable transaction fees. This is accurate given that among all digital currencies, Litecoin has the greatest user base.

On October 11, 2011, Litecoin was first made accessible to the general public through an open-source client that was stored on GitHub.

Litecoin had never before been available to the general public. Five days after the cryptocurrency’s initial launch, on October 15, 2011, the Litecoin Network opened its doors to the general public for the first time.

Since then, there are more methods than ever for businesses to profit from it, in addition to the fact that its market value has increased.

LTC Price Today

DATE	LTC	USD
Today	01	$77.20

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LTC Price Prediction

The price of Litecoin began to rise steadily above the $65 resistance level against the US Dollar. LTC is currently rising and could continue to climb toward the $100 mark.

In relation to the US Dollar, Litecoin started to rise sharply over the $55 and $65 levels.

The price has risen above $65 and the 100 simple moving average at this time (4-hours).

On the LTC/USD pair’s 4-hours chart, a significant negative trend line is forming, with resistance located close to $77.50. (data feed from Kraken).

To advance into the $100 resistance area, the price must surpass the $77.50 and $84 support levels.

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The price of litecoin has recently increased significantly above the $50 mark in relation to the US dollar. The price of LTC increased by over 20% and outperformed ethereum and bitcoin.

The resistance levels of $65 and $75 were moved above. Even more than $80 was spent, and the price ended up above the 100 simple moving average. Before a downward correction, it reached a high of $83.35 in trading. The support levels of $80 and $75 were breached.

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