Litecoin has started the year with sluggish momentum but then onwards, it marked a slow and steady upward trend. This should bring in cheers and hope for the user community in the new year. The past seven-day price chart shows the price was mostly trading in the upward range and fluctuating in the range of $43.99 – $56.78.
LTC had a low start to the year but managed to record uptrend with in-between correction, as seen from the seven-day price movement. The price was at a low of $43.9933 on January 09. It then had a good upward rally on January 11, and the price reached $51.48 by a huge hike of 17.11%. There was a slight fall of 4.92% marked in the Litecoin price in the next 7 hours when the price reached $49.099. After that, the currency picked up the pace and reached a high of $51.32 on January 13 showing a rise of 4.30%. After this hike, the price of LTC went down to the extent of 3.29% and reached $49.5991 on the same day. However, on the next day, the coin gained pace and moved upwards at $56.77 with a huge hike of 14.48%.
Litecoin Price Prediction
Litecoin had put a good show since the beginning of this year, and it managed to get even with the bears and exhibits an upward rally at regular intervals. As per Trade99’s analysts, LTC may continue this upward trend and it may trade up to 90-day high $64 in the upcoming weeks.
Current investors can see the price rise as a good sign and continue to hold on to their investments as LTC price is expected to reap rich benefits in the long-term. Short term and day traders can watch the crypto market movements and trade accordingly.