Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distanced and more recent history. Right now, Bitcoin needs to find a local bottom before we can move in the opposite direction and reverse the trend. This is reflected in our 2022 predictions. Our algo still sees a some green in 2022, especially in the second part of the year. Crypto is still perceived as a very risky play and hence the sell off. Investors are selling risky assets and moving into more stable markets. Bitcoin has slumped 50% from its all time high amid the broader market drops impacted by raging inflation and US Fed rate increases. The whole crypto world is on a verge of a full-fledged bear market. Cryptocurrency market is yet in a search for a better metric than market cap to express the value of a coin project as market capitalization shows serious flaws and is unreliable tool for assessing a crypto project. Price of Litecoin has suffered heavily in 2018 and for the most part of 2019. Litecoin has a different way of transaction and mining as the crypto king, but its price and growth still depend on its bigger brother. You can read his blog here. Litecoin was designed to complement Bitcoin by solving issues like transaction timings and concentrated mining pools.
#Lite coin forecast full#
Litecoin was created back on 7th Oct 2011 by Charlie Lee, an ex-Google employee, who quit working in order to focus on Litecoin full time. Essential tools you need to succeed in crypto.LTC Price Prediction For The Next 90 Days.
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