Litecoin (LTC) Price Prediction Shows the Coin Could Rise. Is Thug Life a Good Investment?

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Litecoin (LTC) is a cryptocurrency built from Bitcoin’s fork and launched in 2011. Charlie Lee created the asset to be a rival to Bitcoin.

The project was designed to run a mining algorithm of Scrypt proof-of-work consensus. It is a cost-effective and secure means of digital payment.

Litecoin protocols confirm transactions faster than Bitcoin. It takes an average of 2.5 minutes to confirm a transaction, whereas Bitcoin takes about 10 minutes to confirm a transaction.

It has a halving duration of 4-year intervals and a maximum supply of 84 million LTC units.

Litecoin’s (LTC) Market Performance

The coin’s market value today, July 19, 2023, shows an increase of 1% at 8:46 EST. But the coin’s trading volume is down by 12% at $708 million in the past 24 hours.

On CoinGecko, the asset is ranking No. 13, and in the past 7 days, LTC’s price has declined 4% with a price of $103.51. But it has gained 20% in the past month and has also appreciated about 62% over the past year.

The coin’s price of $92.74 at 8:46 EST indicates that it is down by 77% from its all-time high of $410.26.

Technical Overview Shows Possible Rally in the LTC’s Market

The technical chart above shows that the bulls may force the asset’s price to rally today, recovering losses witnessed in the past 5 days. LTC is trading slightly above the 50-Day and 200-Day Simple Moving Average (SMA). This indicates that the coin is in a bullish trend.

Again, the Moving Average Convergence Divergence (MACD) trades below the signal line with a faded red histogram bar. This shows that the coin is bearish but has lost the selling pressure following the actions of the bulls to make the LTC rally, as seen in the chart.

The Relative Strength Index (RSI) indicator is at 47.89 in the neutral zone, slightly moving upwards to the overbought zone (70). This consolidates the signal from the MACD indicator that the bears have lost their grip on the market, and the bull is likely to take over.

Support and Resistance Levels for LTC

Based on the market condition of the asset in the chart above, LTC’s market may be controlled by the bulls from today. If the bulls take control of the coin’s market, the asset may gain in market value and could hit the $98.05 resistance.

If the bulls continue with the buying pressure, more investors may be attracted to invest in the asset. This might make LTC attain the $101.99 resistance in the future.

Nevertheless, if the bears snatch the coin’s market as the bulls are just building buying momentum. The bears will likely drag LTC’s price to the $89.43 support.

If the bulls remain neutral, the bears may increase selling pressure making the asset’s value cross the above support. This could arouse negative sentiment in the coin’s market, which might make the price drop further and may reach the $86.59 support.

Note the crypto asset market is highly volatile. There is a likelihood that the future behavior of the market might deviate from the analysis done above. That’s why it is necessary to have risk management techniques in place and to carry out an in-depth analysis before investment.

Technical Experts Predict LTC’s Future Market Price

A team of analysts at Techopedia predicted that by 2023, the asset’s price might have the lowest, average, and highest prices around $55, $122.15, and $165, respectively.

By 2023, the team also shared that the coin may have market values around $791, $827, and $863 for the minimum, average, and maximum prices, respectively.

Also, crypto experts at CryptoNewsZ said that by 2023, LTC’s price could be around $77.92 for the lowest price and $189.29 for the highest price.

By 2024, the group also predicted the coin’s market price to have a minimum price of $166.21 and a maximum price of $239.27.

Meanwhile, the Coincodex team of technical analysts stated that by 2026, the asset might have its lowest and highest prices, around $66.32 and $177.46, respectively.

By 2028, the team also shared that LTC’s market value might have a minimum price of $31.94 and a maximum price of $93.63. By 2030, they also predicted that the coin might have the highest and lowest prices, around $255.76 and $42.41, respectively.

Some Factors That May Affect the Market Behavior of Litecoin (LTC)

On July 18, 2023, Litecoin announced via its Twitter page the release of Litecoin MimbleWimble (MWEB) update V24 from David Burkett.

The MWEB is the Litecoin network privacy upgrade tension block. This protects the privacy of blockchain users as it hides their locations and the number of assets transferred after transactions.

Some of the tasks done in the updated MWEB are pre-MWEB Litecoin integration into the v24 codebase of Bitcoin and the merge of the former released MWEB code.

Furthermore, data from TradingView shows that Litecoin has broken a historical record in Litecoin the next Litecoin halving is making waves.

The record has it that the Litecoin network has processed more than a million transactions within 7 days and had completed 170 million transactions as of July 15, 2023.

Again, a piece of information from TradingView shows that Whales have acquired more than 590 thousand units of LTC, equivalent to $59 million, in the past 48 hours.

This could be because of the next halving event that will occur soon within the Litecoin network. These factors may influence the market behavior of the asset when investors start reacting to them.

Thug Life ($THUG) Parading as the Next Low Cap Asset to Explode

Thug Life ($THUG) is built to provide a profit-maximizing opportunity for the crypto market and compensate investors who have lost their funds in scam crypto projects.

It is a movement that embraces the thug lifestyle and hip-hop culture with a dogged street community called the Brotherhood. Unlike the other scam projects, it projects itself as the social meme coin that all crypto enthusiasts should rely on.

To achieve its goals, the project creator created a utility token, $THUG, reflecting internet comedy, memes, trolling, and the unlimited passion for internet hustle.

The team at Thug Life presents its project as a disruptive tool to the norms and existing systems in the crypto market. It claims to be the gangsta in the crypto space that does things weirdly from the known standards of having things done.

The creators are optimistic about the token succeeding without utility. They claim that the Thug Life family is relentless and robust enough to take the token to any success.

Furthermore, the creators noted that at all odds, working together as a team combined effort with resilient and die-hard spirit, the token could break the norm and ride to top heights.

Thug Life has ended its presale. It garnered attention from investors and raised over $1.8 million during the single-stage presale.

How is $THUG Performing?

On DexTools, $THUG is currently trading against ETH (Ether).

The token has a maximum supply of 4.2 million, a market cap of $1.7 million, and a trading price of $0.0004565 at 13:37 EST today. In the past 24 hours, the token’s price is down 50%, with a trading volume decreased about 53% at $1 million.

DexTools shows that the token started trading on July 17, 2023; between July 17 and 19, it recorded its highest and lowest prices at $0.002160 and $0.0003780, respectively.

The asset has secured $334 thousand in liquidity and has a fully diluted valuation (FDV) at $1.7 million. Again, the token recorded a market value dropped 16% and also a drop of 15% in its trading volume at $120 thousand in the last 6 hours.

How to Buy $Thug Life

Visit the Thug Life official website and ensure you have a dApp crypto wallet.
On the website, you can buy from 2 methods
You will see, view on Dextools, and Buy on Uniswap

To buy with DexTools

Ensure you have ETH for swapping with $THUG
Click on the button when you are on the DexTools website
Locate DEXTSWAP and click on it to continue
Click on the button “connect wallet” to connect your crypto wallet
Grant DexTools permission to verify your crypto wallet
After the verification, put the quantity of ETH you want to spend
Search for $THUG, but if you cannot find it, you can use the other option (maybe the team is yet to allocate the tokens to DexTools)

To buy on Uniswap