{"id":369085,"date":"2023-01-12T11:34:38","date_gmt":"2023-01-12T16:34:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=369085"},"modified":"2023-06-20T11:11:20","modified_gmt":"2023-06-20T11:11:20","slug":"litecoin-investors-have-seen-over-12-10-returns-on-their-investments-is-it-worth-it","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-investors-have-seen-over-12-10-returns-on-their-investments-is-it-worth-it","title":{"rendered":"Litecoin Investors Have Seen Over 12.10% Returns on Their Investments. Is It Worth It?"},"content":{"rendered":"

FXStreet analysts have maintained a bullish bias throughout the week regarding Litecoin’s price. The thesis identifies possible areas of resistance to stifle the LTC bulls as the price heads toward $100.<\/span><\/p>\n

Investors have continued to reap positive returns from the Litecoin [LTC] price. The coin is now entirely in control of that $70 zone after a 16% surge since January 1. LTC prices rose by 3.5% on January 9, allowing bulls and bears to negotiate over the psychological $80 mark.<\/span><\/p>\n

Yet investors wonder if it will bring greater returns. <\/span><\/p>\n

In the next few months, analysts and industry experts predict LTC will double in value, but gains larger than that seem unlikely. Here is more on our LTC price prediction.<\/span><\/p>\n

Litecoin (LTC) Market and Price Overview<\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Cryptocurrency<\/span><\/td>\nLitecoin<\/span><\/td>\n<\/tr>\n
Ticker Symbol<\/span><\/td>\nLTC<\/span><\/td>\n<\/tr>\n
Price<\/span><\/td>\n$75.2<\/span><\/td>\n<\/tr>\n
Price Change 24 hours<\/span><\/td>\n+7.1%<\/span><\/td>\n<\/tr>\n
Price Change 7days<\/span><\/td>\n+6.54%<\/span><\/td>\n<\/tr>\n
Market cap<\/span><\/td>\n$5,414,086,927.21<\/span><\/td>\n<\/tr>\n
Circulating Supply<\/span><\/td>\n71,963,980 LTC<\/span><\/td>\n<\/tr>\n
Trading Volume<\/span><\/td>\n$626,410,875.60<\/span><\/td>\n<\/tr>\n
All-time high<\/span><\/td>\n$412.96<\/span><\/td>\n<\/tr>\n
All-time low<\/span><\/td>\n$1.11<\/span><\/td>\n<\/tr>\n
Litecoin ROI<\/span><\/td>\n+1459.02%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Litecoin (LTC) currently ranks #11 of all cryptocurrencies based on its price of $83.33. <\/span><\/p>\n

\"Litecoin
Litecoin ranks#11<\/figcaption><\/figure>\n

There has been a 2.94% increase in the price of Litecoin over the past 24 hours. Since the beginning of the week, Litecoin has steadily increased by 12.10%. The return on investment, which has been positive this week, has Litecoin investors excited.<\/span><\/p>\n

\"Litecoin
Litecoin Price Prediction<\/figcaption><\/figure>\n

You probably want to know where the price of Litecoin (LTC) may go in the future if you’re looking for a Litecoin market forecast, analysis, or price prediction. To predict future price movements, we use various machine-based algorithms. By January 19, 2023, we expect Litecoin (LTC) to drop by $2.27, reaching $81.91 according to our Litecoin price prediction. <\/span><\/p>\n

We are currently seeing a Bullish sentiment based on our technical indicators, while the Fear & Greed Index is showing 30 (Fear). Over the last 30 days, Litecoin has recorded 16\/30 green days (53%), with 7.80% price volatility. Litecoin is currently a good investment based on our Litecoin forecast.<\/span><\/p>\n

Based on data from January 12, 2023, 25 technical analysis indicators show bullish signals, while 8 show bearish signals.<\/span><\/p>\n

Does Investing in Litecoin Make Sense?<\/span><\/h2>\n

In the last 30 days, Litecoin has had 16\/30 green days (53%). Based on our historical data, investing in Litecoin is currently profitable. While Litecoin’s price has decreased by -36.71% in the last year, the coin has performed well over the previous three years, with a performance of 67.25%.<\/span><\/p>\n

Support levels for Litecoin are $81.47, $78.70, and $77.25, while <\/span>Litecoin is likely the safest investment resistance levels are $85.68, $87.13, and $89.90. Price breaks from those levels could show higher volatility in the coming days.<\/p>\n

Multiple technical and quantitative indicators show a neutral outlook for Litecoin in 2023. It could show that Litecoin is a good investment in 2023. However, it would help if you based the decision to buy Litecoin on technical and fundamental factors (price history and on-chain activity and development).<\/span><\/p>\n

Litecoin is Likely the Safest Investment<\/span><\/h2>\n
\"Litecoin
Litecoin is likely the safest investment<\/figcaption><\/figure>\n

A 13% increase last week has seen Litecoin break the $75 resistance a few days ago and maintain it successfully. LTC might surpass the $100 target again by August, but much depends on Bitcoin<\/a>. Litecoin will be the first to follow suit if Bitcoin enters a bullish run. <\/span><\/p>\n

Although it shares many features with Bitcoin, Litecoin runs on a different mining algorithm from its predecessor. Experts believe LTC will bounce back in 2023, especially since it is one of the few tokens that has reached $400 and brought huge gains. <\/span><\/p>\n

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