Litecoin (LTC) is one of the oldest and most stable cryptocurrencies, emerging as an innovative solution that provides a faster alternative to Bitcoin. Litecoin has become a popular choice for payments and financial transfers due to its low fees and fast transaction execution.
Investors consider LTC as 'digital silver' due to its long-term value retention. In this article, we highlight the fundamental factors affecting the currency's performance, as well as provide a technical analysis of its price movements, forecasts for its future prices, and growth potential in the long term.
The current price status of Litecoin (LTC) in the market:
The currency reached its highest level at $401.47 on 2021-05-09, while its all-time low was $22.35 on 2018-12-07. The maximum total supply of Litecoin is 84 million units, which enhances its scarcity and supports its long-term value.