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Litecoin price explosion? - Can the cryptocurrency soon increase by 30 times?



When it comes to the most important and exciting cryptocurrencies, Litecoin has become very quiet lately. This is mainly due to the fact that the cryptocurrency has not experienced particularly strong price jumps in the past few weeks and has lagged behind expectations. But in the future, Litecoin could still increase extremely compared to today.

Litecoin course currently unimpressive 

Litecoin has been one of the most important and well-known cryptocurrencies on the market for years. But at the end of 202, Litecoin was generating little enthusiasm. The LTC price reached its all-time high of over $ 386 in May. This all-time high was hardly higher than the price peak in the bull market in early 2018.

Since the big correction in spring, Litecoin, unlike Bitcoin, Ethereum, and other Altcoins, has not been able to match this all-time high. While these cryptocurrencies made new all-time highs in early November, the LTC rate only went to a maximum of $ 278 in November.

Litecoin is extremely undervalued at the moment

After Bitcoin, Litecoin is currently the second oldest large cryptocurrency that is currently still available for trading on the market. The LTC has stood the test of time and has been an established asset on the market for years. At the moment, however, the cryptocurrency is only in 16th place among coins by market capitalization.

At the moment, Litecoin is at an all-time low compared to Bitcoin. This means that the coin is extremely undervalued in 2021. While many new cryptocurrencies have risen sharply in comparison to Bitcoin in the last few weeks, the LTC price has fallen continuously in value compared to Bitcoin.

What could the price look like in the future?

In the past, we have seen insane parabolic rises just towards the end of the bull market. These concerned the Bitcoin, but with higher percentage increases also the Altcoins. For Litecoin, such a surge could be just around the corner when the market's 4-year cycle comes to an end.

Since Litecoin is currently so undervalued, extreme price increases can ideally be achieved. Particularly optimistic forecasts even assume that the LTC price could end up at over $ 8,000 in the long term. This would be a 30x increase over today's level. This forecast is extremely optimistic. However, it makes it clear what kind of opportunity there is in Litecoin if only a 5- to 10-fold price increase should follow in the future.

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