Litecoin: Room for improvement
- All-time high is not yet within reach
- Does the correction now lead to a new attempt towards 400 US dollars?
In the last few weeks there has only been one way to go with Litecoin - and that is up. The cryptocurrency, which according to market capitalization is in 5th place in the ranking of the top 100 cryptocurrencies, was just over 2020 US dollars in mid-December 100. The first bull run in the direction of 165 US dollars followed at the beginning of the year. On January 10, the Litecoin was at 185 US dollars.
Even if the all-time high is still a long way off - Litecoin climbed to 2017 US dollars in December 360 - it is still an impressive increase. Because at the beginning of 2020 the Litecoin price was just 60 US dollars. In the course of the corona crisis, Litecoin even fell to 2020 US dollars in March 30.
Correction can cause a new high flight
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But the correction, which took place between January 10 and 11, 2021, caused Litecoin to slide towards 130 US dollars. A correction that affected the entire crypto market - even Bitcoin had to put up with a loss of over 20 percent (and that within just 24 hours).
However, this does not change the long-term forecast. The experts are certain that Litecoin will crack the all-time high of 360 US dollars in the foreseeable future.
It's been a turbulent year. The Bitcoin-News.One forecast: Corrections are completely normal and are also described by many experts and analysts as "healthy" - and at the same time offer the chance to strike again at a cheaper rate. Especially those investors who feared that they had "missed the opportunity" will now step in and provide a new tailwind.