Litecoin
Will Litecoin prices fall below $50.00? That’s probably the most important question for the short-term Litecoin price forecast, but it’s unlikely to matter over the long haul. Long-term forecasts depend on underlying factors that investors are ignoring, such as Litecoin’s ability to popularize micropayments or its ability to…
Despite China taking a bat to Litecoin’s knees, the Litecoin-to-USD exchange rate bounced up about 9.68% to roughly $51.89. “What explosive piece of Litecoin news caused this rally?” you ask. Oddly, nothing in particular. This was a see-saw moment for Litecoin prices. After tilting hard towards the bearish…
In an unexpected twist, today’s Litecoin news revolves around Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), and an obscure Chinese think tank called China’s National Internet Finance Association (NIFA). Let’s start with Wall Street’s poster boy. While speaking at a conference in New York, Dimon claimed…
Rumors that China will close its cryptocurrency exchanges cast a shadow over the Litecoin price forecast on Tuesday. Except that this time, the rumors came from no less than The Wall Street Journal. (Source: "China plans to close the Bitcoin trading platform," The Wall Street Journal, September 11, 2017.) Naturally,…
LTC prices are back down to near $64.31 and the culprit is quite obvious: reduced trading from South Korean exchanges. That was the pivotal piece of Litecoin news this week (because China's crackdown on initial coin offerings applies more to decentralized application blockchains like Ethereum). We wrote in…
After a Chinese ban on initial coin offerings (ICOs) came into effect earlier this week, cryptocurrency value plunged across the board. Bitcoin, Ether, Ripple, and Litecoin all took double-digit dives on Monday. But the industry is already in recovery, with LTC prices crossing back above $80.00 at the…
It’s no wonder that LTC prices hit an all-time high on Monday. As explained in our previous Litecoin price forecast, investors are unraveling their post-fork positions in Bitcoin and dumping some money back into second-rung cryptocurrencies like LTC and XRP. This is evident in Litecoin’s depreciation against Bitcoin…