HomeNewscoinquora.comLitecoin Price Analysis: LTC Surges Over $200 After 3 Years

Litecoin Price Analysis: LTC Surges Over $200 After 3 Years

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  • Litecoin (LTC) surges over $200 after 3 years.
  • In particular, the LTC price is now changing hands at $206.
  • There has also been a significant surge in active Litecoin addresses from 2019 until the present.

Indeed, Litecoin (LTC) surges over $200 after 3 years. Currently ranked as the 8th leading cryptocurrency in the market, LTC price is now changing hands at $206.

Moreover, LTC has gained over 30% in the last seven days and records a massive 155% annual gain.

Litecoin Price Analysis (February 13)

As seen on the chart below, Litecoin’s price took 3 years (35 months) to reach its current new high price. Hitting the bullish Litecoin price prediction during the early months of 2021 shows a promising future on this altcoin.

In fact, LTC remains to be one of the active digital assets in the crypto market. If the upward trajectory of the crypto goes on, the LTC price will most likely advance beyond $210 upon breaking its resistance levels. 

Litecoin Price Analysis LTC Surges Over 200 After 3 Years
Source: LTC/USDT on CoinGecko / TradingView

Additionally, Litecoin has been in a strong rally in the past few months. In detail, the LTC price has surged by more than 630% from its lowest level in 2020. This has particularly brought its total market cap to more than $13 billion, at the time of writing.

1613240540 743 Litecoin Price Analysis LTC Surges Over 200 After 3 Years
Source: Glassnode Studio

In light of this, there has been a significant surge in active Litecoin addresses from 2019 until the present. With only roughly 65,000 at the beginning of 2019, by January 2021, the highest record of active Litecoin addresses is at 189,440.

In reality, LTC holders seem to be having greater confidence in the long-term value of the cryptocurrency. Thus, it is anticipated to moon alongside Bitcoin, Ethereum, and other altcoinsbullish crypto market movements.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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