It can be seen that due to the rapid growth of LTC, the coin will experience a decline. In general, similar and close currencies have a close correlation. Similar to other cryptocurrencies, one of the big reasons for the decline is Bitcoin's overall weakness. From May 10-23 period, it decreased by 63.26%. After reaching the $400 level, the coin started to fall. From Decemto May 9 this year, prices rose 211%. Finally, Litecoin closed 2020 at $124.69 (on CoinMarketCap). As for Litecoin's long-term predictions, the outlook suggests that Litecoin has potential. This price correction did nothing to counter Litecoin's strong price trajectory. This contributed to a significant rise in price before a minor correction occurred. Prices start at around $3 per LTC and have gone through a number of cycles or "alternative seasons." Litecoin's price has gone through a lot since its launch – ups and downs. In 2021, LTC shows very fast growth until May however, due to some external factors, the situation changed significantly. The cryptocurrency Litecoin is up more than 140% in 2020.
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