Litecoin (LTC) is a digital asset that’s designed to allow the moment peer-to-peer alternate of worth at reasonably priced charges. It was one of many first cryptocurrencies created after Bitcoin, and at the moment trades at $87.93, with a $6,405,814,739 market cap, based on CoinMarketCap.
April ended on a bitter notice for LTC, seeing the value drop from a $100+ worth all the way down to the $80 vary. Nevertheless, previous to that, Litecoin noticed vital progress at the start of 2023. Right here’s our Litecoin worth prediction for Could, and the way LTC could look in direction of the tip of the month.
Litecoin Value Prediction for Could 2023
Litecoin (LTC) has a couple of upgrades heading for the community very quickly. As per an official submit, LTC’s upgrades will embody Partially Signed Bitcoin Transactions (PSBTs), P2P assist for Gentle Purchasers, Viewing Keys, Fee Proofs, and Descriptor Wallets.
Moreover, a halving for Litecoin is scheduled for August. Throughout the halving, LTC worth will seemingly surge. Therefore, the value that LTC is at the moment buying and selling at gained’t change too dramatically for a while.
Market forecasters at Changelly predict that LTC will attain a excessive of $95.61 in Could, and a low of $81.09. Seemingly, the present worth of Litecoin will stay the common worth all through Could, heading into Summer time 2023.
Anticipate, nevertheless, for Litecoin worth to slowly start its rise in direction of July, as buyers look to get in early on the LTC halving scheduled for August 2, 2023. Though the market is at the moment bear, halvings have traditionally created bullish markets for the focused coin/tokens.