Litecoin (LTC) is a digital asset that’s designed to allow the moment peer-to-peer trade of worth at inexpensive charges. It was one of many first cryptocurrencies created after Bitcoin, and at present trades at $87.93, with a $6,405,814,739 market cap, in accordance with CoinMarketCap.
April ended on a bitter be aware for LTC, seeing the value drop from a $100+ worth all the way down to the $80 vary. Nonetheless, previous to that, Litecoin noticed vital progress firstly of 2023. Right here’s our Litecoin worth prediction for Could, and the way LTC could look in the direction of the top 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 put up, LTC’s upgrades will embody Partially Signed Bitcoin Transactions (PSBTs), P2P assist for Gentle Shoppers, Viewing Keys, Fee Proofs, and Descriptor Wallets.
Moreover, a halving for Litecoin is scheduled for August. Through the halving, LTC worth will probably surge. Therefore, the value that LTC is at present buying and selling at received’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. Probably, the present worth of Litecoin will stay the typical worth all through Could, heading into Summer time 2023.
Count on, nonetheless, for Litecoin worth to slowly start its rise in the direction of July, as traders look to get in early on the LTC halving scheduled for August 2, 2023. Though the market is at present bear, halvings have traditionally created bullish markets for the focused coin/tokens.