Litecoin Value

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Litecoin value, like the value of any other cryptocurrency, dropped a lot since reaching its all-time high (ATH) in 2017. Back then, the coin surpassed $350 per unit, although only for a brief time before the bear market kicked in. The bear market, which led to the year-long crypto winter, resulted in most coins' prices dropping by 80%, often even more than that. This leads us to the current Litecoin value, which is barely above $60, and considering its price movements in the past 24 hours, even this support level might be broken in hours to come. Of course, just because Litecoin value today is low, it doesn't mean that this will forever be the case. In fact, investors around the world count on the price changing, surging at some point in the future. They have seen what they believe to be the true Litecoin worth back in 2017, and many hope to see the same price movement in the final weeks of 2019. While it does seem unlikely, it is not impossible. The crypto space has the tendency to behave in unpredictable ways, and even a single positive event might spark a massive surge in demand and increased prices. In fact, most in the crypto space expect it to happen in the next few months, before Bitcoin halving takes place. As for the value of Litecoin, it will probably follow Bitcoin's lead and surge alongside it. The two coins are similar in many ways, which is not surprising, considering that Litecoin is a fork of Bitcoin, and that it uses almost identical technology, which is only slightly modified to provide greater speeds and bigger blocks. In the end, it is important to remember not to judge Litecoin current value, but to use its low price for investing, provided that you expect its future to be a positive one.