Litecoin (LTC) was created by Charlie Lee, in 2011 which was designed for transaction speed, security and low transaction fees. The Litecoin blockchain is a PoW consensus mechanism that uses Scrypt and uses ASICs for mining. Each new block on the Litecoin blockchain will be processed every 2.5 minutes so that the transaction and confirmation process will be faster compared to Bitcoin. That is why Litecoin is used more as a means of payment than as an investment instrument. Currently the price of Litecoin is $70. Max supply 84 million LTC. The ATH of $412 was reached in May, 202. Based on Trendline it is estimated that Litecoin price will increase by the end of November. Based on AI, it is predicted that the price of Ltc will reach $117 in 2024 and $172 for 2025. With this prediction, Litecoin cannot exceed the 2021 ATH. In your opinion, what is the appropriate price for Litecoin in 2024?
