Litecoin's issuance price and highest price
The issuance price of Litecoin is $0.026, and the all-time high price is $412.94. Since its issuance, its price has experienced early growth, periods of volatility, bull markets, bear markets, and recovery phases, influenced by factors such as cryptocurrency market trends, Litecoin scarcity, exchange availability, development progress, and global environment.
Issuance price and highest price of Litecoin
Litecoin (LTC) is a peer-to-peer cryptocurrency that was launched in 2011 Launching in November. It was created by former Google engineer Charlie Lee and aims to be a lightweight alternative to Bitcoin.
Issue Price:
- Litecoin was issued on November 28, 2011, with an initial price of $0.026.
Highest Price:
- Litecoin’s all-time high price was $412.94, reached on May 10, 2021.
Price evolution:
Since its release, the price of Litecoin has experienced significant fluctuations:
- Early days Growth: After its release, the price of Litecoin rose rapidly, reaching over $10 within a few months.
- Volatility period: Since 2014, the price of Litecoin has been showing a volatile trend, with both bull and bear markets.
- 2017-2018 Bull Market: During 2017-2018, Litecoin benefited from a surge in the cryptocurrency market, with the price soaring to over $360 at one point.
- Bear Market: The cryptocurrency market crash in late 2018 caused a significant drop in the price of Litecoin.
- Recovery: The cryptocurrency bull run of 2020-2021 helped the price of Litecoin recover and reach an all-time high.
- 2022 Bear Market: Similar to other cryptocurrencies, Litecoin was affected by the 2022 cryptocurrency market crash and saw a significant price drop.
Influencing Factors:
Factors affecting Litecoin price include:
- Overall Cryptocurrency Market Trend
- Scarcity of Litecoin (limited issuance)
- Availability of Litecoin on mainstream exchanges
- Litecoin development progress and updates
- Global Economic and Regulatory Environment
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