Litecoin 2015-2018A significant market cycle transpired for LTC in 2015. At one point, the price had increased by 827%, reaching a high of $8.96. However, it proceeded to close at $3.44, an increase of only 154%. While still significant, it paled in comparison to that of the yearly high. In contrast, 2016 was a very uneventful year for the price movement. There was very little volatility, and the price increased by only 27% over the course of the year, closing at $4.36. 2017 was the most bullish year in the price history of LTC to date. LTC created bullish candlesticks almost every month, culminating with a then all-time high daily close of $370 reached in December 2017. However, it closed the year at a slightly lower price of $225, which amounted to an increase of 5,451% on the year.
LTC 2018-presentIn 2018, LTC underwent a significant correction. It decreased by a whopping 86.3%, closing the year at $30.61. With the exception of February and April, it had a bearish close every month. The next year, it increased considerably, reaching a high of $146.95. However, the higher prices could not be sustained, and the ensuing correction left LTC with an increase of only 33.77% during the year. 2020 was also a bullish year. After a correction between February and March, LTC rallied and managed to reach a close at $124. This amounted to an increase of 200%. So far in 2021, the price has moved upwards by 195% and is trading hands for $393.
ConclusionThroughout its price history, LTC has increased by:
- 2015: 154%
- 2016: 27%
- 2017: 5,452%
- 2018: -86%
- 2019: 34%
- 2020: 200%
- 2021: 195%
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