Litecoin has been on the market since 2011 and was one of the first altcoins. The coin is often seen as Bitcoin’s little brother and the silver of the crypto industry. In terms of price performance, the coin has been lagging behind Bitcoin for years, so it’s time to ask ChatGPT about the expectations for Litecoin in 2024.
Litecoin price increases and decreases
The price of Litecoin can be extremely volatile. That was also the case in recent weeks. In late November, Litecoin’s price started at $66 and reached a local high of $79 before falling back to its current value of around $70.
There are now 74 million Litecoins in circulation, which means that only about 10 million more will be added until the maximum of 84 million is reached.
ChatGPT is very optimistic about Litecoin before January 1, 2024. For example, the chatbot predicts a price between €150 and €200 for Bitcoin’s little brother. That would mean a huge increase from now on.
ChatGPT cites the positive climate and growing acceptance as reasons for the increases. Regarding the latter, we can refer to Ordinals, a protocol that allows the creation of tokens.
To date, more than 10 million ordinal numbers have been created on the Litecoin network.
Google Bard is less optimistic
Google Bard, a competitor of ChatGPT, is less optimistic and seems to have a slightly better view of the market.
Google Bard reports Litecoin prices between $35 and $210. However, in the neutral scenario, Litecoin fluctuates between $52 and $87. Only in a bullish scenario could we see a price of $105 to $210 for Litecoin, Google said. Bard.
What do you think? Will Litecoin Price Break $100 Again Next Year?
Source: BtcDirect
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
