In the recent period when most cryptocurrencies have been on the rise, the trend towards an increase in altcoins is getting stronger, depending on the expectations of ETFs and the price of BTC. Considering this situation, it would not be wrong to say that a consolidation period that eliminates significant price fluctuations, especially for Litecoin (LTC), is being experienced.
In addition, it was announced that the 74,000,000th Litecoin was mined, which indicated a significant achievement. According to the announcement made by the Litecoin Foundation on December 19th, only 10 million LTC remain out of the total supply of 84 million. After the renewed interest in the altcoin, the price of LTC rose from $66 to $79 but has since retreated to $69 at the time of writing.
ChatGPT’s LTC Prediction
OpenAI’s ChatGPT continues to attract attention with the answers it gives to questions and the comments it makes. ChatGPT used the data provided to it and took into account the current price range. Accordingly, the AI predicted that LTC’s potential price range could be between $150 and $200.
The artificial intelligence also highlighted events that could potentially affect the price movement of this crypto asset. The AI exemplified factors such as market sentiment, adoption, integration, market trends, and regulatory developments.
Another indicator of the increasing adoption of the crypto asset emerged. Witnessing the network write more than 10 million Ordinals is an example of this. According to the announcement made by the Litecoin team on December 19th, this increasing level of activity is interpreted as a reflection of LTC investors’ participation in rising adoption activities.
Google Bard’s LTC Price Prediction
Meanwhile, Google‘s AI tool Google Bard, considering the mentioned time frame, may have offered predictions close to current prices and more realistic for LTC.
According to the answer received to the question directed to the artificial intelligence about LTC, the lower limit for LTC is found at the $35 level, while the upper limit could rise up to $210. According to Bard, the average price is expected to fluctuate between $52 and $87 throughout 2024.
The 24-hour market volume for Litecoin increased by 77% and reached $450 million. In addition, a 1% decrease was observed when examining the overall volume, which was at $5.2 billion.
