The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to market data, Litecoin has fallen short-term recently, falling below the $60 mark and now trading at $59.99, with an intraday drop of 2.11%. This has made investors doubt the prospects of Litecoin and why Litecoin cannot rise. What? And does Litecoin have a future? These two questions can be said to be firmly confusing investors. So, what is the reason why Litecoin cannot rise? Below, the editor of the currency circle will give you a comprehensive analysis of the reasons why Litecoin cannot rise.

## What is the reason why Litecoin cannot rise?

Possible volatility factors for Litecoin are similar to Bitcoin, such as:

1. Regulations:

Cryptocurrencies are currently not regulated by governments or central banks. But how this will change over the next few years and the impact on value is unknown.

2.Supply:

There is a limited number of Litecoins that can be mined (84 million). The amount available will also fluctuate depending on how quickly currency enters the market.

3.Media:

The price of Litecoin is also affected by public perception, security, life cycle, and the price of other digital currencies such as Bitcoin.

4. Use:

Currently, businesses or consumers have not yet adopted Litecoin as a payment method. However, some groups have already seen the development potential of blockchain technology and predict that this technology may be widely used in the future.

## Does Litecoin have a future?

Friends who follow the currency circle know that since the end of 2017, the currency circle has experienced a long period of downturn. Bitcoin, which once reached a price of 20,000, has almost halved. Litecoin has also been greatly affected. However, these two Although many altcoins died in 2018, popular currencies such as Litecoin and Bitcoin still survived tenaciously. One reason is that they have a wide user base, and the other reason is that the digital currency contract trading model has received a large amount of investment. In addition to investors in the currency circle, there are also investors from other markets such as stocks and foreign exchange.

The gameplay of digital currency contract trading is roughly the same as that of foreign exchange investment. It is mainly a mechanism of buying up and down, and making profits in both directions. On platforms such as Royal Mar Finance in the UK that provide digital currency contract trading, investors only need to invest a minimum of US$20. You can trade about 200 mainstream digital currency assets such as Bitcoin, Litecoin, Bitcoin Cash, and Ripple. Regardless of whether the prices of these digital currencies are rising or falling, you can make profits from trading.

It is precisely because of the low threshold, simple operation, support for ups and downs, and more profit opportunities that contract trading has quickly become popular around the world. It is worth mentioning that the current platforms that support digital currency contract trading are all with very high regulatory qualifications. Authoritative international financial platforms are relatively secure in terms of reputation and security. For example, the Huangma Financial Platform mentioned just now has joint regulatory qualifications from the British FCA and Australian ASIC.

Therefore, we can tell you with certainty that the future development prospects of virtual currencies such as Litecoin are still good. At least in the current few years, there will only be a lot more investors who can make profits from them.

Through the above introduction, I believe everyone has some understanding of the reason why Litecoin cannot rise. In fact, no matter whether investors choose Litecoin when investing in digital currencies, they need certain investment skills and must be very cautious. Be careful. After all, not everyone can make money by investing. If you are not careful, you may fall into the abyss. Therefore, investors must supplement this knowledge before investing in digital currencies.