How does Litecoin Profit Calculator Works?
This Litecoin Profit Calculator uses a simple mathematical principal to calculate the ROI of Litecoin. It fetches the historical Litecoin price from the database and compares with current Litecoin Price and calculate the profit or loss made on it.
It does this simple calculation get the amount Litecoin you would have got by investing x$'s on that day ($x/price of Litecoin). Now it calculates the current price of that amount in USD (current Litecoin price * amount of Litecoin purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_LTC_price = Price of LTC in past date;
$quantity_LTC = Quantity of LTC in past = $amount invested / $price_on_that_day;
$price_LTC = Current price of LTC;
$USD_today = ($price_LTC * $quantity_LTC) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of Litecoin you can check it here: Litecoin Price Prediction. This predictions are based on various algorithms applied on the historical price of the Litecoin.
If you have any query regarding the above calculator you can comment it in comment box below.