Litecoin Price Prediction
- Bullish LTC price prediction is $411.5.
- LTC price might also reach $500 soon.
- LTC bearish market price prediction for 2022 is $39.2.
This Litecoin (LTC) Price Prediction article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our LTC price analysis and prediction.
Many cryptocurrencies have rallied in 2022, with some beating their ATH from the 2017 bull run. Perhaps the most impressive is Bitcoin, which is well on its way to approaching $70,000 soon if it sustains its bull run.
Meanwhile, Litecoin (LTC), dubbed “Bitcoin’s silver”, has started to pick up its pace with the hopes of replicating BTC’s impressive performance. However, Litecoin’s ATH is $412.96, which was on May 10, 2021. At the moment, Litecoin is the sixteenth cryptocurrency in terms of market capitalization.
As part of the Litecoin vision, creator Charlie Lee said that they also aim to become available through PayPal. Additionally, they are looking to have high liquidity and to be available on every crypto exchange. Furthermore, they want to reach $104 million on Grayscale LTCN Trust. It has decreased in price by over 27% in the past one year.
If Litecoin attains all of these goals, it will surely exceed its ATH and more. But with its current statistics and performance, will Litecoin become one of the best cryptocurrencies in 2022? We’ll find out in this Litecoin price prediction. But before we start our Litecoin price analysis, let us first answer the question, “What is Litecoin?”
What is Litecoin (LTC)?
Litecoin is one of the oldest cryptocurrencies to date. It started as a fork off of the Bitcoin blockchain in 2011 before creating an entire ecosystem in the succeeding years. Litecoin’s creator Charlie Lee, a former Google employee, created Litecoin as an alternative to Bitcoin, which had grave scalability issues before.
Designed as a lighter alternative to Bitcoin, Litecoin aims to provide seamless peer-to-peer (P2P) transactions to its users globally. Consequently, there are a multitude of crypto exchanges and trading platforms that accept Litecoin.
Litecoin implements the Scrypt algorithm for mining. It also popularized Mimblewimble, a technology coined from the popular book series and movie franchise Harry Potter. This technology helps Litecoin provide its privacy solutions.
Now that we have answered the question “What is Litecoin?”, we can proceed to our Litecoin price analysis.
LTC Current Market Status
As of the time of writing this Litecoin price analysis, LTC trades at $131.82 with a 24-hour trading volume of $1.379,044,177. The price of LTC has decreased by 5.06% in the last 24 hours.
Furthermore, LTC has a current circulating supply of 69,612,956.99 LTC. Currently, the top cryptocurrency exchanges for LTC are Binance, Huobi Global, OKEx, FTX, Kucoin, Kraken, Gemini, Bitfinex, and Bitstamp.
Now, let’s proceed to the next part of this LTC technical analysis 2022.
Litecoin (LTC) Price Analysis
Currently, Litecoin holds the 20th place on CoinGecko. But will the latest upgrades, developments, and changes in the LTC blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this LTC price prediction article.
LTC/USDT 1Day Chart Shwoing Keltner Channel Indicator (Source: Tradingview)
From the Keltner Channel chart for LTC/USDT above, it could be deduced that the price of LTC would not plummet greatly since the last candlestick formed had already breakout from the top curve.
LTC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
The relative strength index (RSI) of LTC/USDT 1day chart above is 54.38 which represents a strong trend since it lies between 50 and 70. The recent gain in a few days ago might be recovered.
LTC/USDT 1Day Chart showing 200-MA and 100-MA (Source: Tradingview)
The 200-MA is above the 100-MA which indicates that Litecoin (LTC) is bullish in the long term.
Litecoin (LTC) Price Prediction
The chart below shows that Litecoin has performed great over the past few days. Moreover, the LTC price is over 22.7% in the last 14 days. If this trend continues, LTC might run along with the bulls, overtaking its $411.5 resistance level4 and climbing higher.
LTC/USDT 1Day Chart Showing Resistance and Support Levels (Source: Tradingview)
Conversely, if the investors turn against the crypto, the bears might take over and dethrone LTC from its uptrend position. In simpler terms, the price of LTC might plummet to almost $39.2, a bearish signal.
Meanwhile, our long-term LTC price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $412.96 this year. However, that will only happen if it breaks many previous psychological resistances.
Litecoin (LTC) Price Prediction 2022
If this bullish trend continues, Litecoin will reach $411.5 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $244.2. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $500 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Litecoin (LTC) Price Prediction 2023
The price of Litecoin can move even great heights, however reaching $800. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Litecoin breaks past the psychological resistance level.
Litecoin (LTC) Price Prediction 2024
As per the latest upgrades, developments, Litecoin price prediction, and new project forecasts of the platform. Moreover, this might boost the price of Litecoin in the crypto market, and it will be the best investment as the price can spike and reach around $950.
Litecoin (LTC) Price Prediction 2025
As per the latest upgrades, developments, Litecoin price prediction, and new project forecasts of the platform. Moreover, this might boost the price of Litecoin in the crypto market, and it will be the best investment as the price can spike and reach around $1000.
Litecoin (LTC) Price Prediction 2026
In the next five years, Litecoin prices could reach up to $1500 due to increase in crypto adoption in different parts of the world.
Litecoin has a bright future ahead of it in 2022. With the ongoing developments happening within the LTC ecosystem, as well as in the overall crypto market, we may see LTC reach new heights.
Bullish LTC price prediction 2022 is $411.5. As said above, it may even reach $500 if investors have decided that LTC is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
What is LTC?
Litecoin (LTC) is a peer-to-peer cryptocurrency based on a decentralized, open-source blockchain network.
How to buy LTC Coins?
Users can obtain LTC coins by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.
Will LTC surpass its current ATH?
LTC is a good investment in 2022. Moreover, LTC has a high possibility of surpassing its current ATH at about $412.96 this year.
Can LTC reach $500 soon?
Yes, it’s very much possible that LTC might reach $500 in the near future as per the current bullish trend.
What will be the Litecoin price by 2022?
Litecoin (LTC) price is expected to reach $411.5 by 2022.
What will be the Litecoin price by 2023?
Litecoin (LTC) price is expected to reach $800 by 2023.
What will be the Litecoin price by 2024?
Litecoin (LTC) price is expected to reach $1000 by 2024.
What will be the Litecoin price by 2025?
Litecoin (LTC) price is expected to reach $1200 by 2025.
What will be the Litecoin price by 2026?
Litecoin (LTC) price is expected to reach $1500 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.