Monday, November 28, 2022
 

Litecoin (LTC) Price Prediction: Will LTC Price Hit $100 in 2022?

  • Bullish Litecoin (LTC) price prediction ranges from $83-$100.
  • Analysis suggests that LTC price might reach $100 soon.
  • LTC’s bearish market price prediction for 2022 is $31.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Litecoin (LTC) is one of them.

Litecoin is an open-source software project and a peer-to-peer, decentralized currency that is shared using the MIT/X11 license. Litecoin was one of the first altcoins. It came out in October 2011 after the Bitcoin blockchain gave it ideas.

If you are interested in the future of LTC and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Litecoin?

With its unique blockchain capabilities, Litecoin (LTC) was created as a cryptocurrency that provides fast, secure, and low-cost payments. Bitcoin’s system was utilized to establish the cryptocurrency. However, the hashing algorithm, hard cap, block transaction timeframes, and a few other aspects were changed. One of the advantages of using the Litecoin blockchain is that it takes just 2.5 minutes to process a transaction, making it ideal for small transactions or point-of-sale payments.

When Charlie Lee launched Litecoin, he was an early cryptocurrency user and a well-known figure in the cryptocurrency world. But now, Charlie Lee is an ardent advocate of cryptocurrency and serves as its managing director. In addition to Lee, the Litecoin Foundation’s board of directors includes three other members. These are Xinxi Wang, Alan Austin, and Zing Yang.

Litecoin is the second most widely used cryptocurrency after Bitcoin. Its popularity can be largely attributed to the crypto’s ease of use and obvious advantages it provides. Speed and cost-effectiveness are its primary advantages. There are no fees for Litecoin transactions. Since transaction fees are a concern for many users in developing countries, this makes it an appealing alternative to Bitcoin.

Litecoin released the MimbleWimble (MW) testnet in late 2020 to test confidential Mimblewimble-based transactions. Litecoin Foundation announced the Mimblewimble Extension Block (MWEB) upgrade on January 31, 2022. MWEB promises to guarantee fungibility for all and improve Litecoin’s scalability. MWEB will be opt-in, making Litecoin the “most fungible, cash-like cryptocurrency.” The Taproot upgrade that makes security and privacy better will also be in the core release.

Litecoin is one of the few cryptocurrencies that can be traded for a wide range of fiat currencies. It can be bought with US dollars (USD), Korean won (KRW), euros (EUR), and other fiat currencies.

Litecoin (LTC) Current Market Status

With 70,909,019 LTC in circulation, Litecoin (LTC) is trading at $58.45 at the time of writing. LTC has a 24-hour trading volume of $468,963,901.89, and during the previous 24 hours, the price of LTC decreased by 6.4%.

At the moment, the most popular exchanges to trade Litecoin (LTC) are Huobi Global, Binance, Coinbase Pro, OKX, and Kraken. Let’s continue with our LTC price research for 2022.

Litecoin (LTC) Price Analysis 2022

Currently, LTC ranks 21st on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will Litecoin’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s LTC price forecast first.

Litecoin (LTC) Price Analysis – Keltner Channel

TC/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
LTC/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of Keltner Channel. The price of Litecoin (LTC) can be predicted using the Keltner Channel indications for LTC/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Litecoin (LTC) Price Analysis – Relative Strength Index

LTC/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
LTC/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 50.22. A movement above 50 indicates that more traders are buying LTC rather than selling, and are driving the price up. 

Litecoin (LTC) Price Analysis – Moving Average

LTC/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
LTC/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Litecoin’s (LTC’s) 200-day, 100-day, and 50-day Moving Average (MA). Looking at the chart above, LTC is now running sideways. The LTC 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Since the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors.

Litecoin (LTC) Price Prediction 2022

TC/USDT 1-Day Chart  (Source: TradingView)
LTC/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of LTC/USDT, LTC price was swinging from $0.2842 to $0.4043 after touching the support level of $37-$42. Bouncing back from the support level, LTC is now going sideways in the market and is expected to return bullish soon.

Meanwhile, our long-term LTC price prediction for 2022 is bullish since it cannot break the support level. We can expect LTC to reach $84 this year. 

Litecoin (LTC) Price – Resistance and Support Levels

LTC/USDT 1-Day Chart (Source: TradingView)
LTC/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of LTC has decreased in the past few months. Moreover, the price of LTC is down by 5.64% in the past 24 hours after a slight pump during the week. If this continues, LTC might keep running bulls, breaking its $84 resistance 1 level, and eventually moving higher to the $110.

If LTC cannot break the $84 resistance 1 level, the bears may seize control and dethrone LTC to a downtrend stance. In simple terms, the price of LTC might fall to almost $31, indicating a negative signal given by the previous support level.

Litecoin (LTC) Price Prediction 2023 

Litecoin (LTC) will hit $120 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $84. The growth will thereafter moderate, but no significant drops are forecast. 

Litecoin (LTC) Price Prediction 2024 

Litecoin (LTC) price can rise to incredible heights, peaking at $170. This is only feasible if the market continues its upward path and only if Litecoin breaks through the past psychological resistance levels.

Litecoin (LTC) Price Prediction 2025

LTC price might grow to $236 during the next three years. Furthermore, hitting this level may not be so tough for LTC because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Litecoin (LTC) Price Prediction 2026

LTC price might grow to $294 during the next four years. Furthermore, hitting this level may not be so tough for LTC because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Litecoin (LTC) Price Prediction 2027

LTC price might soar to $366 in the next five years. Furthermore, hitting this level may not be so difficult for LTC as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Litecoin (LTC) Price Prediction 2028

In the next six years, LTC price could rise to $450. More so, reaching this level might be easy for LTC as an additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, LTC has a strong chance of reaching the previous ATH.

Litecoin (LTC) Price Prediction 2029

In the next seven years, LTC price could rise to $510. More so, reaching this level could not be so difficult for LTC as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, LTC has a strong chance of reaching the previous ATH.

Litecoin (LTC) Price Prediction 2030

In the next eight years, LTC price could rise to $580. More so, reaching this level could not be so difficult for LTC as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, LTC has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $580 if investors have decided that LTC is a good investment along with mainstream cryptocurrencies.   

FAQ

What is LTC?

Litecoin is an open-source software project and a peer-to-peer, decentralized currency that is shared using the MIT/X11 license. Litecoin was one of the first altcoins. It came out in October 2011 after the Bitcoin blockchain gave it ideas.

How to buy LTC tokens?

Like other digital assets in the crypto world, LTC can be traded on many exchanges. Binance, BTCEX, OKX, BingX, and Bybit are currently the most popular cryptocurrency exchanges for trading LTC.

Will LTC surpass its surrent ATH?

Since LTC provides investors with a number of opportunities to profit from their crypto holdings, LTC seems to be a really good investment in 2022. However, LTC has a high possibility of surpassing its current ATH in 2028.

Can LTC reach $450 soon?

In terms of active crypto assets, LTC is one of the few that continues to rise in value. As long as this bullish trend continues, LTC might break through $413 and reach as high as $450. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is LTC a good investment in 2022?

As one of the fastest-rising cryptocurrencies, LTC is expected to continue its upward trend. We may also conclude that LTC is an excellent cryptocurrency to invest in this year, given its recent partnerships that have improved its adoption.

What Is the lowest price of LTC?

It is $1.11 that was attained on January 14, 2015, according to CoinMarketCap.

Which year was LTC launched?

LTC was launched in June 2011.

Who are the co-founders of LTC?

Charlie Lee founded LTC.

What is the maximum supply of LTC?

It is 84,000,000 LTC.

How do I store LTC?

LTC can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the LTC price in 2023?

LTC price is expected to reach $120 by 2023.

What will be the LTC price in 2024?

LTC price is expected to reach $170 by 2024.

What will be the LTC price in 2025?

LTC price is expected to reach $236 by 2025.

What will be the LTC price in 2026?

LTC price is expected to reach $294 by 2026.

What will be the LTC price in 2027?

LTC price is expected to reach $366 by 2027.

What will be the LTC price in 2028?

LTC price is expected to reach $450 by 2028.

What will be the LTC price in 2029?

LTC price is expected to reach $510 by 2029.

What will be the LTC price in 2030?

LTC price is expected to reach $580 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish Litecoin (LTC) price prediction ranges from $83-$100.
  • Analysis suggests that LTC price might reach $100 soon.
  • LTC’s bearish market price prediction for 2022 is $31.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Litecoin (LTC) is one of them.

Litecoin is an open-source software project and a peer-to-peer, decentralized currency that is shared using the MIT/X11 license. Litecoin was one of the first altcoins. It came out in October 2011 after the Bitcoin blockchain gave it ideas.

If you are interested in the future of LTC and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Litecoin?

With its unique blockchain capabilities, Litecoin (LTC) was created as a cryptocurrency that provides fast, secure, and low-cost payments. Bitcoin’s system was utilized to establish the cryptocurrency. However, the hashing algorithm, hard cap, block transaction timeframes, and a few other aspects were changed. One of the advantages of using the Litecoin blockchain is that it takes just 2.5 minutes to process a transaction, making it ideal for small transactions or point-of-sale payments.

When Charlie Lee launched Litecoin, he was an early cryptocurrency user and a well-known figure in the cryptocurrency world. But now, Charlie Lee is an ardent advocate of cryptocurrency and serves as its managing director. In addition to Lee, the Litecoin Foundation’s board of directors includes three other members. These are Xinxi Wang, Alan Austin, and Zing Yang.

Litecoin is the second most widely used cryptocurrency after Bitcoin. Its popularity can be largely attributed to the crypto’s ease of use and obvious advantages it provides. Speed and cost-effectiveness are its primary advantages. There are no fees for Litecoin transactions. Since transaction fees are a concern for many users in developing countries, this makes it an appealing alternative to Bitcoin.

Litecoin released the MimbleWimble (MW) testnet in late 2020 to test confidential Mimblewimble-based transactions. Litecoin Foundation announced the Mimblewimble Extension Block (MWEB) upgrade on January 31, 2022. MWEB promises to guarantee fungibility for all and improve Litecoin’s scalability. MWEB will be opt-in, making Litecoin the “most fungible, cash-like cryptocurrency.” The Taproot upgrade that makes security and privacy better will also be in the core release.

Litecoin is one of the few cryptocurrencies that can be traded for a wide range of fiat currencies. It can be bought with US dollars (USD), Korean won (KRW), euros (EUR), and other fiat currencies.

Litecoin (LTC) Current Market Status

With 70,909,019 LTC in circulation, Litecoin (LTC) is trading at $58.45 at the time of writing. LTC has a 24-hour trading volume of $468,963,901.89, and during the previous 24 hours, the price of LTC decreased by 6.4%.

At the moment, the most popular exchanges to trade Litecoin (LTC) are Huobi Global, Binance, Coinbase Pro, OKX, and Kraken. Let’s continue with our LTC price research for 2022.

Litecoin (LTC) Price Analysis 2022

Currently, LTC ranks 21st on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will Litecoin’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s LTC price forecast first.

Litecoin (LTC) Price Analysis – Keltner Channel

TC/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
LTC/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of Keltner Channel. The price of Litecoin (LTC) can be predicted using the Keltner Channel indications for LTC/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Litecoin (LTC) Price Analysis – Relative Strength Index

LTC/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
LTC/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 50.22. A movement above 50 indicates that more traders are buying LTC rather than selling, and are driving the price up. 

Litecoin (LTC) Price Analysis – Moving Average

LTC/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
LTC/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Litecoin’s (LTC’s) 200-day, 100-day, and 50-day Moving Average (MA). Looking at the chart above, LTC is now running sideways. The LTC 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Since the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors.

Litecoin (LTC) Price Prediction 2022

TC/USDT 1-Day Chart  (Source: TradingView)
LTC/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of LTC/USDT, LTC price was swinging from $0.2842 to $0.4043 after touching the support level of $37-$42. Bouncing back from the support level, LTC is now going sideways in the market and is expected to return bullish soon.

Meanwhile, our long-term LTC price prediction for 2022 is bullish since it cannot break the support level. We can expect LTC to reach $84 this year. 

Litecoin (LTC) Price – Resistance and Support Levels

LTC/USDT 1-Day Chart (Source: TradingView)
LTC/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of LTC has decreased in the past few months. Moreover, the price of LTC is down by 5.64% in the past 24 hours after a slight pump during the week. If this continues, LTC might keep running bulls, breaking its $84 resistance 1 level, and eventually moving higher to the $110.

If LTC cannot break the $84 resistance 1 level, the bears may seize control and dethrone LTC to a downtrend stance. In simple terms, the price of LTC might fall to almost $31, indicating a negative signal given by the previous support level.

Litecoin (LTC) Price Prediction 2023 

Litecoin (LTC) will hit $120 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $84. The growth will thereafter moderate, but no significant drops are forecast. 

Litecoin (LTC) Price Prediction 2024 

Litecoin (LTC) price can rise to incredible heights, peaking at $170. This is only feasible if the market continues its upward path and only if Litecoin breaks through the past psychological resistance levels.

Litecoin (LTC) Price Prediction 2025

LTC price might grow to $236 during the next three years. Furthermore, hitting this level may not be so tough for LTC because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Litecoin (LTC) Price Prediction 2026

LTC price might grow to $294 during the next four years. Furthermore, hitting this level may not be so tough for LTC because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Litecoin (LTC) Price Prediction 2027

LTC price might soar to $366 in the next five years. Furthermore, hitting this level may not be so difficult for LTC as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Litecoin (LTC) Price Prediction 2028

In the next six years, LTC price could rise to $450. More so, reaching this level might be easy for LTC as an additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, LTC has a strong chance of reaching the previous ATH.

Litecoin (LTC) Price Prediction 2029

In the next seven years, LTC price could rise to $510. More so, reaching this level could not be so difficult for LTC as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, LTC has a strong chance of reaching the previous ATH.

Litecoin (LTC) Price Prediction 2030

In the next eight years, LTC price could rise to $580. More so, reaching this level could not be so difficult for LTC as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, LTC has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $580 if investors have decided that LTC is a good investment along with mainstream cryptocurrencies.   

FAQ

What is LTC?

Litecoin is an open-source software project and a peer-to-peer, decentralized currency that is shared using the MIT/X11 license. Litecoin was one of the first altcoins. It came out in October 2011 after the Bitcoin blockchain gave it ideas.

How to buy LTC tokens?

Like other digital assets in the crypto world, LTC can be traded on many exchanges. Binance, BTCEX, OKX, BingX, and Bybit are currently the most popular cryptocurrency exchanges for trading LTC.

Will LTC surpass its surrent ATH?

Since LTC provides investors with a number of opportunities to profit from their crypto holdings, LTC seems to be a really good investment in 2022. However, LTC has a high possibility of surpassing its current ATH in 2028.

Can LTC reach $450 soon?

In terms of active crypto assets, LTC is one of the few that continues to rise in value. As long as this bullish trend continues, LTC might break through $413 and reach as high as $450. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is LTC a good investment in 2022?

As one of the fastest-rising cryptocurrencies, LTC is expected to continue its upward trend. We may also conclude that LTC is an excellent cryptocurrency to invest in this year, given its recent partnerships that have improved its adoption.

What Is the lowest price of LTC?

It is $1.11 that was attained on January 14, 2015, according to CoinMarketCap.

Which year was LTC launched?

LTC was launched in June 2011.

Who are the co-founders of LTC?

Charlie Lee founded LTC.

What is the maximum supply of LTC?

It is 84,000,000 LTC.

How do I store LTC?

LTC can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the LTC price in 2023?

LTC price is expected to reach $120 by 2023.

What will be the LTC price in 2024?

LTC price is expected to reach $170 by 2024.

What will be the LTC price in 2025?

LTC price is expected to reach $236 by 2025.

What will be the LTC price in 2026?

LTC price is expected to reach $294 by 2026.

What will be the LTC price in 2027?

LTC price is expected to reach $366 by 2027.

What will be the LTC price in 2028?

LTC price is expected to reach $450 by 2028.

What will be the LTC price in 2029?

LTC price is expected to reach $510 by 2029.

What will be the LTC price in 2030?

LTC price is expected to reach $580 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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