Interestingly, the founder of Litecoin announced the project on a popular Bitcoin forum and termed it a ‘Lite version of bitcoin’. And hence share similar features as the most dominant crypto. However, this altcoin owes to bypass limitations like lower mining and transaction speeds.
Will LTC price manage to poise these aspects with its bottom line adhering to an inexpensive currency? How far will the bulls run for Litecoin? Presenting to you, the Litecoin price prediction for 2022 and beyond!
Overview
| Cryptocurrency | Litecoin |
| Token | LTC |
| Price | $ |
| Market cap | $ 4,431,585,566.0000 |
| Circulating Supply | 70,460,970.7335 |
| Trading Volume | $ 0.0000 |
| All time high | $ 410.2600 May 10, 2021 |
| All time low | $ 1.1500 Jan 14, 2015 |
Litecoin (LTC) Price Prediction For 2022
| Potential Low | Average Price | Potential High |
| $288.1 | $412.31 | $485.3 |
Litecoin had made its way to 2022 in a downtrend, with a starting price of $148.5. Upon a push, the price fell to $123.1 by the 10th of January. Whilst the asset did pose a leg-up to $153.3 over the week. LTC price took a steep plunge to its support at $109.6 by the 22nd of January. The altcoin was seen sticking to its support until the 4th of February.
However, turbulence in the business coming from the geopolitical tussles between Ukraine and Russia. Anxiety around FED’s rate hike, and concerns about PoW chains. Pushed the price of LTC to its support levels. After a sideways movement, until the 18th of March. The price started to soar gradually and managed to close its quarter at $133.4.
Litecoin’s (LTC) Price Prediction For Q2
If the price of LTC gathers steam from its current price range at around $109.45. And manages to pose an uptrend toward $150, a bullish upward trek could take the price to $204.9. While regular trade pressures could settle the price at average levels of $164.4. On the contrary, if the bears rule the market, then the asset could find support at $153.3.
LTC’s Forecast For Q3
LTC would need to carry forward a bullish trek from the previous quarter. In order to generate higher highs, that could propel the price to $300.7. With a spike in transaction volumes and adoptions, the price could hit a maximum of $334.4. On the downside, falling volumes and negative criticism could close the quarter with a bearish note at $224.5.
LTC Prediction For Q4
If the price of Litecoin sees bullish social volumes in view of the fourth quarter. The price of the altcoin would reclaim its ATH of $410.26. An ascend from which, could close the quarter at $485.3. Whilst negative sentiments and a falling adoption rate could end the year at $288.1. Factoring in the bullish and bearish targets, LTC could settle with a regular price of $412.31.
Litecoin’s Price Forecast For 2023
The year 2023 is crucial for Litecoin, as the next LTC halving event could take place in the periphery of the year. Provided things go as planned, with newer adoptions and collaborations, the price could shoot to $621.75. However, the network not standing up to the expectations of the fraternity could result in the price taking a dip to $298.56.
Price Prediction For The Next 5 Years
Its current price range can attract many traders, as it is feasible when compared to Bitcoin in all possible aspects. Further, if the network succeeds in lowering the block time, it can even move heads on with Bitcoin. Therefore, with major collaborations with financial institutions, Litecoin can soar up to $865.74 if the above set conditions are met.
However, anxiety regarding newer regulations continues to persist among LTC users. If the market experiences a similar crash in the coming years, Litecoin’s price can wipe down greatly to $350.87. But considering that long-term investors will stick to the currency. The average price at which LTC might trade by the end of the next five years is $580.84.
| Year | Potential Low | Potential High |
| 2023 | $298.56 | $621.75 |
| Next Five Years | $350.87 | $865.74 |
What Does The Market Say?
1) Trading Beasts:
According to Trading Beasts, by the end of 2022, LTC could trade around with an average price of $104.242. And with an accelerated rally, the price may also shoot up to $130.303 by 2022. Trading Beasts expects, the LTC price to chug up to a maximum of $246.421, by the end of 2025. The firm expects the average and minimum possibilities at $197.137 and $167.566.
2) Long Forecast:
Long Forecast predicts that Litecoin will trade with a maximum price tag of $89 by December 2022. And by the end of 2023, the price could settle at its potential high of $162. The price is expected to decline and maintain a narrow trend until the end of 2025. Which could land the maximum price at $85.
3) Digital Coin Price:
According to Digital Coin Price, Litecoin could trade around its regular price of $146.73 by the end of 2022. Further, the price may trade around its potential high of $178.45 by December of 2023. The firm anticipates Litecoin’s price to close its trade for 2025, with a maximum price of $239.13.
4) Wallet Investor:
As per Wallet Investor’s forecast, by the end of 2022, LTC could trade around an average price of $171.475. And with an accelerated rally, the price may also shoot up to $233.130 by 2022. However, the firm cites that, the LTC price could chug up to a maximum of $379.044 by the end of 2025. Where the average and minimum possibilities are $311.911 and $379.044.
5) Gov.Capital:
Gov.Capital predicts that, by the end of 2022, LTC could trade around with an average price of $122.898. And with an accelerated rally, the price may also escalate to $141.332. That said, the analysts from the firm, expect LTC to close its trade for 2023 and 2025. With a maximum trading value of $310.677 and $758.58 respectively.
To read our price forecast of Zilliqa (ZIL) click here!
What is Litecoin (LTC)?
Sharing similarities with Bitcoin, it works on a Proof-of-Work consensus mechanism. But the platform involves complex computational algorithms to mine blocks. That is then fastened to the blockchain of the network, which is a public ledger. For mining, the platform uses the Scrypt protocol which helps in maintaining extra decentralization.
Also, powering confidential transactions, Litecoin turned out to be the network that proved every participant can exchange currencies with zero cost. Every transaction made on the blockchain remains irreversible and gets stored there forever. Like conventional blockchain technology, literally, nobody has edit access to the data/transaction on the Litecoin blockchain.
Also, in rare conditions where currencies may be looted, the network has a trace print which makes identifying the hacked currencies easy. LTC is the network’s native currency and is in use within the network for providing rewards or incentives to the miners. Outside the frame, Litecoin acts as a medium of exchange and is proving to be a stable and inexpensive asset.
Fundamental Analysis
Litecoin is a peer-to-peer cryptocurrency developed in 2011, by Charlie Lee, a former Google employee. The cryptocurrency was created based on the Bitcoin protocol. But it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin was released via an open-source client on GitHub in the year 2011.
The Platform is more accessible to people than Bitcoin. Hence known as the “silver” of the crypto world whereas Bitcoin is referred to as the “gold” of the crypto world. It makes micro-transactions possibly quick and has a block time of just 2.5 minutes. Note that Bitcoin has a block time of 10 minutes.
Litecoin has had multiple partnerships on board over the years, aiming for the expansion and utility of its digital currency. Some of the notable collaborations are with UFC Octagon, in 2018, Miami Dolphins(NFL, USA), and NordVPN. Lately, Litecoin also partnered with Cred, a prominent crypto borrow and lending platform. The network hit another milestone when Venmo, the second most famous US financial app launched Litecoin on its platform.
