Litecoin Price Prediction – Will LTC Price Hit $500 in 2022?

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 48.7% 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.

Litecoin (LTC) Current Market Status

As of the time of writing this Litecoin price analysis, LTC trades at $58.34 with a 24-hour trading volume of $533,069,313. The price of LTC has increased by 2.55% in the last 24 hours.

Furthermore, LTC has a current circulating supply of 70,758,151.28 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 2022

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.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Litecoin (LTC), it could be seen that the present uptrend could continue since the last candlestick is within the first half of curve from the top. This shows that the present increase in the price of LTC might be sustained for some days before any reversal would be expected.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 58.24.  This shows that LTC is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlesticks, the price of the coin might surge further.

Litecoin (LTC) Price Prediction 2022

The chart below shows that Litecoin has performed great over the past few days. Moreover, the LTC price is over 17.1% in the last 14 days. If this trend continues, LTC might run along with the bulls, overtaking its $75.81 resistance1 level and climbing higher to $286.95 at the resistance9 level, a bullish signal for 2022.

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 $39.63, 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.

If this bullish trend continues, Litecoin will reach $286.95 by the end of 2022. Moreover, in July 2022, LTC is going to show fast growth, up to $75.81. 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

If LTC holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $800, making it not plummet but play consistently.

Litecoin (LTC) Price Prediction 2024

In the next two years, LTC prices could race up to $950. In addition, 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. This indicates that LTC has a high possibility of reaching a new ATH soon in the next two years as per the prediction.

Litecoin (LTC) Price Prediction 2025

As per the latest upgrades, developments, Litecoin price prediction, and new project forecasts of the platform, LTC investors could expect many partnerships and integrations around 2025. 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 four years, Litecoin prices could reach up to $1500 due to increase in crypto adoption in different parts of the world.

Litecoin (LTC) Price Prediction 2027

In the next five years, LTC prices could race up to $2000. In addition, 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. This indicates that LTC has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Litecoin (LTC) Price Prediction 2028

As per the latest upgrades, developments, Litecoin price prediction, and new project forecasts of the platform, LTC investors could expect many partnerships and integrations around 2028. 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 $4000.

Litecoin (LTC) Price Prediction 2029

In the next seven years, LTC prices could race up to $7000. In addition, 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. This indicates that LTC has a high possibility of reaching a new ATH soon in the next seven years as per the prediction.

Litecoin (LTC) Price Prediction 2030

As per the latest upgrades, developments, Litecoin price prediction, and new project forecasts of the platform, LTC investors could expect many partnerships and integrations around 2030. 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 $10,000.

Conclusion

Litecoin has a bright future ahead of it in 2022 to 2030. 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 $286.95. 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.

FAQ

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.

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