Litecoin Price Prediction 2022-2026-Will LTC Price Hit $200 by the end of 2022?
Litecoin also has a high transaction confirmation duration of just minutes due to its speed of execution.
What is Litecoin (LTC)?
Litecoin (LTC) is a cryptocurrency that is open-sourced and was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.
Litecoin protocol is different from Bitcoin (BTC) protocol in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees.
Members of the board of directors in Litecoin Foundation are Charlie Lee, Xinxi Wang, Alan Austin, and Zing Yang.
Price Analysis of Litecoin (LTC)
Flashback: Fundamental Analysis of Litecoin
Litecoin Card was launched a few months ago to enable the Litecoin community to convert their coin to fiat with ease. This launch has enabled other investors who might need to convert different cryptocurrencies to fiat to resort to LTC due to the low fees of transactions within the Litecoin blockchain.
Also, there has been a growing adoption for privacy coins and tokens due to the ability to make transactions hiding. Some users prefer to use them due to the inability of others to trace them. Hence, the recent upgrade of Litecoin to Mimblewimble’s technology places heavy emphasis on fungibility and scalability — key features that are currently lacking across many blockchains. This has given users who wish to carry out private transactions an option.
The chart above shows Litecoin (LTC) had a bullish reversal when its price reached the support2 level. This recent run is expected to continue close to $165.4 at resistance1 level, due to the formation of a double bottom.
From the chart above, we can see that the price of Litecoin had a breakout from the middle of the channel and is surging upward. With more pressure from buyers, we should expect the gains to continue for some days.
The 1day chart of LTC/USDT above shows that it has a relative strength index of 54.82. This means that the present trend for LTC is strong since the value lies between 50 and 70. If investors push further in the direction of the buyers or hodl, the price might rise further above the present gains.
Now, let’s look at the price prediction of Litecoin (LTC) for the next five years.
Price Prediction of Litecoin (LTC) 2022
The price of Litecoin is expected to be within the range of $110 to $123 in the first quarter. In the second quarter, its price range is expected to rise to at least $150. By the end of the third quarter, the LTC price will be between $140 and $200. At the end of the last quarter, LTC might trade around $200.
Price Prediction of Litecoin (LTC) 2023
The price of Litecoin is expected to be within the range of $210 to $233 in the first quarter. In the second quarter, its price range is expected to rise to at least $250. By the end of the third quarter, the LTC price will be between $260 and $290. At the end of the last quarter, LTC might trade around $300.
Price Prediction of Litecoin (LTC) 2024
The price of Litecoin is expected to be within the range of $310 to $333 in the first quarter. In the second quarter, its price range is expected to rise to at least $350. By the end of the third quarter, the LTC price will be between $370 and $380. At the end of the last quarter, LTC might trade around $410.
Price Prediction of Litecoin (LTC) 2025
The price of Litecoin is expected to be within the range of $430 to $453 in the first quarter. In the second quarter, its price range is expected to rise to at least $480. By the end of the third quarter, the LTC price will be between $460 and $560. At the end of the last quarter, LTC might trade around $580.
Price Prediction of Litecoin (LTC) 2026
The price of Litecoin is expected to be within the range of $570 to $593 in the first quarter. In the second quarter, its price range is expected to rise to at least $640. By the end of the third quarter, the LTC price will be $660. At the end of the last quarter, LTC might trade around $1000.
The section below explains the price prediction of Litecoin from other media platforms
Litecoin Price Analysis: Market Sentiments
According to LongForecast, Litecoin might be worth $662 by the end of 2030.
According to DigitalCoinPrice, the price of Litecoin is predicted to reach a minimum worth of $450.35 in 2030 and a maximum level of $477.43.
According to CoinQuora, the price of Litecoin might reach $500 and $1500 in 2022 and 2026 respectively.
With the recent forecast on the future of Bitcoin which has been bullish, Litecoin price might reach $200 by the end of 2022 and $1000 by the end of 2026
Conclusion
From the fundamental analysis and the market sentiment around Litecoin, we can deduce that all analyses are of the opinion that LTC would be bullish in the future which will be rewarding for long-term investors.