Litecoin (LTC) Price Prediction 2022 – Will LTC Hit $200 Soon?
- Bullish LTC price prediction is $64.55 to $169.58.
- The LTC price will also reach $200 soon.
- Bearish LTC price prediction for 2022 is $41.18.
In Litecoin (LTC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about LTC to analyze the future movement of the cryptocurrency.
Litecoin (LTC) Current Market Status
According to CoinGecko, the price of Litecoin (LTC) is $60.49 with a 24-hour trading volume of $340,642,505 at the time of writing. However, LTC has decreased to 4.9% in the last 24 hours.
Moreover, Litecoin (LTC) has a circulating supply of 70,903,545 LTC. Currently, LTC trades in cryptocurrency exchanges such as Binance, FTX, Coinbase, FMFW.io, OKX, Bybit, MEXC, Huobi global, KuCoin, and ZB.Com.
What is Litecoin (LTC)?
Litecoin (LTC) is one of the pioneer cryptocurrencies that debuted in the crypto space after Bitcoin. LTC was launched in 2011 as Bitcoin-inspired crypto. Litecoin’s creator Charlie Lee calls it a “coin that is silver to Bitcoin’s gold”. Just like Bitcoin, the Litecoin blockchain also operates on the proof-of-work (PoW) consensus
Bitcoin and Litecoin have key differences in their supply cap, hashing algorithm, and transaction speed. LTC has a fixed supply cap of 84 million which is greater than Bitcoin’s 21 million supply cap. Unlike Bitcoin’s SHA-26 hashing algorithm, Litecoin uses the Scrypt algorithm. It takes around 2.5 minutes for a block to be generated on the Litecoin blockchain whereas it would take 10 minutes on Bitcoin.
Litecoin (LTC) Price Prediction 2022
Litecoin (LTC) holds the 22nd position on CoinGecko right now. LTC price prediction 2022 is explained below with a weekly time frame.
The above chart of Litecoin (LTC) laid out the ascending triangle pattern. The ascending triangle pattern is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. The trendlines of a triangle need to run along at least two swing highs and two swing lows. The ascending triangle pattern is a continuation pattern.
Currently, Litecoin (LTC) is at $51.32. If the pattern continues, the price of LTC might reach the resistance level of $64.51, and $103.86. If the trend reverses, then the price of LTC may fall to $51.94, $47.61, and $41.16.
Litecoin (LTC) Support and Resistance Levels
The chart below shows the support and resistance levels of Litecoin (LTC).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Litecoin (LTC).
| Resistance Level 1 | $64.55 |
| Resistance Level 2 | $93.82 |
| Resistance Level 3 | $132.76 |
| Resistance Level 4 | $169.58 |
| Support Level | $41.18 |
The charts show that LTC has performed a bullish trend over the past month. If this trend continues, LTC might run along with the bulls overtaking its resistance level at $169.58.
Accordingly, if the investors turn against the crypto, the price of the LTC might plummet to almost $41.18, a bearish signal.
Litecoin (LTC) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Litecoin (LTC) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of LTC lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Litecoin (LTC) is shown in the above chart. Notably, the LTC price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, LTC is in a bullish state. There is a possibility of a reversal trend of LTC at any time.
Meanwhile, the relative strength index (RSI) of the LTC is at a level of 60.83. This means that LTC is in a nearly overbought state. However, this gives confidence to the traders to trade without any fear.
Litecoin (LTC) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Litecoin (LTC). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Litecoin (LTC). Currently, LTC lies in the range of 28.89, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Litecoin (LTC). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of LTC lies just below 50, indicating slightly lower volatility. In fact, LTC’s RSI is at 60.83, thus confirming a potential buy signal.
Comparison of LTC with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Litecoin (LTC).
From the above chart, we can interpret ETH, BTC, and LTC are moving in a similar trend but with slight differences. This indicates that when the price of BTC increases or decreases, the price of ETH and LTC increases or decreases respectively.
Litecoin (LTC) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Litecoin (LTC) might probably attain $231 by 2023.
Litecoin (LTC) Price Prediction 2024
With several upgrades in the network, Litecoin (LTC) might enter a bullish trajectory. If the coin grabs the attention of major investors, LTC might rally to hit $253 by 2024.
Litecoin (LTC) Price Prediction 2025
If Litecoin (LTC) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, LTC will rally to hit $276.
Litecoin (LTC) Price Prediction 2026
If Litecoin (LTC) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, LTC will rally to hit $290.
Litecoin (LTC) Price Prediction 2027
If Litecoin (LTC) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, LTC will rally to hit $301.
Litecoin (LTC) Price Prediction 2028
If Litecoin (LTC) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, LTC will hit $320.
Litecoin (LTC) Price Prediction 2029
If investors flock in and continue to place their bets on Litecoin (LTC), it would witness major spikes. LTC might hit $337 by 2029.
Litecoin (LTC) Price Prediction 2030
With greater advancements in the Litecoin ecosystem, the crypto community might continue to invest in Litecoin (LTC) for the next 8 years and drive significant price rallies for the token. Hence, Litecoin (LTC) might hit $355 by 2030.
Conclusion
With continuous improvements in the Litecoin network, we can say that 2022 is a good year for LTC. For this reason, the bullish price prediction of Litecoin (LTC) in 2022 is $169.58. On the other hand, the bearish price prediction of Litecoin (LTC) for 2022 is $41.18.
Furthermore, with the advancements and upgrades in the Litecoin ecosystem, the performance of Litecoin (LTC) might hit $200 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $410.26 in the near future.
FAQ
Litecoin (LTC) is one of the pioneer cryptocurrencies that was launched in 2011after Bitcoin. It operates based on the proof-of-work (PoW) consensus model. Litecoin (LTC) is “silver to Bitcoin’s gold”.
Litecoin (LTC) has been listed on many crypto exchanges which include Binance, FTX, Coinbase, FMFW.io, OKX, Bybit, MEXC, Huobi global, KuCoin, and ZB.Com.
With the ongoing developments and upgrades within the Litecoin platform, Litecoin (LTC) has a high possibility of reaching its ATH soon.
On May 10, 2021, Litecoin (LTC) reached its new all-time high (ATH) of $410.26.
5. Is Litecoin (LTC) a good investment in 2022?
Litecoin (LTC) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Litecoin in the past few months, LTC is considered a good investment in 2022.
Litecoin (LTC) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Litecoin (LTC) will hit $200 soon.
Litecoin (LTC) price is expected to reach $231 by 2023.
Litecoin (LTC) price is expected to reach $253 by 2024.
Litecoin (LTC) price is expected to reach $276 by 2025.
Litecoin (LTC) price is expected to reach $290 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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